Recorded by Lao Dong reporter today (May 18), domestic gold bar and plain ring prices have decreased sharply, many people continue to choose to go to gold shops to wait to buy.
However, buying gold rings at this time is still difficult. Many people had to queue up early to buy because the stores controlled the number of rings sold.
Queuing since the gold shop on Tran Nhan Tong Street (Hanoi) has not opened yet to wait to buy gold rings, Ms. Dao Thi Phuong (Hoan Kiem District, Hanoi) shared: "The domestic gold price is decreasing compared to a few days ago. Although I arrived early, I still haven't had my turn to buy because there are many people lining up in front. The number of gold rings sold by the store is not much, today each person is allowed to buy 2 taels".
Ms. Phuong shared that if she cannot buy it today, she will continue to queue tomorrow.
Similar to Ms. Phuong, Mr. Bui Xuan Manh (Dong Da District, Hanoi) waited in line early but still could not buy any gold rings.
"It was almost noon but a long line of people were still lining up. I planned to come back in the afternoon but I didn't know if they would sell them or not. The staff here do not announce the ring selling time in advance" - Mr. Manh said.
Meanwhile, Ms. Nguyen Quynh Anh (Hoan Kiem District) - a customer who also wants to buy gold rings - shared: "This morning, the store staff announced that each person can buy a maximum of 2 taels. Because they sold too little, not enough to meet my needs, I had to leave. A long line of people are still lining up in front, not knowing when it will be their turn to trade".
According to Ms. Quynh Anh, this is not the first time she has lined up to buy gold. Before that, she had come many times but still could not buy gold rings.
Gold price update
As of 11:00 on May 18, the price of SJC gold bars was listed by DOJI Group at VND115.5 - 118.5 million/tael (buy - sell).
Bao Tin Minh Chau listed the price of SJC gold bars at 115.5 - 118.5 million VND/tael (buy - sell).
At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 111-114 million VND/tael (buy in - sell out);
Phu Quy Gold and Stone Group listed the price of gold rings at 111.8 - 114.8 million VND/tael (buy - sell).
Bao Tin Minh Chau listed the price of gold rings at 114 - 117 million VND/tael (buy - sell).
As of 11:02 a.m. on May 18 (Vietnam time), the world gold price listed on Kitco was at 3,204 USD/ounce.
See more news related to gold prices HERE...
