Gold market reduces jostling, people buy and sell cautiously

No longer crowded like the volatile sessions, the gold market on the morning of September 8 in Hanoi was not too bustling. Reporters' records show that the number of customers was not too large, mainly coming to trade quickly and could receive gold immediately after completing procedures.

Buying each part instead of spending money once

At a gold shop on Tran Nhan Tong street (Hanoi), Mr. Tran Van Hung (Hai Ba Trung ward) said that he had just received his September salary, so he deducted a part of his income to buy 1 chi of gold rings. The transaction took place quickly, he received gold immediately after completing the payment.

I just got my salary, so I saved a small amount to buy 1 tael of gold, considering it as savings. I don't buy much because I still have to spend money during the month" - Mr. Hung said.

According to Mr. Hung, buying gold is not decided according to price movements during the day, but it is his way of maintaining the habit of accumulation.

If the price is high, I will consider it, but if I wait for the price to decrease every month before buying, I may not be able to buy it. I just save a fixed amount, when I have enough, I buy 1 chi" - he shared.

Mr. Hung said that after buying, he still has his salary to cover other expenses in the month. "Buying little but evenly, I find it more suitable for my ability" - he said.

Customers cautiously buy and sell before high price zones

Meanwhile, Ms. Ngo Thi Minh (Hoan Kiem ward) said that she initially planned to go to the store to buy 5 taels of gold. However, after consulting the price, she decided to reduce the purchase amount to 3 taels.

I still want to buy gold to accumulate, but the current price is quite high, so I have to consider it. Instead of buying 5 chi as initially planned, I bought 3 chi first, and kept the money so that if the price adjusts, I can buy more" - Ms. Minh said.

According to Ms. Minh, in the context of fluctuating gold prices, buying parts helps me to be more proactive. "If the price increases, I still have gold, and if the price decreases, I still have money to buy more" - she shared.

In the opposite direction, Ms. Vu Thi Huong (Bach Mai ward, Hanoi) said that her family has accumulated 2 taels of gold since 2024. The high gold price made her consider selling. After calculating, she decided to sell 1 tael and keep 1 tael as a savings.

I also thought for quite a long time before deciding to sell. The price is high, so I sell 1 tael to have more money to handle personal matters, but selling it all, I don't want to, because this is still a family savings" - Ms. Huong said.

According to Ms. Huong, the decision to sell half of the gold she has helps her both solve immediate financial needs and retain part of her assets in case gold prices continue to increase.

Gold price update

As of 11:30 am, Phu Quy listed SJC gold bar prices at the threshold of 144.1 - 147.1 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions compared to yesterday morning.

SJC gold bar price was listed by DOJI at the threshold of 144.1 - 147.1 million VND/tael (buying - selling), an increase of 100,000 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 145.2-149.2 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions compared to yesterday morning.

At 9:23 am, world gold prices were listed around the threshold of 4,427.9 USD/ounce, up 14.3 USD.