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Race to sell gold to make a profit before God of Wealth day

On the morning of February 6, the 9th day of the Lunar New Year, which is also the Jade Emperor's birthday, many people went to sell gold to take profit instead of buying. The price of gold therefore dropped rapidly, and those who bought a few days ago have now lost millions.

Báo Thanh niênBáo Thanh niên06/02/2025

In stark contrast to previous days, the number of customers at Saigon Jewelry Company (SJC) on the morning of February 6th was noticeably low. Two customers waiting to sell their gold said they bought it when the price was around 83-84 million VND per tael, so they are now making a profit of about 4 million VND per tael. The woman smiled and said she would wait until after the God of Wealth Day, hoping the price would drop, before buying again.

The number of customers coming to SJC Company to buy gold on the morning of February 6th decreased significantly compared to the previous days.

PHOTO: THANH XUAN

Due to the increase in gold sellers, SJC Company did not restrict the amount of gold purchased on the morning of February 6th.

Because it was less crowded, shoppers could leisurely choose their lucky charm products on February 6th.

With only one day left until the God of Wealth's Day, the number of people selling goods is increasing rapidly.

SJC company employees check the quantity of SJC gold bars sold.

Customers sell gold and take the money home.

With profit-taking selling pressure exceeding buying pressure, gold prices also dropped by half a million dong per ounce in the early hours of February 6th. After initially increasing SJC gold bar prices by 200,000 dong per ounce to 88.2 million dong for buying and 91.2 million dong for selling, gold trading companies adjusted SJC gold bar prices twice, resulting in a total decrease of 500,000 dong per ounce. SJC, Doji , Bao Tin Minh Chau, etc., bought SJC gold bars at 87.7 million dong/ounce and sold them at 90.7 million dong/ounce.

The SJC gold bar counter was deserted.

Not only SJC gold bars but also 9999 gold rings on the market have seen their prices plummet by half a million dong per ounce. SJC Company is buying at 87.7 million dong and selling at 90.2 million dong. Bao Tin Minh Chau Company is buying at 87.8 million dong and selling at 90.65 million dong. Phu Quy Company is buying gold rings at 87.3 million dong and selling at 90 million dong…

Domestic gold prices are currently fraught with risks as both buying and selling prices at gold trading companies have increased significantly. For SJC gold bars, the selling price is 3 million VND/ounce higher than the buying price, while for gold rings, the difference is 2.4 - 2.9 million VND/ounce. Those who buy gold at this time will immediately lose 2.4 - 3 million VND/ounce.

Thanhnien.vn

Source: https://thanhnien.vn/dua-nhau-ban-vang-chot-loi-truc-ngay-via-than-tai-185250206123200287.htm


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