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Gold price this afternoon February 6, 2025: Gold price drops sharply before God of Wealth day

Quoc DuongDNUM_AGZACZCACF 15:51

Gold price this afternoon February 6, 2025: Domestic gold price dropped sharply before God of Wealth day. World gold price rose to a new record of 2882 USD.

Domestic gold price this afternoon February 6, 2025

As of 2:00 p.m. this afternoon, February 6, 2025, gold shops have all adjusted sharply down before the God of Wealth's day, the price of gold bars and plain round gold rings has dropped sharply by more than 1 million VND for buying.

At Saigon Jewelry Company (SJC), the price of gold bars is listed at VND86.9 million/tael (buy) and VND90.1 million/tael (sell). A decrease of VND1.1 million/tael in buying price - a decrease of VND900,000/tael in selling price 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 90.1 million VND/tael. This price decreased by 1.1 million VND/tael for buying and 900 thousand VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the buying price of SJC gold is 87 million VND/tael and the selling price is 88.7 million VND/tael. Thus, compared to yesterday's session, the buying price decreased by 1 million VND/tael and the selling price decreased by 800 thousand VND/tael.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 86.9 million VND/tael (buy) and 90.1 million VND/tael (sell). This price decreased by 1.1 million VND/tael for buying and 900 thousand VND/tael for selling compared to yesterday.

Giá vàng chiều nay 6/2/2025: Giá vàng giảm mạnh trước ngày vía Thần Tài
Today (February 6, 2025)Yesterday (February 5, 2025)
Purchase priceSelling pricePurchase priceSelling price
SJC
86,900▼110090,100▼90088,00091,000
DOJI HN
86,900▼110090,100▼90088,00091,000
DOJI SG
86,900▼110090,100▼90088,00091,000
BTMC SJC
87,200▼80090,400▼60088,00091,000
Phu Quy SJC
86,800▼120090,000▼100088,00091,000
PNJ HCMC
87,200▼100090,000▼70088,20090,700
PNJ Hanoi
87,200▼100090,000▼70088,20090,700
1.DOJI- Updated: 2/6/2025 2:00 PM - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN87,700▼300K90,700▼300K
AVPL/SJC HCM87,700▼300K90,700▼300K
AVPL/SJC DN87,700▼300K90,700▼300K
Raw material 9999 - HN87,500▼700K89,800▼300K
Raw material 999 - HN87,400▼700K89,700▼300K
AVPL/SJC Can Tho87,700▼300K90,700▼300K
2.PNJ- Updated: 2/6/2025 2:00 PM - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ87,700▼500K90,300▼400K
HCMC - SJC87,700▼300K90,700▼300K
Hanoi - PNJ87,700▼500K90,300▼400K
Hanoi - SJC87,700▼300K90,700▼300K
Da Nang - PNJ87,700▼500K90,300▼400K
Da Nang - SJC87,700▼300K90,700▼300K
Western Region - PNJ87,700▼500K90,300▼400K
Western Region - SJC87,700▼300K90,700▼300K
Jewelry gold price - PNJ87,700▼500K90,300▼400K
Jewelry gold price - SJC87,700▼300K90,700▼300K
Jewelry gold price - SoutheastPNJ87,700▼500K
Jewelry gold price - SJC87,700▼300K90,700▼300K
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring87,700▼500K
Jewelry gold price - Jewelry gold 999.987,700▼500K89,100▼500K
Jewelry gold price - Jewelry gold 99987,610▼500K89,010▼500K
Jewelry gold price - Jewelry gold 9987,310▼490K88,310▼490K
Jewelry gold price - 916 gold (22K)80,720▼450K81,720▼450K
Jewelry gold price - 750 gold (18K)65,580▼370K66,980▼370K
Jewelry gold price - 680 gold (16.3K)59,340▼340K60,740▼340K
Jewelry gold price - 650 gold (15.6K)56,670▼320K58,070▼320K
Jewelry gold price - 610 gold (14.6K)53,100▼310K54,500▼310K
Jewelry gold price - 585 gold (14K)50,870▼300K52,270▼300K
Jewelry gold price - 416 gold (10K)35,820▼200K37,220▼200K
Jewelry gold price - 375 gold (9K)32,160▼190K33,560▼190K
Jewelry gold price - 333 gold (8K)28,150▼170K29,550▼170K
3. SJC - Updated: 2/6/2025 14:00 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG86,900▼1100K90,100▼900K
SJC 5c86,900▼1100K90,120▼900K
SJC 2c, 1c, 5c86,900▼1100K90,130▼900K
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi86,900▼1100K89,900▼600K
SJC 99.99 gold ring 0.3 chi, 0.5 chi86,900▼1100K90,000▼600K
Jewelry 99.99%86,800▼1200K89,600▼700K
Jewelry 99%85,712▼1193K88,712▼693K
Jewelry 68%58,084▼476K61,084▼476K
Jewelry 41.7%34,516▼291K37,516▼291K

