Gold price this afternoon January 23, 2025: Gold price skyrocketed, reaching the highest level in the past 3 months
Gold price this afternoon, January 23, 2025: World gold prices continue to skyrocket, reaching the highest level in the past 3 months. Domestic gold prices simultaneously increased by 200,000 VND per tael, gold rings reached nearly 88 million VND.
Domestic gold price this afternoon January 23, 2025
As of 12:00 on January 23, 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 VND86.4 million/tael (buy) and VND88.4 million/tael (sell). An increase of VND200,000/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 86.4 million VND/tael and selling price of 88.4 million VND/tael. This price increased by 200 thousand VND/tael in both buying and selling directions compared to yesterday.
At Mi Hong Jewelry Company, the buying price of SJC gold is 86.8 million VND/tael and the selling price is 87.8 million VND/tael. Thus, compared to yesterday's session, the buying price and selling price increased by 300 thousand VND/tael.
Bao Tin Minh Chau Company Limited listed the price of SJC gold at 86.4 million VND/tael (buy) and 88.4 million VND/tael (sell). This price increased by 200 thousand VND/tael in both buying and selling directions compared to yesterday.
The current buying price of SJC 9999 gold rings is 86.1 million VND/tael and the selling price is 87.8 million VND/tael. An increase of 100 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 86.4 million VND/tael and the selling price increased sharply to 87.9 million VND/tael, an increase of 200 thousand VND per tael for buying and selling compared to yesterday.
PNJ plain gold rings are bought at 86.1 million VND/tael and sold at 87.7 million VND/tael.
| Today (January 23, 2025) | Yesterday (January 22, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 86,400▲200 | 88,400▲200 | 86,200 | 88,200 |
| DOJI HN | 86,400▲200 | 88,400▲200 | 86,200 | 88,200 |
| DOJI SG | 86,400▲200 | 88,400▲200 | 86,200 | 88,200 |
| BTMC SJC | 86,400▲200 | 88,400▲200 | 86,200 | 88,200 |
| Phu Quy SJC | 86,200▲400 | 88,400▲400 | 85,800 | 88,000 |
| PNJ HCMC | 86,100 | 87,700 | 86,100 | 87,700 |
| PNJ Hanoi | 86,100 | 87,700 | 86,100 | 87,700 |
At 9am this morning, at some gold shops on Tran Nhan Tong Street, hundreds of people lined up to buy and sell. Today, customers can buy up to 3 taels of gold instead of 1-3 taels like some previous days.
Standing in line to buy gold rings, Ms. Hoa, residing in Dong Da (Hanoi) said that last week, when the price of gold was still at 84 million VND/tael, she came here to queue to buy but the store said it was out of gold. Today she came back to buy, calculating that each tael of gold she had to buy was nearly 4 million VND more expensive than the day before.
World gold price this afternoon January 23, 2025
At the end of the trading session on January 22, the world spot gold price increased by 11 USD to 2,756 USD. This is the highest price in the past 3 months, approaching the record of 2,790 USD set on October 31, 2024.
The market rose on a weaker dollar and uncertainty surrounding the policies of US President Donald Trump, with investors worried that his policies could spark a trade war and disrupt financial markets.
The Dollar Index, which measures the greenback against a basket of six major currencies, fell to its lowest in more than three weeks. A weaker dollar makes gold less expensive for buyers using other currencies.
Hopes for a more positive relationship between the US and China after the decision to delay the ban on TikTok in the US by 75 days… have been dashed. Investors fear a trade and technology war between the US and many of the world's major economies.
Previously, Mr. Trump signed decrees imposing a 25% tax on all products exported to the US market from Canada and Mexico.
Many people are worried that commodity prices will escalate under Mr. Trump's policies. Inflation will turn around and increase sharply, which is an ideal environment for gold to increase in price.
Gold prices are expected to fluctuate strongly in the coming days due to many surprises, from new policies, policy reversals, to battles in the US Senate and House of Representatives.
In addition, there are foreign policies and solutions of the Trump administration for hot areas in the world. Mr. Trump has just sent messages to convince Russian President Vladimir Putin to make a deal to end the conflict in Ukraine, but also signaled that he does not rule out the possibility of punishing Russia if Moscow refuses to sit at the negotiating table.
Mr. Trump also put pressure on Europe and neighboring countries with warnings of increased tariffs.
These are factors that could cause gold prices to fluctuate, possibly throughout the 47th president's four-year term.
