Gold price turns down but still slow to sell right before God of Fortune Day

Việt NamViệt Nam20/02/2024

This morning (February 18), the 9th day of the Lunar New Year, only one day left until the God of Wealth Day, but the gold market is quite quiet. It is noted that many large gold and gemstone companies and stores in Ho Chi Minh City have the same situation of few customers and sparse trading.

At the main store of Saigon Jewelry Company - SJC on Nguyen Thi Minh Khai Street (District 3, Ho Chi Minh City) is quite deserted, completely different from the bustling situation of many previous God of Wealth occasions.

T.XUAN

Occasionally there are customers coming to buy gold.

T.XUAN

A similar situation of lack of customers also occurred at PNJ Nguyen Van Troi Jewelry Center (Phu Nhuan District).

T.XUAN

The number of customers transacting at PNJ store on the morning of the 9th day of Tet can be counted on the fingers.

T.XUAN

Meanwhile, at private stores such as Mi Hong, An Dong market area (District 5) or Thiec market (District 11), the number of customers is higher but still sharply lower than previous God of Wealth occasions.

At Mi Hong store (Binh Thanh District), customers mainly buy jewelry such as bracelets, necklaces, rings...

T.XUAN

Thiec Market area (District 11) is currently considered to have the highest concentration of gold, silver and gemstone shops in Ho Chi Minh City. Customers here are usually more crowded than other places, but this year's God of Wealth festival was not too busy.

Mr. PHUONG

Customers transacting at gold and silver shops in Thiec market are just like normal days even though there is only 1 day left until the God of Wealth day.

Mr. PHUONG

The owner of a gold shop at Thiec market estimated that the number of customers buying gold during the God of Wealth Festival this year has decreased by more than half compared to previous years.

Mr. PHUONG

The deserted scene is also the image taking place at the gold shops around An Dong market (District 5) - a place also famous as the center of gold, silver and jewelry in the city.

At around 10:30 a.m. on the 9th day of Tet, many gold shops in the An Dong market area were still empty of customers.

Mr. PHUONG

Many stores only have sellers but no customers.

Mr. PHUONG

While the gold market was quite quiet, the gold price also decreased despite being close to the God of Wealth Day. At noon on the 9th day of Tet, the price of gold bars at SJC decreased by 200,000 - 300,000 VND compared to the morning of the same day, down to 75.8 million VND/tael for buying and 78.4 million VND for selling. In particular, SJC's 4-number-9 gold rings decreased by 50,000 VND, down to 63.6 million VND/tael for buying and 64.8 million VND for selling; 75% jewelry gold decreased by 40,000 VND/tael, down to 46.45 million VND/tael for buying and 48.45 million VND for selling./.

According to thanhnien.vn

Source: https://thanhnien.vn/vang-quay-dau-giam-gia-nhung-van-e-ngay-truoc-ngay-than-tai-185240218122109808.htm


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