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Gold price this afternoon February 28, 2025: World gold price and domestic gold price decreased sharply, hitting a multi-week low

Quoc DuongDNUM_CIZACZCACF 15:28

Gold price this afternoon, February 28, 2025: World gold price dropped sharply, hitting a multi-week low. Domestically, gold prices also fell sharply below the 91 million VND/tael mark.

Domestic gold price this afternoon February 28, 2025

As of 2:30 p.m. this afternoon, February 28, 2025, domestic gold prices have decreased sharply in both buying and selling directions, specifically:

At Saigon Jewelry Company (SJC), the price of gold bars is listed at VND88.5 million/tael (buy) and VND90.5 million/tael (sell). This afternoon's gold price decreased by VND400,000/tael in the buying direction - decreased by VND700,000/tael in the selling direction compared to the closing price of yesterday's trading session.

DOJI system listed SJC gold at buying price of 88.5 million VND/tael and selling price of 90.5 million VND/tael. This price decreased by 400 thousand VND/tael for buying and 700 thousand VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the buying price of SJC gold is 89.9 million VND/tael and the selling price is 90.5 million VND/tael. Thus, compared to yesterday's session, the buying price decreased by 700 thousand VND/tael and the selling price decreased sharply by 1 million VND/tael.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at VND88.8 million/tael (buy) and VND90.5 million/tael (sell). This price decreased by VND400,000/tael for buying and VND700,000/tael for selling compared to yesterday.

Giá vàng chiều nay 28/2/2025: Giá vàng giảm mạnh, chạm đáy nhiều tuần

The latest gold price list today, February 28, 2025 is as follows:

Today (February 28, 2025)Yesterday (February 27, 2025)
Purchase priceSelling pricePurchase priceSelling price
SJC
88,500
400
90,500
700
88,90091,200
DOJI HN
88,500
400
90,500
700
88,90091,200
DOJI SG
88,500
400
90,500
700
88,90091,200
BTMC SJC
88,800
400
90,500
700
89,20091,200
Phu Quy SJC
88,700
500
90,500
700
89,20091,200
PNJ HCMC
89,800
500
90,500
700
90,30091,200
PNJ Hanoi
89,800
500
90,500
700
90,30091,200
1.DOJI- Updated: 28/2/2025 14:00 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN88,500▼400K90,500▼700K
AVPL/SJC HCM88,500▼400K90,500▼700K
AVPL/SJC DN88,500▼400K90,500▼700K
Raw material 9999 - HN90,000▼100K90,400▼200K
Raw material 999 - HN89,900▼100K90,300▼200K
AVPL/SJC Can Tho88,500▼400K90,500▼700K
2.PNJ- Updated: 28/2/2025 14:00 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ89,800▼500K90,500▼700K
HCMC - SJC88,500▼400K90,500▼700K
Hanoi - PNJ89,800▼500K90,500▼700K
Hanoi - SJC88,500▼400K90,500▼700K
Da Nang - PNJ89,800▼500K90,500▼700K
Da Nang - SJC88,500▼400K90,500▼700K
Western Region - PNJ89,800▼500K90,500▼700K
Western Region - SJC88,500▼400K90,500▼700K
Jewelry gold price - PNJ89,800▼500K90,500▼700K
Jewelry gold price - SJC88,500▼400K90,500▼700K
Jewelry gold price - SoutheastPNJ89,800▼500K
Jewelry gold price - SJC88,500▼400K90,500▼700K
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring89,800▼500K
Jewelry gold price - Jewelry gold 999.988,000▼600K90,500▼600K
Jewelry gold price - Jewelry gold 99987,910▼600K90,410▼600K
Jewelry gold price - Jewelry gold 9987,200▼590K89,700▼590K
Jewelry gold price - 916 gold (22K)80,500▼550K83,000▼550K
Jewelry gold price - 750 gold (18K)65,530▼450K68,030▼450K
Jewelry gold price - 680 gold (16.3K)59,190▼410K61,690▼410K
Jewelry gold price - 650 gold (15.6K)56,480▼390K58,980▼390K
Jewelry gold price - 610 gold (14.6K)52,860▼360K55,360▼360K
Jewelry gold price - 585 gold (14K)50,590▼350K53,090▼350K
Jewelry gold price - 416 gold (10K)35,300▼250K37,800▼250K
Jewelry gold price - 375 gold (9K)31,590▼220K34,090▼220K
Jewelry gold price - 333 gold (8K)27,520▼190K30,020▼190K
3. SJC - Updated: 28/2/2025 14:00 - Time of the source website - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG88,900▼100K91,200▼100K
SJC 5c88,900▼100K91,220▼100K
SJC 2c, 1c, 5c88,900▼100K91,230▼100K
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi88,900▼100K91,000▼100K
SJC 99.99 gold ring 0.3 chi, 0.5 chi88,900▼100K91,100▼100K
Jewelry 99.99%88,900▼100K90,700▼100K
Jewelry 99%86,801▼99K89,801▼99K
Jewelry 68%58,832▼68K61,832▼68K
Jewelry 41.7%34,975▼41K37,975▼41K

The current buying price of SJC 9999 gold rings is 88.5 million VND/tael and the selling price is 90.4 million VND/tael. The buying price of gold rings decreased by 400 thousand VND/tael - 600 thousand VND/tael compared to the end of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price decreased to 90 million VND/tael and the selling price decreased to 91 million VND/tael, a decrease of 100 thousand VND/tael in buying price - a decrease of 200 thousand VND/tael in selling price compared to yesterday.

World gold price this afternoon February 28, 2025

This afternoon, the world gold price continued to decline. At 2:30 p.m. today (February 28, Vietnam time), the world spot gold price was at 2,859 USD/ounce, down 30 USD/ounce compared to early this morning.

Last night, the price of gold suddenly dropped sharply, at one point down to 2,867 USD/ounce, 100 USD lower than the previous record high.

There are two main reasons for this. First, the strengthening of the US dollar has caused gold prices to fall, since gold is priced in US dollars. Second, many investors are taking profits after a long period of rapid gold price increases, causing selling pressure in the market.

In addition, the US President's contradictory statements on tariffs with countries such as Mexico, Canada and China have also caused a lot of uncertainty. Analysts warn that trade tensions could slow economic growth and push up inflation in North America.

Gold prices were also pressured by the release of new US economic data. US durable goods orders rose 3.1% in January, much higher than the forecast of 1.3%. This shows that the US economy is still quite strong, supporting the USD and putting downward pressure on gold prices, because gold does not yield interest like other assets.

On the other hand, the US housing market weakened as the pending home purchase contract index fell 4.6% in January to a record low, reflecting the weakening affordability of housing in the US due to high mortgage rates (6.91% - 7.04%).

Inflation remains high, forcing the US Federal Reserve (FED) to keep interest rates unchanged instead of cutting them as previously predicted. This also negatively affects gold prices, as high interest rates make investors prioritize more profitable assets.

Central banks will play a key role in shaping gold prices, with their purchases of gold reserves in recent years driving demand for the metal, according to Frank Watson, an analyst at Kinesis Money.

Nitesh Shah of WisdomTree, however, believes that gold is currently about 15% overvalued. However, if the global economy declines, gold prices could continue to rise sharply, making this premium negligible.

In addition, China and central banks continue to accumulate gold, which is expected to support gold prices in the long term. However, for gold prices to increase sustainably, there needs to be stronger supporting factors, while recently, gold has not had much positive news.

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Gold price this afternoon February 28, 2025: World gold price and domestic gold price decreased sharply, hitting a multi-week low
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