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 VNĐ36.8 and 37.5 million (US$1,584 and 1,614) respectively per tael of SJC gold bar, down VNĐ40,000 for buying and up VNĐ100,000 for selling against the previous day. The gap between the buying and selling rate hit VNĐ700,000.
Sài Gòn Jewellery Joint Stock Company (SJC) quoted the buying and selling prices of its gold in Hà Nội at VNĐ36.75 million and VNĐ37.07 million per tael, respectively, an increase of VNĐ30,000 in selling price and a decrease of VNĐ30,000 per tael in buying price compared to price in Wednesday afternoon’s session.
At Phú Nhuận Jewelry 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 VNĐ36.85 and 37.05 million.
Phú Quý Gold Investment Company quoted SJC gold bars at VNĐ36.7-37 million per tael, down VNĐ130,000 for buying and VNĐ30,000 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.
Source: VNS
