The price of gold sold during the God of Wealth day has increased sharply over the years (Graphic: Tam An)
So, what kind of profit will people who buy gold on the God of Wealth day receive if they keep it until now?
In fact, from 2018 until now, gold prices have entered a cycle of intense fluctuations following a steep increase. From the mark of 36.44 million VND/tael sold in the first trading session of 2018, it jumped to a historic peak of 80.3 million VND/tael on December 27, 2023, then dropped to 74.02 million VND in the following months. last trading session of 2023.
SJC gold price closed on February 16, cooling down to 78.6 million VND/tael in the afternoon after rising to a peak of 79 million VND/tael in the early morning due to strong purchasing power during the God of Wealth holiday.
Accordingly, in the period from 2018 to 2023, gold prices on the day of the God of Wealth (January 10 of the lunar calendar) recorded an increase year by year.
Specifically, on God of Wealth Day 2018 (February 25, 2018), Saigon Jewelry Company (SJC) in Hanoi listed the price of gold bars at 37.04 million VND/tael on the selling side.
On God of Wealth Day 2019 (February 14, 2019), SJC gold bar price was recorded at 37.07 million VND/tael. This price is almost unchanged compared to the 2018 God of Wealth day.
Profit level when buying gold on the day of Than Tai and selling it at the end of the year (graphic: Tam An)
On God of Wealth Day 2020 (February 3, 2020), SJC gold bars are priced at 44.42 million VND/tael (sold). Compared to God of Wealth Day 2019, the price of gold bars increased by 7.35 million VND/tael.
By 2021, on the day of the God of Wealth (February 21, 2021), SJC gold price is at 56.37 million VND/tael. On God of Wealth day 2022 (February 10, 2022), this precious metal is listed at 62.67 million VND/tael.
Last year’s God of Wealth day (January 31, 2023), SJC gold bar price was at 67.72 million VND/tael sold.
Many people buy God of Wealth gold for luck, so they will keep this gold until the end of the year before selling it. Accordingly, those who buy gold on God of Wealth Day 2018 and sell it at the end of the year will lose 0.71 million VND per tael.
However, buying gold on the God of Wealth day in 2019 and selling it at the end of the year makes a profit of 5.13 million VND/tael; In 2020, profit is 11.13 million VND/tael; From 2021 to 2023, profits will be 4.38 million VND/tael, 3.23 million VND/tael and 3.28 million VND/tael, respectively.
If you keep gold purchased on the God of Wealth day from 2018 to now (February 16, 2024), there will be a profit of about 9 million VND to 39.56 million VND per tael, depending on the year of purchase.
