Gold prices continue to decrease, people anxiously buy and sell

Phương Anh | 24/03/2025 12:33

On March 24, domestic gold prices continued to decline. In Hanoi, while many people decided to buy, others were anxiously selling.

Recorded by Lao Dong reporter at 9:50 a.m. on March 24, the price of plain round gold rings and domestic gold bars decreased sharply.

At some gold shops on Tran Nhan Tong Street (Hanoi), people's demand for gold rings is increasing. Many people are willing to wait for hours to buy gold rings.

Sang 24.3, nhieu nguoi den cua hang vang bac da quy tai Ha Noi de mua vang nhan. Anh: Phuong Anh — On the morning of March 24, many people came to a jewelry store in Hanoi to buy gold rings. Photo: Phuong Anh

Mr. Bui Van Hoang (Hoan Kiem District, Hanoi) - a customer waiting to buy gold rings - shared: "I have been queuing since 8:30 with everyone, but it is not my turn to trade.

The employee informed that each person was allowed to buy a maximum of 4 taels of gold. However, many times, because of too many customers, at noon they reduce the amount of gold sold. For example, you can buy 2 taels in the morning, but at noon there is only 1 tael left. I don't know if there is such a situation today".

Gia vang sut giam, nhieu nguoi cho mua vao, nhieu nguoi tan dung co hoi de ban ra chot loi. Anh: Phuong Anh — Gold prices have dropped, many people are waiting to buy, many people take advantage of the opportunity to sell to make a profit. Photo: Phuong Anh

While many people are lining up to buy gold, many people are hesitant when deciding to sell.

Ms. Pham Thi Nga (Dong Da District, Hanoi) - a customer coming to a gold shop on Tran Nhan Tong Street - said: "Recently, gold prices have been fluctuating continuously. Last week, the price exceeded 100 million VND/tael, today it decreased to more than 98 million VND/tael.

At that time, I bought gold at nearly 80 million VND/tael, I was afraid that it would decrease in a few days, so today I decided to sell it for profit".

Mr. Ngo Tuan Thanh (Hoan Kiem District, Hanoi) is wondering whether he should sell gold rings when the current price is decreasing or not.

"I went to the gold shop early, although the price is going down, many people still decide to buy. I am also thinking about selling because I can earn a profit, but I really don't need cash right now. Maybe I will wait and see how gold prices continue to fluctuate" - Mr. Thanh shared.

Gold price update

As of 11:30 on March 24, the price of SJC gold bars was listed by DOJI Group at VND94.4-97.4 million/tael (buy in - sell out). The difference between buying and selling prices is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of SJC gold bars at VND94.8-97.4 million/tael (buy in - sell out). The difference between buying and selling prices is at 2.6 million VND/tael.

At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 95.5-98.2 million VND/tael (buy - sell); down 100,000 VND/tael for buying and unchanged for selling compared to early this morning.

Bao Tin Minh Chau listed the price of gold rings at 95.8-98.5 million VND/tael (buy - sell); down 300,000 VND/tael for buying and down 100,000 VND/tael for selling compared to early this morning.

As of 11:50 on March 24, the world gold price listed on Kitco was at 3,018.2 USD/ounce.