This year's God of Wealth Day falls on February 19 (January 10), but because today (February 18) falls on Sunday, many people take advantage of the day off to buy gold.
According to a survey by Lao Dong reporters on Cau Giay Street (Cau Giay District, Hanoi) on February 18, the stores were bustling with customers. This year, the products that many people are looking to buy are plain round rings and SJC gold bars due to the need to accumulate and the ability to retain the value of this gold product.
Mr. Dao Huy Long (36 years old, Bac Tu Liem district), a customer, said: "The Lunar New Year holiday just ended, and my children at home also received some lucky money, so today my wife and I went out to buy gold to save for our children and bring good luck on the first day of the new year.
I saved up and bought 3 taels of gold to give my children capital in the future. Doing so will teach them how to save and help prevent money from being lost."
Meanwhile, on Tran Nhan Tong Street (Hai Ba Trung District, Hanoi), shops here are welcoming a large number of customers to trade. Although the price difference is high at about 2.5 - 3 million VND/tael, investors still come to buy gold for luck on the God of Wealth day.
Ms. Nguyen Thi Huyen (26 years old, Hoan Kiem district), a saleswoman at a gold shop on Tran Nhan Tong street, shared: "Today, customers mainly come to buy plain round rings and gold products with dragon shapes. Because of the large number of transactions, the shop often has to let customers wait outside to provide enough products for customers."
"Before buying gold today, I also noticed that the gold price was going down, but I also found the current difference between buying and selling prices worrying. Because I'm not investing to make a profit, I bought one or two taels for good luck at the beginning of the year" - Mr. Nguyen Trung Quan (Ba Dinh district) said.
Gold price developments
As of 2:30 p.m. on February 18, the domestic gold price listed by DOJI Group was VND75.75 million/tael for buying and VND78.35 million/tael for selling. The difference between the buying and selling price of SJC gold at DOJI was VND2.6 million/tael.
Meanwhile, Saigon Jewelry Company SJC listed the buying price of gold at 75.8 million VND/tael; the selling price was 78.4 million VND/tael. The difference between the buying and selling price of SJC gold was 2.6 million VND/tael.
World gold price opened today's trading session listed on Kitco at 2,013.2 USD/ounce.
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