At noon on the day of God of Wealth, people flocked to buy gold, the stores were crowded with customers. Some traders were worried about "selling out" because of the shortage of supply, while some customers decided to buy up to 200 taels of gold rings despite the high price.
Gold prices this afternoon (January 10 of the lunar calendar) were adjusted by brands to increase to a new level compared to yesterday's closing price.
Specifically, the price of gold rings at Bao Tin Minh Chau is listed at 86.8-90.25 million VND/tael.
Doji Gold and Gemstone Group increased the price of 9999 gold rings to 86.6-90.3 million VND/tael, while Saigon Jewelry Company Limited (SJC) listed the price of gold rings of type 1-5 at only 86.8-89.8 million VND/tael.
Meanwhile, SJC gold bars have a common price of 86.8-90.3 million VND/tael (buy - sell).
Despite the high price of gold, people still flocked to buy gold for luck at noon today (February 7). Inside the store, buyers jostled each other. Outside, hundreds of people sat in line waiting.
Due to the large number of customers, some gold shops on the day of God of Wealth only sell, not buy. Or, customers who come to sell gold must bring a paper appointment to come back the next day to receive money, because "all accountants are mobilized to handle payment procedures for customers buying gold".
According to VietNamNet reporters , this morning, most customers came to buy 1-2 taels of gold rings or gold coins or gold bars. The number of customers buying gold by weight is not much.
“I bought 20 taels of gold rings and gold coins, but I bought them for a family member. I have 5 taels,” Ms. Do Thu Hoai boasted. In addition to the gold rings, today she bought a gold coin to collect the full set of 12 zodiac animals. She will use this gold as a dowry for her children when they get married.
Holding in her hand a 3-tael gold ring she just bought at Bao Tin Minh Chau store, Ms. Nguyen Thi Ngoc, 54 years old, on Bach Mai street (Hai Ba Trung, Hanoi) said: "In the past, this gold store had a kiosk in Mo market. Since I was 13-14 years old, I went to buy gold on God of Wealth day with my parents."
This year is the 40th year that Mrs. Ngoc has bought gold, both for luck and for her children and grandchildren.
Talking to VietNamNet , Ms. Hoang Thi Hanh - Director of Gold Trading and Exchange of Bao Tin Minh Chau Company Limited, said that the amount of gold prepared for the God of Wealth this year is still relatively abundant, mainly plain rings, gold coins, gold bars and gift products made of 9999 gold.
Regarding the number of customers coming to trade, Ms. Hanh said: "From the 6th day of Tet until now, customers always have to wait in line to buy. The amount of gold sold has also increased sharply by 20-30% compared to normal days." Particularly two days before the God of Wealth's Day, when the price of gold peaked, people sold a large amount of gold to make a profit.
Most customers only buy a few taels of gold to accumulate as a form of savings. In particular, there was a customer who decided to buy up to 200 taels of plain round gold rings on this God of Wealth day. According to her, customers who buy such large amounts of gold are mainly for investment.
A representative of the Doji gold brand also said that from early morning, the stores were crowded with customers. At some branches, employees had to inform the warehouse to replenish the products of the God of Wealth and Kim Ty gold coins because the number of customers ordering them increased suddenly.
“At more than 200 Doji jewelry centers, from February 5 to the morning of February 7 (ie January 8-10), millions of visitors came to buy gold and experience festival activities throughout the system,” he informed.
Ms. Bui Hong Tam - General Director of Ancarat Vietnam Joint Stock Company, commented that this year the amount of gold the company is preparing to supply to the market after Tet and on the day of God of Wealth is less than last year.
In addition to the scarcity of raw gold supply, another aspect is that businesses anticipate and calculate the possibility that the market will be sluggish. However, the number of customers coming to buy gold still increases quite strongly.
According to Mr. Mai Huy Tuan - Deputy General Director of Phu Quy Gold and Gemstone Group, from after Lunar New Year to the day of God of Wealth, the gold supply is very limited, not enough goods to sell. The total amount of gold of all kinds that the company prepares to sell on the occasion of God of Wealth this year is less than previous years.
On God of Wealth Day in 2024, Phu Quy ran out of gold by 11am. This year, gold is expected to sell out early, Mr. Tuan said.
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Source: https://vietnamnet.vn/tiem-vang-chi-ban-ra-ngay-than-tai-co-nguoi-chot-mua-200-chiec-nhan-tron-2369283.html
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