Economy

People in Nghe An province crowded to buy gold on the day of the God of Wealth festival.

Thanh Phuc February 7, 2025 12:02

On the morning of February 7th - the day of the God of Wealth (the 10th day of the first lunar month), many gold shops in Nghe An were bustling with customers buying gold for good luck, with many shops crowded with people waiting in line to make their purchases…

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Within a radius of about 300 meters from the center of Vinh Market, there are dozens of gold shops of various sizes. However, about 10 gold shops along Cao Thang Street consistently attract the most customers. (Photo: TP)
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Observations at gold and silver shops show numerous motorbikes and cars parked outside, while people jostle inside, waiting for their turn to transact. (Photo: TP)
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It seems that every customer has to wait quite a long time before it's their turn to transact. Photo: TP
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Ms. Kim Lien, owner of a gold shop on Cao Thang Street (Vinh City), said: “According to folk beliefs, the God of Wealth is the deity who manages wealth, fortune, prosperity, and good luck for everyone. Owning a gold product on the Day of the God of Wealth (the 10th day of the first lunar month) will bring good luck and blessings throughout the year. This morning, the number of customers coming to the shop increased many times compared to normal days. Customers mainly bought gold from 0.5 to 5 taels.” (Photo: Vinh City)
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To serve the sudden surge in customers, gold shops had to mobilize 3-4 times more staff than usual. Photo: TP
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Gold shops prepare a wide variety of designs to serve customers, such as: statues of the God of Wealth, gold coin rings, gold snake rings, gold snake necklaces, gold snake bracelets… Photo: TP
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Most people choose to buy plain, round rings because they are easy to store and there is less depreciation in processing costs when reselling them. Photo: TP
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Despite the high price of gold, people are not hesitant to buy it because it brings good luck and a wish for wealth. Photo: TP
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Currently (11:00 AM, February 7th), the price of gold listed by gold and silver shops in Nghe An ranges from 89.60-90.50 million VND/ounce (selling price) and 86-86.50 million VND/ounce (buying price). Photo: TP
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During this time, many stores launch promotional programs such as lucky draws, New Year's lucky money envelopes, and New Year's gifts to stimulate shopping. Photo: TP
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Many buyers purchasing large quantities of gold had to wait their turn to pay. Photo: TP
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A customer is delighted after buying gold for good luck on the Day of the God of Wealth. Photo: TP
Clip: Thanh Phuc
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People in Nghe An province crowded to buy gold on the day of the God of Wealth festival.
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