Global gold prices are strongly affected by demand in India and China
In India, the domestic gold market is exciting again. According to Reuters, for the first time in 5 months, gold has been traded at a higher price than the official price. At the beginning of the week, agents also sold gold with a discount of up to 24 USD/ounce, but by the weekend, they calculated an additional 3 USD/ounce. Last week, the discount of up to 80 USD.
The Akshaya Tritiya holiday season has boosted retail demand, and demand has increased sharply as gold prices have adjusted down, said a player in Mumbai. Akshaya Tritiya is the second largest gold buying festival in India after Dhanteras and will be held this Wednesday.
A strong price adjustment from a record high of $3,500/ounce last week has triggered demand again in the subcontinent. Many consumers have been waiting for prices to fall due to too strong fluctuations, now they may buy if prices are more stable, said another dealer in Chennai.
Meanwhile, China - the world's largest gold consumer - is temporarily suspending trading due to the Labor International holiday from May 1 to 5. This has caused regular buying from China to temporarily disappear from the global gold market. See more...
Supermarkets and shopping malls in Hanoi won big during the April 30 - May 1 holiday
The 5-day holiday has become a "golden opportunity" for supermarkets and shopping malls in Hanoi as the number of customers coming to shop and have fun skyrocketed. Revenue and consumption of goods and services all recorded impressive growth.
According to Lao Dong Newspaper reporters at many large supermarket systems in Hanoi, during the April 30 - May holiday, the business area of essential consumer goods, fresh food, and dried food is always crowded with buyers.
At some supermarkets, the loudspeaker system continuously sends announcements apologizing to customers for running out of cardboard boxes to package goods, along with attractive promotions at the end of the day. See more...
Land from the previous generation can still be granted a red book under the new law
Quang Ninh welcomes more than 1 million visitors during 4 days off
According to information from the Department of Culture - Sports - Tourism of Quang Ninh, on May 3, the total number of tourists to Quang Ninh is estimated at 216,000.
Of which, about 93,000 people were accommodated. Total tourism revenue is estimated at 594 billion VND. On May 3, Ha Long City welcomed about 125,000 visitors; Mong Cai 42,770 visitors; Uong Bi 19,500 visitors; Van Don 25,000 visitors; Co To 4,000 visitors.
Ha Long Bay welcomes 17,000 visitors, including 6,200 international visitors. Other famous tourist destinations in turn welcomed the number of visitors as follows: Sun World Park welcomes 10,000 visitors, Quang Ninh Museum 7,700 visitors, Yen Tu about 3,000 visitors, Yoko Onsen hot spring area of Quang Hanh is about 480 visitors, Cai Chien Island about 700 visitors. See more ...
