Gold rings attract customers, stores are crowded with people waiting to buy

Phương Anh - Hạ Linh |

On the May 1st holiday, domestic gold prices were stable. In Hanoi, many people took the opportunity to go to gold shops, ready to wait to buy gold.

During the May 1 holiday, reporters' records at some gold shops on Cau Giay street (Hanoi) showed that the number of customers coming to transact remained quite large. Most people chose to buy plain round gold rings.

According to observations, although the number of customers entering and leaving is continuous, the atmosphere at the stores is still relatively orderly. People line up to wait for their turn to transact, the average waiting time is about 45 minutes. After their turn, customers can buy and sell and receive gold on the same day.

Tấp nập người dân vào giao dịch vàng nhẫn tại một tiệm vàng trên đường Cầu Giấy (Hà Nội) trong ngày nghỉ lễ. Ảnh: Phương Anh
Bustling people trading gold rings at a gold shop on Cau Giay street (Hanoi) during the holiday. Photo: Phuong Anh

Sharing with reporters, Ms. Nguyen Thi Mai Hang (Cau Giay ward, Hanoi) said that she took advantage of her day off to buy gold in small quantities.

I bought 1.5 taels of gold rings. One tael of 1 tael and one tael of 0.5 taels. Mainly to save gradually as a savings. I don't buy a lot at once but divide it into smaller portions, when I have extra money, I buy more" - she said.

According to Ms. Hang, buying gold at this time does not stem from expectations of strong price increases but is proactive in managing personal finances.

Mr. Tran Van Tuan (Nghia Do ward) was also present at the gold shop during the holidays. After about 40 - 50 minutes of waiting, he completed the transaction to buy 2 taels of plain round gold rings. "I choose gold rings because they are easy to buy and easy to sell when needed. Each time I only buy a little, considering it as gradual savings, not putting money into one go," he said.

Mr. Tuan added that choosing to buy gold on holidays is mainly due to convenience in terms of time. "In normal days, I am busy so I cannot go. Today it is more crowded than usual but still within acceptable levels, waiting for a while and it will be my turn" - he said.

Khách hàng xếp hàng chờ đến lượt giao dịch vàng. Ảnh: Hạ Linh
Customers line up waiting for their turn to trade gold. Photo: Ha Linh

Recorded further at Tran Nhan Tong street (Hai Ba Trung ward), Ms. Nguyen Thi Phuong Mai (Hoan Kiem ward, Hanoi) said that her purpose of buying gold is related to personal needs in the coming time. "I just bought 1 chi of gold rings and was returned immediately, mainly to prepare for some upcoming family matters. Today I have time so I went to buy it right away" - she shared.

According to Ms. Mai, transactions at the store took place quite smoothly despite the large number of customers. "I had to wait about 45 minutes, but when it was my turn, I completed the procedures quickly, and there was gold immediately, so I didn't feel too inconvenient" - she said.

Gold price update

As of 12:10 PM, SJC gold bar prices were listed by DOJI Group at 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

SJC gold bar price was listed by Bao Tin Minh Chau at 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions.

At the same time, Bao Tin Minh Chau listed the price of gold rings at 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Gold ring price movements in recent trading sessions. Chart: Khuong Duy

Phu Quy Gold and Gems Group listed the price of gold rings at 162.5-165.5 million VND/tael (buying - selling), unchanged in both buying and selling directions.

At 12:10 PM, world gold prices were listed around 4,613.3 USD/ounce.

See more news related to gold prices HERE...

Phương Anh - Hạ Linh
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