Today (March 11), gold shops on Phố Cầu Giấy in Hanoi, where queues once filled the street, are now fairly quiet. As a result, buying gold is much easier. Transactions are completed in 5-10 minutes; buying gold in malls is even faster. At the Phú Quý store, 329 Cầu Giấy (Hanoi): the number of customers for gold and silver transactions was quiet; customers were admitted directly into the shop, total waiting and transaction time averaged up to 10 minutes. The staff said this morning (11/3), Phú Quý serves both gold and silver transactions, and there is no limit on the quantity per transaction. Similarly, Bao Tin Mạnh Hải at 163 Cầu Giấy is also quiet. In the past week they have run out of plain gold rings and gold bars. For 0.1 tael gold, they still sell about 80 products daily. By around 10:30am, the 0.1 tael product is still available. At Bao Tin Mạnh Hải at Cầu Giấy, customers take numbers and wait about 4-5 minutes. At Bao Tin Minh Châu at 139 Cầu Giấy, around 11am, the waiting is quite crowded but not as busy as during peak days. They do not limit the number of grams per transaction; however, customers who buy more than 5 taels must pay and receive a note; only customers buying under 5 taels can take gold immediately. At DOJI's Vincom Royal City store, customers are served immediately without queuing. DOJI still offers accumulate gold products; however by around 11:30am, DOJI at Vincom Royal City had run out of accumulation gold, only jewelry remained. "The amount of accumulation gold DOJI serves is not fixed daily; the store does not accept pre-orders. The DOJI store at Vincom Royal City and other malls will open at 10am daily."
Gold price today: As of 1pm, bullion gold from SJC, PNJ, DOJI, Bao Tin Mạnh Hải is quoted at 184.2 million VND per tael for buy and 187.2 million VND per tael for sell, up 1.1 million per tael from yesterday. At Bao Tin Minh Châu and Phú Quý, price increased by 1.3 million per tael on the buy side and 1.1 million per tael on the sell side. Thus, over the past two days, domestic gold prices have risen by more than 3 million per tael and are at their highest in a week. When prices fluctuate, the most important thing for buyers is to clarify their purpose for buying gold and stick to their plan from the start. If gold is considered a long-term savings channel to preserve value, short-term fluctuations are not too worrying. In reality, gold rarely moves in a straight line, and longer-term views provide a more balanced perspective. When understanding that price volatility is normal, gold holders are less swayed by herd mentality or momentary emotions. In short, gold is not only an asset but a test of investors’ patience. Therefore, before worrying about price movements, answer simply: Why am I buying gold and how long do I plan to hold it? Once this is clear, market fluctuations become information to consider rather than daily emotional drivers. Ngọc Linh
