At the end of the recent trading session, the domestic gold market continued to decrease in price. Today (May 27), plain round gold rings and domestic gold bars decreased by another 800,000 VND/tael. Compared to the same time last month, gold prices have decreased by about 8.1 - 8.6 million VND/tael in both directions.
At gold and silver business stores on Cau Giay street (Hanoi), the number of people coming to buy is bustling again. According to information released from stores on Cau Giay street, the amount of plain round gold rings bought and sold today is based on actual quantity and gold is returned directly.
Queuing to wait for transactions this morning, Ms. Lai Trang Nhung (Yen Hoa ward, Hanoi) shared: "The weather is hot, so I went early, about 30 minutes after opening for sale. The number of people going to buy is not too large, still have to wait but the transactions are stable. The store announced that it will sell a maximum of 5 taels of plain round gold rings this morning.
According to Ms. Nhung, gold prices have decreased, so the number of people buying is main, few people choose this time to sell to take profits.
Similarly, Mr. Nguyen Le Duy (Ha Dong ward, Hanoi) - a buyer - said: "Today I conveniently went to the Cau Giay area, so I turned in to buy more assets. When I went in, the number of people waiting was 10-20 people inside the store. I also only bought about 2 taels of plain round gold rings, the price continued to fluctuate, so I did not buy in large quantities".
Besides the number of people buying, jewelry items attract the attention of many people. Compact designs, suitable for daily wear such as rings, bracelets, earrings are of interest to many female customers. Ms. Do Minh Ha (Tay Ho ward, Hanoi) wondered about many products with pleasing appearances - sharing: "Normally I only buy plain round gold rings, but after many times of buying, I find jewelry items quite attractive. Today I returned to ask about some products such as bracelets, earrings, but the price is quite high".
For Ms. Ha, buying jewelry gold is mainly to serve beauty needs or as gifts on important occasions. However, the high gold price makes her have to consider carefully before spending money.
There are bracelets and necklaces with very beautiful designs, but including the cost of crafting, the price has increased quite a lot. I like them but still have to hesitate because buying jewelry will be more difficult to resell than plain round gold rings" - Ms. Ha added.
Gold price update
As of 10:50 am on May 27, SJC gold bar prices were listed at 157.7 - 160.7 million VND/tael (buying - selling), down 800,000 VND/tael compared to the closing session yesterday.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 157.7 - 160.7 million VND/tael (buying - selling), simultaneously decreasing by 800,000 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 157.2 - 160.2 million VND/tael (buying - selling).
Bao Tin Minh Chau listed the price of gold rings equal to the price of gold bars, currently at 157.7 - 160.7 million VND/tael (buying - selling).
On the world market, as of 10:50 AM on May 27 (Vietnam time), world gold prices had a downward adjustment, listed around the threshold of 4,503.5 USD/ounce, down 2.9 USD.
