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Gold price this afternoon February 18, 2025: Gold price increased sharply to a sky-high 91 million

Quoc DuongDNUM_BIZACZCACF 15:07

Gold price this afternoon, February 18, 2025: World gold prices increased sharply due to uncertainties about the US President's tax plan. Domestic gold prices soared to a high of 91 million.

Domestic gold price this afternoon February 18, 2025

As of 2:30 p.m. this afternoon, February 18, 2025, domestic gold shops increased sharply in both buying and selling directions.

At Saigon Jewelry Company (SJC), the price of gold bars was listed at VND88.6 million/tael (buy) and VND91.1 million/tael (sell). A sharp increase of VND1 million/tael in the buying direction - an increase of VND500,000/tael in the selling direction compared to the closing price of yesterday's trading session.

DOJI system listed SJC gold at buying price of 88.6 million VND/tael and selling price of 91.1 million VND/tael. This price increased sharply by 1 million VND/tael for buying - increased by 500 thousand VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the buying price of SJC gold is 89.5 million VND/tael and the selling price is 90.5 million VND/tael. Thus, compared to yesterday's session, the buying price increased by 500 thousand VND/tael and the selling price increased by 100 thousand VND/tael.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 88.6 million VND/tael (buy) and 91.1 million VND/tael (sell). This price increased sharply by 1 million VND/tael for buying - increased by 500 thousand VND/tael for selling compared to yesterday.

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Gold price this afternoon February 18, 2025: Gold price increased sharply to a sky-high 91 million
Today (February 18, 2025)Yesterday (February 17, 2025)
Purchase priceSelling pricePurchase priceSelling price
SJC
88,600▲1000K91,100▲500K87,60090,600
DOJI HN
88,600▲1000K91,100▲500K87,60090,600
DOJI SG
88,600▲1000K91,100▲500K87,60090,600
BTMC SJC
88,600▲1000K91,100▲500K87,60090,600
Phu Quy SJC
88,700▲500K91,100▲500K88,20090,600
PNJ HCMC
89,400▲300K91,000▲450K89,10090,550
PNJ Hanoi
89,300▲200K91,000▲450K89,10090,550
1.DOJI- Updated: 2/18/2025 2:30 PM - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN88,600▲1000K91,100▲500K
AVPL/SJC HCM88,600▲1000K91,100▲500K
AVPL/SJC DN88,600▲1000K91,100▲500K
Raw material 9999 - HN89,700▲600K90,200▲500K
Raw material 999 - HN89,600▲600K90,100▲500K
AVPL/SJC Can Tho88,600▲1000K91,100▲500K
2.PNJ- Updated: 2/18/2025 2:30 PM - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ89,400▲300K91,000▲450K
HCMC - SJC88,600▲1000K91,100▲500K
Hanoi - PNJ89,400▲300K91,000▲450K
Hanoi - SJC88,600▲1000K91,100▲500K
Da Nang - PNJ89,400▲300K91,000▲450K
Da Nang - SJC88,600▲1000K91,100▲500K
Western Region - PNJ89,400▲300K91,000▲450K
Western Region - SJC88,600▲1000K91,100▲500K
Jewelry gold price - PNJ89,400▲300K91,000▲450K
Jewelry gold price - SJC88,600▲1000K91,100▲500K
Jewelry gold price - SoutheastPNJ89,400▲300K
Jewelry gold price - SJC88,600▲1000K91,100▲500K
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring89,400▲300K
Jewelry gold price - Jewelry gold 999.988,400▲500K90,900▲500K
Jewelry gold price - Jewelry gold 99988,310▲500K90,810▲500K
Jewelry gold price - Jewelry gold 9987,590▲490K90,090▲490K
Jewelry gold price - 916 gold (22K)80,860▲450K83,360▲450K
Jewelry gold price - 750 gold (18K)65,830▲380K68,330▲380K
Jewelry gold price - 680 gold (16.3K)59,460▲340K61,960▲340K
Jewelry gold price - 650 gold (15.6K)56,740▲330K59,240▲330K
Jewelry gold price - 610 gold (14.6K)53,100▲310K55,600▲310K
Jewelry gold price - 585 gold (14K)50,830▲300K53,330▲300K
Jewelry gold price - 416 gold (10K)35,460▲200K37,960▲200K
Jewelry gold price - 375 gold (9K)31,740▲190K34,240▲190K
Jewelry gold price - 333 gold (8K)27,650▲170K30,150▲170K
3. SJC - Updated: 2/18/2025 2:30 PM - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG88,600▲1000K91,100▲500K
SJC 5c88,600▲1000K91,120▲500K
SJC 2c, 1c, 5c88,600▲1000K91,130▲500K
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi88,600▲1000K90,900▲500K
SJC 99.99 gold ring 0.3 chi, 0.5 chi88,600▲1000K91,000▲500K
Jewelry 99.99%88,600▲1000K90,500▲500K
Jewelry 99%86,603▲495K89,603▲495K
Jewelry 68%58,696▲340K61,696▲340K
Jewelry 41.7%34,892▲208K37,892▲208K

