Many gold shops are not selling, customers everywhere cannot buy

Only see the store buy in

According to Lao Dong reporter on June 11, some gold and jewelry stores in Hanoi continue to not sell SJC gold. Store employees even said they have stopped selling SJC gold bars and plain rings and have not yet determined when they will resume selling.

After getting married and having some money but not knowing where to invest, Mr. Tran Huy Hoang (Tay Ho, Hanoi) and his wife decided to buy gold.

"Recently, the price of gold has dropped so I planned to buy some gold to save for the future. However, all the gold trading stores announced that they no longer sell SJC gold bars, even the 9999 round gold rings are out of stock. I have been going around since morning and have not been able to buy any gold" - Mr. Hoang shared.

Most stores have stopped selling, or are selling SJC gold bars and gold rings in very small quantities. People can only buy gold jewelry. Photo: Hoang Nam

Additionally, at some gold shops on Tran Nhan Tong Street (Hai Ba Trung, Hanoi), large gold shops such as Bao Tin Minh Chau, Phu Quy... are all in a situation where they no longer have SJC gold bars to sell to customers, only trading in the buying direction.

Ms. Nguyen Thuy Hanh (62 years old, Hai Ba Trung, Hanoi), a customer who came to buy gold on Tran Thai Tong Street (Hanoi) said: "I went to buy gold at 8am to cool off, but when I went to 3 gold shops, they all said they were out of gold bars and only bought back gold. I asked but the staff replied that they could not set a time to re-import gold for sale."

Ms. Le Phuong Anh (Hanoi), a customer who came to buy gold at Phu Quy gold and silver store (Tran Nhan Tong, Hai Ba Trung district) said: "For the past 2 days, Phu Quy gold has stopped trading SJC gold bars, only selling 9999 plain round rings and buying back gold. I myself really need gold bars but can't find any gold store that sells them, and if I go to the bank, I have to waste time and wait in line all day."

Phu Quy Gold, Silver, and Gemstone Company, on the morning of June 11, did not sell SJC gold bars but only sold 9999 plain round rings and bought gold from customers. Photo: Hoang Nam

Difficulty in buying gold from stores, many people flock to gold selling points of banks and Saigon Jewelry Company Limited (SJC Company).

From 8am on June 11, the SJC Company branch located on Tran Nhan Tong Street (Hai Ba Trung, Hanoi) appeared dozens of people waiting outside the door to buy gold. Waiting to buy gold here, Mr. Nguyen Manh Hung (Cau Giay - Hanoi) - said: "I heard people say that since 12am last night, people had come to line up to get a number to buy gold. But if I just arrived at 9am today, it would probably not be my turn" - Mr. Hung said.

Also waiting to buy gold at this store, Ms. Le Thi Minh Huong (66 years old, Hanoi) said: "At 9:00 a.m., the store staff opened the door and announced that today they would only accept gold sales transactions for the first 31 customers, but now there are 271 people registered to buy gold. I had to wait in line since 7:30 a.m."

Gold price developments on June 11

About SJC gold bars:

As of 5:00 p.m. on June 9, DOJI Group listed the price at 74.98-76.98 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at DOJI is at 2 million VND/tael.

Bao Tin Minh Chau listed the price of SJC gold at 75.5-76.98 million VND/tael (buy - sell). The difference between the buying and selling price of Bao Tin Minh Chau gold at Saigon SJC Jewelry Company is 1.48 million VND/tael.

Meanwhile, Saigon Jewelry Company (SJC) listed the price of SJC gold at 74.98-76.98 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at Saigon Jewelry Company SJC is 2 million VND/tael.

About 9999 smooth round gold ring:

The price of 9999 Hung Thinh Vuong round gold ring at DOJI Gold and Gemstone Group is listed at 73.35-74.70 million VND/tael (buy - sell).

The price of 9999 gold rings at Bao Tin Minh Chau is listed at 73.43-74.73 million VND/tael (buy - sell).

Phu Nhuan Jewelry (PNJ) listed the price of 9999 plain round rings at 72.6 - 74.3 million VND/tael (buy - sell).

About world gold price:

As of 5:00 p.m. on June 9, the precious metal was listed on Kitco at $2,305.3/ounce.

Source: https://laodong.vn/tien-te-dau-tu/nhieu-cua-hang-vang-khong-ban-ra-khach-di-khap-noi-khong-mua-duoc-1351562.ldo