Gold price this afternoon February 12, 2025: World gold price dropped sharply after the Fed kept interest rates unchanged
Gold price this afternoon February 12, 2025: Domestic gold price dropped sharply by millions of dong. World gold price turned sharply down after the Fed announced to keep interest rates unchanged.
Domestic gold price this afternoon February 12, 2025
As of 2:00 p.m. today, February 12, 2025, domestic gold shops have sharply reduced buying prices by millions of dong and slightly reduced selling prices.
At Saigon Jewelry Company (SJC), the price of gold bars was listed at 86.7 million VND/tael (buy) and 90.2 million VND/tael (sell). A sharp decrease of 1.3 million VND/tael in buying price - a decrease of 300 thousand VND/tael in selling price compared to the closing price of yesterday's trading session.
DOJI system listed SJC gold at buying price of 86.7 million VND/tael and selling price of 90.2 million VND/tael. This price decreased sharply by 1.3 million VND/tael for buying and 300 thousand VND/tael for selling compared to yesterday.
At Mi Hong Jewelry Company, the buying price of SJC gold is 88.5 million VND/tael and the selling price is 89.5 million VND/tael. Thus, compared to yesterday's session, the buying price decreased by 100 thousand VND/tael and the selling price decreased by 500 thousand VND/tael.
Bao Tin Minh Chau Company Limited listed the price of SJC gold at 86.7 million VND/tael (buy) and 90.2 million VND/tael (sell). This price decreased sharply by 1.3 million VND/tael for buying and 300 thousand VND/tael for selling compared to yesterday.
| Today (February 12, 2025) | Yesterday (February 11, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 86,700▼1300K | 90,200▼300K | 88,000 | 90,500 |
| DOJI Hanoi | 86,700▼1300K | 90,200▼300K | 88,000 | 90,500 |
| DOJI SG | 86,700▼1300K | 90,200▼300K | 88,000 | 90,500 |
| BTMC SJC | 86,700▼1300K | 90,200▼300K | 88,000 | 90,500 |
| Phu Quy SJC | 86,700▼1500K | 90,200▼500K | 88,000 | 90,700 |
| PNJ HCMC | 86,400▼600K | 89,900▼600K | 88,000 | 90,500 |
| PNJ Hanoi | 86,400▼600K | 89,900▼600K | 88,000 | 90,500 |
| 1.DOJI- Updated: 12/2/2025 14:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 86,700▼1300K | 90,200▼300K |
| AVPL/SJC HCM | 86,700▼1300K | 90,200▼300K |
| AVPL/SJC DN | 86,700▼1300K | 90,200▼300K |
| Raw material 9999 - HN | 88,600▲1000K | 89,300▼200K |
| Raw materials 999 - HN | 88,500▲1000K | 89,200▼200K |
| AVPL/SJC Can Tho | 86,700▼1300K | 90,200▼300K |
| 2.PNJ- Updated: 12/2/2025 14:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 87,400▼600K | 89,900▼600K |
| HCMC - SJC | 86,700▼1300K | 90,200▼300K |
| Hanoi - PNJ | 87,400▼600K | 89,900▼600K |
| Hanoi - SJC | 86,700▼1300K | 90,200▼300K |
| Da Nang - PNJ | 87,400▼600K | 89,900▼600K |
| Da Nang - SJC | 86,700▼1300K | 90,200▼300K |
| Western Region - PNJ | 87,400▼600K | 89,900▼600K |
| Western Region - SJC | 86,700▼1300K | 90,200▼300K |
| Jewelry gold price - PNJ | 87,400▼600K | 89,900▼600K |
| Jewelry gold price - SJC | 86,700▼1300K | 90,200▼300K |
| Jewelry gold price - Southeast | PNJ | 87,400▼600K |
| Jewelry gold price - SJC | 86,700▼1300K | 90,200▼300K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 87,400▼600K |
| Jewelry gold price - Jewelry gold 999.9 | 87,200▼600K | 89,700▼600K |
| Jewelry gold price - 999 jewelry gold | 87,110▼600K | 89,610▼600K |
| Jewelry gold price - 99 jewelry gold | 86,400▼600K | 88,900▼600K |
| Jewelry gold price - 916 gold (22K) | 79,770▼550K | 82,270▼550K |
| Jewelry gold price - 750 gold (18K) | 64,930▼450K | 67,430▼450K |
| Jewelry gold price - 680 gold (16.3K) | 58,650▼400K | 61,150▼400K |
| Jewelry gold price - 650 gold (15.6K) | 55,960▼390K | 58,460▼390K |
| Jewelry gold price - 610 gold (14.6K) | 52,370▼360K | 54,870▼360K |
| Jewelry gold price - 585 gold (14K) | 50,130▼350K | 52,630▼350K |
| Jewelry gold price - 416 gold (10K) | 34,970▼250K | 37,470▼250K |
| Jewelry gold price - 375 gold (9K) | 31,290▼220K | 33,790▼220K |
| Jewelry gold price - 333 gold (8K) | 27,250▼200K | 29,750▼200K |
