The price of gold rings and gold bars has been increasing and decreasing continuously in the run-up to God of Wealth Day 2025. Will the scenario of gold prices on God of Wealth Day repeat itself like every year?
Gold ring price, gold bar price increase and decrease every hour
On February 5, 2025, domestic gold prices fluctuated continuously. Updated at 8:25 a.m., the price of SJC gold bars at SJC Gold and Gemstone Group was listed at VND 88 - 91 million/tael (buy - sell), an increase of VND 800,000 in the selling price compared to the previous session. Phu Quy's SJC gold bars were bought at VND 88 million/tael and sold at VND 91 million/tael. DOJI system recorded a significant increase when gold bars were listed at VND 88 - 91 million/tael. Bao Tin Minh Chau and PNJ also adjusted the price of SJC gold bars to VND 88 - 91 million/tael, equivalent to some other brands on the market.
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| Domestic gold prices fluctuated strongly before the God of Wealth's day. Photo: Minh Trang |
The price of gold rings at some brands also had adjustments. SJC gold rings were traded around 88 - 90.5 million VND/tael, slightly down from the previous session. At Phu Quy, the price of round gold rings fluctuated at 88.3 million VND/tael when buying and 90.7 million VND/tael when selling. The price of DOJI gold rings fluctuated at 88.6 - 90.1 million VND/tael in both buying and selling directions.
Will the gold price scenario on God of Fortune Day repeat?
This year, God of Wealth's day falls on Friday (February 7), however, these days, people have been lining up to buy gold to pray for good luck.
To serve customers' needs, many gold businesses have stepped up product promotion, launching unique gold rings, gold bars and gold jewelry models, typical of the year of the Snake 2025.
At Saigon Jewelry Company Limited - SJC, on the day of God of Wealth 2025, this enterprise launched the collection "Kim Ty Nghinh Tai" and "Lucky Golden Snake" type 1 to serve the diverse shopping needs of customers.
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| The "Kim Ty Nghinh Tai" gold piece is prominently designed with the image of a strong snake, sharp motifs and harmonious layout. Photo: SJC |
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| "At Ty Dac Loc" gold coin with the image of a snake - the symbol of the year 2025. Photo: Minh Trang |
Phu Quy Gold and Silver Group also introduced the "At Ty Dac Loc" collection in the "Phu Quy Cat Tuong" collection of 12 zodiac animals, meticulously crafted from pure gold with high-end 999.9 gold products. The highlight of this collection is the products bearing the image of the mascot of the new year, depicting the unique beauty of the snake - a symbol of flexibility, intelligence and luck.
Similarly, to meet the need for giving luck at the beginning of the year, PNJ also introduced the "Spring - God of Wealth 2025" collection with many impressive jewelry and fortune gold designs. One of the outstanding products of the collection is "Vuong Xa Tran Bao" and "Kim Bao Nhu Y" with the main image of the Ruyi stick and four-leaf clover. PNJ also launched the lucky gold product "At Ty Tat Thanh", inspired by the snake mascot, expressing the flexibility, intelligence, and style of young people in 2025.
DOJI Group launched the “Kim Ty Gold Coin” duo on the occasion of the God of Wealth. This collection includes two main products: “Kim Ty Phat Loc” and “Kim Ty Chieu Tai”, both crafted from 999.9 gold, designed with different weights, from 1 to 5 chi. This helps customers easily choose according to their needs and budget. In addition, DOJI also launched the God of Wealth gold products, including two special designs: “Than Tai Dai Phat” and “Than Tai Thinh Vuong”, carrying the message of luck and prosperity in life.
Along with launching lucky gold collections to attract customers on the occasion of God of Wealth Day 2025, major gold and silver trading brands also launched many incentive programs to attract customers to shop before God of Wealth Day.
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| People line up to buy gold before the God of Wealth Day in 2025. Photo: Minh Trang |
Notably, the closer it gets to the God of Wealth Day, the more investors and people pay attention to the price of gold rings and gold bars. Because, if following the "scenario" of previous years, the price of gold rings and gold bars on the God of Wealth Day is quite familiar, increasing on the days close to the festival, reaching its peak on the morning of the God of Wealth Day and then gradually decreasing.
Typically, on the occasion of the God of Wealth Day in 2023, the highest selling price of SJC gold bars was about 68 million VND/tael, while the selling price of 9999 gold was at 55.7 million VND/tael. In 2024, the price of SJC gold peaked at 76.8 million VND/tael, while the price of plain round gold rings was traded at an average of 64 - 65 million VND/tael. But after only one year, in 2025, this price increased by more than 20 million VND/tael, showing strong fluctuations in the gold market.
Making predictions for the price of gold rings and gold bars on God of Wealth Day 2025, domestic experts predict that gold prices will continue to increase, even increase sharply at, before, and during God of Wealth Day 2025.
Experts also recommend that on the occasion of God of Wealth, people should consider carefully before buying gold, avoid buying according to the crowd mentality because, for many years, gold prices often increase on God of Wealth day but can then decrease sharply.
On the international market, at around 9:20 a.m. on February 5, Vietnam time, the spot gold price on Kitco reached 2,850.50 USD/ounce, up 7.20 USD/ounce (+0.25%) compared to the previous session. Gold futures also recorded an increase of 22.3 USD, trading around 2,872.9 USD/ounce. Expert Daniel Pavilonis from RJO Futures commented that gold is on a strong upward trend and the 3,000 USD/ounce mark is completely achievable. He said that trade tensions and the risk of prolonged inflation will continue to boost demand for gold as a safe haven.
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| The domestic and international gold markets will have many fluctuations in the coming time. Photo: Minh Trang |
A stronger US dollar could put temporary pressure on gold prices, but holding gold remains a sensible strategy amid a potential trade war, said UBS analyst Giovanni Staunovo, who forecasts gold prices could hit $2,850 an ounce in the coming months.
David Meger, director of metals trading at High Ridge Futures, also said that uncertainty surrounding U.S. tariffs is supporting gold prices despite headwinds from the greenback. Meanwhile, JP Morgan noted that while falling equity markets may create short-term pressure, gold’s medium-term uptrend remains solidified due to the negative impact of tariffs.
Jigar Trivedi, senior analyst at Reliance Securities, warned that while safe-haven demand is supporting gold prices, the strength of the US dollar and expectations of fewer-than-expected Fed rate cuts could limit the precious metal’s gains.
Currently, the world gold market is paying attention to important US economic data this week, including the private sector employment report and non-farm payrolls. These figures will provide more clues about the health of the US economy and influence the Fed's monetary policy outlook, thereby affecting the gold price trend in the coming time.
In the past, the custom of buying gold on God of Wealth Day was mainly popular among business people. However, in recent years, this habit has become more and more widespread, becoming a familiar custom to many people, even those who do not work in the business sector. People believe that buying gold on this day will bring good luck, help the whole year of business go smoothly, and finances be abundant. This year, the God of Wealth Day falls on Friday, February 7, 2025. As usual, the gold market is expected to be bustling as many people rush to buy gold to pray for wealth and prosperity in the new year. |
Source: https://congthuong.vn/gia-vang-ngay-than-tai-kich-ban-quen-thuoc-co-lap-lai-372253.html
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