Gold prices fall below 158 million VND/tael, some people take the opportunity to buy in

After many strong fluctuations, domestic gold prices in recent days have tended to adjust downwards. Records of reporters in Tran Nhan Tong street area (Hai Ba Trung ward, Hanoi) on June 2, show that gold trading activities are stable, no longer the scene of people queuing for a long time like previous price fevers.

This morning, at some gold trading stores on Tran Nhan Tong street, the number of customers coming to transact was moderate. People mainly came to buy gold rings in quantities suitable for storage needs or as gifts.

Unlike the time when gold prices continuously hit peaks, the trading area is quite open, customers do not have to wait long. Stores sell gold according to the needs of each customer and return goods immediately after completing payment procedures.

Ms. Nguyen Thi Huong (Hoan Kiem ward, Hanoi) said that she took advantage of the time when gold prices decreased compared to before to buy 3 chi of plain round gold rings. She chose a 2-chi bracelet and a 1-chi bracelet.

I monitor gold prices quite often. Seeing that the current price has decreased significantly compared to the peak period, I decided to buy a few more taels to save. I consider gold as a way to keep money for my family, instead of leaving money idle. My purpose is to save for the long term, not short-term investment" - Ms. Huong said.

According to Ms. Huong, transactions are now much more convenient than in previous months. At that time, customers have to get an order number and wait quite a long time for their turn to transact.

Also coming to transact this morning, Mr. Do Manh Nam (Bach Mai ward, Hanoi) said that he initially intended to buy gold bars. However, when he arrived at the store, he was informed by the staff that this item was not available, so he switched to buying gold rings.

I want to buy gold bars, but the store announced that there are currently no goods available. Because I have prepared the money, I decided to buy 3 taels of gold rings at a price of 15.75 million VND/tael. I mainly buy them for later, so I don't put too much emphasis on buying the right type of gold as initially planned" - Mr. Nam shared.

At the transaction counter area, many customers after coming to the store can receive gold immediately without having to wait until the next days like some times before. Store staff continuously guide customers to make transactions, no overload situation is recorded.

Gold price update

As of 11:30 am, SJC gold bar prices were listed by DOJI Group at the threshold of 154.5-157.5 million VND/tael (buying - selling), down 1.5 million VND/tael in both buying and selling directions compared to yesterday morning.

Bao Tin Minh Chau listed SJC gold bar prices at 154.5-157.5 million VND/tael (buying - selling), down 1.5 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 154.5-157.5 million VND/tael (buying - selling), down 1.5 million VND/tael in both buying and selling directions compared to yesterday morning.

Bao Tin Minh Chau listed the price of gold rings at 154.5-157.5 million VND/tael (buying - selling), down 1.5 million VND/tael in both buying and selling directions compared to yesterday morning.