A gold shop on Tran Nhan Tong street (Hai Ba Trung, Hanoi ) 'played big' on the morning of November 12 when each person was allowed to buy 5 taels of gold. Hundreds of customers took numbers, lined up inside, and waited their turn to buy.
In contrast to the lack of buyers in Ho Chi Minh City, although the domestic gold price today (November 12) continued to plummet, VietNamNet's reporter noted that in Hanoi, from 8:30 am, gold shops on Tran Nhan Tong Street (Hai Ba Trung) were bustling with people coming to make transactions. In particular, the two Bao Tin Minh Chau establishments were always overloaded with waiting customers.
An employee at Bao Tin Minh Chau gold shop (15 Tran Nhan Tong) said the shop opens at 9:30 a.m. In the morning, the shop sells a maximum of 5 taels of gold to each customer.
Just 30 minutes after opening, more than 100 people had already taken a number to wait. Inside the store, customers sat in a line that stretched from the counter all the way to the door.
Sharing with reporters, Mr. Hung (Dong Da, Hanoi) said that when he saw the gold price drop to 83.3 million VND/tael (selling price), he quickly took time off work to go buy.
“I bought gold to pay off my debt. I previously borrowed 2 taels of gold, at that time the price of gold was 54 million VND/tael. Now the price has almost doubled, so paying back the gold now I have lost nearly 1 tael of gold,” said Mr. Hung.
Mr. Trung (Hai Ba Trung) commented that many people followed the crowd mentality and rushed to buy. According to him, maybe after a period of "drip" buying and selling, the store limited the sale to only 1-2 taels per person while the price was sky high, now the gold price has dropped sharply and the store is selling in large quantities, so many people are afraid of missing out on the opportunity.
Also sitting in line waiting for her turn to trade, Ms. Thu (Cau Giay) said that it is necessary to grasp the market price. If you buy in bulk without careful research, it is easy to take risks and suffer big losses, especially when buying in large quantities.
According to observations, by 10:30 am, the queue was already full inside the gold shop, the store staff was always overloaded. When seeing too many customers, the store manager had to limit the number of people allowed to buy.
Although the store announced that it would only accept 100 customers this morning, it was observed that the number of customers waiting to get a number was over 150. Many people behind the 100th number were worried that they would have to leave.
Other gold shops on the “gold street” Tran Nhan Tong such as Bao Tin Manh Hai, Phu Quy, SJC,... also recorded a similar situation when the number of customers coming to trade gold was bustling. Many customers who bought gold rings, due to waiting too long, "asked" to buy them back from people waiting to sell at a slightly higher price to save time.
Online gold trading forums are equally bustling. Posing as a person wanting to buy gold, the reporter was approached by many “gold brokers” who offered to sell at a difference of 2-3 million VND/tael, equivalent to 85-86 million VND/tael if buying gold from outside. On the contrary, when customers want to sell, many people are willing to pay a higher price than the listed price on the market, buying any amount and paying at home.
Meanwhile, buying and selling online has many potential risks. If buyers/sellers only trade for immediate profits, it will lead to many consequences later on such as: gold quality is not guaranteed, gold is not old enough, documents can be counterfeited at the original price when purchased...
According to experts, people should be careful when making transactions outside. It is best to go to reputable trading establishments so that when there is a problem with the product, the rights of the buyer/seller are guaranteed.
Domestically, gold price today November 12, 2024 plummeted following world gold price.
At 10am, the price of SJC 9999 gold bars was listed at 80.8-84.3 million VND/tael (buy - sell). SJC listed the price of gold rings at 80.5-83 million VND, while Doji listed it at 81.2-83.4 million VND/tael (buy - sell), down 1.3-1.75 million VND/tael compared to the closing price yesterday.
Gold price 'collapses' again and strange reactions from HCMC residents
Gold price 'falls freely', stores sell without limits, many people line up to cut losses
Gold price plummets, plain ring lost 6 million VND: Will it drop further?
Source: https://vietnamnet.vn/gia-vang-tut-manh-ve-sat-80-trieu-luong-tiem-vang-manh-tay-xa-hang-2341208.html
![[Photo] Binh Trieu 1 Bridge has been completed, raised by 1.1m, and will open to traffic at the end of November.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/10/2/a6549e2a3b5848a1ba76a1ded6141fae)
Comment (0)