The strange development of gold price after the day of the God of Fortune

Thạch Lam |

No plunge after the day of the God of Fortune like the previous years, the price of SJC and Gold Rings today maintained at high landmarks.

Gold price maintained at high landmarks

Normally, in previous years, domestic gold price often plunged in the afternoon of the god of wealth and continued to decrease sharply in the following days. However, this year, gold prices did not decrease as previous years. The price of SJC gold and gold rings after the day of the God of Fortune remains very high.

As of 17:00 on 8.2, SJC gold price was listed by Saigon SJC VBD at the threshold of 86.8-90.3 million dong/tael (purchased in - sold) Fortune. SJC gold price difference at Saigon SJC VBD Company at 3.5 million VND/tael.

Meanwhile, SJC gold price listed by DOJI Group at the threshold of VND 86.8-90.3 million/tael (purchased - sold); There is no volatility compared to the closing session of the Fortune day. SJC gold price difference at Doji Group is at 3.5 million VND/tael.

The price of gold round 9999 prosperity at Doji listed at the threshold of 86.6-90.3 million VND/tael (purchased - sold); There is no volatility compared to the closing session of the Fortune day.

PNJ in Ho Chi Minh City announced the price of SJC gold bars at 86.7 - 90.1 million VND/tael (purchased - sold), the selling price is unchanged compared to yesterday.

Bao Tin Minh Chau Company announced the price of SJC gold and gold ring gold bars at 86.8 - 90.25 million VND/tael (buying - selling), the price is unchanged compared to yesterday.

Gold price day of fortune in previous years

According to Dr. Nguyen Tri Hieu - Economic - Gold market expert in the previous years, they tended to increase gradually from half a month before the day of the genius and reached the short -term peak as soon as the market reopened after Tet. On the day of the God of Fortune, gold prices often enter a new period, increased sharply in the morning and decreased significantly in the afternoon of the same day. After the day of the God of Fortune, the price of gold often tends to drop sharply.

February 20, 2024 - After the day of the God of Fortune, the price of gold bars decreased by VND 200,000-300,000, trading below VND 78 million/tael.

DOJI gold price in Hanoi and Ho Chi Minh City listed at 75.35 million VND/tael and 77.65 million dong/tael sold, down 250,000 dong/tael sold compared to the previous session. The difference in buying-and-off is 2.3 million dong/tael.

Or in the previous year - February 1, 2023, after the day of the God of Fortune, the gold market continued to happen according to the "old path" that had been maintained for nearly 10 years (from 2013-2022).

Opening the morning session on February 1, 2023, Saigon Jewelry Company listed SJC gold price in Hanoi market at 66.5 - 67.32 million VND/tael (purchased - Sell) , down 300,000 VND/tael on the selling direction compared to the closing session of the previous day of the God of Fortune (January 31, 2023).

In 2022, the price of SJC gold in the country also decreased by 600,000 VND in the buying direction and a decrease of 900,000 VND/tael on the selling direction after the Fortune Day (listed at the buying level on 61.05 million dong/tael and sold 61. , 75 million dong/tael).

In 2025, gold price was still anchored at a high level and did not decrease as in previous years.

According to Dr. Nguyen Tri Hieu, the world gold price is still on the rise. In 2025, the world gold price scenario reached US $ 3,000/ounce is entirely possible. According to him, this momentum mainly comes from the psychology of investors' concerns against global economic fluctuations. When geopolitical tensions escalate, gold becomes the first choice of investors as a safe shelter.

Therefore, the domestic gold market continues to face two important factors: the world gold price maintains an increase trend and the domestic supply has not shown signs of improvement. If policies on gold imports do not change, domestic gold prices may still maintain a high difference compared to the world.

Thạch Lam
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