On May 21, in the Cau Giay street area (Hanoi), the gold market recorded different developments compared to previous peak weeks. Domestic gold prices increased again following the general trend of the international market, while at stores, there was no longer a scene of people queuing in long lines, jostling to wait for their turn to buy like the period of strong fluctuations before.
Sharing with reporters, Ms. Nguyen Thi Huong (resident in Nghia Do ward) said that she just bought 5 taels of gold rings for the purpose of saving assets. According to her, compared to before, buying and selling is now easier and there is no longer a local scarcity situation.
The store has a notice that it sells according to the actual amount of gold in the day. I have a need to buy 5 chi, so I still registered and bought the correct quantity I needed. No need to wait too long or worry about running out of stock like the previous time" - Ms. Huong said.
She also said that the rebound in gold prices has made buyers' psychology somewhat cautious, and many people no longer flock to buy like when the market fluctuated strongly. This contributes to making transactions at stores more stable.
Also coming to buy gold at a store on Cau Giay street, Mr. Do Le Minh (Cau Giay ward, Hanoi) assessed that the experience of buying gold on May 21 was significantly more convenient than the previous month.
Last month when I came to buy, I had to wait quite a long time, sometimes there were many people standing crowded throughout the counter area. But today it's different, transactions are much faster. When I come, I am guided to enter the counter immediately, without having to queue for a long time" - Mr. Minh said.
He added that he had just bought 3 taels of plain round gold rings and was returned immediately.
Gold price update
As of 11:10 am, SJC gold bar prices were listed by DOJI Group at 160.5-163.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both buying and selling directions compared to yesterday morning (May 20).
Bao Tin Minh Chau listed the price of SJC gold bars at 160.5-163.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions compared to yesterday morning.
At the same time, DOJI Group listed the price of gold rings at 160.5-163.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both buying and selling directions compared to yesterday morning.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 160.3-133.3 million VND/tael (buying - selling), an increase of 1.3 million VND/tael in both buying and selling directions compared to yesterday morning.
At 9:30 am, world gold prices were listed around the threshold of 4,540.7 USD/ounce, up 83.9 USD compared to the previous day.
See more news related to gold prices HERE...
