Gold prices increase, people still look for gold rings

Many people are still looking to buy gold rings

Lao Dong's record this morning, June 27th, on Tran Nhan Tong street (Hai Ba Trung ward, Hanoi) - where many large gold trading stores are concentrated - the number of customers coming to transact has decreased significantly compared to previous peak periods.

At some stores, people come in and out continuously, but there is no longer a scene of long queues on the sidewalk from early morning. The waiting area for transactions is quite open, customers only take about 20 minutes to complete the gold purchase procedures.

Ms. Pham Huyen Trang (Bach Mai ward, Hanoi) said that this is the first time in many weeks that she has come to buy plain round gold rings without having to take a number or wait for hours.

I took advantage of going out in the morning because I thought the gold price increase would make the number of customers as crowded as before. However, when I arrived, I was quite surprised because I only waited about 20 minutes for my turn to transact. The atmosphere was also more relaxed, no longer the scene of people standing crowded in front of the store" - Ms. Huyen Trang shared.

According to Ms. Trang, although gold prices have increased again, she still decided to buy 5 chi in advance to accumulate. She said she will continue to monitor market developments and consider buying more if prices fluctuate appropriately.

On Tran Nhan Tong street, Mr. Do Manh Hung (Hai Ba Trung ward, Hanoi) also came to buy plain round gold rings. He said that the reduced number of customers helped transactions take place quickly.

Previously, there were days when I had to spend nearly two hours to complete the transaction. Today it only takes about 15 minutes to complete. I bought 3 taels of gold rings and was returned immediately. There are still people coming to buy but not as crowded as before" - Mr. Hung said.

Meanwhile, Ms. Le Minh Hoa (Hai Ba Trung ward, Hanoi) said that her house is near Tran Nhan Tong street, so she took the opportunity to visit the store to check the price, but has not decided to transact yet.

A few months ago, I saw too many people, so I was hesitant to come. Today, passing by, I saw that it was quieter, so I stopped by to ask for prices. I am still monitoring further because gold prices fluctuate quite quickly, I am not in a hurry to buy at this time" - Ms. Hoa shared.

Gold price update

As of 10:50 am, Phu Quy Jewelry Group listed SJC gold bar prices at 145.3-148.5 million VND/tael (buying - selling), an increase of 1.3 million VND/tael on the buying side and an increase of 1.5 million VND/tael on the selling side compared to yesterday morning.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 144.3-148.5 million VND/tael (buying - selling), an increase of 1.3 million VND/tael on the buying side and an increase of 1.5 million VND/tael on the selling side.

At the same time, Phu Quy Gold and Gems Group listed the price of gold rings at 145-148 million VND/tael (buying - selling).

Bao Tin Minh Chau listed the price of gold rings at the threshold of 144.3-148 million VND/tael (buying - selling).

At 10:47 AM, world gold prices were listed around the threshold of 4,088.385 USD/ounce.