Gold prices start to increase right at opening time on God of Wealth day
At 8am this morning, stores began to open for sale on the day of the God of Wealth. The price of gold started to increase slightly to the 90 million VND mark in the afternoon sale.
Domestic gold price opening hours on God of Wealth day
Today's domestic gold price, February 7, 2025, started to increase slightly on the day of the God of Wealth. The domestic gold bar price early this morning was adjusted up to 90 million VND/tael for sale in the afternoon.
Saigon Jewelry Company (SJC) early this morning listed the price of gold rings type 1-5 at only 86.8-90.3 million VND/tael (buy - sell), an increase of 400 thousand VND per tael for buying and an increase of 700 thousand VND per tael for selling compared to the end of yesterday's trading session.
Similarly, Doji Gold and Gemstone Group early this morning raised the price of 9999 gold rings to 86.6-90.3 million VND/tael (buy - sell), an increase of 600 thousand VND/tael in both buying and selling directions compared to yesterday's closing price.
Opening the trading session on February 7, the price of SJC 9999 gold increased by 100,000 VND per tael for buying and 400,000 VND per tael for selling compared to the closing price of yesterday's trading session, up to 86.5-89.5 million VND/tael (buying - selling).
The latest gold price list today, February 7, 2025 is as follows:
| 1.DOJI- Updated: 2/7/2025 08:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 86,500▲100K | 90,000▲400K |
| AVPL/SJC HCM | 86,500▲100K | 90,000▲400K |
| AVPL/SJC DN | 86,500▲100K | 90,000▲400K |
| Raw material 9999 - HN | 86,300▲100K | 89,100▲400K |
| Raw material 999 - HN | 86,200▲100K | 89,000▲400K |
| AVPL/SJC Can Tho | 86,500▲100K | 90,000▲400K |
| 2.PNJ- Updated: 2/7/2025 08:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 86,700 | 89,700▲200K |
| HCMC - SJC | 86,500▲100K | 90,000▲400K |
| Hanoi - PNJ | 86,700 | 89,700▲200K |
| Hanoi - SJC | 86,500▲100K | 90,000▲400K |
| Da Nang - PNJ | 86,700 | 89,700▲200K |
| Da Nang - SJC | 86,500▲100K | 90,000▲400K |
| Western Region - PNJ | 86,700 | 89,700▲200K |
| Western Region - SJC | 86,500▲100K | 90,000▲400K |
| Jewelry gold price - PNJ | 86,700 | 89,700▲200K |
| Jewelry gold price - SJC | 86,500▲100K | 90,000▲400K |
| Jewelry gold price - Southeast | PNJ | 86,700 |
| Jewelry gold price - SJC | 86,500▲100K | 90,000▲400K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 86,700 |
| Jewelry gold price - Jewelry gold 999.9 | 86,700 | 88,100 |
| Jewelry gold price - Jewelry gold 999 | 86,610 | 88,010 |
| Jewelry gold price - Jewelry gold 99 | 86,320 | 87,320 |
| Jewelry gold price - 916 gold (22K) | 79,800 | 80,800 |
| Jewelry gold price - 750 gold (18K) | 64,830 | 66,230 |
| Jewelry gold price - 680 gold (16.3K) | 58,660 | 60,060 |
| Jewelry gold price - 650 gold (15.6K) | 56,020 | 57,420 |
| Jewelry gold price - 610 gold (14.6K) | 52,490 | 53,890 |
| Jewelry gold price - 585 gold (14K) | 50,290 | 51,690 |
| Jewelry gold price - 416 gold (10K) | 35,400 | 36,800 |
| Jewelry gold price - 375 gold (9K) | 31,790 | 33,190 |
| Jewelry gold price - 333 gold (8K) | 27,820 | 29,220 |
The central exchange rate on February 7 announced by the State Bank was 24,462 VND/USD, an increase of 37 VND compared to the previous trading session. The USD price at commercial banks this morning (February 7) was commonly listed at 25,060 VND/USD (buy) and 25,450 VND/USD (sell).
How has the price of gold been on God of Wealth Day over the past 10 years?
For more than ten years now, every year on the God of Wealth's day (the 10th day of the first lunar month), thousands of people have flocked to gold shops to buy this precious metal to pray for luck and prosperity.
Normally, gold prices increase before Tet and then drop sharply on the morning of the 9th, but this year the price has held up quite well, hovering around 90 million VND and supply is scarce.
The price of gold on God of Wealth Day in the past 5 years has had a familiar scenario of decreasing on the day before, being pushed up on God of Wealth Day itself and then cooling down at the end of the day, even decreasing deeply in the following days.
Early this morning, February 7, although the stores did not open until 6:30, at 3:00 there were already dozens of people sitting huddled in the cold rain waiting to buy gold for the God of Wealth.
Some gold brands said that the amount of gold bars and gold rings prepared for the God of Wealth Day this year has decreased compared to the same period last year. However, the amount of gold sold will not be limited. Many products are predicted to "sell out" early on the God of Wealth Day due to scarce supply.
This year, in the context of the complex global geopolitical and economic situation, gold has maintained its position as an important asset. The upward trend is expected to be maintained by many parties.