Gold price this afternoon January 22, 2025: Gold price increased sharply, surpassing 88 million VND
Gold price this afternoon January 22, 2025: World gold prices continue to increase sharply as the USD weakens. Domestic gold prices increase far beyond the 88 million VND/tael mark.
Domestic gold price this afternoon January 22, 2025
As of 4:00 p.m. on January 22, 2025, domestic gold prices continued to increase compared to yesterday's trading session, following the increase in world gold prices.
At Saigon Jewelry Company (SJC), the price of gold bars was listed at 86.2 million VND/tael (buy) and 88.2 million VND/tael (sell). An increase of 700 thousand VND/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 86.2 million VND/tael and selling price of 88.2 million VND/tael. This price increased by 700 thousand VND/tael in both buying and selling directions compared to yesterday.
At Mi Hong Jewelry Company, the buying price of SJC gold is 86.5 million VND/tael and the selling price is 87.5 million VND/tael. Thus, compared to yesterday's session, the buying price and selling price increased by 500 thousand VND/tael.
Bao Tin Minh Chau Company Limited listed the price of SJC gold at 86.2 million VND/tael (buy) and 88.2 million VND/tael (sell). This price increased by 700 thousand VND/tael in both buying and selling directions compared to yesterday.
The current buying price of SJC 9999 gold ring is 86 million VND/tael and selling price is 87.7 million VND/tael. An increase of 800 thousand VND/tael in both buying and selling prices compared to the close of yesterday's trading session.
For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price increased sharply to 86.2 million VND/tael and the selling price increased sharply to 87.7 million VND/tael, an increase of 450 thousand VND per tael for buying - an increase of 500 thousand VND per tael for selling compared to yesterday.
PNJ plain gold rings were bought at 86.1 million VND/tael and sold at 87.7 million VND/tael. The recorded increase was 700 thousand VND/tael for buying - 500 thousand VND/tael for selling.
| Today (January 22, 2025) | Yesterday (January 21, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 86,200▲700 | 88,200▲700 | 85,500 | 87,500 |
| DOJI Hanoi | 86,200▲700 | 88,200▲700 | 85,500 | 87,500 |
| DOJI SG | 86,200▲700 | 88,200▲700 | 85,500 | 87,500 |
| BTMC SJC | 86,200▲700 | 88,200▲700 | 85,500 | 87,500 |
| Phu Quy SJC | 85,800▲300 | 88,000▲300 | 85,500 | 87,700 |
| PNJ HCMC | 86,100▲700 | 87,700▲500 | 85,400 | 87,200 |
| PNJ Hanoi | 86,100▲700 | 87,700▲500 | 85,400 | 87,200 |
World gold price this afternoon January 22, 2025
In the international market, precious metals reached a 3-month high. Each ounce of gold hovered around 2,750 USD, equivalent to 84.3 million VND per tael according to Vietcombank's selling rate. The difference between domestic and international gold prices is currently maintained at less than 4 million VND per tael.
The precious metal's rally was fueled by safe-haven demand amid uncertainty surrounding US President Donald Trump's trade policies and a weaker dollar.
Kelvin Wong, senior market analyst at OANDA in Asia-Pacific, said there is still some uncertainty regarding the timing of Trump's policies with major trading partners, causing uncertainty about the direction of the USD. This is the main short-term catalyst driving the upward trend of gold prices.
In his 2025 outlook report, Eric Strand, founder of precious metals company AuAg Funds, predicted that gold prices would surpass the $3,000/ounce mark this year.
“We expect gold to break $3,000 an ounce during the year and could end higher, with a realistic target of $3,300 an ounce,” he said.
Strand's bullish price represents a 20% increase from current levels. Strand believes the new Trump administration could usher in a new era of economic stimulus and loose monetary policy.
“Both Donald Trump and Elon Musk have built their careers on massive borrowing and bold strategies. In the next four years, the same situation may occur: the government will do everything possible to avoid crises and promote growth. However, this will lead to monetary inflation. Strong inflation will create a financial environment that pushes up commodity prices, including gold,” Strand said.
