Gold price this afternoon February 6, 2025: Gold price drops sharply before God of Wealth day
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 2,882 USD.
Domestic gold price this afternoon February 6, 2025
As of 2:00 p.m. today, February 6, 2025, gold shops have all made sharp adjustments 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 was 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.
| Today (February 6, 2025) | Yesterday (February 5, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 86,900▼1100 | 90,100▼900 | 88,000 | 91,000 |
| DOJI Hanoi | 86,900▼1100 | 90,100▼900 | 88,000 | 91,000 |
| DOJI SG | 86,900▼1100 | 90,100▼900 | 88,000 | 91,000 |
| BTMC SJC | 87,200▼800 | 90,400▼600 | 88,000 | 91,000 |
| Phu Quy SJC | 86,800▼1200 | 90,000▼1000 | 88,000 | 91,000 |
| PNJ HCMC | 87,200▼1000 | 90,000▼700 | 88,200 | 90,700 |
| PNJ Hanoi | 87,200▼1000 | 90,000▼700 | 88,200 | 90,700 |
| 1.DOJI- Updated: 6/2/2025 14:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 87,700▼300K | 90,700▼300K |
| AVPL/SJC HCM | 87,700▼300K | 90,700▼300K |
| AVPL/SJC DN | 87,700▼300K | 90,700▼300K |
| Raw material 9999 - HN | 87,500▼700K | 89,800▼300K |
| Raw materials 999 - HN | 87,400▼700K | 89,700▼300K |
| AVPL/SJC Can Tho | 87,700▼300K | 90,700▼300K |
| 2.PNJ- Updated: 6/2/2025 14:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 87,700▼500K | 90,300▼400K |
| HCMC - SJC | 87,700▼300K | 90,700▼300K |
| Hanoi - PNJ | 87,700▼500K | 90,300▼400K |
| Hanoi - SJC | 87,700▼300K | 90,700▼300K |
| Da Nang - PNJ | 87,700▼500K | 90,300▼400K |
| Da Nang - SJC | 87,700▼300K | 90,700▼300K |
| Western Region - PNJ | 87,700▼500K | 90,300▼400K |
| Western Region - SJC | 87,700▼300K | 90,700▼300K |
| Jewelry gold price - PNJ | 87,700▼500K | 90,300▼400K |
| Jewelry gold price - SJC | 87,700▼300K | 90,700▼300K |
| Jewelry gold price - Southeast | PNJ | 87,700▼500K |
| Jewelry gold price - SJC | 87,700▼300K | 90,700▼300K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 87,700▼500K |
| Jewelry gold price - Jewelry gold 999.9 | 87,700▼500K | 89,100▼500K |
| Jewelry gold price - 999 jewelry gold | 87,610▼500K | 89,010▼500K |
| Jewelry gold price - 99 jewelry gold | 87,310▼490K | 88,310▼490K |
| Jewelry gold price - 916 gold (22K) | 80,720▼450K | 81,720▼450K |
| Jewelry gold price - 750 gold (18K) | 65,580▼370K | 66,980▼370K |
| Jewelry gold price - 680 gold (16.3K) | 59,340▼340K | 60,740▼340K |
| Jewelry gold price - 650 gold (15.6K) | 56,670▼320K | 58,070▼320K |
| Jewelry gold price - 610 gold (14.6K) | 53,100▼310K | 54,500▼310K |
| Jewelry gold price - 585 gold (14K) | 50,870▼300K | 52,270▼300K |
| Jewelry gold price - 416 gold (10K) | 35,820▼200K | 37,220▼200K |
| Jewelry gold price - 375 gold (9K) | 32,160▼190K | 33,560▼190K |
| Jewelry gold price - 333 gold (8K) | 28,150▼170K | 29,550▼170K |
| 3. SJC - Updated: 6/2/2025 14:00 - Website time of supply - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 86,900▼1100K | 90,100▼900K |
| SJC 5c | 86,900▼1100K | 90,120▼900K |
| SJC 2c, 1C, 5 phan | 86,900▼1100K | 90,130▼900K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 86,900▼1100K | 89,900▼600K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 86,900▼1100K | 90,000▼600K |
| 99.99% Jewelry | 86,800▼1200K | 89,600▼700K |
| 99% Jewelry | 85,712▼1193K | 88,712▼693K |
| Jewelry 68% | 58,084▼476K | 61,084▼476K |
| Jewelry 41.7% | 34,516▼291K | 37,516▼291K |
The current buying price of SJC 9999 gold ring is 86.9 million VND/tael and 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 closing price 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 900,000 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 to 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 trend. In the past 5 years, this scenario has repeated 3 times, except in 2021 and 2024.
After rising on the first trading days of the lunar year,Gold prices usually decrease 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.
Over the past 5 years, the price of gold bars after God of Wealth Day has often followed a downward trend, partly due to 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 February 6, 2025
As of 2 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 imposing import tariffs on China and China retaliating 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 forecast, with economists expecting a reading of 54.2.
In 2025, gold is still forecast to continue to rise and the $2,900/ounce mark is no longer a strong barrier for this commodity. Interest rates are still forecast 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 reserves if the trade war escalates. The Trump administration may not be gentle with Beijing, like in the first term.
The next key milestone for gold prices could be $3,000 an ounce.
