Ho Chi Minh City Gold Market Remains Cautious Amid Price Rebound
Gold prices in Ho Chi Minh City have rebounded, but the number of customers buying gold remains steady. At some gold trading stores, records show that while gold prices are increasing, the quantity of gold being purchased has not fluctuated significantly.
Many customers are choosing to buy small quantities of gold for accumulation purposes, and experts say this cautious psychology is dominating their decision-making. 'I still follow gold prices every day,' said Nguyen Thi Tien, a resident of Thanh My Tay ward. 'I only buy a little to accumulate, and do not put much money into gold at this time because prices fluctuate quite quickly.'
Gold shop owners report that purchasing power has not increased sharply recently, despite rising gold prices. Transactions are mainly coming from groups of customers buying for accumulation purposes.
According to Tran Duy Phuong, Director of Golden Fund Jewelry Company, the domestic gold market has been relatively gloomy over the past three months due to factors such as fluctuating world gold prices and increased savings interest rates.