The Doji Corporation listed the price of SJC gold from 76.5 to 78.8 million VND per tael for buying and selling. This price remains the same for buying and increases by 750,000 VND per tael for selling.
The Saigon Precious Metals and Gemstones Company listed the price of SJC gold from 76.5 to 78.8 million VND per tael. The price of smooth round rings is 63.2 to 64.4 million VND per tael for buying and selling.
The Bao Tin Minh Chau Company listed the price of Dragon Thang Long Gold from 64.69 to 65.79 million VND per tael, an increase of 60,000 VND per tael.
Only 3 days left until the day of Wealth God, at gold shops, people are queuing up to buy gold for good luck.
Ms. Ngoc Minh (Hai Ba Trung, Hanoi) shared that it took her more than 30 minutes to queue up to buy gold at a shop on Tran Nhan Tong street. Ms. Minh shared that at the beginning of the year, she bought gold with the hope of a lucky and favorable new year. In 2023, Ms. Minh bought 1 tael of gold and made nearly 1 million VND per tael after 1 year.
The price of gold increases again near the day of Wealth God. Photo: Nhu Y.
“Many people buy gold at the beginning of the year in the hope of good luck. Although I know that the price of gold increases near the day of Wealth God, I bought a small quantity so I’m still happy to queue up,” Ms. Minh shared.
At the same time, the world gold price is at 2,003 USD/ounce, an increase of 6 USD/ounce. Converted at the current exchange rate, the world gold price is about 58 million VND per tael, excluding taxes and fees.
The decline in U.S. retail sales just announced has contributed to the increase of the world gold price back to the 2,000 USD/ounce mark. In the long run, the gold price still faces pressure from the possibility of the U.S. Federal Reserve raising interest rates.
