During the days before Tet, gold prices remained high, and trading of this precious metal in Ha Tinh remained quite quiet, in contrast to the bustling atmosphere of the same period in previous years.
World and domestic gold prices have been recording large fluctuations in recent days and are anchored at very high levels compared to before.
In Ha Tinh, gold prices fluctuate according to world and domestic gold prices. Recorded in the early morning trading session on January 24, the price of 9999 gold at stores was listed at VND6,420,000/tael for selling and VND6,330,000/tael for buying.
Customers transact at Mai Xuan gold shop.
According to jewelry store owners, the price of gold fluctuates continuously every day, even having to adjust the price several times in one day. The price of gold on January 20 and 21 reached a historical peak of VND6,430,000/tael, but on January 22 it dropped to VND6,400,000/tael, and on January 23 it started to increase again.
Gold price list posted at Mai Xuan gold shop late afternoon on January 23.
A survey at the gold street in Ha Tinh city at this time showed that the number of customers coming to trade at the shops has increased by 10-20% compared to many previous months, but in general, the gold market is still less vibrant than the same period in previous years.
Mr. Tran Binh Ai - owner of Kim Hoan jewelry store (Nguyen Cong Tru street, Ha Tinh city) shared: "In recent days, the number of customers has increased, mainly customers buying 1 - 3 taels of wedding gold, jewelry gold, exchanging and renewing jewelry. However, this year, the economic situation is difficult, so the market near Tet is not as vibrant as previous years, at this time it is only about 50% of the number of customers transacting at the same time in previous years."
At this time, the number of customers coming to trade at Kim Hoan jewelry store has decreased sharply compared to the same period in previous years.
At Mai Xuan gold shop (Nguyen Cong Tru street), the amount of gold sold by people is recorded to be more than the amount bought. Ms. Bui Dieu Huyen - owner of Mai Xuan gold shop said: "Gold prices remain high, so at this time, many people are taking advantage of selling to make a profit. Therefore, the number of sellers has increased. In addition, the number of customers has also increased compared to before when the demand for jewelry products such as necklaces, rings, and earrings is higher. In addition, currently, the real estate market is quiet, bank deposit interest rates have decreased, so many people are buying gold for investment. However, in general, transactions at this time this year are still less than previous years."
Having just bought 2 taels of gold to celebrate her child's wedding, Ms. Nguyen Thi Nga (Ho Do commune, Loc Ha) shared: "I have been following the gold price for the past few days and have seen it change continuously but not decrease much. Calculating, 1 tael only differs by 20 - 30,000 VND. Now, the price of 1 tael of 9999 gold is nearly 6.5 million VND, but because it is an important wedding, I still buy it."
Ngoc Ha Gold Shop imports fashionable, modern gold products suitable for many ages.
Gold and silver shop owners said that although the market is quieter than previous years, according to the trend, from now until Tet, the number of customers will likely "heat up" when the demand for buying gold for jewelry for Tet or as gifts for parents will increase.
In addition, after Tet, with the concept of buying gold for luck on the day of the God of Wealth, people's demand for gold is still high. Therefore, jewelry store owners have also prepared a variety of products such as 9999 gold, Western gold, Italian gold..., ready to meet people's needs.
“Currently, jewelry has many designs suitable for customers’ ages and preferences. To serve the Tet market, products such as necklaces, rings, earrings, bracelets, feng shui items, etc., we regularly update new, modern, and trendy designs; including many 18K and 24K gold products at reasonable prices, suitable for customers to choose from,” said Ms. Bui Thi Tham, owner of Ngoc Ha gold shop (Nguyen Cong Tru street).
Ngoc Khanh
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