Gold prices increase, demand exceeds supply, stores run out of gold to sell

Gold prices increase sharply

Gold price today, April 21, increased sharply compared to the weekend trading session. At 3:00 p.m., Saigon Jewelry Company Limited - SJC listed SJC gold price at 116 - 118 million VND/tael for buying and selling.

Bao Tin Minh Chau is also buying SJC gold bars at 116 million VND/tael and selling at 118 million VND/tael. The price difference between SJC gold bars fluctuates at 2 million VND.

Gold prices are increasing, but many people still invest in gold because they believe that gold prices will continue to increase in the near future. Photo: Phuong Anh

Compared to 4:30 p.m. on April 19, SJC gold prices have been adjusted by establishments to increase by 4 million VND/tael in both buying and selling directions.

Today's gold ring price is also being bought and sold by Bao Tin Minh Chau at 114.5 - 118 million VND/tael.

Saigon Jewelry Company Limited - SJC is also trading gold rings at 113 - 116 million VND/tael for buying and selling. The price difference between gold rings is high, from 3 - 4.5 million VND/tael.

The price of gold rings was also adjusted to increase from 3.5 - 4 million VND/tael for buying and selling.

At the same time, the world gold price stood around 3,393 USD/ounce.

People rush to buy gold, supply cannot meet demand

In recent days, the domestic gold price has fluctuated suddenly, increasing rapidly and decreasing very quickly. According to the reporter's records, in the last 2 days of the week, the gold price suddenly dropped sharply by 6 million VND per tael but increased sharply today, April 21.

The high price of gold has caused people's demand for gold investment to reach a peak. Many gold shops have supply that cannot meet demand.

According to a reporter on Tran Nhan Tong Street, Hanoi, this morning, the number of people coming to buy gold at Bao Tin Minh Chau was larger than the number of sellers. Before the transaction time, people were jostling and lining up to buy gold.

Today, each person in line can buy a maximum of 2 taels of gold. Bao Tin Minh Chau on Tran Nhan Tong street prioritizes serving customers who line up before 10:30 a.m. After 10:30 a.m., this facility stops accepting customers due to overload.

Similarly, the Phu Quy Jewelry Company store on Tran Nhan Tong Street was also overloaded due to the number of customers overwhelming the number of sellers. From 10:30 a.m., the store hung a sign saying it was out of stock, causing many people to leave empty-handed or switch to other stores and brands.

Bao Tin Minh Chau experts recommend that, given the unpredictable fluctuations in domestic and international gold prices, investors and people should consider carefully before trading and regularly monitor gold prices on official channels to make the most correct decisions.

With the complicated fluctuations in recent days, in the short term, domestic gold prices will fluctuate up and down according to world gold prices. But in the long term, the prospect of increasing gold prices is still very large.

Hoang Giang

Source: https://congthuong.vn/gia-vang-tang-cau-vuot-cung-cua-hang-het-vang-ban-384157.html