Stores such as Bao Tin Minh Chau, PNJ, Bao Tin Manh Hai,... all announced that they would not sell gold rings. However, buyers still waited from early morning to late at night, even though some stores required reservations 20 days in advance.
According to VietNamNet reporters, over the past two days, stores such as Bao Tin Minh Chau, Bao Tin Manh Hai, PNJ,... have been in a state of gold scarcity. Stores have continuously announced that they are temporarily suspending sales because they have no goods.
Yesterday (October 24), stores on the “gold street” Tran Nhan Tong (Hai Ba Trung, Hanoi) all announced “temporary suspension of sales” because they had no gold. Staff continuously refused and diverted traffic because too many buyers had gathered in front of the stores, waiting for the sale to open.
However, this morning (October 25), reporters asked employees of the above gold shops, at different branches, but all received the answer that "we do not sell gold rings". At Bao Tin Minh Chau gold shop (Cau Giay, Hanoi), buyers gathered from 7am, many even brought food to wait.
Sharing with reporters, Mr. Ha (Dong Da, Hanoi) said: "I went to buy 2 taels of gold to pay off debt because last year I ran out of money to build a house so I borrowed gold from friends. However, I have been waiting for 2 days and still haven't been able to buy it."
"Because I borrowed gold, I also have to pay it back in gold. The price is too high, so I'm worried, but I have to wait to buy it to pay off the debt," Mr. Ha confided.
Ms. Minh (Cau Giay, Hanoi) said that some small retail stores outside also sell gold, but most customers like her prefer to buy at reputable brand stores.
"I have a nephew who is getting married soon, and I plan to buy a gold bar to celebrate with him as promised before. I have to buy gold with a brand name and proper papers so that he can easily sell it later. But I have been here for two days and still haven't been able to buy anything. I am asking my son to go around to other gold shops in other streets to see what they are, because the wedding is almost here," said Ms. Minh.
Outside the gold shop, there were some people who came to buy gold to “hold gold”. Whenever anyone wanted to sell gold, they immediately approached and offered to buy it at a higher price than the listed price in the gold shop. The price difference ranged from 1-2 million VND/tael.
At the PNJ gold store in Cau Giay, the staff announced that they had stopped selling plain round gold rings for nearly a month because there was no stock. Many people came to ask to buy but all had to return.
At Bao Tin Manh Hai gold shop (Tran Duy Hung), when seeing customers coming, the staff immediately ran out to announce that the shop had stopped selling plain round gold rings. If customers wanted to buy, they had to order in advance and would only receive the gold 20 days later.
Similarly, many gold shops in Cau Giay were deserted, with employees playing on their phones. When the reporter asked to buy plain round gold rings, he was informed that the gold was out of stock, the shop had not imported any gold yet, and it was unclear when gold rings would be available for sale.
On the contrary, gold transactions on the "online market" are very bustling . Buyers and sellers are bustling, constantly posting. buy and sell, pay a higher price than the official market price.
Posing as someone who wanted to sell 2 taels of gold, the reporter posted on the gold buying and selling forum, and less than 5 minutes later, many people approached to ask to buy. They were willing to pay a higher price of 1-2 million VND/tael. If they agreed, the buyer would immediately come to the house to make the transaction, and the money would be transferred.
When asked to buy gold, the reporter was also enthusiastically invited, the selling price was from 90-91 million VND/tael, he could buy as much as he wanted and receive transactions at home. However, when asked about the quality of the gold, many people did not answer.
Today (October 25), domestic gold prices remain at a record high despite the world gold price reversing to decrease. SJC listed the price of 1-5 ring gold at only 87-88.5 million VND/tael, while Doji's 9999 plain ring gold is priced at 88-89 million VND/tael (buy - sell).
Meanwhile, the price of SJC gold bars has remained at 87-89 million VND/tael (buy - sell) for the past few days.
People lined up to buy gold early, gold shops stopped selling, only buying in.
Long queues all day waiting for the gold shop to open suddenly
Gold shop sells in a 'disappearing and appearing' style, buyers are in a panic
Source: https://vietnamnet.vn/di-khap-ha-noi-khong-mua-noi-1-chi-vang-nhan-de-mung-cuoi-2335468.html
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