Gold devalues by nearly VND1 million per tael after God of Wealth Day

Gold devalues by nearly VND1 million per tael after God of Wealth Day

While the global gold price climbed, the price of gold in Vietnam on February 22 retreated by VND200,000 per tael (1.2 ounces) compared to the previous day, the day of the God of Wealth. Early in the morning, gold trading businesses simultaneously lowered their prices by VND300,000-VND350,000 per tael. However, after that bullion prices slightly increased again.
Gold products made for the God of Wealth Day which falls on February 21 this year. (Photo: VNA)

Gold companies brace for rush on God of Wealth Day

Gold demand is expected to surge on the God of Wealth Day on the 10th day of the Lunar New Year, which falls this year on February 21, as Vietnamese believe that would bring good luck and prosperity through the year.

People buy gold on the Day of the God of Wealth in Da Nang. ( Photo: SGGP)

Small gold bars sold out on God of Wealth Day

This year, the Day of the God of Wealth (the tenth day of the lunar New Year) is the same day with Valentine’s Day; therefore, gold stores, flower shops and chocolate shops have seen lots of customers going shopping on February 14.
Customers buy gold products ahead of the Day of the God of Wealth at a gold store in Ho Chi Minh City. (Photo: SGGP)

Gold stores see high foot traffic prior God of Wealth Day

City dwellers flocked to gold stores to buy the precious metal on the occasion of the Day of the God of Wealth (the tenth day of the lunar New Year) with the hope for luck and prosperity in the New Year, causing the price to highly jump on February 13.
Customers buy gold at a jewelry shops in An Duong Vuong street, District 5 on February 25, a day before God of Wealth Day (Photo: SGGP)

Gold price drops after God of Wealth Day

After strongly increasing to exceed VND37.5 million a tael on God of Wealth Day, the tenth day of the first lunar month every year falling on February 26 this year, SJC gold price has dropped by nearly VND500 a tael.
Customers at a gold shop (Photo: VNA)

Gold sold out on God of Wealth Day

Gold products were sold out at a number of stores amid a sharp increase in customers compared to previous days during the God of Wealth Day on February 25.