Gold prices continue to rise, people line up to buy, people hesitate to take profits

According to Lao Dong reporters' records on December 27, the price of plain round gold rings and domestic gold bars increased sharply.

At some gold shops on Tran Nhan Tong street (Hanoi), the demand for buying gold rings from people is increasing. Gold shops are bustling with people waiting for transactions.

Mr. Nguyen Van Phong (Dong Anh commune, Hanoi) - a customer who came to buy gold rings at a gold business store on Tran Nhan Tong street, Hanoi - said:

This is the first time I went to buy gold. I saw people queuing quite long but the transaction was also quite quick. This store sells even silver, the number of silver buyers is even larger. I queued for 30 minutes and just bought 1 tael of gold.

Mr. Phong added that in the coming time, if he has the conditions, he will maintain buying 1 chi of gold rings per month.

Also present at the gold shop on Tran Nhan Tong street, Ms. Pham Mai Huong (Hai Ba Trung ward, Hanoi) said that she had just bought 2 taels of gold after queuing.

According to Ms. Huong, in recent days, buying gold has faced many difficulties due to increased demand while the supply for sale is still limited.

Today the store does not limit the quantity sold, but the return depends on the number of customers ordering. For transactions from 1 tael or less, customers receive gold immediately, and if they buy more, they have to wait until January next year" - Ms. Huong shared.

While many people are waiting to buy, many people are hesitating to sell to take profits when gold prices rise.

Sharing with Lao Dong reporters, Mr. Do Van Huan (Bach Mai ward, Hanoi) said that he is hesitant between keeping or selling gold.

I bought a few taels of gold from the beginning of 2025, relatives advised me to sell, but I am still hesitant. At this store, the number of customers queuing to buy is very large, almost no one sells, making me even more hesitant" - Mr. Huan expressed.

Gold price update

As of 11:15 am, SJC gold bar prices were listed by DOJI Group at the threshold of 157.7-159.7 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at the threshold of 2 million VND/tael.

Bao Tin Minh Chau listed SJC gold bar prices at 157.7-159.7 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at 2 million VND/tael.

At the same time, DOJI Group listed the price of gold rings at the threshold of 154-157 million VND/tael (buying - selling), going sideways in both directions. The buying - selling difference is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 156.7-159.7 million VND/tael (buying - selling), an increase of 900,000 VND/tael in both directions compared to yesterday morning. The buying - selling difference is at 3 million VND/tael.

At 11:45 am, world gold prices were listed around the threshold of 4,533 USD/ounce, up 26.1 USD compared to the previous day.

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