Recorded at some gold shops on Tran Nhan Tong street (Hanoi) on March 1st, the number of customers coming to trade increased sharply in the context that gold prices continued to linger at a high level.
Inside the gold shop, the atmosphere is quite stuffy due to the large number of people gathered in a narrow space. The area selling gold rings and gold bars is always full of customers. Staff are strengthened to support customers.
According to records, gold buyers have to queue for quite a long time due to the large number of transactions. Meanwhile, the gold jewelry sales area takes place faster, customers can choose samples and pay without having to wait too long.
Ms. Tran Thi Ha (Cau Giay - Hanoi) said that she took advantage of the morning to buy gold rings to hoard. "The geopolitical situation in the world is tense, gold prices fluctuate sharply, so I decided to buy more to keep assets.
I buy a maximum of 1 tael for peace of mind. Although the price is high, I still accept it because thinking about the long term, gold is still a safe haven. Today, the store announced that it only accepts a fixed number of customers and sells a maximum of 1 tael per person" - Ms. Ha said and said she had waited almost an hour for her turn.
Today is the weekend session, so stores do not update prices continuously like trading days during the week. However, many customers said they still decided to buy because they are worried that gold prices may increase when the market reopens at the beginning of next week.
In the context of the world geopolitical situation still being tense, many people believe that gold prices are likely to continue to rise, so they should take advantage of buying early to avoid the risk of further price increases.
Mr. Nguyen Van Dung (Van Mieu - Hanoi) said that he came to buy gold jewelry as a gift to celebrate a relative's wedding. "I see the atmosphere very bustling, much more crowded than usual. However, I buy jewelry so I don't have to wait as long as customers buying gold rings. Staff support quite quickly" - Mr. Dung said.
A store employee said that the unit has increased personnel and arranged more vending machines to support customers. However, during peak hours, especially in the morning, the number of customers gathering at the same time makes transactions overloaded.
According to observations, the demand for buying gold for hoarding still accounts for a large proportion of the total number of transactions in the day. Many customers choose to buy 1-2 chi or 1 tael of gold rings. Meanwhile, the group of customers buying jewelry mainly serves wedding, gift or gift needs.
Domestic gold prices have recently maintained high levels, reflecting the complex developments of the world market and investors' psychology of seeking shelter.
Although the demand for buying gold is at a high level, people need to be cautious when depositing money in high price zones. Currently, the difference between buying and selling prices is listed by businesses at a fairly large level, posing a risk of losses, especially when prices reverse in the short term.
In the context of the market fluctuating strongly according to international factors, people should carefully consider their actual needs and financial capacity, avoiding the psychology of following the crowd (FOMO) leading to uncalculated investment decisions.
