According to VietNamNet reporters this morning (March 13), on Tran Nhan Tong Street, Hanoi, the number of buyers increased dramatically compared to sellers. Many people lined up early waiting for the gold shop to open.

Bao Tin Minh Chau Company staff said that customers coming to buy gold at this brand's store system can only buy a maximum of 1 tael of gold bars and 2 taels of gold rings. The SJC gold store at 18 Tran Nhan Tong also announced that it only buys, not sells because it is out of stock.

However, with the gold price trend continuing to increase sharply, despite the heavy rain in Hanoi this morning, many people still braved the rain to buy and sell gold.

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Hanoi people line up to buy gold. Photo: Ngoc Cuong

Mr. Luong in Dong Da (Hanoi) shared that he was present at Bao Tin Minh Chau store early. Seeing that the gold price was still increasing every day and continuously reaching new peaks, he wanted to come and consult and consider buying.

“I arrived very early but was still ranked 20th. I was very impatient, if I bought late I was afraid the gold price would increase further,” he said.

Similarly, Ms. Hai (Thanh Xuan, Hanoi) also arrived early in the morning but still had to queue. She said that if she arrived late, she was afraid that it would run out. “I was late before, the store announced that it was out of gold. This time, I learned my lesson and arrived very early,” Ms. Hai shared.

Despite the rain, Ms. Hoa (Ha Dong, Hanoi) went to many SJC gold stores in Thai Thinh and Giang Van Minh this morning, but there was no gold to sell. Therefore, she had to go to Bao Tin Minh Chau on Tran Nhan Tong street to buy.

Arriving at Bao Tin Minh Chau store at 9:45 am, Mr. Manh in Thanh Xuan (Hanoi) said that he was late because he had to withdraw savings at the bank.

Mr. Manh withdrew 300 million VND from the bank to buy 3 taels of gold. However, when he arrived, he learned that the store only allowed each customer to buy a maximum of one tael.

“The price of gold has been increasing steadily for over a week now, and I really regret not deciding to buy sooner. However, I still expect the price of gold to reach VND100 million/tael in the near future,” said Mr. Manh.

According to Mr. Manh, domestic gold prices are being affected by world gold prices. The trend of world gold prices has not stopped increasing. He believes that domestic gold prices will not stop at the current level.

By noon today, the price of SJC 9999 gold was listed at 92.9-94.4 million VND/tael, up 1.1 million VND (buy) and 900,000 VND (sell) compared to early this morning. The price of gold rings also increased sharply, to 92.8-94.3 million VND/tael (buy - sell) for SJC rings and 93.4-94.9 million VND/tael for Doji rings.

Even the price of Thang Long Dragon gold bars and Bao Tin Minh Chau gold rings are listed at 93.4-95 million VND/tael (buy - sell).

Strange scene of gold shops in Ho Chi Minh City when gold ring prices skyrocketed. Gold prices today (March 13) continuously set new record highs, gold rings even reached nearly 95 million VND/tael, but strangely, many gold shops in Ho Chi Minh City were deserted.