Vinh City: People rush to buy gold on God of Fortune Day despite sky-high prices

According to the reporter's records on the morning of February 10 - the day of God of Wealth, most gold shops in Vinh City were packed with people from early morning.

In Vinh City, from early morning on February 10, gold shops also attracted a lot of customers to buy gold on God of Wealth Day. The aisles were packed with people. Photo: Quang An

For example, on Cao Thang street - where there are the most jewelry stores.Vinh city, the number of people coming to buy gold is estimated to increase 10 times compared to normal days, the aisles in the shops are crowded and bustling. Because it is a "business day", most gold shops hire more staff, call more family members to serve people, some shops even hire an art troupe to play the God of Wealth to attract customers...

Mr. Nguyen Van Nam, Hong Son ward said: "Last year, due to the impact of the epidemic, business was not smooth, so this year, on the occasion of God of Wealth Day, I took the opportunity to buy gold to wish for luck in the new year. With the purpose of buying for luck, I only bought 3 round rings for over 15 million".

Purchasing power increased and people mainly bought gold for luck in quantities of 1 - 5 taels. Photo: QA

According to the survey, because the price of gold is at a very high level, combined with people's income being affected during the pandemic year, although the number of buyers has skyrocketed, the amount of gold bought usually fluctuates from 1 to 5 taels for luck, mainly round rings, necklaces, few people buy gold bars by weight...

In the year of the Tiger, the golden tiger mascot weighing between 2 and 10 chi is sought after by many people. Photo: QA

On the morning of February 10, gold prices were listed at some gold shops in the area.Vinh Citystill sky-high. For SJC gold bars, the price is 60.7 - 63.5 million VND/tael (buy in - sell out), for 9999 round rings, the price is 52.8 - 56 million VND/tael (buy in - sell out), other types of jewelry such as western gold, silver, and precious stones also increased in price on God of Wealth Day. In particular, this year is the Year of the Tiger, so the tiger mascot is also very elaborately crafted, ranging from 2 - 10 chi, with a price of up to tens of millions of VND.

However, people flocking to buy gold are mainly concentrated at large, long-standing, reputable gold shops in the city center; while at jewelry shops in the suburbs, although the number of buyers has increased, it is not significant compared to normal days.

It is worth mentioning that people rushing to buy gold will potentially spread the disease in the context of the number of Covid-19 infections in the province currently increasing to a record level since the Lunar New Year./.