Buyers beware, gold prices might drop further


The central bank does not buy gold from individuals, while SJC can sell and buy gold. — VNA/VNS

HANOI: Residents in large cities have been lining up to buy Saigon Jewellery Co Ltd (SJC) gold bars at counters set up by commercial banks since yesterday, with many saying they have not been able to finalise any purchases.

Meanwhile, bank representatives claimed there is no shortage of the precious metal and that domestic gold demand will be met.

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