| 3. SJC - Updated: 12/2/2025 14:00 - Website time of supply - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 86,700▼1300K | 90,200▼300K |
| SJC 5c | 86,700▼1300K | 90,220▼400K |
| SJC 2c, 1C, 5 phan | 86,700▼1300K | 90,230▼400K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 86,700▼1300K | 89,700▼800K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 86,700▼1300K | 89,800▼800K |
| 99.99% Jewelry | 86,700▼1300K | 89,300▼800K |
| 99% Jewelry | 85,415▼792K | 88,415▼792K |
| Jewelry 68% | 57,880▼544K | 60,880▼544K |
| Jewelry 41.7% | 34,391▼333K | 37,391▼333K |
The current price of SJC 9999 gold ring is 86.7 million VND/tael for buying and 89.7 million VND/tael for selling. A sharp decrease of 1.3 million VND/tael for buying - a decrease of 800 thousand VND/tael for selling compared to the end of yesterday's trading session.
For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price increased to 88.5 million VND/tael and the selling price decreased sharply to 90.2 million VND/tael, an increase of 700 thousand VND/tael in buying price - a decrease of 200 thousand VND/tael in selling price compared to yesterday.
The price of gold fluctuated by a large margin of millions of dong in just one day, leaving many people 'unable to react'. With the price of SJC gold bars, gold ring prices and the difference in buying and selling prices widening to 3.5 million dong/tael as it is now, those who bought gold on the God of Fortune Day at the price of 90 million dong/tael will now lose 2-3 million dong if they sell.
World gold price this afternoon February 12, 2025
The world spot gold price at one point reached a new record high of 2,942 USD/ounce. However, the price then gradually decreased, as of 2:00 p.m. on February 12 (Vietnam time), it was only 2,894.48 USD/ounce, equivalent to a decrease of 16.65 USD compared to the beginning of the day.
The world gold price rally was hampered by profit-taking from short-term futures traders. This happened after gold prices hit a record high in the previous trading session. However, it would not be surprising if gold buyers jumped in early to catch the bottom, with the psychology of hunting for bargains.
According to Kitco - US President Donald Trump warned that tariffs on steel and aluminum 'could go higher' after imposing a 25% tax on all imports of the two metals since March.
The European Union quickly responded, announcing tough countermeasures. While no exceptions were made for trading partners, Donald Trump said he might consider exempting Australia.
World gold prices continued to fall sharply after the testimony of US Federal Reserve Chairman Jerome Powell before the US Congress. Powell said that the agency is still cautious and in no hurry to cut interest rates. The Fed assessed that the economic situation is still vibrant and inflation is still above the agency's 2% target. After 3 interest rate cuts in 2024, the Fed decided to keep interest rates unchanged at the January meeting and is expected to do the same at the March meeting.
According to technical charts, gold prices have been in an uptrend for the past 16 months, with a 63% increase since October 2023. Last week, Citi Research raised its gold price forecast for the next three months, from $2,800 to $3,000 an ounce. UBS also said the precious metal could reach $3,000 by the end of this year, while Goldman Sachs predicted that this time would be in the second quarter of 2026.
Gold futures for April delivery remain in a strong short-term uptrend. On the daily chart, gold prices continue to rise, indicating that buyers are in control. If prices can break above the key resistance level at $3,000 an ounce, the uptrend could continue.
On the other hand, the bears will try to push the price below the strong support at $2,800/ounce to create downward pressure. In the short term, the nearest resistance is at $2,938.1/ounce, followed by $2,950/ounce. The first important support is at $2,900/ounce, followed by this week's low at $2,879.9/ounce.
