Lao Dong reporter's record on January 31 shows that the situation of people queuing in long lines at gold shops to buy gold still occurs continuously.
However, buying gold rings at this time still faces many difficulties. Many people have to come early and queue for a long time because stores limit the quantity of gold rings sold each day, even many places temporarily stop selling. Meanwhile, most gold shops do not sell gold bars.
Ms. Do Thu Ha (Yen Hoa ward) - a customer who came to buy gold at a gold and silver business store on Cau Giay street (Hanoi) - said that recently, many days the store only sells gold in limited quantities. "At times, buyers have to queue in long lines from outside the store, but today when I returned, the store did not sell, although the number of customers coming to ask to buy is still quite large" - Ms. Ha shared.
Ms. Ha added that the gold brands she chooses to buy are not sold at all establishments, so she has to go home, and will return another day.
Mr. Ngo Van Tung (Hoan Kiem ward, Hanoi) said that last month he bought 1 tael of gold rings at a store on Cau Giay street and today continued to return to wait to buy.
Faced with the trend of constantly fluctuating gold prices, Mr. Tung said that every time he saves a sum of money, he spends it on buying gold.
Recently, many stores have not sold gold bars, so I chose gold rings. However, depending on the time they just open for sale. Sometimes they limit selling 1-2 chi of rings, sometimes they announce a post-payment appointment. Today, the store announced that it will not open for sale.
I am planning to buy 1 tael of gold rings, hoping that next week they will open for sale" - Mr. Tung said.
Gold price update
As of 1:35 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 169-172 million VND/tael (buying - selling), down 9.6 million VND/tael in both buying and selling directions compared to yesterday morning. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 169-172 million VND/tael (buying - selling), down 9.6 million VND/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
At the same time, DOJI Group listed the price of gold rings at 168.5-171.5 million VND/tael (buying - selling), down 10.1 million VND/tael in both directions compared to the previous day. The buying - selling difference is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 169-172 million VND/tael (buying - selling), down 9.6 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.
At 11:05 AM, world gold prices were listed around the threshold of 4,889.4 USD/ounce, a sharp decrease of 324.9 USD compared to the previous day.
The sharp decline of the international market is creating great pressure on domestic gold prices and is likely to pull the price level down further in the near future.
People should not follow the psychology of crowds when gold prices fluctuate strongly, especially in the context that the buying - selling price difference is still high.
See more news related to gold prices HERE...
