Before the God of Wealth's day, gold rings fluctuated strongly, reaching a record high. Many people took the opportunity to sell large quantities of gold rings to make a profit and take billions home.
Early morning of February 5 (8th day of the first lunar month), domestic gold ring prices were adjusted by brands to increase sharply following world gold prices.
Specifically, Saigon Jewelry Company (SJC) raised the price of 1-5 tael gold rings to 88-90.5 million VND/tael (buy - sell), an increase of 400,000-900,000 VND/tael for buying and selling, respectively, compared to yesterday's closing price.
Doji's gold ring price also increased to 88.4-91 million VND/tael; Bao Tin Minh Chau's plain round rings are listed at 88.4-91 million VND/tael.
According to VietNamNet reporters on the "gold street" Tran Nhan Tong (Hai Ba Trung, Hanoi), many people flocked to gold shops, with bustling buying and selling transactions.
At Bao Tin Minh Chau gold shop at 9am - the time when trading started, people were already lining up to buy and sell. Some people said they had been lining up since 7-8am.
At nearly 10am, the staff began handing out tickets with purchase numbers to customers, along with a reminder: “To buy gold, you must bring your ID card. Everyone write down your phone number and the amount of gold on the ticket. Today, the store does not limit the amount of gold sold.”
The staff at this store said that, close to the God of Wealth Day, the store usually does not limit the amount of gold customers can buy. However, they only issue a certain number of coupons. For example, yesterday, the branch store in Cau Giay only issued a few hundred coupons and then stopped.
"Today, Tran Nhan Tong store has just temporarily distributed more than 300 tickets," said this employee.
A representative of Phu Quy Gold Store announced that the store still has to sell a certain amount of plain rings, and will stop selling when they run out. However, these days the store does not limit the amount of gold a customer can buy.
According to this representative, the amount of gold packed in blister packs for the God of Wealth Day this year is less than previous years. Therefore, on the God of Wealth Day, the products may be sold out in the morning.
Meanwhile, at Bao Tin Manh Hai gold shop, the supply of gold in blister packs is quite abundant, customers are buying and selling in droves. Some people only come in to buy 0.3 taels of gold, others buy several taels. Most customers choose to buy plain round rings in blister packs.
Notably, many people today saw the high price of gold and took the opportunity to sell dozens of taels of gold rings to make a profit.
"Gold prices are at a record high so I have to sell," Ms. Tran Thi Nhi in Thanh Tri (Hanoi) told VietNamNet reporter when asked if she was going to buy or sell gold today.
Ms. Nhi shared that the gold she is selling today is all plain round rings of 1 tael. She bought it when the price of gold was 55 million VND and 68 million VND/tael. There are a total of 19 taels of plain gold rings, and now she is selling them all.
"With the price of 88.2 million VND/tael, I earned nearly 1.68 billion VND, minus the principal, the profit was about 514 million VND," Nhi calculated.
Similarly, Mr. Phung Thanh Chien in Ninh Binh also "hugged" 10 taels of gold rings to sell this morning to get money to build a house.
He boasted that he bought this amount of gold at the beginning of last year for 70 million VND/tael. At that time, he had 700 million VND to build a new house but had to postpone it due to family matters.
At that time, he did not know what to do with the money in his hand, and the interest rate on savings was quite low. So, he and his wife used all of it to buy gold. Unexpectedly, the price of gold increased sharply, and he and his wife immediately made a profit of 180 million VND after a year of buying gold.
Meanwhile, Ms. Nguyen Thi Yen in Long Bien (Hanoi) went to buy more gold to store. She shared that she has had the habit of storing gold since the time when the price was 1 million VND/tael until now. Accordingly, whenever she has spare money, she buys gold.
“Today, despite the high price, I still bought 5 more gold rings in blister packs. I will keep this gold in the safe and only sell it when my family really needs it,” she said.
According to Mr. Tran Van Thanh - manager of a gold shop on Tran Nhan Tong street, on the day before God of Wealth, the number of customers coming to buy gold is always greater than the number of customers coming to sell.
However, most customers buy small amounts of gold, only 1-2 taels, few customers buy several taels. Meanwhile, customers sell quite large quantities. Some people sell 1 tael, some sell several dozen taels of gold.
In particular, some customers even sold gold they bought when the price was 500,000 VND/tael. Now that the price is high, they are selling it all to make a profit, Mr. Thanh revealed.
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Source: https://vietnamnet.vn/vang-nhan-dat-ky-luc-truoc-ngay-than-tai-dan-dem-ban-om-ve-tien-ty-2368628.html
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