According to VietNamNet reporters, the gold shop opened early today (November 26), with an announcement to sell unlimited plain round gold rings. However, employees of Bao Tin Minh Chau gold shop (Cau Giay, Hanoi) commented that the number of customers coming to trade this morning was somewhat less than in previous days. The number of people coming to sell gold was greater than the number of people coming to buy.

"Normally, after only 15 minutes, hundreds of people would jostle to get a number and fill the store. However, at 10am this morning, more than an hour after handing out the tickets, only more than 20 customers came in to make a transaction," said this employee.

Ms. Oanh (Cau Giay) shared that when she saw the price of plain round gold rings drop to 84.5 million VND, she was worried about the scene of waiting in line, but as usual, she came early to wait for a number; she even called her relatives to go with her to get a number to buy more because she was afraid of the quantity limit.

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Many people came to inquire about the gold price, but when they saw the store was deserted, they immediately left. Photo: Tien Anh

Taking number 15, when the staff announced it was my turn to make a transaction, "I tried to stay and wait because I observed that there weren't many people around to buy gold," she said.

Similarly, Mr. Chien (Ha Dong, Hanoi) said that when he went to the gold shop and saw many people bringing gold to sell, he decided not to buy anymore and waited to hear more.

"I planned to buy some gold to save, but seeing many people bringing gold to sell, I was afraid of losing money so I decided to wait a bit longer," said Mr. Chien.

As a veteran in buying and selling gold, Ms. Hoai (Cau Giay) said that when the gold price drops, investors and many people tend to wait, hoping that the price will drop further. Most customers are hesitant and do not rush to buy.

“Just 2 days since the beginning of the week, the price of gold has dropped by more than 2 million VND/tael, I hope it will drop even more. But at that time, I was afraid I wouldn’t be able to buy much because gold shops usually sell in limited quantities,” Ms. Hoai explained.

In the same vein, many customers expect the gold price to continue to fall, as most believe that the price of gold will only fall in the short term. Therefore, they delay buying until the price is as low as possible or changes direction slightly.

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No more scenes of staff "shouting" because of the overload of customers coming to transact. Photo: Tien Anh

However, some customers still bring gold to sell at a loss. Mr. Hai (Dong Da) said that he bought 2 taels of gold to "surf" at a price of more than 86 million VND/tael, and now has lost nearly 4 million VND. Seeing the gold price drop by nearly 2 million VND/tael, he decided to sell immediately, cutting a small loss to recover his investment capital for the next round.

According to observations, some gold shops such as PNJ, Bao Tin Manh Hai, Doji,... also had few customers this morning. The number of people coming to trade was not much, mainly customers who had ordered gold from before and now are ready to pick it up.

Outside the gold shop, many "gold brokers" continuously invite customers to buy and sell gold at a price higher than the listed price on the market. These people buy back gold at a price 500,000 VND/tael higher than the gold shop's purchase price. At times when the gold shop has a limited sale, if anyone wants to buy a lot, the "gold brokers" will support them, buy as much as they want and the price is cheaper than buying in the shop by about 300,000-500,000 VND/tael.

A "gold broker" revealed that the amount of money earned from the job of buying and selling gold is up to 20-30 million VND/month.

Gold price today, November 26, 2024, on the international market continued to plummet, down to nearly 2,600 USD/ounce. Domestically, SJC gold bars decreased by 1.8-1.3 million VND/tael, equivalent to 82.8-85.3 million VND (buy - sell).

SJC listed the price of 1-5 gold rings at only 82.4-84.5 million VND/tael, down 1.6 million and 1.1 million VND per tael respectively. At Doji, the price of plain round rings was 82.3-84.4 million VND, down 2 million and 1.4 million VND respectively.

Out of turns to get a number to enter the store, customers 'fall' into gold transactions outside

Out of turns to get a number to enter the store, customers 'fall' into gold transactions outside

Gold prices jumped by millions of dong early in the morning of November 18, but gold shops only sold gold in the afternoon. Employees distributed 15-minute purchase tickets, with a limit of 1 tael. Many people “fell” into transactions outside the store.
Gold price suddenly increased, shop 'turned around' to sell 1 tael, angry customer went straight home

Gold price suddenly increased, shop 'turned around' to sell 1 tael, angry customer went straight home

Gold prices have been rising again, with customers lining up on the sidewalks since early morning even though the gold shop had not opened yet. However, many people were shocked when the shop suddenly announced that each person could only buy 1 tael and left in anger.
Nearly 200 people filled the gold shop, the seller wanted to 'hand over' because he was afraid of waiting for more losses

Nearly 200 people filled the gold shop, the seller wanted to 'hand over' because he was afraid of waiting for more losses

On the morning of November 14, Bao Tin Minh Chau store (Cau Giay, Hanoi) was overloaded with customers. In just a short while, nearly 200 people were waiting for their turn. Many were impatient to sell "hand over" to customers right away.