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

Recorded by Lao Dong reporters on January 20, the price of plain round gold rings in the country 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 Huu Manh (Vinh Thanh commune, Hanoi) - a customer coming to buy gold rings at a gold business store on Tran Nhan Tong street, Hanoi - said: "This is the second time I have gone to buy gold. Every time I come, the store is crowded. However, last month, I queued for 30 minutes and bought it. Today, I waited almost 1 hour before being allowed to trade. Currently, the store announces that if customers buy less than 1 tael of gold, they will be refunded immediately, if they buy more, they need to wait 10 days".

Mr. Manh added that in the coming time, if he had the conditions, he would maintain buying 1 chi of gold rings per month.

Also present at the gold shop on Tran Nhan Tong street, Ms. Do Thuy Linh (Bach Mai ward, Hanoi) said that she had just bought 3 taels of gold after queuing.

According to Ms. Linh, in recent days, buying gold has faced many difficulties due to increased demand while the supply for sale is still limited. Many stores limit the quantity of gold rings and do not have gold bars.

Today, the store sells a maximum of 5 taels of gold rings for each customer, 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 10 days" - Ms. Linh 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 reporter, Ms. Bui Thu Nga (Dong Da ward, Hanoi) said that she is considering whether to continue holding or take profits from gold.

Ms. Nga shared that she bought a quantity of gold from mid-2025, when the price was about 116 million VND/tael. Although her relatives advised her to sell it, she said that she had not yet made a decision. "At the store, I saw a lot of customers coming to buy, almost no sellers, which made me even more hesitant" - she said.

Gold price update

As of 10:40 am, SJC gold bar prices were listed by DOJI Group at the threshold of 163-165 million VND/tael (buying - selling), going sideways in both directions. The difference between buying and selling prices is at the threshold of 2 million VND/tael.

SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 163-165 million VND/tael (buying - selling), going sideways in both directions. The difference between buying and selling prices is at the threshold of 2 million VND/tael.

At the same time, DOJI Group listed the price of gold rings at 160-163 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 the threshold of 162-165 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

At 9:45 am, world gold prices were listed around the threshold of 4,672.3 USD/ounce, up 14.1 USD compared to the previous day.