At the end of the recent trading session, the domestic gold market moved in a slightly upward trend. This morning (May 4), plain round gold rings and domestic gold bars simultaneously increased in price. Compared to the same time last month, the price of gold bars and gold rings decreased by 7.9 million VND/tael in both buying and selling directions.
At gold business stores on Cau Giay street (Hanoi), the scene of long queues waiting is no longer happening. According to information released from the store, the quantity of plain round gold rings sold today is unlimited. Gold stores return products according to customer needs.
After a series of long holidays, the number of customers coming to the gold shop is not too crowded. As one of the customers sitting waiting to buy this morning, Mr. B.N. H shared: "I just got to transact immediately, just sitting behind a few people. I bought more than 1 tael of plain round gold rings, so I was instructed to go to the automatic payment counter to transact. The time is fast, the first day of the week, so the number of customers is not too crowded".
According to Mr. H, gold prices have increased slightly, so the number of sellers and buyers is the same. "I bought to accumulate, so the slight adjustment is not too important. Consider it as fewer traders, then compensate for the increase, without losing the buyer's effort" - Mr. H said.
Meanwhile, Ms. M.V. T (Phu Dien ward, Hanoi) queuing to wait to buy, said: "I bought in cash, that is, under 1 chi, so I queued and waited behind 3 people. Buying gold requires a citizen ID card to complete the procedures, but I only have photos via phone, the store does not accept it. Instead, the store staff guided me with VNeID to make invoices".
Besides the number of customers buying in, people come to gold shops to sell out bustlingly. Ms. N.T. N (Lang ward, Hanoi) - a customer who needs to sell out - shared: "Taking advantage of the upward adjustment, I went to sell out about 3 chi to prepare more furniture for my daughter's house. This time, many suburban projects in Hanoi have more stable prices, so the family proactively finds them for their children.
Gold price update
As of 11:04 AM on May 4th, SJC gold bar prices were listed at the level of 163.6-166.6 million VND/tael, simultaneously increasing by 600,000 VND/tael compared to the closing session yesterday.
Bao Tin Minh Chau listed the price of SJC gold bars at the threshold of 163.6-166.6 million VND/tael (buying - selling), an increase of 600,000 VND/tael.
At the same time as the survey, SJC listed the price of plain round gold rings at 163.1-166.1 million VND/tael (buying - selling).
Bao Tin Minh Chau listed gold ring prices equal to gold bar prices, currently at the threshold of 163.6-166.6 million VND/tael (buying - selling).
On the world market, as of 11:08 AM on May 4 (Vietnam time), world gold prices decreased slightly, listed around the threshold of 4,609.8 USD/ounce, down 3.6 USD.
