Gold price this afternoon February 26, 2025: World gold price and domestic gold price decreased sharply

Domestic gold price this afternoon February 26, 2025

As of 2:00 p.m. today, February 26, 2025, domestic gold prices have decreased sharply in both buying and selling directions, specifically:

At Saigon Jewelry Company (SJC), the price of gold bars was listed at VND89 million/tael (buy) and VND91.3 million/tael (sell). The price of gold dropped sharply by VND700,000/tael in both buying and selling directions compared to the end of yesterday's trading session.

DOJI system listed SJC gold at buying price of 89 million VND/tael and selling price of 91.3 million VND/tael. This price decreased sharply 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 90.1 million VND/tael and the selling price is 91.3 million VND/tael. Thus, compared to yesterday's session, the buying price decreased by 500 thousand VND/tael and the selling price also decreased by 500 thousand VND/tael.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 89.3 million VND/tael (buy) and 91.3 million VND/tael (sell). This price decreased by 800 thousand VND/tael for buying and 900 thousand VND/tael for selling compared to yesterday.

The latest gold price list today, February 26, 2025 is as follows:

	Today (February 26, 2025)		Yesterday (February 25, 2025)
	Purchase price	Selling price	Purchase price	Selling price
SJC	89,000700	91,300700	89,700	92,000
DOJI Hanoi	89,000700	91,300700	89,700	92,000
DOJI SG	89,000700	91,300700	89,700	92,000
BTMC SJC	89,300800	91,300900	90,100	92,200
Phu Quy SJC	89,500600	91,500600	90,100	92,100
PNJ HCMC	89,000700	91,300700	90,700	92,000
PNJ Hanoi	89,000700	91,300700	90,700	92,000

The current buying price of SJC 9999 gold rings is 89 million VND/tael and the selling price is 91.1 million VND/tael. The gold ring price has dropped sharply by 700 thousand VND/tael in both buying and selling directions compared to the end of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price decreased to 90.2 million VND/tael and the selling price decreased to 91.3 million VND/tael, a decrease of 800 thousand VND/tael in buying price - a decrease of 700 thousand VND/tael in selling price compared to yesterday.

World gold price this afternoon February 26, 2025

As of 2:00 p.m. on February 26, the world gold price was listed at 2,914.48 USD/ounce, down 19.29 USD/ounce compared to the beginning of the previous trading session.

The price of gold has fallen to its lowest level in more than a week as investors rushed to sell to take profits. Previously, gold had just set a new record. In addition, the market was also affected by concerns about the instability related to the tax plan of US President Donald Trump.

According to RJO Futures expert Bob Haberkorn, the market is experiencing a strong wave of profit-taking. Many investors are choosing to stay on the sidelines and wait for gold prices to fall further before buying again.

Kitco.com expert Jim Wyckoff also commented that this is a normal correction, after gold prices increased more than 12% in just the first two months of the year. He emphasized that this decrease has not seriously affected the general trend of gold prices.

One of the reasons for the drop in gold prices was President Trump's new announcement of imposing tariffs on imports from Mexico and Canada. This move raised concerns about a new trade war, causing investors to sell off gold and switch to other investment channels.

In response to the news, US bond yields fell sharply to 4.3%, causing bond values ​​to increase. This attracted capital flows into bonds instead of gold, contributing to the decline in gold prices.

In addition, a report from the Conference Board (CB) showed that the US Consumer Confidence Index fell to an eight-month low, from 104.1 to 98.3 in February. Experts said that federal layoffs and economic policy uncertainties have negatively affected consumer sentiment, raising concerns about the risk of stagflation.

In the currency market, investors predict that the US Federal Reserve (Fed) may only cut interest rates by 50 basis points this year. This will keep the USD at a high level, putting pressure on gold prices.

Despite the sharp drop, gold prices are still holding above $2,900 an ounce. If this level is broken, gold could continue to fall to $2,877 or even $2,864. However, the long-term uptrend is still intact if gold holds above $2,800.

Despite the fall in gold prices, demand for the precious metal remains strong. The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, has continued to increase its holdings, now reaching more than 900 tonnes - the highest level in the past year and a half.

Experts predict that if the US continues to maintain high tax policies, inflation will increase and push up commodity prices. In that context, gold will benefit and may continue to increase in price.

Most major institutions predict that gold prices will hit a new peak in 2025. Goldman Sachs predicts that gold prices could reach $3,100 an ounce by the end of the year.

UBS bank has even higher expectations, with $3,200/ounce in the second half of the year.

JP Morgan also made a similar forecast, expecting spot gold prices to reach $3,100/ounce before the end of 2025.