Gold prices rise, many people line up to buy

Linh Đan |

On May 19, domestic gold prices rebounded, causing gold shops in Hanoi to record a bustling volume of customers trading.

Domestic gold prices simultaneously surged in today's trading session, leading to a sharp increase in the number of customers coming to trade at gold shops in Hanoi.

Reporters' records show that at some large gold brands on Tran Nhan Tong street (Hai Ba Trung ward, Hanoi), the number of customers mainly concentrated in the buying area. Staff continuously guide customers to move inside the transaction.

Stores currently sell gold according to the needs of each customer, and return goods immediately after completing the transaction. Although the number of people is large, the situation of jostling or prolonging to the sidewalk like previous "gold fever" waves no longer appears.

Người dân xếp hàng chờ mua vàng tại một cửa hàng trên phố Trần Nhân Tông. Ảnh: Linh Đan
People line up to buy gold at a store on Tran Nhan Tong street. Photo: Linh Dan

Sharing with reporters, Ms. Nguyen Mai Thu Hang (Bach Mai ward, Hanoi) said that she had just received her salary, so this morning she took the opportunity to buy 1 tael of gold to save. According to her, instead of depositing the entire amount, she chose to spend a portion of her monthly income to buy gold for long-term accumulation.

I just received my salary, so today I took the opportunity to buy 1 tael of gold to save. Every month, if I have the conditions, I will buy a little. The gold price is high, but I think saving for the long term is still more assured" - Ms. Hang said.

Similarly, Mr. Tran Duc Trung (Hai Ba Trung ward, Hanoi) also came to the store early in the morning to buy 0.5 taels of gold. He said that he currently does not have a large investment demand but still wants to buy a small amount to save money.

Today I bought only 0.5 chi because finances still have to balance many items. I see that gold prices have fluctuated sharply recently, but if I buy to accumulate little by little, it is not too stressful" - Mr. Trung shared.

Bên trong một cửa hàng vàng trên phố Trần Nhân Tông, nhiều khách hàng xếp hàng chờ đến lượt giao dịch trong bối cảnh giá vàng tăng mạnh. Ảnh: Hà Lê
Inside a gold shop on Tran Nhan Tong street, many customers line up waiting for their turn to trade in the context of rising gold prices. Photo: Ha Le

Also coming to buy gold at a store on Tran Nhan Tong street, Mr. Pham Van Tuan (Hai Ba Trung ward, Hanoi) shared that he had just been returned gold by the shop immediately after completing the transaction. He recalled a few months ago, when purchasing demand increased sharply, many customers had to accept waiting a few weeks to receive the goods.

Last time I also came to buy gold, but the store promised to have goods returned after more than 3 weeks. Today, after the transaction is completed, I will receive it immediately. The store is selling according to customer demand, I just bought 5 taels of gold" - Mr. Tuan said.

Gold price update

As of 9:25 am, SJC gold bar prices were listed by DOJI Group at the threshold of 161.3-133.8 million VND/tael (buying - selling), an increase of 800,000 VND/tael in the buying direction and an increase of 300,000 VND/tael in the selling direction compared to yesterday morning.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Hà Lê
SJC gold price movements in recent trading sessions. Chart: Ha Le

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 161.3-133.8 million VND/tael (buying - selling), an increase of 800,000 VND/tael on the buying side and an increase of 300,000 VND/tael on the selling side compared to yesterday morning.

At the same time, DOJI Group listed the price of gold rings at 160.8-163.8 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions compared to yesterday morning.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: Hà Lê
Gold ring price movements in recent trading sessions. Chart: Ha Le

Phu Quy Jewelry Group listed the price of gold rings at 160.6-63.6 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions compared to yesterday morning.

At 9:28 am, world gold prices were listed around the threshold of 4, 557.9 USD/ounce, an increase of 22 USD compared to the previous day.

The upward momentum of the international market is affecting domestic gold prices. People need to be cautious and avoid following the psychology of crowds when silver prices fluctuate sharply, especially in the context that the difference between buying and selling prices is still maintained at a high level.

See more news related to gold prices HERE...

Linh Đan
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