At the end of the recent trading session, the domestic gold market continued the downward trend. This morning (April 22), plain round gold rings and domestic gold bars continued to decline. Compared to the same time last month, the price of gold bars and gold rings has decreased in the range of 500,000 - 1,000,000 VND/tael in both buying and selling directions.
At the gold business store on Cau Giay street (Hanoi), instead of the crowded scene at the waiting room for buying transactions, the gold shop today took place stably and smoothly.
According to information released from the store, the quantity of plain round gold rings sold today is unlimited. The store will pay gold according to customer needs.
As one of the customers who came to the gold shop to trade this morning, Ms. V.T. H (An Khanh commune, Hanoi) shared: "My house is far away, so on days when I see gold prices fall and there is demand, I spend time going to buy. Worried about being crowded, I prepared to leave early this morning, but when I arrived, I was surprised because the place where I used to sit and wait for transactions was now closed, and I was allowed to go straight to the main store to trade".
According to Ms. H, buying and selling products will be based on demand, not following the psychology of the crowd. "Last weekend, I had a business to sell about 5 taels of gold, luckily I decided at that time. If it were selling this morning, the profit would be less than 1 million VND/tael".
No longer having to wait for time and choose a place to trade gold, Ms. N.M. C (Nghia Do ward, Hanoi) - a customer who bought plain round gold rings - said: "Before, I had to participate in groups to update the buying and selling situation at stores. Now it's no longer necessary, because it's easy to buy any brand at this time.
Ms. C added that whether buying plain round gold rings or 0.1 tael bracelets, there is no need to queue, no need to "take advantage" of the time to go early as before.
Gold price update
As of 11:45 AM on March 22, SJC gold bar prices were listed at 167.5-170 million VND/tael (buying - selling), simultaneously decreasing by 600,000 VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at 167.5-170 million VND/tael (buying - selling), down 600,000 VND/tael in both directions.
At the same time as the survey, SJC listed the price of plain round gold rings at the threshold of 167.3-169.8 million VND/tael (buying - selling), simultaneously decreasing by 600,000 VND/tael.
Bao Tin Minh Chau listed the price of gold rings equal to the price of gold bars, currently at 167-170 million VND/tael (buying - selling),
On the world market, as of 11:49 AM on April 22 (Vietnam time), world gold prices had an upward correction, listed around 4,758.4 USD/ounce, up 39.3 USD.
