Domestic gold prices remain at high levels, but records this morning (March 3) on Tran Nhan Tong and Mai Hac De streets (Hanoi) show that many people are still patiently queuing to transact at gold trading stores.
Most people who come to buy said that they know gold prices are high, but still decide to trade due to actual needs, mainly for weddings and savings.
Present on Tran Nhan Tong street, Ms. Phan Thu Huong (34 years old, from Ninh Binh, currently living in Hanoi) was present from early morning to buy gold to celebrate her relative's wedding. She admitted that she had considered carefully when monitoring gold prices in recent days. "The price is really high, I was also hesitant. But marriage cannot be pushed back" - she said.
According to Ms. Huong, before when she held a wedding, her family and relatives gave gold to this brand. Therefore, this time she decided to buy the same type to "go back and forth to complete the ceremony". "People have congratulated me like that, now I respond correspondingly, both sides are happy. Even if the price is high, I have to try" - she shared.
According to the announcement at the store, each customer can buy a maximum of 10 taels of gold rings and be returned immediately on the same day. Due to actual needs, Ms. Huong registered to buy 2 taels to celebrate her wedding. "I only bought the correct quantity that I had planned before, not buying more" - she said.
Sharing the same psychology, Mr. Ngo Trung Tuan (29 years old, Bach Mai ward, Hanoi) also lined up to buy gold to celebrate his best friend's wedding. He said that previously, at his wedding, this friend gave him 1 chi of gold rings as a gift. After that, he sold this gold to serve his business.
In recent days, following the high gold price increase, Mr. Tuan admitted that he was quite hesitant when deciding to buy it back. "I also planned to wait for the price to drop before buying, but the wedding date has been set, so I can't wait any longer" - he said.
After considering his financial capacity, he decided to buy 1 tael of gold, exactly the amount he had been congratulated on before. "The price is high, but I still try to buy enough 1 tael to reciprocate. That is a symbolic wedding gift, difficult to replace with cash" - Mr. Tuan shared.
Besides the group of customers buying gold for weddings, Ms. Do Thu Nga (Hai Ba Trung ward) said that she still maintains the habit of buying small amounts of gold according to her financial capacity. Each time, she chooses 0.1 chi type because it is suitable for the amount of money she can save monthly.
According to Ms. Nga, buying small portions helps to easily balance living expenses while still having savings. "I don't buy a lot at once, I buy as much as I have to be suitable," she said.
Gold price update
As of 10:30 am, SJC gold bar prices were listed by DOJI Group at the threshold of 186.4-189.4 million VND/tael (buying - selling), an increase of 800,000 VND/tael in both buying and selling directions compared to yesterday morning.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 186.4-189.6 million VND/tael (buying - selling), an increase of 800,000 VND/tael on the buying side and an increase of 1 million VND/tael on the selling side compared to yesterday morning.
At the same time, DOJI Group listed the price of gold rings at the threshold of 186.4-189.4 million VND/tael (buying - selling), an increase of 1 million VND/tael in both directions compared to the previous day.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 186.4-189.4 million VND/tael (buying - selling), an increase of 800,000 VND/tael in both buying and selling directions.
At 10:40 AM, world gold prices were listed around the threshold of 5,366.38 USD/ounce.
The strong upward momentum of the international market is creating momentum for domestic gold prices. People need to be cautious and avoid following the psychology of crowds when gold prices fluctuate strongly, especially in the context that the difference between buying and selling prices still remains high.
See more news related to gold prices HERE...