The current buying price of SJC 9999 gold ring is 86.9 million VND/tael and the selling price is 89.9 million VND/tael. A decrease of 1.1 million VND/tael in buying price - a decrease of 600 thousand VND/tael in selling price compared to the end of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price dropped sharply to 86.7 million VND/tael and the selling price dropped sharply to 90.1 million VND/tael, a decrease of 1.5 million VND per tael for buying - a decrease of 900 thousand VND per tael for selling compared to yesterday.

PNJ plain gold rings were bought at 87.8 million VND/tael and sold at 89.5 million VND/tael, down 400 thousand VND per tael for buying and down 1.2 million VND per tael for selling compared to yesterday.

Statistics from domestic gold prices from 2020-2024 show that as soon as the market resumes trading after the Lunar New Year holiday, gold prices often increase and maintain a short-term upward momentum. In the past 5 years, this scenario has repeated itself 3 times, except in 2021 and 2024.

After rising on the first trading days of the lunar year,Gold prices usually fall on the 9th day of Tet- one day before the God of Wealth's day. In 2023, the selling price of SJC gold on the 9th day of Tet was listed at 67.4 million VND, lower than the price of 68.2 million VND the day before.

In the past 5 years, the price of gold bars after the God of Wealth day has often followed a downward trend, partly due to the domestic buying power subsiding, causing prices to cool down, except in 2022 and 2024, when gold prices continued to increase steadily.

In general, the price of gold on God of Wealth day has a familiar scenario of decreasing close to the day, being pushed up on the day itself and cooling down at the end of the day, even decreasing deeply in the following days.

World gold price this afternoon 6/2/2025

As of 2:00 p.m. on February 6, the world spot gold price was $2,858 per ounce. During the session, the price reached a new peak of $2,882.

Gold prices on the international market have been increasing continuously, continuously setting new historical peaks due to the decline of the USD and the strong increase in demand for gold as a safe haven.

"Gold prices continue to be heavily influenced by trade uncertainty. The US imposed import tariffs on China and China retaliated almost immediately, causing safe-haven demand for gold to dominate the market," said Peter Grant, senior commodity strategist at Zaner Metals.

While world gold prices received many supportive factors, recently released US economic data continued to support the precious metal's price increase.

The U.S. services sector weakened last month while price pressures eased, according to the latest data from the Institute for Supply Management (ISM). The ISM announced Wednesday morning that its services purchasing managers index (PMI) fell to 52.8 in January, down from a revised 54 in December. The data was weaker than expected, with economists expecting a reading of 54.2.

In 2025, gold is still expected to continue to rise and the $2,900/ounce mark is no longer a strong barrier for this commodity. Interest rates are still expected to continue to decline, while inflation increases and economic tensions between the US and other countries escalate. Geopolitical tensions may ease, but in the short term, they are still hot.

Many forecasts say that China may continue to buy gold for its reserves if the trade war escalates. The Trump administration may not be as lenient with Beijing as it was in his first term.

The next key milestone for gold prices could be $3,000 an ounce.

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Gold price this afternoon February 6, 2025: Gold price drops sharply before God of Wealth day
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