This week, the price of gold continuously fluctuated in an upward direction, making the market in Ha Tinh more exciting.

Customers buy gold at Phuong Xuan gold shop (Ha Tinh city).

Late afternoon on October 14, gold and silver shops in Ha Tinh City all adjusted their selling prices up by about 40,000 VND/tael compared to the day before.

At Mai Xuan gold and silver shop (Ha Tinh city), the buying price of 9999 gold is 5,670,000 VND/tael, selling price is 5,760,000 VND/tael. At Viet Ha gold and silver shop, the buying price of 9999 gold is 5,680,000 VND/tael, selling price is 5,760,000 VND/tael.

Ms. Bui Dieu Huyen - owner of Mai Xuan gold shop said: "In the past week, the gold price has fluctuated continuously following the world gold price. There were times when we had to adjust the price 2-3 times in one day. Currently, the price is at a level higher than the time of gold on the day of the God of Fortune (the 10th day of the first lunar month) by about 2.5 million VND/tael. Therefore, people who bought gold at the beginning of the year have now sold it at a profit, so many people are also taking advantage of the opportunity to sell to take profit."

Bustling transactions at Viet Ha gold shop (Ha Tinh city) on the afternoon of October 14.

Gold prices are increasing day by day, making transactions at gold shops in Ha Tinh City more exciting. Having just bought gold at Viet Ha gold shop, Ms. Nguyen Huyen Trang (Thach Ha commune, Ha Tinh city) said: “I have been following the gold price recently and see that the price is on an upward trend. Meanwhile, the interest rate on bank deposits is low at this time, so I am not interested in continuing to deposit. The gold trend will increase at the end of the year, plus the factor of increasing world prices, so I have just withdrawn my savings to buy gold. In the long term, even if the gold price drops, it is still safer than other investment channels such as bonds and real estate.”

Many women buy gold on the occasion of October 20.

In particular, this time coincides with the celebration of Vietnamese Women's Day on October 20, so many people choose to buy gold as gifts for women, causing the number of transactions at gold shops to increase. This is also the time when many families organize weddings for their children, so the demand for gold has also increased compared to a month ago.

Customers transact at Mai Xuan gold shop (Ha Tinh city).

Ms. Le Thi Anh Tuyet - Deputy Director of Phuong Xuan Gold and Silver Joint Stock Company (Ha Tinh City) shared: “3 weeks ago, the gold price peaked at 5,780,000 VND/tael for sale. After that, the gold price continued to fluctuate up and down continuously and for about a week now it has increased every day. The gold price “dances” so the number of transactions at the store also increases. Compared to normal days, transactions at the store increased by about 30%”.

According to gold shop owners in Ha Tinh, gold prices are still on the rise as the conflict between Israel and Hamas becomes more and more tense. Therefore, the gold market will continue to record a bustling trading atmosphere in the coming days. In addition, as the end of the year approaches, people's demand for gold increases, so gold and silver businesses in Ha Tinh are preparing a large amount of goods to serve customer needs.

Phan Tram - Thu Phuong