The current buying price of SJC 9999 gold rings is 88.6 million VND/tael and the selling price is 90.9 million VND/tael. A sharp increase of 1 million VND/tael in buying price - an increase of 500 thousand VND/tael in selling price compared to the end of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price increased sharply to 89.7 million VND/tael and the selling price increased sharply to 91.1 million VND/tael, an increase of 600 thousand VND/tael in buying - an increase of 500 thousand VND/tael in selling compared to yesterday.

PSG-TS Nguyen Huu Huan (Ho Chi Minh City University of Economics) commented that in 2025, the world gold price will depend on the geopolitical situation. If the war in Ukraine remains tense, the gold price will continue to be pushed up. With President Donald Trump's tax policy..., the world gold price will increase. In particular, US inflation will increase, pushing the USD value down, the gold price will increase to 3,000 USD/ounce.

But whether the domestic gold price will follow the same trend as the world gold price is still difficult to determine. According to PSG-TS Huan, this depends on the investment strategy of investors and their expected profits. For a long time, the domestic gold price has always been higher than the international gold price by several million to several tens of million VND, and the domestic gold supply and demand are also difficult to balance, especially SJC gold bars.

According to Dr. Nguyen Tri Hieu, a finance and banking expert, buying domestic gold at this time is quite risky because the domestic market is not connected internationally. Therefore, investing in gold needs to be carefully considered, and one should not 'put all eggs in one basket', because many people have 'lost their money' because of gold in the past.

World gold price this afternoon February 18, 2025

As of 2:30 p.m. on February 18 (Vietnam time), the world spot gold price was at $2,911.37/ounce, up $10.01/ounce compared to last night. The gold futures price for April 2025 on the Comex New York floor was at $2,905/ounce.

Global gold prices continued to rise as uncertainties surrounding US President Donald Trump’s tax plans continued to weigh on market sentiment. Demand for safe-haven assets such as gold increased amid concerns about a global trade war.

'We are seeing central banks buying gold in large amounts,' said Kyle Rodda, financial markets analyst at Capital.com. 'At the same time, there are concerns about a shortage of gold in Europe as people are rushing to buy gold from the US to avoid potential tariffs. I think the uptrend in gold will continue because the fundamentals are very positive.'

Since taking office, President Trump has imposed a 10% tariff on imports from China, announced and delayed a 25% tariff on goods from Mexico and non-energy goods from Canada. He has also scheduled a 25% tariff on imported steel and aluminum, and plans to impose tariffs on all countries that tax U.S. goods.

Michelle Bowman, a member of the US Federal Reserve Board of Governors, said she wants to see more evidence of falling inflation this year before the Fed cuts interest rates again, especially amid uncertainty around new trade policies. Gold is considered a traditional hedge against inflation and economic uncertainty.

Two other Fed officials are scheduled to speak later in the day to provide more insight into the direction of monetary policy.

Meanwhile,Goldman Sachsraised its forecast for gold prices by the end of 2025 to $3,100 an ounce, from $2,890 previously, due to increased demand for gold from central banks.

On the same day, European leaders meeting in Paris called for increased spending to improve the continent's defense capabilities, but remained divided over the deployment of peacekeeping forces in Ukraine.

Besides gold, spot silver prices fell 1.5% to $32.30 an ounce, while platinum rose 0.7% to $981.86 an ounce and palladium prices rose 1.3% to $974.75 an ounce.

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Gold price this afternoon February 18, 2025: Gold price increased sharply to a sky-high 91 million
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