Gold price today 2/1/2025: World gold price rises to all-time high
Gold price today February 1, 2025: World gold price increased to an all-time high when it surpassed the threshold of 2800 USD/ounce, however, it is forecasted that gold price could drop sharply to 100 USD.
Domestic gold price today 2/1/2025
At the time of survey at 4:30 a.m. on February 1, 2025, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 86.6 million VND/tael for buying and 88.1 million VND/tael for selling. No change in both buying and selling compared to yesterday.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 87.1-88.5 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 86.9-88.9 million VND/tael (buying - selling), unchanged in both buying and selling directions compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 86.4-88.9 million VND/tael (buy - sell), unchanged in both buying and selling directions compared to yesterday.
The latest gold price list today, February 1, 2025 is as follows:
| Gold price today | February 1, 2025 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 86.8 | 88.8 | - | - |
| DOJI Group | 86.9 | 88.9 | - | - |
| Red Eyelashes | 87.1 | 88.5 | - | - |
| PNJ | 86.8 | 88.8 | - | - |
| Vietinbank Gold | 88.8 | - | ||
| Bao Tin Minh Chau | 86.9 | 88.9 | - | - |
| Phu Quy | 86.4 | 88.9 | - | - |
| 1.DOJI- