On the afternoon of October 13, at the shops on the "gold street" Tran Nhan Tong, Hanoi, many people still chose to buy gold despite the high price, over 70 million VND/tael.
According to Mr. Nguyen Ngoc Minh, representative of Minh Ngoc gold shop, the price of gold is still high compared to the beginning of the year. Since the beginning of the week, many people have come to the shop to buy this item, and many people have come to sell to make a profit.
In today's trading day, the gold price has "cooled down", but most businesses and stores listed the gold price at over 70 million VND/tael.
However, experts say that the world gold price has increased due to concerns about the conflict between Israel and Hamas, so when the conflict threatens to spread in the Middle East, the gold price may continue to increase as it did during the previous conflict between Russia and Ukraine. In this context, this is a safe haven.
Along with that, at this time, interest rates are decreasing, many people also tend to switch to buying gold as an investment channel with better returns.
Ms. Hoang Nhu Thuy, residing in Dong Da district, Hanoi, shared that although the price of gold is high, because it is related to the wedding season, she still decided to buy it as a dowry for her child according to custom.
Bao Tin Minh Chau representative said that domestic gold prices are still at a high level. Therefore, investors and people should consider before trading and regularly monitor gold prices on official channels to make the most correct decisions. In addition, investors and people can choose to buy gold rings instead of high-priced gold bars at this time.
Currently, compared to the increase in SJC gold price, the price of gold rings has a smaller increase. Specifically, compared to the time when gold prices started to increase from the beginning of the week, updated at 4:30 p.m. today, the price of gold rings at Bao Tin Minh Chau Jewelry Company is listed at 56.62 - 57.52 million VND/tael (buy - sell), an increase of 240,000 VND/tael in both buying and selling.
Meanwhile, the price of SJC gold traded at this enterprise was at 69.52 - 70.18 million VND/tael (buy - sell), an increase of 700,000 VND/tael in both buying and selling.
According to Tin Tuc newspaper