Gold price this afternoon January 13, 2025: Gold price slightly decreased after a week of strong increase

Domestic gold price this afternoon January 13, 2025

As of 2:00 p.m. on January 13, 2025, domestic gold prices slightly decreased compared to yesterday's trading session.

At Saigon Jewelry Company (SJC), the price of gold bars was listed at VND84.8 million/tael (buy) and VND86.8 million/tael (sell). No change compared to the closing price of yesterday's trading session.

DOJI system listed 9999 gold at buying price of 84.8 million VND/tael and selling price of 86.8 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 85.2 million VND/tael and the selling price is 86 million VND/tael. Thus, compared to yesterday's session, the buying price decreased by 100 thousand VND/tael and the selling price decreased by 300 thousand VND/tael.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 84.8 million VND/tael (buy) and 86.8 million VND/tael (sell). This price remained unchanged in both buying and selling directions compared to yesterday.

Bao Tin Manh Hai Company Limited listed the price of SJC gold at 84.6 million VND/tael (buy) and 86.6 million VND/tael (sell). This unit reduced 200 thousand VND/tael for both buying and selling compared to the closing price of yesterday's trading session.

The current buying price of SJC 9999 gold ring is 84.7 million VND/tael and selling price is 86.5 million VND/tael. A decrease of 100 thousand VND/tael for both buying and selling compared to the closing price of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price decreased to 85.1 million VND/tael and the selling price decreased to 86.4 million VND/tael, down 300 thousand VND per tael for buying - down 200 thousand VND per tael for selling compared to yesterday.

PNJ plain gold rings were bought at 85 million VND/tael and sold at 86.4 million VND/tael. The recorded decrease was 400 thousand VND/tael for both buying and selling.

World gold price this afternoon January 13, 2025

At 8:31 a.m. today (January 13, Vietnam time), the world spot gold price was at 2,685 USD/ounce, down 5 USD/ounce compared to the end of last week. The price of gold futures for February 2025 on the Comex New York floor was at 2,713.5 USD/ounce.

On the morning of January 13, the world gold price converted to USD bank price was at more than 83.5 million VND/tael, including tax and fees, about 3.1 million VND/tael lower than the domestic gold price.

Financial markets experienced significant volatility over the weekend as both gold and the US dollar showed remarkable resilience despite initial reactions to the December non-farm payrolls report. Despite the initial sell-off, both assets closed higher, defying conventional market expectations.

However, by early this morning, the world gold market has shown signs of decline. It is worth noting that despite the fall in gold prices, many experts still have very positive opinions about the precious metal market.

In an interview with Kitco News, Kathy Lien, Director of FX Strategy at BK Asset Management and co-founder of BKForex.com, said:

“I think the price action in gold reflects what is happening in the equity markets, where traders are worried about rising US bond yields and the implications for borrowing costs and economic growth. The Fed not cutting rates earlier this year will cause more pain later,” she said.

Although gold prices are expected to remain volatile in 2025 due to the impact of US monetary policy and demand for safe-haven assets, Ms. Lien said she is still looking for trading opportunities on the upside.

“Overall, I am optimistic about gold prices this year and will look for opportunities to buy rather than sell,” she said.

Meanwhile, Nitesh Shah, head of commodity and macroeconomic research at WisdomTree Europe, said gold is an excellent portfolio diversifier because it allows investors to improve returns while effectively controlling risk.

“36% of the 800 professional investors surveyed said diversification was the main reason they held gold. Our analysis shows that gold has a low correlation with both stocks and bonds, so it makes a strong contribution to diversification efforts,” the expert said.