As the day of the God of Wealth approaches, the gold market in Nghe An is bustling.
(Baonghean.vn) - Starting from the 5th day of the Lunar New Year until now, gold shops in Nghe An have been bustling with customers buying gold to bring good luck at the beginning of the year. This year, the items for the God of Wealth Day are diverse in design and weight, catering to the needs of the people.
A wide variety of products available for the God of Wealth Day.
On the morning of the 9th day of the first lunar month (February 18th), I strolled around the shops.gold, silver, and precious stonesIn Vinh City, the scene was bustling and lively. To meet the needs of the people, gold shops had prepared sufficient stock to supply the demand.
Besides gold bars, 9999 pure gold rings, necklaces, statues of the god of wealth, and gold jars, this year gold shops, especially large businesses, are investing heavily in design to create exquisite products for people to choose from.
Ms. Manh My Duyen, owner of a gold, silver, and gemstone business on Tran Phu Street (Vinh City), said: "Besides those with ample financial resources and business owners, many people want to buy gold for good luck at the beginning of the year."
Therefore, to cater to a diverse range of customers, from large-scale investors to those with smaller budgets, we offer a wide variety of designs, priced from 600,000 VND upwards. Specifically, a golden bean (1 cm) costs 600,000 VND, while a golden amulet strung with red thread costs several hundred thousand VND…”.
Notably, this year, the image of the dragon has been featured by many.gold and silver businessesThese are the main products, with many product sets: a pair of gold dragons in blister packaging; gold dragon statues, gold coin rings with gold charms, lucky coins in the shape of dragons… Currently, all these products are available in weights from 1 tael, 2 taels, 5 taels… to suit the financial needs of customers.
Meanwhile, established gold shops prioritize traditional gold rings, coin rings, lucky charm rings, gold bowls, and small gold bars that suit the budgets of many people.
Bustling activity leading up to the God of Wealth's Day.
Unlike previous years, the gold market in Nghe An province was quite vibrant leading up to the God of Wealth Day this year. According to gold shop owners, starting from the 5th day of the Lunar New Year, when they opened for business, many people came to buy gold for good luck at the beginning of the year. In particular, the number of customers increased sharply on the 8th and 9th days of the first lunar month.
In particular, the increase was mainly in the selling side. Ms. Nguyen Thi Mai Huong, owner of a reputable and long-standing gold and silver business on Le Loi Street (Vinh City), said: “In recent days, transactions at gold shops, including those dealing in domestic gold, jewelry gold, and foreign gold, have all increased sharply. Besides the demand for gold during the God of Wealth festival, many people have surplus money after Tet and are buying gold for safekeeping. The amount of gold traded on the selling side has increased by about 30% compared to normal days.”
From the customer's perspective, fear of crowds and price increases on the day of the God of Wealth festival leads them to choose to buy gold closer to the 10th day, thus avoiding crowds and not worrying about losing money due to price differences.
According to a survey, on January 9th, the price of gold at gold and silver businesses in Nghe An fluctuated between 76.6 million VND/ounce (buying price) and 78.7 million VND/ounce (selling price) for SJC gold bars; and 6,330,000 - 6,370,000 VND/tael (buying price) and 6,670,000 - 6,700,000 VND/tael (selling price) for 9999 gold rings. These prices remained unchanged compared to previous days.
To meet customers' shopping needs, many gold and silver shops and businesses in Nghe An province are accepting pre-orders or online purchases of gold through mobile applications, making it convenient for customers to conduct transactions on the day of the God of Wealth festival.
Ms. Dang Tue Huong, a customer, said: “As a businesswoman, I always buy gold for good luck on the God of Wealth Day. This year, to avoid the hassle of crowding gold shops on the God of Wealth Day, I pre-ordered from a reputable gold shop I've always bought from. Tomorrow, if it's convenient, I'll go pick up the gold; otherwise, they'll deliver it to my home.”
In addition, on this occasion, many gold shops have also launched promotional programs, lucky draws, or New Year's lucky money giveaways to stimulate shopping./.
