Gold price turns down, Vinh City residents still flock to trade
QA•August 8, 2020 11:51
(Baonghean.vn) - After reaching its peak on August 7, the price of gold has now dropped sharply, however, the number of people trading and buying and selling gold on the morning of August 8 is still very crowded in Vinh City.
Vinh City residents buy and sell gold on the morning of August 8. Clip: QA
After reaching the peak of 62.05 million VND/tael (selling) and 60.05 million VND/tael (buying) on August 7, on the morning of August 8, the gold price in Vinh City only fluctuated at 60 million VND/tael (selling) and 58.5 million VND/tael (buying) for SJC gold bars. Round rings and 9999 jewelry also decreased by 200,000 - 300,000 VND/tael. From early morning of August 8, a number of gold shops in Vinh City were crowded with people. Photo: QA
It is known that the sudden increase in the number of customers is due to people knowing about the record increase in gold prices on August 7, combined with the weekend, so many people went to buy and sell, surveying gold prices. Ms. Nguyen Phuong Thao, a sales employee at a gold shop, said: The number of people coming to trade increased more than yesterday (August 7), however, there were also many people who came just to see the price and calculate investments, not to close the transaction. Photo: QA
Mr. Nguyen Van Minh, Le Loi ward said: "Although the gold price has decreased compared to yesterday, it is still at a high level for the month, so my husband and I still decided to sell the gold we have saved to invest in business and avoid the gold price continuing to decrease in the coming time." Photo: QA
According to the survey, round rings and gold bracelets were the most sold items by people in the past 2 days. The number of people buying gold is not much because gold is still at a high price and weddings are being postponed due to the Covid-19 epidemic. Photo: QA
In contrast to the crowded situation at some large, long-standing gold shops, at some small gold, silver and gemstone shops, the number of buyers, sellers and transactions was quite quiet on the morning of August 8. Photo: QA
(Baonghean.vn) - Gold prices hit a record high last weekend and are still at a high level despite the decrease. Currently, Vinh City residents are cautious about the market and are not rushing to buy gold for investment at this time, and many people come to gold shops mainly to sell.
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