Gold price soars, still carrying money to close deals

Báo Tiền PhongBáo Tiền Phong13/03/2025

TPO - Although the price of gold bars and gold rings is high, many people still bring a lot of money to buy gold. Many times, the shop runs out of gold to sell to customers.


TPO - Although the price of gold bars and gold rings is high, many people still bring a lot of money to buy gold. Many times, the shop runs out of gold to sell to customers.

Contrary to the psychology of gold price increase, people tend to buy gold to sell. However, according to Tien Phong reporter's records at noon on March 13, many people brought a stack of valuable money to buy gold.

At Mi Hong gold shop (Binh Thanh district, Ho Chi Minh City), the area for buying and selling SJC gold rings and gold bars is crowded with customers waiting in line. Many female customers hold stacks of money in their hands along with their ID cards, waiting for staff to assist them.

Gold price skyrockets, still carrying money to close deals photo 1

“I have been following gold since the beginning of March and have seen the price increase more than decrease. I have 200 million VND in the bank that is due to mature, so I discussed with my husband to withdraw it all to buy gold. I will use these two taels of gold as a wedding gift for my youngest daughter. I am afraid that the price will increase in the future, so I have decided to close the deal now even though the price is very high,” said Ms. Minh (58 years old).

Not only SJC gold bars, but also plain gold rings with 4 number 9s are constantly being bought. At this gold shop, there are only 5-pan, 1-chi and 2-chi gold rings left, there are no 5-chi plain rings like before. By late afternoon, this gold shop had no more gold bars to sell to customers.

“From morning until now, the number of customers coming to buy and sell gold has been the same. Although the buying price of gold is very high, there are no customers bringing large amounts of gold to sell,” said an employee of Mi Hong gold shop.

Gold price skyrockets, still carrying money to close deals photo 2

Gold prices are high but customers are buying a lot so the shop is almost out of SJC gold bars, only gold rings are left but the quantity is not much.

Meanwhile, many gold shops belonging to the PNJ system in Ho Chi Minh City have almost no gold rings, gold bars and God of Wealth gold left. Staff said that last week there were still gold rings but in small quantities. Now they are all gone. "If there are customers coming to sell gold rings, the shop will have them to sell to customers" - the staff said and invited customers to refer to gold jewelry, jewelry, 24K fashion gold rings...

On the morning of March 13, the price of SJC gold bars and gold rings continuously fluctuated in an upward direction. At 1:15 p.m., SJC Company listed the price of SJC gold bars at VND92.9 million/tael for buying - VND94.4 million/tael for selling (an increase of VND1.1 million - VND900,000/tael); PNJ listed the price at VND93.3 - VND94.8 million/tael (an increase of VND1 million - VND900,000/tael for buying - selling).

Mi Hong Gold Shop increased the buying price by 800,000 VND and the selling price by 700,000 VND, quoting the price at 93.6 million VND/tael for buying and 94.6 million VND/tael for selling.

Gold price skyrockets, still carrying money to close deals photo 3Gold price skyrockets, still carrying money to close deals photo 4Gold price skyrockets, still carrying money to close deals photo 5

Gold prices are rising but many people are still looking to buy. Some people pay in cash, some pay online by scanning face ID...

Meanwhile, gold rings have been continuously increasing and at times “surpassing” gold bars. Bao Tin Minh Chau Company increased the buying price by 750,000 VND and the selling price by 800,000 VND compared to yesterday, quoting prices at 93.3 million VND/tael for buying and 94.9 million VND/tael for selling.

Phu Quy Group increased the price of 9999 gold rings by 400,000 VND for buying and 500,000 VND for selling, listed at 93 million VND/tael for buying and 94.6 million VND/tael for selling.

SJC Company increased by 1 million VND in both buying and selling directions, trading at 92.8 million VND/tael for buying and 94.3 million VND/tael for selling.

PNJ Company increased the price of gold rings by 700,000 VND for buying and 600,000 VND for selling, listed at 93 million VND/tael for buying and 94.5 million VND/tael for selling.

Thus, the price of 9999 gold rings this morning broke the peak set yesterday at 94.1 million VND/tael, setting a new price record of 94.9 million VND/tael, about 500,000 VND/tael higher than SJC gold bars.

Gold price increase unstoppable
Gold price increase unstoppable

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Gold price moves strangely

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World gold prices increase sharply after Mr. Trump's move

Uyen Phuong - Mai Linh



Source: https://tienphong.vn/gia-vang-len-cao-vut-van-tay-xach-nach-mang-cam-tien-di-chot-don-post1724681.tpo

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