Gold rings continue to decline, many stores limit the quantity sold

Linh Đan |

Gold ring prices continue to decrease in recent days. Abundant supply helps people easily trade, many stores sell unlimited quantities.

In recent days, at many gold trading stores in Hanoi, the trading atmosphere has been quite stable. Unlike the time when the gold market fluctuated strongly a few months ago, people can now buy gold more easily, no longer having to queue from early morning or wait many hours for their turn to trade.

Recorded at some gold shops on Tran Nhan Tong street (Hai Ba Trung ward, Hanoi) on the morning of June 23, the number of customers coming to buy and sell still maintained steadily but there was no overload. Many customers said that the gold purchase procedure took place quickly, the store did not limit the quantity sold and delivered immediately after completing payment.

Thị trường không còn cảnh xếp hàng chờ đợi như trước. Ảnh: Linh Đan
The market no longer has the scene of queuing like before. Photo: Linh Dan

Just receiving 5 taels of gold rings after a few minutes of transaction, Ms. Nguyen Thi Thanh Huong (Bach Mai ward, Hanoi) said that this is the first time in many months that she feels buying gold is so convenient.

Around the beginning of the year, I used to buy gold but had to get an order number and wait quite a long time. Some days the store announced that it was out of stock or limited the quantity sold, so I couldn't buy as much as needed. Today, the store does not limit the quantity sold, I arrived at the store for about 15 minutes to complete the transaction and receive enough 5 taels of gold right at the counter" - Ms. Huong shared.

According to Ms. Huong, the more abundant supply helps people be proactive in making asset accumulation decisions. Instead of having to rush to go early or continuously monitor business sales announcements, she can now choose a suitable time to transact.

Sharing the same feeling, Mr. Ngo Van Huy (Hai Ba Trung ward, Hanoi) said that he just bought 1 tael of gold rings for long-term accumulation.

I was quite surprised because the buying process took place very quickly. Previously, there was a time when I wanted to buy 1 tael of gold, but the store only sold a limited quantity or had to wait many days for goods to arrive. Now, the staff are fully consulted, and after payment, I receive the gold immediately, so the psychology of buyers is also more comfortable" - Mr. Huy said.

According to Mr. Huy, the fact that there is no longer jostling and queuing helps the transaction experience to be more civilized and convenient. Buyers no longer have the psychology of worrying about competing each turn or fearing being late and running out of stock.

Khách hàng mua vàng thuận lợi hơn khi không còn phải xếp hàng, chờ đợi nhiều giờ để giao dịch. Ảnh: Lệ Hà
Customers buy gold more conveniently when they no longer have to queue or wait many hours to transact. Photo: Le Ha

In the transaction area, many customers also said that the waiting time has now decreased significantly compared to before. Ms. Le Thi Thu Trang (Cua Nam ward, Hanoi) commented that the market is gradually returning to a stable state.

Previously, every time I heard news of gold prices increasing, people rushed to buy a lot. There were days when I came to the store and saw customers standing crowded in the transaction area. Currently, the number of customers is still there but distributed more evenly, there is no jostling or having to wait for a long time" - Ms. Trang expressed.

Gold price update

As of 10:50 am, Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 144.7-148 million VND/tael (buying - selling), down 600,000 VND/tael on the buying side and down 800,000 VND/tael on the selling side compared to yesterday morning.

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

At the same time, SJC gold bar prices were listed by DOJI Group at the threshold of 145-148 million VND/tael (buying - selling), down 600,000 VND/tael in both directions compared to yesterday morning.

At the same time, Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 144.7-147.7 million VND/tael (buying - selling).

Diễn biến giá vàng nhẫn tròn trơn những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in gold ring prices in recent trading sessions. Chart: Khuong Duy

DOJI Group listed the price of gold rings at 145-148 million VND/tael (buying - selling).

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 144.5-148 million VND/tael (buying - selling).

At 9:42 am, world gold prices were listed around the threshold of 4,151.6 USD/ounce, down 42.5 USD compared to the previous day.

See more news related to gold prices HERE...

Linh Đan
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