Domestic gold prices plummet, many people take advantage of buying in

On April 9, Lao Dong reporters' records in the Cau Giay street and Tran Nhan Tong street area (Hai Ba Trung ward, Hanoi) showed that the atmosphere of buying and selling gold rings was more bustling than usual. Many people took the opportunity to visit gold shops, sharing the reason for buying plain round gold rings when prices are adjusting down.

At a gold business store on Cau Giay street (Hanoi), Ms. Ngo Hong Hanh (42 years old, Nghia Do ward), shared that she bought 1 chi of gold rings last week, now that the price has decreased, she continues to buy again.

Last Friday I bought 1 chi of gold rings, and was paid immediately at 17.2 million VND/chi. Today I saw that the ring price was a bit cheaper, I bought 2 chi more. Buying at this time is both reasonable and enough for the family's needs" - Ms. Hanh said.

Present at a gold shop on Tran Nhan Tong street, Mr. Pham Bao Trung (Hoan Kiem ward, Hanoi) said that he had just bought 1.5 taels of gold rings, divided into 3 parts, each part 0.5 taels.

Mr. Trung said: "I often follow gold ring prices. When I see plain round rings decreasing in price, I buy a little to make savings. I don't think much about whether the price will increase or decrease, I only buy when I see it fits my ability. If I buy more, the store will promise to pay later, but I bought 1.5 chi, so I got paid immediately".

He also shared that buying plain round rings is quite quick and convenient, without spending time choosing styles or designs.

Ms. Nguyen Thi Nhu (62 years old, Bach Mai ward) also stopped by Tran Nhan Tong street to buy a plain round ring. She chose a 0.5 chi type, suitable for her savings. Ms. Nhu shared: "Today I bought 0.5 chi of gold rings. The gold price decreased slightly compared to the previous time, I found it reasonable and bought it right away. I buy it to save, when I need something, I use it, not to buy for sale".

Gold price update

As of 12:50 PM, SJC gold bar prices were listed by DOJI Group at 167.5-171.5 million VND/tael (buying - selling), down 6.5 million VND/tael on the buying side and down 5.5 million VND/tael on the selling side compared to yesterday morning.

SJC gold bar price was listed by Bao Tin Minh Chau at 167.5-171.5 million VND/tael (buying - selling), down 6.5 million VND/tael on the buying side and down 5.5 million VND/tael on the selling side compared to yesterday morning.

At the same time, DOJI Group listed the price of gold rings at 167.5-171.5 million VND/tael (buying - selling), down 6.5 million VND/tael on the buying side and down 5.5 million VND/tael on the selling side compared to yesterday morning.

Bao Tin Minh Chau listed the price of gold rings at 167.5-171.5 million VND/tael (buying - selling), down 5.5 million VND/tael on the buying side and down 4.5 million VND/tael on the selling side compared to yesterday morning.