At the end of the recent trading session, the domestic gold market continued the upward trend. This morning (April 15), plain round gold rings and domestic gold bars continued to increase in price. At gold business stores on Cau Giay street (Hanoi), instead of waiting to buy, the scene of sitting and waiting to sell to take profits is taking place vibrantly.
According to information released from the store, the quantity of plain round gold rings sold today is unlimited. The store will pay gold according to customer needs.
In this morning's trading session, the expanded facility of this gold shop closed due to a sharp decrease in the number of buyers. Customers who need to buy were directed to the main store.
As one of the few customers who came to buy this morning, Ms. L.K. H (Tay Ho ward, Hanoi) said: "Today I came quite surprised, normally customers wait by the expanded facility to buy, now the number of customers is not too large, so they can almost buy right away. I also have no plans to buy, but I have something to use, so I bought 2 chi of plain round gold rings.
Ms. H added that by about 10 am, the store was almost only left with people in need of selling.
Meanwhile, customers who came to sell to take profits like Mr. P.C. T (Cau Giay ward, Hanoi) had to write a receipt and receive a serial number. Mr. T shared: "I intend to sell about 6 pieces of plain round gold rings, the number of customers coming to sell today has increased, so the waiting time is quite long. Besides selling at the store, I also advertise for sale on groups, forums or acquaintances. When it's my turn to transact, how many pieces of gold I will sell.
Similarly, Ms. N.V.K (Lang ward, Hanoi) - who ranked the number 85 selling this morning - said: "At about 10:54 am, the store called the number 75. After about 10 minutes, the store called the number 76-80 but some customers left. Therefore, my transactions were faster than expected".
Faced with the continuous fluctuation of gold prices and the widespread psychology of profit-taking when gold prices increase, experts recommend that people be cautious when participating in transactions to avoid unnecessary risks.
Buying in the "pick" mentality or selling out in the crowd may cause investors to suffer losses if prices suddenly adjust. At the same time, experts also recommend that people should only use idle money to invest in gold, avoid borrowing or using financial leverage in the context that the market still has many unpredictable fluctuations.
Gold price update
As of 12:08 PM on April 15, SJC gold bar prices were listed at 171.5-174.5 million VND/tael (buying - selling), an increase of 1 million VND/tael on the buying side and 1.5 million VND/tael on the selling side.
Bao Tin Minh Chau listed SJC gold bar prices at 171-174.5 million VND/tael (buying - selling), increasing by 1 million VND/tael and 1.5 million VND/tael respectively in both directions.
Bao Tin Minh Chau listed the price of gold rings equal to the price of gold bars, anchored at the threshold of 171-174 million VND/tael (buying - selling).
On the world market, as of 12:11 PM on April 15 (Vietnam time), world gold prices had a downward trend, listed around the threshold of 4, 824.4 USD/ounce, down 15.5 USD.
