The annual God of Wealth Day takes place on the 10th day of the first lunar month. Thus, the God of Wealth Day in 2024 will be February 19, 2024.

Every year, on the day of the God of Wealth, many people go to buy gold with the belief of praying for good luck. In the gold trading streets, it is not difficult to see the image of people lining up outside gold shops from 3-4am to be the first to buy gold on this day.

This leads to many risks when the gold price is pushed up to the sky and then suddenly drops to a low level in 1 day. In addition, the difference between buying and selling prices on this day is also pushed to a very high level, leading to many gold investors facing the risk of heavy losses. Especially in the context of the current SJC gold price being pushed up much higher than in previous years, usually at the threshold of 2.5-3 million VND/tael.

Therefore, experts say that people should not rush to buy gold on this day. If you are superstitious, you should only buy 1 tael for “luck” and to feel happy and relaxed. If you buy a lot, investors will lose money when the gold price turns down after the God of Wealth day.

Representatives of major gold and gemstone brands said that the gold products that consumers have chosen to buy a lot in recent years on the God of Wealth day are Thang Long 9999 dragon gold; 14K, 18K, 24K jewelry gold...

People also tend to buy two products on God of Fortune Day: plain round rings from 0.5 to 2 taels and gold bars. These products ensure the value of gold so that they can be saved, do not cost too much to make, and are jewelry that can be worn all year round for good luck.

A representative of a large gold and silver trading company in Hanoi said that if people choose to buy a plain round ring, they should buy a plain round ring in a blister pack to ensure quality. If buying gold bars, they need to have a serial number, check the age of the gold, as well as invoices and documents to avoid buying fake gold.