Gold rings still attract customers to buy despite high prices

Phương Anh |

Hanoi - March 7, gold prices increased sharply, but many people still went to stores to buy plain round gold rings.

Domestic gold prices in recent days continue to remain at a high level, attracting great attention from people. At many gold trading stores in Hanoi, the number of customers coming to transact is quite large, especially those looking to buy plain round gold rings.

Một số cửa hàng vàng ghi nhận lượng khách hỏi mua vàng nhẫn tăng trong bối cảnh giá vàng liên tục biến động. Ảnh: Lệ Hà
Some gold shops recorded an increase in customers asking to buy gold rings in the context of continuous gold price increases. Photo: Le Ha

Lao Dong reporter's record on March 7 at some gold shops on Tran Nhan Tong street (Hanoi), from the early morning, many customers came to ask to buy gold rings.

Sharing with reporters, Mr. Do Van Phi - living in Bach Mai ward (Hanoi) - said that he just bought 2 taels of gold rings after monitoring the market for a while.

The store I chose to buy is currently selling a limited price of 1 tael of gold rings per customer. If you buy from 4 chi or more, you must postpone until mid-March to receive the goods, and if it is less than 4 chi, you can receive them immediately" - Mr. Phi said.

He added that this gold purchase is mainly to prepare for a personal plan in the near future.

My family plans to have important business at the end of the year, so we want to prepare a little gold in advance. Although the price is high, if we wait too long, it is difficult to know when it will be suitable. I bought 2 chi in advance as if available, later if necessary, I can buy more" - Mr. Phi shared.

According to him, gold is still a familiar and easy-to-use asset in many family occasions. "Keeping a little gold in the house makes me feel more secure" - Mr. Phi said.

Also on Tran Nhan Tong street, Ms. Nguyen Thi Thu (Hai Ba Trung ward) said that she had just bought 0.1 taels of gold rings.

She said this is the first time she has bought gold. "I have seen people talking a lot about gold prices recently, so I also want to try buying a little to know. The amount is not large, so consider it as a personal financial experience" - she said.

According to her, buying in small quantities helps me get acquainted with the gold market without financial pressure. "If I find it suitable later, I can buy more. Currently, I just want to try it first" - she shared.

Tấp nập người dân chờ mua vàng trên đường Cầu Giấy (Hà Nội) sáng ngày 7.3, bất chấp giá vàng đang tăng cao. Ảnh: Phương Anh
Crowds of people waiting to buy gold on Cau Giay street (Hanoi) on the morning of March 7, despite rising gold prices. Photo: Phuong Anh

Meanwhile, there are customers who decide to buy more quantities even though they have to wait to receive the goods.

At a gold shop on Cau Giay street, Ms. Ngo Thuy Trang (Cau Giay ward) said that she had just ordered 5 taels of gold rings, but the store announced that it would not be possible to receive them until March 18.

Ms. Trang said that buying gold this time stemmed from the psychology of wanting to diversify how to keep money. "I usually keep money in my bank account, but recently I have seen many people switch to keeping a part of their assets in gold, so I also want to try to allocate a small part" - she said.

According to her, gold rings are a suitable choice because they are more flexible than other types of gold. "I buy them to keep for a long time, not for short-term trading, so waiting a few days to receive the goods is not a problem" - she said.

Gold price update

As of 10:30 am, SJC gold bar prices were listed by DOJI Group at 182-185 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both directions 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

SJC gold bar price was listed by Bao Tin Minh Chau at 182-185 million VND/tael (buying - selling), an increase of 1.2 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 182-185 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both directions compared to yesterday morning.

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

Bao Tin Minh Chau listed the price of gold rings at 182-185 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both directions compared to yesterday morning.

At 9:30 am, world gold prices were listed around the threshold of 5,172 USD/ounce, up 43.3 USD compared to the previous day.

The strong upward momentum of the international market is creating momentum for domestic gold prices. People need to be cautious and avoid following the psychology of crowds when gold prices fluctuate strongly, especially in the context that the difference between buying and selling prices still remains high.

See more news related to gold prices HERE...

Phương Anh
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