Hanoi (VNA) - Gold prices surged significantly, exceeding the threshold of 90 million VND (3,550 USD) per tael at the opening session of the God of Wealth Day on February 7 (the 10th day of the first lunar month).
At 9:10 am, the Saigon Jewelry Company (SJC) listed its buying price of SJC-branded gold bars at 86.8 million VND per tael and the selling price at 90.3 million VND per tael, down 400,000 VND and 700,000 VND per tael, respectively, compared to the end of February 6.
The DOJI Gold & Gems Group bought SJC gold bar at 86.5 million VND per tael, up 100,000 VND per tael, and sold at 90 million VND per tael, up 400,000 VND from the end of the previous day.
Similarly, the price of gold rings increased. At the Bao Tin Minh Chau Company, the buying and selling prices of gold rings is now at 86.5 - 89.95 million VND per tael, up 400,000 VND and 650,000 VND per tael, respectively.
Meanwhile, the Saigon Jewelry Company announced its buying and selling prices at 86.5 - 89.5 million VND per tael, up 100,000 VND per tael for both buying and selling compared to the previous session's closing price.
Vietnamese prefer buying gold to mark God of Wealth Day, as legend has it that the God of Wealth returns to heaven on the tenth day of the first lunar month each year. Vietnamese people consider this God of Wealth Day, so they have a tradition of buying some gold for good luck and prosperity throughout the year./.
