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People buy gold as prices reach historic peak
  • | dtinews.vn | May 08, 2024 11:02 AM
Local gold shops have seen long queues due to rising sales.



Long queues at gold shops in Hanoi on May 6. Photo by Laodong.

A staff member at a gold shop on Hanoi's Tran Nhan Tong Street said they had received a rising number of customers over the past two days.

"Many people were even queueing up before we opened this morning," he said. "We couldn't serve all the customers yesterday, so they returned today. We sometimes limited sales or asked customers to pay first and receive gold later."

At 8,30 am on May 8, the price of gold bars by Saigon Jewellery Company (SJC) remained high at VND85.10 million per tael for buying and VND87.30 million per tael for selling.

As gold prices have continued rising since the beginning of this year, many investors have earned big profits.

Pham Lan Ha said that on January 1, she bought five taels of SJC gold for VND74 million each, and now the price has soared to over VND87 million.

"I think that gold prices will continue to rise, so I'm going to buy some more," Ha said.

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