This morning, October 9th, domestic gold prices continued to surge to new highs. Saigon Jewelry Company listed SJC gold bars at VND 140.5 – 142.5 million per tael (buy – sell), a VND 1.9 million increase from yesterday morning.
VIDEO: Crowds queue to buy gold in Hanoi. Video: Minh Chiến
Phu Quy Jewelry Corporation listed gold bars at VND 140 – 142.5 million per tael. Mi Hong Gold System listed gold bars at VND 141.5 – 142.5 million per tael.
Gold ring prices also hit new records. Bao Tin Minh Chau Company listed gold rings at VND 138.2 – 141.2 million per tael, a VND 2 million increase from yesterday morning. Phu Quy gold rings were listed at VND 137.5 – 140.5 million per tael.
On October 9th, global gold prices reached USD 4,010 per ounce, a USD 15 increase from yesterday morning.
Amid soaring gold prices, reporters from *Nguoi Lao Dong* newspaper observed hundreds of people queuing at Bao Tin Minh Chau’s gold store on Cau Giay Street (Hanoi) from early morning to buy gold and conduct related transactions.
The store’s lobby and courtyard were packed with customers. Security staff frequently reminded customers to park vehicles in designated areas and queue in pre-arranged positions. By 7:30 AM, all waiting areas were fully occupied.
Ms. Nguyen Thu Hong (Tu Liem District, Hanoi) arrived at 6 AM to buy gold rings. Despite high prices, she noted that global gold prices were similarly volatile, prompting her to buy now to avoid further increases.
Store staff arrived early to register customers and issue queue numbers. Recently, many gold retailers have limited the amount of gold each customer can purchase, depending on the type.
Crowds queue to buy gold at Cau Giay Street store on October 9th
Customers arrive at the store after 7 AM
Crowded lobby and courtyard at the gold store
Early arrivals aim to buy gold amid record prices
Domestic gold prices soar, prompting queues over fears of further increases
Bao Tin Minh Chau gold store on October 9th
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