On February 15, gold trading units resumed operations after the Tet holiday. Although it was not yet the day of the God of Wealth (the 10th day of the Lunar New Year), many people went to buy gold for the new year. At Saigon Jewelry Company - SJC (Nguyen Thi Minh Khai Street, District 1, Ho Chi Minh City), in the gold ring area, many customers were waiting for their turn to buy. In addition to gold rings, the display counters also displayed gold pieces of the God of Wealth, the words Phuc - Loc - Tho, and images of the 12 zodiac animals...
Ms. VA (Binh Thanh, Ho Chi Minh City) took advantage of the first day of work to buy 3 taels of SJC gold bars for good luck at the beginning of the year.
Customers come to buy gold at SJC company at noon on February 15.
Customers enter gold shops in Ben Thanh market area at the beginning of the year.
Customers buying gold on the morning of February 15 at SJC company
The opening price of gold on the first day of the year dropped sharply, SJC gold bars lost 1.2 - 1.4 million VND/tael compared to before the Tet holiday. Saigon Jewelry Company - SJC bought gold bars for 75.2 - 75.4 million VND/tael, sold for 77.5 - 77.7 million VND/tael. Doji Group reduced the price by 850,000 VND per tael of SJC gold bars, bought for 76.3 million VND/tael, sold for 78 million VND/tael... The price of 78 million VND/tael was held in the first trading session of the year. SJC gold bars were 18.65 million VND/tael higher than the world price.
Gold prices fell sharply on the first day of the year
Customers buy gold rings and small gold bars related to God of Wealth
Meanwhile, the price of 4-number 9 gold rings is becoming more and more expensive, about 5.5 million VND/tael higher than the world price, although it has slightly decreased by about 300,000 - 400,000 VND/tael. SJC Company bought for 63.15 million VND, sold for 64.35 - 64.45 million VND; Bao Tin Minh Chau Company bought for 64.63 million VND, sold for 65.73 million VND; Doji Group bought for 64 million VND, sold for 65.05 million VND... A representative of SJC Company said that the God of Wealth's Day (the 10th day of the Lunar New Year) this year falls on Monday, which falls on the first working day of the week, so the company is open all day Saturday and Sunday (ie February 17 - 18, the 8th and 9th day of the Lunar New Year) to serve customers.
In addition to gold rings, many gold products for the God of Wealth day are on display.
World gold is at its lowest level in the past 3 months, trading at 1,991 USD/ounce. Compared to about 1 week ago, it has decreased by 45 USD/ounce. Gold is under pressure to decrease in price when the US announced an increase in inflation. This information is likely to affect the delay of interest rate adjustment by the US Federal Reserve (Fed) in the near future.
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