On the eve of God of Wealth Day, Nghe An gold market is bustling

A variety of products for God of Wealth Day

Morning of January 9 (February 18), walk around the shopsgold, silver, and precious stonesIn Vinh city, the scene is bustling and busy. To serve the needs of the people, gold shops have prepared goods to supply.

In addition to gold bars, 9999 plain rings, necklaces, god of wealth statues and gold jars this year, gold shops, especially large enterprises, invested heavily in design to create sophisticated 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: "In addition to people with surplus economic resources, business households, and traders, many people have the need to buy gold for luck at the beginning of the year.

Therefore, to serve a wide range of customers from large investors to those with little money, we have introduced many rich designs, priced from 600,000 VND or more. Specifically, golden beans (1 millimeter) cost 600,000 VND, golden cups with red threads, several hundred thousand VND...

Notably, this year, the image of the dragon is used bygold and silver businessesas the main product with many product sets: golden dragon duo in blister pack; golden dragon statue, gold-plated money ring, lucky dragon-shaped coin… Currently, all of these products are on sale with weights from 1 chi, 2 chi, 5 chi… suitable for customers’ financial needs.

Meanwhile, long-standing gold shops prioritize traditional gold ring products, money rings, fortune rings, gold bowls, and small gold bars that are suitable for many people's budgets.

Bustling before God of Wealth's day

Unlike previous years, before the God of Wealth Day this year, the gold market in Nghe An was quite bustling. According to gold shop owners, starting from the 5th day of Tet, when the shops opened to welcome the New Year, many people came to buy gold for good luck at the beginning of the year. Especially, on the 8th and 9th of January, the number of customers coming to trade increased sharply.

In particular, the majority is in the selling direction. 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 counters, jewelry gold and western gold have all increased sharply. In addition to the demand for buying gold on the occasion of God of Wealth, many people after Tet have extra money so they buy gold to store. The amount of gold traded in the selling direction has increased by about 30% compared to normal days."

On the customer side, because of the fear of crowding and price increases on God of Wealth day, they choose to buy gold close to the 10th, to avoid crowding and not worry about losing a price difference.

According to a survey, on January 9, the gold price at gold and silver businesses in Nghe An fluctuated between 76.6 million VND/tael (buy) - 78.7 million VND/tael (sell) for SJC gold bars; 6,330,000 - 6,370,000 VND/chi (buy) - 6,670,000 VND - 6,700,000 VND/chi (sell) for 9999 round rings. This price did not increase compared to the gold price of the previous days.

To serve customers' shopping needs, many gold and silver stores and businesses in Nghe An accept pre-orders or buy gold online through application software, creating convenience for customers when coming to transact on God of Wealth day.

Ms. Dang Tue Huong, a customer, said: “As a businesswoman, I buy gold every year on the God of Wealth day for good luck. This year, to avoid the fatigue of having to jostle at gold shops on the God of Wealth day, I have pre-ordered from a reputable gold shop that I have been familiar with for a long time. Tomorrow, if it is convenient, I will go pick up the gold, otherwise, they will deliver the gold to the customer's home.”

In addition, on this occasion, many gold shops have also launched promotional programs, lucky draws or lucky money at the beginning of the year to stimulate shopping./.