Gold prices continuously adjust within a wide range
In recent sessions, domestic gold prices have been "dancing" continuously. In just one trading session, gold prices skyrocketed and then dropped by several million VND/tael. Recorded at 1:00 p.m. today, the SJC gold price listed by DOJI Group for the afternoon buying price was 73 million VND/tael; the selling price was 77.5 million VND/tael. The difference between the buying and selling price of gold at DOJI is 4.5 million VND/tael.
Compared to the opening session of the same day, gold price at DOJI increased by 500,000 VND/tael for buying and increased by 1 million VND/tael for selling.
Meanwhile, Saigon Jewelry Company SJC listed the buying price of gold at 74 million VND/tael; the selling price was 77 million VND/tael. The difference between the buying and selling price of gold at Saigon Jewelry Company SJC is 3 million VND/tael.
Compared to the opening session yesterday (December 28), the gold price at Saigon Jewelry Company SJC increased by 1.5 million VND/tael for both buying and selling.
In fact, the price of gold has "evaporated" right after reaching the peak of 80 million VND/tael on the morning of December 28. Thus, if buying gold on the morning of December 28 at 80 million VND/tael and selling it today, the gold buyer could suffer a loss of up to 7 million VND/tael.
Gold shop "as deserted as Ba Danh pagoda"
In the context of the erratic "dancing" of gold prices, businesses have adjusted the difference between buying and selling at a very high level, from 3-4.5 million VND/tael. This puts investors at risk of losing money if they buy gold in the short term.
According to Lao Dong reporters' records on the morning and afternoon of December 29, 2023, many gold shops in Hanoi were deserted. Even for big brands, the buying and selling scene was not very positive.
Speaking with Lao Dong reporter, Ms. Nguyen Thu Ha - an employee of a jewelry store on Nguyen Trai street (Thanh Xuan district, Hanoi) - admitted that the store is quite empty these days.
"A few days ago, there were more customers, mainly coming to sell gold. The past two days, the store has been quite empty, maybe because the difference is still high," said Ms. Ha.
Buying gold at a jewelry store on Cau Giay Street, Ms. Nguyen Thi Hoa (25 years old, in Nam Tu Liem District, Hanoi) shared: "After New Year's Eve, I will get married. Today, my husband and I bought gold. Compared to a few days ago, the price of gold has decreased quite a bit. However, businesses mainly decreased in the direction of their purchases, while the sales are still at a fairly high level.
I see that the number of customers today is quite low. Whether the price is high or low, I still need to buy so I don't consider or calculate too carefully" - Ms. Hoa said
See more articles about gold prices on Lao Dong Newspaper here...
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