Gold price today February 19, 2024: Down a million dong, SJC gold falls to 77.5 million
Early in the morning of February 19, the price of SJC 9999 gold decreased by 700 thousand VND/tael for buying and 200 thousand VND/tael for selling compared to the end of the trading session last weekend. This morning, the buying and selling prices were 75.4-78.42 VND/tael. The difference between the buying and selling prices was up to 3.02 VND/tael.
Regardless of high or low gold prices and strong fluctuations during the God of Wealth's day, thousands of people still jostle to buy gold on this day to pray for the God of Wealth to "knock on the door".
At gold shops on Tran Nhan Tong street, early in the morning on God of Wealth day, hundreds of people sat in line waiting for opening time to buy gold for luck.
Sharing with PV. VietNamNet , Mr. To Hoa Binh in Dong Da (Hanoi) lined up to buy gold from 3am and said that he has kept the habit of buying gold on God of Wealth Day for 16 years now.
“Every year I buy 2 taels of gold regardless of the price. Buying gold on this day is for good luck, not for profit or loss. This year, the price of gold rings is very high, so I still bought 2 taels,” he said. The money to buy gold was all from lucky money and Mr. Binh’s pension.
He also revealed that he kept all the gold he bought for the God of Fortune. Last year, when his family needed it, he sold a few taels at a very high price.
Having bought 1 tael of gold and 8 plain round rings of 1 chi and 5 chi at a gold shop on Tran Nhan Tong street early in the morning of the God of Wealth day, Mr. Tran Minh Son in Thuong Tin (Hanoi) said that for the past 6 years, he has been buying gold on the 10th day of the first lunar month. Some years he only buys 1-2 chi, but other years he buys several taels of gold. Like this year, the total amount of gold he bought is 3.2 taels.
When asked about the risk of buying gold on God of Wealth Day, Mr. Son said: "I buy for luck and don't sell right away, so I don't care about the high or low price." In fact, the gold he bought on God of Wealth Day in the past 6 years is still kept in his safe.
Mr. Son planned that this would be an asset to save for his children in case they need it in the future. Therefore, on the day of the God of Wealth, he and his wife often arrange a sum of money to buy for luck and save.
Talking to PV. VietNamNet , Mr. Tran Huu Thuyet, representative of Bao Tin Minh Chau, admitted that customers buy on the occasion of God of Wealth's day mostly to pray for luck and fortune. The amount of gold purchased is quite small, only 0.5-2 taels/order, so people are not too concerned about the price of gold.
This year, despite the economic difficulties, the number of customers buying gold up to this point is estimated to have increased by 10-15% compared to the same period last year. Notably, not only on the day of the God of Wealth, but also on the 5th of January, people jostled each other to buy gold at stores.
“There are still more customers coming to buy gold directly than buying online. Accordingly, the rate of online orders is estimated at about 10%, the rest are direct orders,” said Mr. Thuyet. He also revealed that there are customers coming to the store to buy several taels of gold, even dozens of taels of gold on this God of Wealth day. Because, in addition to praying for luck, they also buy to store.
Ms. Tran Thi Dung, in charge of the gold counter at a large gold store on Tran Nhan Tong Street, also said that this morning there was a single customer who bought nearly 100 plain round rings and dragon-shaped gold coins in blister packs. The majority of the remaining customers chose to buy 1-5 taels, or 1-2 taels of SJC gold bars.
“Compared to last year’s God of Wealth Day, this year the number of customers buying large quantities of gold has decreased significantly,” she said. According to Dung, on the occasion of God of Wealth Day in previous years, customers bought 10-20 taels of gold quite a lot. This year, the economy is difficult, so people are also more cautious about buying gold for luck on the God of Wealth Day.
Ms. Bui Hong Tam, General Director of Ancarat Joint Stock Company, said that the demand for buying God of Wealth gold has increased in recent days. The stores are always crowded with customers coming to buy gold even though the value of each order is only a few million VND.
“Customers come to buy from 6am to 10pm. People usually choose the products they like, few people ask about the price because they buy for luck,” said Ms. Tam.
On this occasion of God of Wealth Day, Ms. Tam’s company prepared up to 30,000 products of various types to serve people’s gold buying needs. By the afternoon of January 9, 2 type 1 gold bar products, only pressed in blister packs, were “sold out”. Gold products designed with dragons – the mascot of 2024 – were also almost out of stock.
Mr. Tran Huu Thuyet also said that some products are especially popular such as plain round rings of 0.5 chi and 1-2 chi. Therefore, businesses must prepare a huge amount of goods to serve customers' needs, avoiding the situation of "out of stock" temporarily like previous years.
At 10:10 a.m. on February 19, the price of SJC 9999 gold continued to decline sharply, up to 900,000 VND/tael in both buying and selling directions compared to early this morning. The updated price of SJC 9999 gold was 74.5-77.52 million VND/tael (buying - selling).
Sky-high prices, on God of Wealth day should you buy gold rings or SJC gold bars?
Beautiful gold collections for God of Wealth day
Source
Comment (0)