Long queues in Hanoi for buying gold ahead of Vía Thần Tài, scarcity seen in gold shops in Ho Chi Minh City

After the Lunar New Year holiday in the Year of the Tiger 2024, people flocked to queue up to buy gold for good luck.

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Despite the fact that the God of Wealth Day (10th day of the Lunar New Year) has not yet arrived, many people in Hanoi have been queuing up to buy gold for good luck throughout the year from the 15th to the 17th of February (the 6th to the 8th day of the Lunar New Year) when stores reopened for the new year.

On the “golden streets” of Tran Nhan Tong (Hai Ba Trung District) and Cau Giay (Cau Giay District) on the morning of February 17th, many gold stores were filled to capacity, and people had to wait in line for hours to buy gold.

People in Hanoi queuing to buy gold before the God of Wealth Day

According to the manager of a gold store in Cau Giay Street, the number of customers has dramatically increased after the Tet holiday. Furthermore, with the approaching God of Wealth Day on the 10th day of the Lunar New Year, the number of customers has been even higher. The reporter’s observation shows that the most popular product among customers is the 99.99 pure gold ring.

At times, with the 1-tael plain gold ring, the store only sells one product to each customer. According to the salesperson, since the 1-tael ring is favored by customers, at the beginning of the year, they only sell one ring per customer for good luck and the customer can receive the ring right away.

For customers who want to buy more, they will be scheduled to pick up the gold after the God of Wealth Day. In addition, the gold dragon mascot is also being chosen by many people in the Year of the Dragon 2024.

People in Hanoi queuing to buy gold before the God of Wealth Day

Mr. Tran Huu Dang, CEO of ASEAN Gold Silver Gemstone Corporation (Hanoi), confirmed that people in Hanoi have been buying a lot of gold at the beginning of the year. They are focusing on buying 1-tael gold rings and other gold products related to the God of Wealth Day, while SJC gold pieces are less popular.

People in Hanoi queuing to buy gold before the God of Wealth Day

Representatives from Bao Tin Minh Chau Gold Company (Hanoi) also said that on the morning of February 17th, hundreds of customers bought gold for good luck on the God of Wealth Day, with the most popular choice being the round gold Dragon of Thang Long.

People in Hanoi queuing to buy gold before the God of Wealth Day

People in Hanoi queuing to buy gold before the God of Wealth Day

People in Hanoi queuing to buy gold before the God of Wealth Day

People in Hanoi queuing to buy gold before the God of Wealth Day

In Ho Chi Minh City, the buying power of customers at the stores of Mi Hong Gold Silver Gemstone Company (Ba Chieu Market area, Binh Thanh District) has been increasing, but it hasn’t reached the point of queuing or overcrowding.

At gold shops in Tan Dinh Market (District 1), Go Vap, and Cau Market (District 12), the number of customers is not too high.

People in Hanoi queuing to buy gold before the God of Wealth Day

People in Hanoi queuing to buy gold before the God of Wealth Day

Ms. Han Thi Binh, owner of Kim Phat I Gold Shop (Go Vap Market), said that the number of customers buying gold for good luck at the beginning of the year and on the God of Wealth Day has not increased significantly. On February 17th, customers mainly came to the shop to exchange their old gold products for new ones.

Minh Phong Thy Tho

SOURCEvietstock
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