Gold price decreases on God of Wealth Day

February 19, 2024 | 13:07

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Domestic gold price decreased by 150,000 VND (6.1 USD) per tael (37.5 grams) at the beginning of trading on February 19 - God of Wealth Day (the tenth day of the first lunar month) compared to the price at the end of February 18, with many fluctuations expected on the market during the day.

Gold price decreases on God of Wealth Day, Illustrative image (Photo: VNA)

Hanoi – Domestic gold price decreased by 150,000 VND (6.1 USD) per tael (37.5 grams) at the beginning of trading on February 19 - God of Wealth Day (the tenth day of the first lunar month) compared to the price at the end of February 18, with many fluctuations expected on the market during the day.

At 8.50 am, Phu Quy Jewelry Group listed its buying price of SJC gold at 75.4 million VND per tael and the selling price at 78.2 million VND per tael, down 350,000 VND per tael and 150,000 VND per tael, respectively, compared to the end of February 18.

The Saigon Jewelry Company (SJC) bought SJC gold at 75.4 million VND per tael, down 400,000 VND per tael, and sold at 78.42 million VND per tael, unchanged from the end of the previous day.

Vietnamese prefer buying gold to mark God of Wealth Day – the tenth day of the Lunar New Year, as legend has it that the God of Wealth returns to heaven on the tenth day of the first lunar month each year. Vietnamese people consider this God of Wealth Day, so they have a tradition of buying some gold for good luck and prosperity throughout the year.

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Domestic gold prices kept skyrocketing on December 20 morning to pass the historic high, reaching 75.4 million VND (nearly 3,100 USD) per tael (1.2 ounces).