Gold price this afternoon January 24, 2025: Gold price increased shockingly, exceeding 88 million
Gold price this afternoon, January 24, 2025: World gold price skyrocketed to 2,776 USD/ounce, equivalent to 85 million VND/tael. Domestic gold price skyrocketed to nearly 89 million VND/tael, plain rings exceeded 88 million VND.
Domestic gold price this afternoon January 24, 2025
As of 2:00 p.m. on January 24, 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 VND86.9 million/tael (buy) and VND88.9 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 86.9 million VND/tael and selling price of 88.9 million VND/tael. This price increased by 800 thousand VND/tael in both buying and selling directions compared to yesterday.
At Mi Hong Jewelry Company, the buying price of SJC gold is 86.9 million VND/tael and the selling price is 88 million VND/tael. Thus, compared to yesterday's session, the buying price increased by 100 thousand VND/tael and the selling price increased by 200 thousand VND/tael.
Bao Tin Minh Chau Company Limited listed the price of SJC gold at 86.9 million VND/tael (buy) and 88.9 million VND/tael (sell). This price increased by 800 thousand VND/tael in both buying and selling directions compared to yesterday.
| Today (January 24, 2025) | Yesterday (January 23, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 86,900▲800 | 88,900▲800 | 86,100 | 88,100 |
| DOJI HN | 86,900▲800 | 88,900▲800 | 86,100 | 88,100 |
| DOJI SG | 86,900▲800 | 88,900▲800 | 86,100 | 88,100 |
| BTMC SJC | 86,900▲800 | 88,900▲800 | 86,100 | 88,100 |
| Phu Quy SJC | 86,400▲200 | 88,900▲500 | 86,200 | 88,400 |
| PNJ HCMC | 86,500▲400 | 87,900▲200 | 86,100 | 87,700 |
| PNJ Hanoi | 86,500▲400 | 87,900▲200 | 86,100 | 87,700 |
The current buying price of SJC 9999 gold rings is 86.3 million VND/tael and the selling price is 88 million VND/tael. An increase of 200 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 86.6 million VND/tael and the selling price increased sharply to 88.1 million VND/tael, an increase of 200 thousand VND per tael for buying and selling compared to yesterday.
PNJ plain gold rings were bought at 86.9 million VND/tael and sold at 88.9 million VND/tael, an increase of 500 thousand VND per tael for buying and selling compared to yesterday.
World gold price this afternoon January 24, 2025
The world gold price today, January 24, skyrocketed to 2,776 USD/ounce, equivalent to 85 million VND/tael. Compared to yesterday's session, gold has increased by 600,000 VND/tael.
According to analysts, gold prices continue to rise due to the uncertainty of Mr. Trump's plans. Investors are worried and have transferred money to gold. The decline of the US dollar also boosts gold prices.
Recent better US economic data suggests the Fed may have to delay rate cuts longer, and a higher interest rate environment increases the opportunity cost of holding bullion, according to Jim Wyckoff, senior analyst at Kitco Metals.
This expert commented that in the US stock market, stock investors are trading very strongly so gold is less interested.
According to Gold Price, the sharp increase in gold prices has helped gold buyers make big profits. Specifically, those who bought gold and held it for the past month are making a profit of up to 126 USD/ounce, equivalent to 3.86 million VND/tael. Those who bought gold and held it for the past 6 months are making a profit of up to 396 USD/ounce, equivalent to 12 million VND/tael.
According to experts' forecasts, in general, the general trend of gold is still assessed to be upward in the context that the US under Mr. Trump is expected to continue to increase money pumping to stimulate the economy.
In addition, gold price fluctuations also depend on the geopolitical situation in the Middle East, Ukraine...
Many forecasts suggest that geopolitical tensions will ease under Trump, which will push gold prices down. In his inaugural address, Trump vowed to prevent wars and conflicts in hot spots around the world.
