Gold price this afternoon January 10, 2025: Gold price increased for 3 consecutive days
Gold price this afternoon January 10, 2025: World gold price is anchored around 2,670 USD/ounce. Domestic gold price has increased for 3 consecutive days, also more expensive by 1 million VND/tael (selling price) since the beginning of the week.
Domestic gold price this afternoon January 10, 2025
As of 2:00 p.m. on January 10, 2025, domestic gold prices fluctuated little compared to the previous trading session.
At Saigon Jewelry Company (SJC), the price of gold bars is listed at 84.5 million VND/tael (buy) and 86 million VND/tael (sell). No change compared to the closing price of yesterday's trading session.
DOJI system listed 9999 gold at buying price of 84.5 million VND/tael and selling price of 86 million VND/tael. This price remained unchanged in both buying and selling directions compared to yesterday.
At Mi Hong Jewelry Company, the buying price of SJC gold is 85.4 million VND/tael and the selling price is 86 million VND/tael. Thus, compared to the previous session, the buying price increased by 200 thousand VND/tael and the selling price increased by 100 thousand VND/tael.
Bao Tin Minh Chau Co., Ltd. and Bao Tin Manh Hai Co., Ltd. both listed the price of SJC gold at 84.6 million VND/tael (buy) and 86 million VND/tael (sell). These two units reduced the buying price by 100 thousand VND/tael compared to the closing price of yesterday's trading session.
The current buying price of SJC 9999 gold ring is 84.5 million VND/tael and selling price is 85.8 million VND/tael. Unchanged compared to the closing price of yesterday's trading session.
For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price increased to 84.9 million VND/tael and the selling price to 86.1 million VND/tael, an increase of 100 thousand VND per tael for both buying and selling compared to yesterday.
PNJ plain gold rings were bought at 85 million VND/tael and sold at 86 million VND/tael. The recorded increase was 200 thousand VND/tael for buying and unchanged for selling.
| Today (January 10, 2025) | Yesterday (January 9, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 84,500 | 86,000 | 84,500 | 86,000 |
| DOJI Hanoi | 84,500 | 86,000 | 84,500 | 86,000 |
| DOJI SG | 84,500 | 86,000 | 84,500 | 86,000 |
| BTMC SJC | 84,600▼100 | 86,000 | 84,700 | 86,000 |
| Phu Quy SJC | 84,500 | 86,000 | 84,500 | 86,000 |
| PNJ HCMC | 85,000▲200 | 86,000 | 84,800 | 86,000 |
| PNJ Hanoi | 85,000▲200 | 86,000 | 84,800 | 86,000 |
World gold price this afternoon January 10, 2025
At 8:31 a.m. today (January 10, Vietnam time), the world spot gold price was at 2,673.4 USD/ounce, up 1.4 USD/ounce compared to last night. The price of gold futures for February 2025 on the Comex New York floor was at 2,695 USD/ounce.
On the morning of January 10, the world gold price converted to USD bank price was at more than 83.2 million VND/tael, including tax and fees, about 2.8 million VND/tael lower than the domestic gold price.
With a gain of more than 27% in 2024, gold prices hit their highest peak since mid-December at more than $2,670 an ounce. This is the largest annual increase for the precious metal in the past 14 years.
The growth was fueled by market expectations that the Fed will continue to cut interest rates at least two more times, along with strong gold buying from central banks around the world.
UK financial markets have plunged on growing concerns about the government's budget deficit, with the pound hitting its lowest level in more than a year against the dollar.
Gold was also supported by a weaker-than-expected US jobs report for December, while investors were reassured that the US Federal Reserve (Fed) is likely to be less cautious in easing interest rates this year.
Specifically, according to the report, the US economy created only 122,000 jobs in the private sector last month. Meanwhile, the forecast of economists was an increase of 140,000 jobs.
A weak private sector jobs market, which leads to lower private payrolls, is a positive factor for gold prices, according to Bart Melek, head of commodity strategy at TD Securities. Because lower-than-expected jobs data basically means that the economy is weaker than expected.
One of the most positive signals for gold prices, which investors are most interested in, is after Fed Governor Christopher Waller said that inflation will not stop falling in 2025 and allowed the US Central Bank to continue to reduce interest rates, although the speed is uncertain.
Goldman Sachs has just announced an adjustment to its gold price forecast, saying that the $3,000/ounce level will not be reached by the end of 2025 but will be pushed back to mid-2026.
Meanwhile, Dmitry Puchkarev, a stock market expert at BCS World of Investments, predicts that gold prices will rise by 2025 to $2,600-$2,900 an ounce.
