Continuing the upward trend, this morning, plain round gold rings and domestic gold bars increased at most brands. At gold business stores on Cau Giay street, Hanoi, the scene of customers with buying needs continues to be bustling.
According to information released from the store, the quantity of plain round gold rings sold this morning is unlimited. However, if customers need to buy less than 5 taels of gold, they will be able to trade directly, the larger quantity will receive an appointment letter until March 23.
Nearly 2 hours before opening for sale, Ms. Vu Thu Huong (Nghia Do ward, Hanoi) shared: "Today I arrived at 7:30 am, the store has not opened for transactions. Starting to open for sale, transactions are fast, this morning all the stalls waiting have run out, now it's a new round. I bought 3 taels of gold rings to accumulate wealth, if there is work, I will spend it.
Ms. Huong added that many people accept going early to be one of the first to be able to transact. "Going a little early, I still have work in the day, waiting until the opening time to go out, I have to wait a long time, until noon to finish" - Ms. Huong said.
Although only buying from 0.5-1 chi of gold rings, Mr. Chu Duc Nhat (Xuan Phuong ward, Hanoi) queued to wait according to the instructions of the store staff.
I bought less than 20 million VND, so I will use cash. Every time customers buy in cash, they can go to the main store to wait to buy immediately, but today they have to wait at this expanded store. The price today is also high, so I only buy a little more, if the price is good, I will sell it to take profit" - Mr. Nhat said.
Besides the number of customers buying in, the number of people who need to sell to take profits has increased compared to previous days. Closely monitoring the developments of gold prices in recent days, Ms. La Diem My (Cau Giay ward, Hanoi) said: "In the past two days, prices have increased, I have been hesitant and do not know whether to sell or not. This morning, I decided to go to the store when there was an additional adjustment increase. I bought at a time when gold prices were at 17.9 million VND/chi. I usually buy and sell quickly to make a difference, but only sell about 3-4 chi per turn".
Gold price update
As of 1:09 PM on March 11, SJC gold bar prices were listed at 184.2-187.2 million VND/tael (buying - selling), an increase of 1.1 million VND/tael compared to yesterday's closing session.
Bao Tin Minh Chau listed SJC gold bar prices at 184.4-187.2 million VND/tael (buying - selling), increasing by 1.3 million VND/tael for buying and 1.1 million VND/tael for selling respectively.
At the same time as the survey, SJC listed the price of plain round gold rings at 183.9-186.9 million VND/tael (buying - selling), an increase of 1.1 million VND/tael in both directions.
Bao Tin Minh Chau listed the price of gold rings equal to the price of gold bars, currently at 184-187 million VND/tael (buying - selling).
On the world market, as of 1:12 PM on March 11 (Vietnam time), world gold prices had a deep downward correction, listed around the threshold of 5,202.4 USD/ounce, up 12.1 USD.
