Gold market is quiet before God of Wealth day

SJC gold price reversed and decreased slightly (illustrative photo)

According to the reporter's investigation at some gold and silver stores in Hai Duong city such as Doji, PNJ, Hai Hong, Van Anh... the number of customers coming to buy and sell gold on January 28-29 (ie the 7th and 8th of the first lunar month) increased by 30% compared to the opening day of trading on January 27 (the 6th of the first lunar month), but decreased nearly 10 times compared to the same time before the God of Wealth's day last year.

Although the volume of buying and selling transactions was equivalent, the value of transactions that people sold to stores was higher than the value of transactions that they bought. In particular, there was a business that bought more than 4 taels (trees) of gold, more than 10 times the amount of gold that this business sold at the same time.

According to the explanation of the shop owners, people often choose to buy from half a tael to 2 taels of gold to pray for luck on the day of the God of Wealth. Meanwhile, the price of gold has increased continuously in recent days, increasing the demand for selling gold. However, by 3:30 p.m. on January 29, the price of gold had reversed and decreased slightly. SJC gold was bought by shops at 67.25 million VND/tael, sold at 68.35 million VND/tael, down about 300,000 VND/tael in both buying and selling compared to the end of January 28, at the same level as the end of January 27. 9999 round gold rings were bought by stores at 54.3 million VND/tael and sold at 55.65 million VND/tael, equivalent to the transaction price on January 28, a slight decrease of 100,000 VND/tael compared to January 27.

HK