At the end of the recent trading session, the domestic gold market continued to decrease in price. Today (June 3), plain round gold rings and domestic gold bars decreased by another 500,000 VND/tael. Compared to the same time last month, gold prices decreased by 9 million VND/tael in both buying and selling directions.
At gold and silver business stores on Cau Giay street (Hanoi), the scene of people bustlingly buying is bustling again. According to information released from stores on Cau Giay street, the quantity of plain round gold rings bought and sold today is based on the actual quantity of goods and returned gold directly. However, as of 10:10 am, the store only had 0.5 taels and 1 tael of gold sold, no other quantities were left.
Coming to the transaction store this morning, Mr. Vu Dinh Tung (Nghia Do ward, Hanoi) - shared: "Today I had to queue, when the store had not yet opened for sale, there were about 20 people waiting outside. I went in for about 30 minutes and the transaction was completed. Still having to wait but not too crowded, now I bought about 2 taels of gold to accumulate because the store was still there at that time.
Meanwhile, Mr. Nguyen Tien Hung (Ha Dong ward, Hanoi) - a buyer - said: "I planned to buy about 1 tael of plain round gold rings, but the store announced that there were only 0.5 taels and 1 tael of gold left. I had to call my family to come and buy together so that each person could buy 0.5 taels, saving the effort of traveling about 8 km to buy half a tael of gold".
According to reporters' records, people come to gold and silver shops mainly to buy plain round gold rings. The number of people coming to sell to take profits is sparse, mostly based on personal needs.
Besides the number of people buying, jewelry items have attracted a lot of attention recently. Ms. Bui Thu Phuong (Cau Giay ward, Hanoi) and her husband chose jewelry items - said: "I bought both plain round gold rings and jewelry, seeing beautiful earrings and a price of about 30 million VND, I am also considering it. As someone who likes to collect and wear jewelry, I buy more, not to give or as gifts.
Gold price update
As of 11:30 am on June 3, SJC gold bar prices were listed at 154 - 157 million VND/tael (buying - selling), down 500,000 VND/tael compared to the previous closing session.
Bao Tin Minh Chau listed SJC gold bar prices at 154 - 157 million VND/tael (buying - selling), simultaneously down 500,000 VND/tael.
At the same time as the survey, the price of SJC plain round gold rings tended to decrease, listed at the threshold of 153.8 - 156.8 million VND/tael (buying - selling).
Bao Tin Minh Chau listed gold ring prices equal to gold bar prices, currently at 154 - 157 million VND/tael (buying - selling), down 500,000 VND/tael.
On the world market, as of 11:30 AM on June 3rd (Vietnam time), world gold prices had a downward adjustment, listed around the threshold of 4,478.2 USD/ounce, down 8.9 USD.
