Gold price this afternoon February 28, 2025: World gold price and domestic gold price dropped sharply, hitting a multi-week low
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 88.5 million VND/tael (buy) and 90.5 million VND/tael (sell). This afternoon's gold price decreased by 400 thousand VND/tael in buying price - decreased by 700 thousand VND/tael in selling price compared to the end 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 88.8 million VND/tael (buy) and 90.5 million VND/tael (sell). This price decreased by 400 thousand VND/tael for buying and 700 thousand VND/tael for selling compared to yesterday.
The latest gold price list today, February 28, 2025 is as follows:
| Today (February 28, 2025) | Yesterday (February 27, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 88,500  400 | 90,500 700 | 88,900 | 91,200 |
| DOJI Hanoi | 88,500 400 | 90,500 700 | 88,900 | 91,200 |
| DOJI SG | 88,500 400 | 90,500 700 | 88,900 | 91,200 |
| BTMC SJC | 88,800 400 | 90,500 700 | 89,200 | 91,200 |
| Phu Quy SJC | 88,700 500 | 90,500 700 | 89,200 | 91,200 |
| PNJ HCMC | 89,800 500 | 90,500 700 | 90,300 | 91,200 |
| PNJ Hanoi | 89,800 500 | 90,500 700 | 90,300 | 91,200 |
| 1.DOJI- Updated: 28/2/2025 14:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 88,500▼400K | 90,500▼700K |
| AVPL/SJC HCM | 88,500▼400K | 90,500▼700K |
| AVPL/SJC DN | 88,500▼400K | 90,500▼700K |
| Raw material 9999 - HN | 90,000▼100K | 90,400▼200K |
| Raw materials 999 - HN | 89,900▼100K | 90,300▼200K |
| AVPL/SJC Can Tho | 88,500▼400K | 90,500▼700K |
| 2.PNJ- Updated: 28/2/2025 14:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 89,800▼500K | 90,500▼700K |
| HCMC - SJC | 88,500▼400K | 90,500▼700K |
| Hanoi - PNJ | 89,800▼500K | 90,500▼700K |
| Hanoi - SJC | 88,500▼400K | 90,500▼700K |
| Da Nang - PNJ | 89,800▼500K | 90,500▼700K |
| Da Nang - SJC | 88,500▼400K | 90,500▼700K |
| Western Region - PNJ | 89,800▼500K | 90,500▼700K |
| Western Region - SJC | 88,500▼400K | 90,500▼700K |
| Jewelry gold price - PNJ | 89,800▼500K | 90,500▼700K |
| Jewelry gold price - SJC | 88,500▼400K | 90,500▼700K |
| Jewelry gold price - Southeast | PNJ | 89,800▼500K |
| Jewelry gold price - SJC | 88,500▼400K | 90,500▼700K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 89,800▼500K |
| Jewelry gold price - Jewelry gold 999.9 | 88,000▼600K | 90,500▼600K |
| Jewelry gold price - 999 jewelry gold | 87,910▼600K | 90,410▼600K |
| Jewelry gold price - 99 jewelry gold | 87,200▼590K | 89,700▼590K |
| Jewelry gold price - 916 gold (22K) | 80,500▼550K | 83,000▼550K |
| Jewelry gold price - 750 gold (18K) | 65,530▼450K | 68,030▼450K |
| Jewelry gold price - 680 gold (16.3K) | 59,190▼410K | 61,690▼410K |
| Jewelry gold price - 650 gold (15.6K) | 56,480▼390K | 58,980▼390K |
| Jewelry gold price - 610 gold (14.6K) | 52,860▼360K | 55,360▼360K |
| Jewelry gold price - 585 gold (14K) | 50,590▼350K | 53,090▼350K |
| Jewelry gold price - 416 gold (10K) | 35,300▼250K | 37,800▼250K |
| Jewelry gold price - 375 gold (9K) | 31,590▼220K | 34,090▼220K |
| Jewelry gold price - 333 gold (8K) | 27,520▼190K | 30,020▼190K |
| 3. SJC - Updated: February 28, 2025 14:00 - Website time of supply - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 88,900▼100K | 91,200▼100K |
| SJC 5c | 88,900▼100K | 91,220▼100K |
| SJC 2c, 1C, 5 phan | 88,900▼100K | 91,230▼100K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 88,900▼100K | 91,000▼100K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 88,900▼100K | 91,100▼100K |
| 99.99% Jewelry | 88,900▼100K | 90,700▼100K |
| 99% Jewelry | 86,801▼99K | 89,801▼99K |
| Jewelry 68% | 58,832▼68K | 61,832▼68K |
| Jewelry 41.7% | 34,975▼41K | 37,975▼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 - the selling price decreased by 600 thousand VND/tael compared to the closing price 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 times 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, as 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 maintain current interest rates 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, according to Frank Watson, an analyst at Kinesis Money.
Nitesh Shah of WisdomTree, however, believes that gold is currently overvalued by about 15%. However, if the global economy declines, gold prices could continue to rise sharply, making this premium negligible.
In addition, China and central banks are still accumulating 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.
