According to VietNamNet reporters, since early this morning (December 24), many customers have come to Bao Tin Minh Chau stores on Tran Nhan Tong and Cau Giay streets to buy plain round rings, but all received the answer that they were out of stock. Staff there said that this item is currently out of stock and it is unknown when it will be available again.

Mr. Binh (Hai Ba Trung, Hanoi) shared: “The price of gold has recently tended to decrease, people's demand for gold has increased sharply, but many gold shops do not sell plain round rings. The current price of gold is down to 84.3 million VND/tael (selling price), I planned to buy a few taels to prepare for my nephew's wedding, but many days have passed, every morning I wait and then I have to go home empty-handed.”

W-golden.jpg
Waiting for the gold shop to open for sale, customers left in frustration. Photo: Tien Anh

Similarly, Ms. Hoa (Cau Giay, Hanoi) could not hide her anger: "The price of gold is falling, I want to buy a plain round ring to stock up because this is a stable and easy-to-trade commodity. However, in the past two weeks I have only been able to buy a few taels of gold, the rest I have to return empty-handed."

However, Mr. Long (Cau Giay, Hanoi) said that there are days when the store does not open in the morning but in the afternoon it sells with a large number of customers. The gold is sold in limited quantities and happens very quickly, within only about 30-40 minutes, causing many customers to not have time to buy.

“If we can’t buy anything in the morning, we have to wait until the afternoon and hope the store has gold to sell. However, there are too many customers and the store only sells a limited amount of gold, many people can’t even buy a single tael of gold,” said Mr. Long.

According to reports, after waiting for many hours, many customers had to leave in disappointment. Some people were upset and annoyed when they saw the store was open but there was no gold to sell.

In the domestic market, Bao Tin Minh Chau listed the price of gold rings at 82.5-83.5 million VND/tael (buy - sell). The price of gold rings was listed by Saigon Jewelry Company (SJC) at 82.3-84.1 million VND/tael (buy - sell). Doji Jewelry Group sold plain round gold rings at 83.3-84.3 million VND/tael.

Gold ring price increased sharply to 84.5 million VND/tael

Gold ring price increased sharply to 84.5 million VND/tael

The price of domestic gold rings today (December 23) increased sharply, with some brands increasing by up to 700,000 VND/tael. SJC gold bars also increased rapidly.
SJC gold ring price drops rapidly, to lowest level in the past half month

SJC gold ring price drops rapidly, to lowest level in the past half month

Domestic gold ring price today (December 19) decreased rapidly following the downward trend of world gold price. SJC gold ring price has reached its lowest level in more than half a month.
SJC gold ring buying price decreased by 1.5 million VND/tael after 1 week

SJC gold ring buying price decreased by 1.5 million VND/tael after 1 week

Today's ring gold price (December 21) at many brands increased by more than half a million VND/tael in the selling direction. But overall this week, the ring gold price of all brands decreased, in which the ring gold at SJC decreased by 1.5 million VND/tael in the buying direction.