Gold bullion price falls on God of Wealth Day

Bullion gold price reduced VND750,000 a tael on the God of Wealth Day, which is the tenth day of the lunar new year and fell on February 6th, when many people have been in the tradition of buying some gold for good luck and prosperity throughout the year.

Fortune seekers queue for buying gold at SJC jewelry trading center in Nguyen Thi Minh Khai street, District 3, HCMC on February 6th (Photo: SGGP)
(Photo: SGGP)

Many citizens started the gold purchase on the previous day to avoid hustle as in previous years, according to large shops in HCMC. Meantime, businesses in the city reported that the number of buyers of lucky handicraft gold products in different sizes and shapes highly surged while SJC gold bars demand reduced, forcing businesses to lower the bullion price.
 
Early in the morning, buying and selling prices surged to VND37.2 million per teal and VND37.75 million but subsequently dropped by VND350,000-600,000 a teal at 9:30 a.m.
 
At 3 p.m. on the same day, SJC gold bullion price was at VND36.4 million for buying and VND37.25 million for selling, down VND850,000 and VND400 million compared to Saturday afternoon.

By Nhung Nguyen – Translated by Hai Mien

Other news

Most view

Viettel Global to be listed in UPCOM next month

Viettel Global to be listed in UPCOM next month

At its shareholders’ meeting on June 23 in Hanoi, Viettel Group’s international investment arm Viettel Global, shareholders agreed that Viettel Global will be listed on the Unlisted Public Company Market (UpCOM) in July.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.