Gold price this afternoon February 9, 2025: Gold price has a week of skyrocketing increase both domestically and internationally
Gold price this afternoon February 9, 2025: Domestic gold price and international gold price have had a week of sharp increase. Next week, the world precious metal is forecast to continue to increase.
Domestic gold price this afternoon February 9, 2025
As of 1:00 p.m. this afternoon, February 9, 2025, domestic gold shops are maintaining a very high level, the price of gold bars and smooth round gold rings are all above 90 million VND/tael for buying.
At Saigon Jewelry Company (SJC), the price of gold bars was listed at VND86.8 million/tael (buy) and VND90.3 million/tael (sell). There was no change in both buying and selling prices compared to the end of yesterday's trading session.
DOJI system listed SJC gold at buying price of 86.8 million VND/tael and selling price of 90.3 million VND/tael. This price remained unchanged in both buying and selling directions compared to yesterday.
At Mi Hong Jewelry Company, the buying price of SJC gold is 87 million VND/tael and the selling price is 88.2 million VND/tael. Thus, compared to yesterday's session, the buying price remained unchanged and the selling price decreased by 200 thousand VND/tael.
Bao Tin Minh Chau Company Limited listed the price of SJC gold at 86.8 million VND/tael (buy) and 90.3 million VND/tael (sell). This price remained unchanged in both buying and selling directions compared to yesterday.
| Today (February 9, 2025) | Yesterday (February 8, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 86,800 | 90,300 | 86,800 | 90,300 |
| DOJI Hanoi | 86,800 | 90,300 | 86,800 | 90,300 |
| DOJI SG | 86,800 | 90,300 | 86,800 | 90,300 |
| BTMC SJC | 86,800 | 90,300 | 86,800 | 90,300 |
| Phu Quy SJC | 86,800 | 90,300 | 86,800 | 90,300 |
| PNJ HCMC | 86,700 | 90,100 | 86,700 | 90,100 |
| PNJ Hanoi | 86,700 | 90,100 | 86,700 | 90,100 |
| 1.DOJI- Updated: 2/9/2025 1:00 PM - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 86,800 | 90,300 |
| AVPL/SJC HCM | 86,800 | 90,300 |
| AVPL/SJC DN | 86,800 | 90,300 |
| Raw material 9999 - HN | 86,600 | 89,400 |
| Raw materials 999 - HN | 86,500 | 89,300 |
| AVPL/SJC Can Tho | 86,800 | 90,300 |
| 2.PNJ- Updated: 2/9/2025 1:00 PM - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 86,700 | 90,100 |
| HCMC - SJC | 86,800 | 90,300 |
| Hanoi - PNJ | 86,700 | 90,100 |
| Hanoi - SJC | 86,800 | 90,300 |
| Da Nang - PNJ | 86,700 | 90,100 |
| Da Nang - SJC | 86,800 | 90,300 |
| Western Region - PNJ | 86,700 | 90,100 |
| Western Region - SJC | 86,800 | 90,300 |
| Jewelry gold price - PNJ | 86,700 | 90,100 |
| Jewelry gold price - SJC | 86,800 | 90,300 |
| Jewelry gold price - Southeast | PNJ | 86,700 |
| Jewelry gold price - SJC | 86,800 | 90,300 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 86,700 |
| Jewelry gold price - Jewelry gold 999.9 | 86,700 | 89,200 |
| Jewelry gold price - 999 jewelry gold | 86,610 | 89,110 |
| Jewelry gold price - 99 jewelry gold | 85,910 | 88,410 |
| Jewelry gold price - 916 gold (22K) | 79,310 | 81,810 |
| Jewelry gold price - 750 gold (18K) | 64,550 | 67,050 |
| Jewelry gold price - 680 gold (16.3K) | 58,310 | 60,810 |
| Jewelry gold price - 650 gold (15.6K) | 55,630 | 58,130 |
| Jewelry gold price - 610 gold (14.6K) | 52,060 | 54,560 |
| Jewelry gold price - 585 gold (14K) | 49,830 | 52,330 |
| Jewelry gold price - 416 gold (10K) | 34,760 | 37,260 |
| Jewelry gold price - 375 gold (9K) | 31,100 | 33,600 |
| Jewelry gold price - 333 gold (8K) | 27,090 | 29,590 |
| 3. SJC - Updated: 9/2/2025 13:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 86,800 | 90,300 |
| SJC 5c | 86,800 | 90,320 |
| SJC 2c, 1C, 5 phan | 86,800 | 90,330 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 86,800 | 89,800 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 86,800 | 89,900 |
| 99.99% Jewelry | 86,700 | 89,400 |
| 99% Jewelry | 85,514 | 88,514 |
| Jewelry 68% | 57,948 | 60,948 |
| Jewelry 41.7% | 34,433 | 37,433 |
The current buying price of SJC 9999 gold ring is 86.8 million VND/tael and the selling price is 89.8 million VND/tael. No change 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 dropped sharply to 86.6 million VND/tael and the selling price dropped sharply to 90.3 million VND/tael, unchanged in both buying and selling directions compared to yesterday.
Domestic gold prices fluctuated strongly last week, businesses bought gold bars and gold rings at the same price, while selling SJC gold bars at a higher price. The difference between buying and selling prices also widened to a very high level, 3.5 million VND/tael.
According to analysts, gold prices benefited from strong safe-haven flows due to concerns about Donald Trump's tariff policies towards trade partners. Despite continuously hitting new highs, gold prices are still forecast to continue to rise, according to Kitco's survey on trends next week.
World gold price this afternoon February 9, 2025
As of 1:00 p.m. on February 9 (Vietnam time), the world gold price remained unchanged compared to the previous session at 2,860 USD/ounce.
Financial markets have been volatile since early February when US President Donald Trump threatened to impose 25% tariffs on Canada and Mexico, but then delayed implementation for a month pending further negotiations. China responded with retaliatory tariffs and restrictions on rare earths exports. US GDP growth is forecast to slow, CPI inflation to rise, and China’s GDP is also expected to decline.
UOB Bank said the risks to the global economy do not stop there. President Trump could impose tariffs on the European Union and increase tariff threats against Canada, Mexico and China. In the worst case scenario, he could impose comprehensive tariffs on all imports into the US.
UOB's pessimistic scenario of 40% probability suggests that tariffs on Mexico and Canada could rise further, while China faces significantly higher tariffs of up to 60%. The rest of the world could see a blanket tariff of 10-20%.
Against this backdrop, US GDP growth is estimated to have slowed to just 1%, with inflation jumping 1 percentage point to 3.1%. China's GDP growth is also expected to slow to 3.5% this year.
Forecasting gold prices next week, Colin Cieszynski - Chief Market Strategist at SIA Wealth Management said: "I remain bullish on gold next week. It is developing well based on the recent breakout."
Adrian Day - Chairman of Adrian Day Asset Management has affirmed that gold prices will continue to increase.
“The momentum in gold that has driven the price of gold over the past year is still intact. Gold will rise soon, we will need a pause and consolidation, but probably not now,” said Adrian Day.
