Gold selling prices witnessed an increase at some stores while in others unchanged on God of Wealth Day, the 10th day of the Lunar New Year, which fell on February 14 this year.
Legend has it that the God of Wealth returns to heaven on this day, so Vietnamese people have a tradition of buying gold for luck and prosperity throughout the year.
At 8:15 this morning, DOJI Gold & Gems Group JSC listed the gold buying and selling prices at VND36.8 and 37.5 million (US$1,584 and 1,614) respectively per tael of SJC gold bar, down VND40,000 for buying and up VND100,000 for selling against the previous day. The gap between the buying and selling rate hit VND700,000.
Sai Gon Jewellery Joint Stock Company (SJC) quoted the buying and selling prices of its gold in Hanoi at VND36.75 million and VND37.07 million per tael, respectively, an increase of VND30,000 in selling price and a decrease of VND30,000 per tael in buying price compared to price in Wednesday afternoon’s session.
At Phu Nhuan Jewellery Joint Stock Company (PNJ), the SJC gold price remained unchanged this morning compared to Wednesday’s closing price. The buying and selling prices were listed at VND36.85 and 37.05 million.
Phu Quy Gold Investment Company quoted SJC gold bars at VND36.7-37 million per tael, down VND130,000 for buying and VND30,000 for selling.
This year, many customers chose to purchase gold online instead of queuing up at gold shops.
PNJ also sold gold online with the price fixed at the time of order and delivery done on God of Wealth Day.
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