Gold prices continue to rise, people jostle in line from 3:30 am to buy in

Hạ Linh |

On February 4th, domestic gold prices continuously increased. The store traded a maximum of 200 customers, many people who came later still stood waiting.

This morning, the price of plain round gold rings and domestic gold bars continued to have a sharp upward adjustment at most brands. At gold business stores on Cau Giay street, Hanoi, customers with buying needs still account for a large number.

Số lượng người mua vào vàng nhẫn tròn trơn áp đảo các mặt hàng khác, nhiều người dù đến trước giờ giao dịch 3 tiếng vẫn tiếp tục chờ.
Gold prices are constantly increasing, the number of people buying plain round gold rings overwhelms other items, many people still continue to wait even though they arrived 3 hours before the transaction time.
Mặc dù biển thông báo tạm hết hàng đã được treo, người dân vẫn xếp hàng dài chờ ngoài sảnh. Ảnh: Hạ Linh
Although the sign announcing temporary out of stock has been hung, people are still queuing in the lobby. Photo: Ha Linh

According to information released from the store, the maximum quantity of plain round gold rings sold is 1 tael of gold. If customers need to buy less than 5 taels of gold, they will be able to trade directly, the larger quantity will receive an appointment letter until February 7.

As of 9:54 am, the number of people who need to buy gold waiting indoors is still 100 customers. Although the store hangs a sign announcing temporary out of stock, outside the waiting hall there are still many people standing in line, spilling over to the other side's premises.

Many people think that waiting outside is a matter of luck because the store has finalized the number of 200 customers for this morning.

Ms. Vu Bao Linh (Tay Ho ward, Hanoi) - a customer who needs to buy in - shared: "The people standing outside have arrived from 6 am but are also not allowed to wait because the number inside the house is enough. Everyone in the house leaves from 4-5 am. I will wait until 11 am today if there is no latest notice, I will go home.

Ms. Xuan added that buying gold at this time is a difficult journey. Many people queue at this establishment because they are "holding gold" directly, other brands have to receive appointments up to 70 days.

As one of the lucky people who completed the transaction at 10 am this morning, Ms. Do Thi Phan (67 years old, Nghia Do ward) said: "I left at 5 am, when I arrived, I was waiting at the 5th row. Some people left at 3:30 am. Now buying gold is not like in the old days, just having money is enough to buy as much as you want. Many people today buy with a quantity of 1 tael of gold. I bought it and waited for my children to pick me up".

Sitting waiting with Ms. Phan after buying gold was Ms. Nguyen Thi Thom (64 years old, Cau Giay ward) - a customer who arrived very early - who said that the people standing outside the lobby were not queuing, if they were allowed to buy gold, they should be allowed to sit and wait inside with chairs.

Those who are waiting just stand like that to queue for the afternoon. Come back early tomorrow morning like us, maybe. It will be done by 5 am to about 10 am" - Ms. Thom said.

However, many people who arrived 30 minutes - 1 hour before the opening time for transactions turned around and left.

Một số người ra về vì không biết nếu xếp hàng mua vào buổi chiều, cửa hàng còn bán ra hay không. Ảnh: Hạ Linh
Some people left because they did not know if they lined up to buy in the afternoon, the store would still sell. Photo: Ha Linh

Gold price update

As of 11:10 AM on February 4th, SJC gold bar prices were listed at 177.2-180.2 million VND/tael (buying - selling), an increase of 3.7 million VND/tael.

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 177.2-180.2 million VND/tael (buying - selling), simultaneously increasing by 3.7 million VND/tael.

At the same time as the survey, SJC listed the price of plain round gold rings at 176.7-179.7 million VND/tael (buying - selling), both increasing by 5.2 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 177.2-180.2 million VND/tael (buying - selling), an increase of 6.7 million VND/tael in both directions compared to the same time yesterday morning.

On the world market, as of 11:17 am on February 4 (Vietnam time), world gold prices increased sharply, listed around the threshold of 5,071.9 USD/ounce, up to 126.1 USD.

Hạ Linh
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