Near the day of the God of Wealth, when the demand is high, the price of gold is also pushed up, but most of them are retail buyers, only buying 1-2 with the mentality of good luck. Currently, many people also know this “rule”, so they can sell it on the occasion of the God of Wealth. Especially for those who have bought in large quantities, when the price is high, they may sell out.
According to experts, in addition to the price factor, gold buyers should pay attention to the processing fee, product origin, gold quality and choose reputable gold shops. Besides, people should buy at reputable stores and get full invoices.
Gold price outlook
Currently, the domestic gold price after a quiet week on the occasion of the Lunar New Year has jumped sharply. This morning (January 29, 2023), the domestic gold price is listed at a rather high price. SJC gold price is 67.5 – 68.5 million VND/tael (buy in – sell out). Meanwhile, DOJI gold price is listed at 67.3 – 68.3 million dong/tael (buy in – sell out).
In the world gold market, spot gold price closed at 1,928 USD/ounce. Gold prices have hit a 9-month high.
According to the Kitco News gold price outlook survey, the majority of Main Street investors believe that the price of gold will increase significantly, while Wall Street analysts believe that the price of gold will decrease in the near future. .
Experts forecast that gold still has long-term prospects, there will likely be strong corrections in this precious metal market.
Mr. Andrew Naylor – Managing Director for Asia – Pacific (excluding China) and Public Policy at the World Gold Council (WGC) affirmed that gold continues to be a safe haven channel. safe hiding in the context of high inflation, but this is certainly not the only motivation to promote investment in the gold channel from individual and institutional investors.
Meanwhile, Chintan Karnani, head of research at Insignia Consultants, said that gold has not broken the $2,000 level and is likely to have strong corrections in the market. this precious metal field.
The Legend of the God of Wealth Day
According to folklore, God of Wealth is the God who rules money in heaven. A god with a long reputation. During a drinking outing, because he was too drunk, he fell to earth. When the god entered a house to beg for food, the family became rich, trading and selling expensive, etc. And on January 10th, the god of fortune returned to heaven.
To commemorate him, the people chose the day he returned to heaven to worship the God of Wealth. And choose gold as an offering to pray for fortune and prosperity for the next year.
Gold God of Fortune is said to be a symbol of wealth, fortune, fortune as well as showing good luck to the owner. Choosing to buy Than Tai gold is also considered as a way to “change the soul” of business for people at the beginning of the new year.
Therefore, people believe that choosing to buy gold on the day of the God of Wealth will help homeowners have a year of prosperity, prosperity, a year of smooth sailing, and a lot of money. Bringing fortune with you will help people’s business work smoothly, smoothly and have more luck.