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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, At Ty, 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

Unlike previous days, the number of customers coming to Saigon Jewelry Company - SJC on the morning of February 6 was completely absent. Through the story of 2 customers waiting their turn to sell gold, they said that they bought gold at a time when the price was around 83 - 84 million VND per tael, so now they sold it for a profit of about 4 million VND per tael. The woman smiled and said that she would wait until after the God of Wealth's day, when the price drops, to buy it again.

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

PHOTO: THANH XUAN

Gold sales increased so SJC Company did not limit the purchase amount on the morning of February 6.

Because it's quiet, buyers can leisurely choose God of Wealth products on February 6.

Only 1 day left until God of Wealth's day, but the number of people selling has increased rapidly.

SJC Company staff check the amount of SJC gold bars sold

Customers sell gold and take money home.

With the selling pressure of gold to take profit in the market being higher than the buying pressure, the gold price also dropped by half a million VND per tael in the morning of February 6. After increasing the price of SJC gold bars by 200,000 VND per tael at the beginning of the day, to 88.2 million VND for buying and 91.2 million VND for selling, gold trading units have adjusted the price of SJC gold bars twice with a total decrease of 500,000 VND per tael. SJC Company, Doji , Bao Tin Minh Chau... bought SJC gold bars at 87.7 million VND/tael, sold at 90.7 million VND/tael.

SJC gold bar counter is deserted

Not only SJC gold bars but also 4-number 9 gold rings on the market were blown away by half a million VND per tael. SJC Company bought for 87.7 million VND and sold for 90.2 million VND. Bao Tin Minh Chau Company bought for 87.8 million VND and sold for 90.65 million VND. Phu Quy Company bought gold rings for 87.3 million VND and sold for 90 million VND...

The current domestic gold price is fraught with risks as the buying and selling prices of gold trading companies have increased. For SJC gold bars, the selling price is 3 million VND/tael higher than the buying price, and for gold rings, it is 2.4 - 2.9 million VND/tael. Those who buy gold at this time will immediately lose 2.4 - 3 million VND/tael.

Thanhnien.vn

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


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