Gold prices continuously adjusting down in recent days have made the trading atmosphere in the "gold streets" of Hanoi become bustling. Recorded by Lao Dong reporters on March 19, in the Tran Nhan Tong street area and some large stores on Cau Giay street, from early morning, scenes of people queuing to buy appeared.
Sharing with reporters, many people said they were present early to take advantage of buying when prices decreased.
At a gold shop on Cau Giay street, Ms. Do Thu Ha (35 years old, Nghia Do ward) said that her family is about to have business, so she needs to prepare gold, so she has been following prices quite closely in recent days. "Actually, I intended to buy it before, but the price was too high, so I hesitated. These days, seeing the price drop significantly, I decided to buy it right away to be ready for family matters. Buying now helps save a significant amount compared to before" - she said.
According to Ms. Ha, having to queue for quite a long time is something that has been foreseen. "I arrived early but still had to wait almost an hour for my turn, just bought 2 taels of gold rings. But many people came even later, so I think this crowded situation will continue if the price is still low" - Ms. Ha added.
Meanwhile, Ms. Tran Nguyen Mai Anh (27 years old, office worker) considers this a suitable time to buy into as savings. She said she has been monitoring the gold market in recent weeks and noticed that prices tend to adjust.
I have no intention of speculative investment, mainly buying to save. Seeing the price decrease compared to before, I took the opportunity to buy a little, as if to gradually save. For me, buying gold at a soft price will be more secure" - she said.
On Tran Nhan Tong street, Mr. Le Van Nam (Bach Mai ward) said that he had proactively "waited for prices" in advance and chose this time to spend money to buy gold.
According to Mr. Nam, buying gold rings at this time is no longer as easy as before. For many days, the store only sold in very limited quantities, even at times temporarily suspended transactions due to outage. "Previously, just going to the store could buy immediately, but now customers have to queue to wait for their turn, some people come very early and are still not sure to buy. I plan to buy 5 taels of gold rings and am queuing to wait for my turn to transact" - he said.
Gold price update
As of 11:00 AM, SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 175.4-178.4 million VND/tael (buying - selling), down 4.6 million VND/tael in both buying and selling directions compared to yesterday morning.
Phu Quy Jewelry Group listed SJC gold bar prices at 175.4-178.4 million VND/tael (buying - selling), down 4.6 million VND/tael in both buying and selling directions compared to yesterday morning.
At the same time, DOJI Group listed the price of gold rings at 175.4-178.4 million VND/tael (buying - selling), down 4.6 million VND/tael in both buying and selling directions compared to yesterday morning.
Bao Tin Minh Chau listed the price of gold rings at 175.4-178.4 million VND/tael (buying - selling), down 4.6 million VND/tael in both buying and selling directions compared to yesterday morning.
At 9:11 am, world gold prices were listed around the threshold of 4,846.9 USD/ounce, a sharp decrease of 159.5 USD compared to the previous day.
The sharp decline of the international market is affecting 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 is still maintained at a high level.
See more news related to gold prices HERE...
