Gold market heats up on God of wealth day

by VTV414 February 2019 Last updated at 15:12 PM

VTV.vn - The domestic gold market is heating up and gold prices are rising on the God of Wealth Day, which falls on the 10th day of the Lunar New Year (February 14).

Legend has it that the God of Wealth returns to heaven on the 10th day of the new year, so Vietnamese have a tradition of buying gold for luck and prosperity throughout the year.

The Sài Gòn jewelry JSC listed the gold buying/selling price at VNĐ36.97/37.35 million per tael of SJC gold bar, up VND 30,000 for buying and selling. It is forecast that today the demand for gold will further increase, so the gap between buying and selling will widen.

Experts recommend people should at this time only buy gold for good luck rather than for investment because prices may fall.

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