Gold prices increase, many people wait for hours to buy 2 taels of gold rings

Waiting hours to buy gold rings

In recent trading sessions, most stores stopped selling, or sold out in very small quantities of 9999 plain round gold rings. Therefore, owning this item became difficult.

According to Lao Dong reporters' records today (January 10), although the price of plain round gold rings has increased, many people still come to business stores to hunt for them.

At a gold business store on Tran Nhan Tong street (Hanoi), Mr. Nguyen Tien Manh (Vinh Thanh commune, Hanoi) said that the store is selling a maximum of 1 tael of gold rings for one person. However, he queued for more than 1 hour and it was still not his turn to transact.

I have been queuing for more than 1 hour, waiting to buy 2 taels of gold rings. Whether the store will return the goods immediately or not depends on the quantity purchased by each customer. For example, if a customer buys 1 tael, they will make an appointment a few days later to come and get it, if they buy 5 taels, they will receive it immediately" - Mr. Manh said.

Also on Tran Nhan Tong street, Ms. Do Thi Minh Hoa (Hai Ba Trung ward, Hanoi) last week bought 3 chi of gold rings, now continues to wait to buy more.

According to Ms. Hoa, buying gold at this time is not easy. Some days the store only sells 1-2 gold rings per customer, some days it is announced that it is out of stock. "Previously, just going to the store was enough to buy immediately, but now customers have to queue to wait their turn, some even come when the store has not opened" - Ms. Hoa said.

Ms. Hoa added that today each person is allowed to buy a maximum of 1 tael of gold, but due to the large number of customers waiting to buy, she is still waiting for her turn to transact.

Gold price update

As of 11:20 am on January 10, SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 157.8-159.8 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at the threshold of 2 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 157.3-159.8 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at 2.5 million VND/tael.

At the same time, DOJI Group listed the price of gold rings at 154.5-157.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both directions compared to yesterday morning. The buying - selling difference is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 156.8-159.8 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both directions compared to yesterday morning. The buying - selling difference is at 3 million VND/tael.

At 11:20 am, the world gold price was listed around the threshold of 4,509.66 USD/ounce.