Gold bars fell, gold jewelry increased in price close to the day of God of Wealth

(PLO)- On the afternoon of January 30 (ie the 9th of the Lunar New Year), the domestic gold market witnessed an unprecedented rapid decline of SJC gold bars in nearly 4 recent months.

In just one day, the price of SJC gold bar “evaporated” to more than one million dong per tael. By the end of the day, the price of SJC gold bars at Phu Nhuan Jewelry Company was only 66.3-67.3 million VND/tael, down 1.2 million VND/tael compared to yesterday morning.

Similarly, the price of SJC gold bars at other gold trading enterprises such as Saigon Jewelry Company decreased by 800,000 VND/tael, buying and selling prices decreased to 66.4 – 67.4 million VND/tael. Thus, after 2 consecutive days of decline due to strong selling, SJC gold bars have so far “flyed” about 1.3-1.5 million dong/tael depending on each store.

While the price of SJC gold bar plummeted in the afternoon, ring gold 9999 tended to increase slightly. For example, Mi Hong Gold and Silver Company at 5 pm this afternoon adjusted to increase the price of 24K gold jewelry by 100,000 VND/tael. Bringing the transaction price of 24K gold jewelry to 54.2 – 55.2 million VND/tael. The difference between buying and selling prices widened to 1,000,000 VND/tael.

To pray for luck, many people take advantage of visiting the gold shop to buy fortune at the beginning of the year, but there is no jostling situation, or long waiting.

A survey of gold shops in Ba Chieu market (Binh Thanh district, HCMC) recorded that only a few gold shops had a busy number of visitors, while most other gold shops were empty.

Unlike many years ago, people tend to choose gold bars or SJC gold rings, now most consumers tend to choose plain gold rings, bracelets, necklaces, earrings… instead of gold rings. SJC gold bars for good luck on the day of the God of Wealth.

Close to the day of the God of Fortune, the price of gold is ‘flaming red’

(PLO)- Just opening the trading session this morning, gold price continuously adjusted downward, in some places “falling” nearly 1 million dong per tael, SJC gold bar to “perforate” 68 million dong/tael.


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