Gold price this afternoon January 21, 2025: Gold price increased sharply to 87 million VND
Gold price this afternoon, January 21, 2025: World gold prices continued to increase sharply on the day President-elect Donald Trump took office. Domestic gold prices jumped nearly 1 million VND, reaching 87 million VND/tael.
Domestic gold price this afternoon January 21, 2025
As of 3:00 p.m. on January 21, 2025, domestic gold prices increased compared to yesterday's trading session, following the increase in world gold prices on the day Mr. Donald Trump took office as US President.
At Saigon Jewelry Company (SJC), the price of gold bars was listed at VND85.7 million/tael (buy) and VND87.7 million/tael (sell). An increase of VND800,000/tael in both buying and selling directions compared to the closing price of yesterday's trading session.
DOJI system listed SJC gold at buying price of 85.4 million VND/tael and selling price of 87.4 million VND/tael. This price increased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.
At Mi Hong Jewelry Company, the buying price of SJC gold is 86 million VND/tael and the selling price is 87 million VND/tael. Thus, compared to yesterday's session, the buying price and selling price increased by 700 thousand VND/tael.
Bao Tin Minh Chau Company Limited listed the price of SJC gold at 85.4 million VND/tael (buy) and 87.4 million VND/tael (sell). This price increased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.
The current buying price of SJC 9999 gold rings is 85.2 million VND/tael and the selling price is 86.9 million VND/tael. An increase of 600 thousand VND/tael in both buying and selling prices compared to the end of yesterday's trading session.
For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price increased sharply to 85.75 million VND/tael and the selling price increased sharply to 87.2 million VND/tael, an increase of 1.35 million VND per tael for buying - an increase of 1.2 million VND per tael for selling compared to yesterday.
PNJ plain gold rings were bought at VND85.3 million/tael and sold at VND87 million/tael. The recorded decrease was VND600,000/tael for buying - VND800,000/tael for selling.
| Today (January 21, 2025) | Yesterday (January 20, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 85,700▲800 | 87,700▲800 | 84,900 | 86,900 |
| a DOJI HN | 85,400▲500 | 87,400▲500 | 84,900 | 86,900 |
| DOJI SG | 85,400▲500 | 87,400▲500 | 84,900 | 86,900 |
| BTMC SJC | 85,400▲500 | 87,400▲500 | 84,900 | 86,900 |
| Phu Quy SJC | 85,200▲500 | 87,400▲500 | 84,700 | 86,900 |
| PNJ HCMC | 85,300▲600 | 87,000▲800 | 84,700 | 86,200 |
| PNJ Hanoi | 85,300▲600 | 87,000▲800 | 84,700 | 86,200 |
World gold price this afternoon January 21, 2025
As of 12:00 on January 20 (Vietnam time), the world gold price increased by 21.4 USD compared to the previous session to 2,723.4 USD/ounce.
Gold prices on the international market skyrocketed amid a sharp decline in the USD. The USD index on the international market fell to nearly 108 points.
On the other hand, gold received buying pressure due to increased risk aversion after US President Donald Trump officially declared his inauguration early this morning (Vietnam time). The new president's policies, signed immediately after taking office, will affect the direction of gold in the coming time.
Analysts say President Donald Trump's term will make the gold market more volatile because some of his policies could lead to increased inflation, making gold an attractive trading channel in the short term.
However, Mr Trump’s inflationary tariff policies could force the US Federal Reserve to maintain high interest rates for a longer period of time. A shortened Fed easing cycle could support the US dollar and create some volatility in the precious metals market, reducing the appeal of gold.
Mr Trump has talked about high tariffs on imports. However, according to Goldman Sachs, gold is likely to be widely exempt from tariffs. The bank only forecasts a 10% chance of a 10% tariff on gold in the next 12 months.
