Queuing until late at night to buy gold, the store "ran out of gold" on God of Wealth's day

Tonight, many businesses simultaneously adjusted the gold buying price down sharply and slightly reduced the selling price. The decrease was up to 800,000 VND/tael for buying and 450,000 VND/tael for selling, causing the difference between buying and selling gold to continue to widen to 3.1 million VND/tael.

The difference between buying and selling gold is considered a big risk for investors, but many gold shops were bustling on the evening of January 10 (February 19). In front of many gold shops, reporters recorded scenes of people lining up to buy gold. Although it was nearly 9:00 p.m., the number of gold customers still came in droves, with long lines of people lining up.

Ms. Nguyen Ngoc Huyen (Cau Giay) expressed surprise: "I read in the newspaper that people lined up from early morning to buy gold, so I waited until evening to buy, but when I arrived, there were still many people. Now that I have arrived, I also lined up to buy gold for good luck at the beginning of the new year."

Ms. Cao Nhu Quynh (Nam Tu Liem) shared: "In my opinion, around 7:30 p.m., many gold shops had run out of plain rings, and PNJ only had half a tael left to sell. There are still a lot of people coming to buy tonight, I'm afraid they won't be able to buy before they run out of stock to sell."

At nearly 9 p.m., the number of regular customers was still pouring in, with long lines of people waiting. Photo: Phan Anh — At nearly 9 p.m., gold customers were still flocking to the gold shop on Cau Giay Street, with long lines of people lining up. Photo: Phan Anh

The gold shop also prepares food for customers. Photo: Phan Anh — Gold shops prepare snacks for customers waiting in line. Photo: Phu Temple

Customers are happy to buy gold on God of Wealth day. Photo: Phan Anh — Customers are happy to buy gold on the God of Wealth's day. Photo: Phan Anh

According to a representative from the store selling 1-chi rings, the rings with the lucky charm sold out from 3 p.m. Photo: Phan Anh — A representative of a jewelry store on Cau Giay Street said that 1-tael rings and rings with the lucky charm sold out from 3 p.m. Photo: Phan Anh

As of 9:00 p.m. on February 19, the domestic gold price listed by DOJI Group for buying was 74.9 million VND/tael; the selling price was 77.9 million VND/tael. The difference between the buying and selling price of SJC gold at DOJI was 3 million VND/tael. Compared to the previous trading session, the gold price at DOJI decreased by 850,000 VND/tael for buying and 450,000 VND/tael for selling.

Meanwhile, Saigon Jewelry Company SJC listed the buying price of gold at 75 million VND/tael; the selling price is 78 million VND/tael. The difference between the buying and selling price of SJC gold is 3 million VND/tael.