Gold price this afternoon 2/3/2025: Domestic gold price skyrockets, world price plummets
Gold price this afternoon February 3, 2025: Domestic gold price skyrocketed to 1 million VND after the Lunar New Year holiday. World market plummeted.
Domestic gold price this afternoon 2/3/2025
As of 2:00 p.m. today, February 3, 2025, gold shops have simultaneously adjusted the prices of SJC gold and plain round gold rings.
At Saigon Jewelry Company (SJC), the price of gold bars was listed at VND87.3 million/tael (buy) and VND89.3 million/tael (sell). An increase of VND500,000/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 87.3 million VND/tael and selling price of 89.3 million VND/tael. This price increased by 400 thousand VND/tael in both buying and selling directions compared to yesterday.
At Mi Hong Jewelry Company, the buying price of SJC gold is 87.4 million VND/tael and the selling price is 88.6 million VND/tael. Thus, compared to yesterday's session, the buying price increased by 500 thousand VND/tael and the selling price increased by 600 thousand VND/tael.
Bao Tin Minh Chau Company Limited listed the price of SJC gold at 87.3 million VND/tael (buy) and 89.3 million VND/tael (sell). This price increased by 400 thousand VND/tael in both buying and selling directions compared to yesterday.
| Today (February 3, 2025) | Yesterday (February 2, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 87,300▲500 | 89,300▲500 | 86,900 | 88,800 |
| DOJI HN | 87,300▲400 | 89,300▲400 | 86,900 | 88,900 |
| DOJI SG | 87,300▲400 | 89,300▲400 | 86,900 | 88,900 |
| BTMC SJC | 87,300▲400 | 89,300▲400 | 86,900 | 88,900 |
| Phu Quy SJC | 87,300▲900 | 89,300▲400 | 86,400 | 88,900 |
| PNJ HCMC | 87,200▲600 | 88,900▲800 | 86,600 | 88,100 |
| PNJ Hanoi | 87,200▲600 | 88,900▲800 | 86,600 | 88,100 |
The current buying price of SJC 9999 gold rings is 87.1 million VND/tael and the selling price is 88.8 million VND/tael. An increase of 800 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 87.6 million VND/tael and the selling price increased sharply to 89 million VND/tael, an increase of 1 million VND per tael for buying - an increase of 900 thousand VND per tael for selling compared to yesterday.
PNJ plain gold rings were bought at 87.2 million VND/tael and sold at 88.9 million VND/tael, an increase of 600 thousand VND per tael for buying and 800 thousand VND per tael for selling compared to yesterday.
World gold price this afternoon 2/3/2025
World gold prices fluctuated abnormally on the morning of February 3, increasing sharply by 10 USD/ounce to 2,810 USD/ounce but then quickly plummeted to 2,782 USD/ounce.
World gold prices plummeted amid the rising USD. Recorded at 10:30 a.m. on February 3, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 109.695 points (up 1.35%).
Significant financial market and geopolitical uncertainty has pushed gold prices to a new record high above $2,800. And while speculative positions appear to be overbought, analysts say the precious metal remains well supported in the near term, with the news of the tariffs recently implemented by the US.
Naeem Aslam, chief investment officer at Zaye Capital Markets, said that while gold prices may fall in the short term, the decline will not last long. He said that inflation concerns and central bank policies will play a key role in maintaining the value of gold in the medium to long term.
Aslam also stressed that the fall in gold prices is not a cause for concern, as any correction could be seen as a buying opportunity by many investors.
