After two days of uncostified weekends, today, domestic round plain gold rings and gold bar prices reversed to increase at some brands.
At gold business stores on Cau Giay street, Hanoi, the scene of customers in need of buying is clear, no longer the scene of jostling and waiting for many hours.
According to information from stores, the quantity of plain round gold rings sold this morning is unlimited. Customers can buy and sell according to actual needs.
Instead of continuing to buy plain round gold rings, Ms. Do Nhat Linh (Nghia Do ward, Hanoi) said: "Today I came to the store to sell, not to buy. The time I bought was at the end of last year when the price of plain round gold rings was only about 9 million VND/chi. Now selling, I make a profit of about 4.8 million VND/chi".
Ms. Linh added that she decided to sell part of her gold accumulation to switch investment channels.
Over the past time, gold prices have fluctuated, I only accumulate to save for personal expenses when I need something or save for my children, without in-depth knowledge. I decided to sell to take profits to switch to depositing savings at the bank," Ms. Linh shared.
Just a few minutes after the transaction, Ms. Nguyen Thu Van (Lang ward, Hanoi) shared: "I only sell when there is profit, weighing and weighing each time to generate profit. The price today has slightly increased, so I brought about 5 taels of plain round gold rings to sell".
For many middle-aged or elderly people, traditional accumulation channels such as depositing or buying gold are still prioritized.
Mr. Nguyen Thien (60 years old, Hanoi) also chose to deposit savings at the bank to generate profits for his children and grandchildren.
I have about 2 billion VND accumulated for my daughter. I deposited savings at the bank for a term of 36 months with an interest rate of 6.2%/year, receiving interest periodically by month. I get about 10.3 million VND in periodic interest, and the total interest is estimated at more than 370 million VND," Mr. Thien said.
According to Mr. Thien, accumulating assets has been a habit for many years. For him, the ultimate goal is not risky investment but to create a stable and economical financial source for his children and grandchildren.
Gold price update
As of 12:00 on August 3, SJC gold bar prices were listed at 137.5 - 141.5 million VND/tael (buying - selling), simultaneously increasing by 500,000 VND/tael.
Bao Tin Minh Chau listed the price of SJC gold bars at 137.5 - 141.5 million VND/tael (buying - selling), both increasing by 500,000 VND/tael.
At the same time as the survey, the price of SJC plain round gold rings tended to increase, listed at 137 - 141 million VND/tael (buying - selling), an increase of 500,000 VND/tael.
Bao Tin Minh Chau listed the price of gold rings equal to the price of brand gold bars, currently at the threshold of 138.3 - 142.3 million VND/tael (buying - selling), a difference of 4 million VND/tael.
On the world market, as of 12:00 on August 3 (Vietnam time), world gold prices increased again, listed around the threshold of 4,062.8 USD/ounce, up 21.9 USD.
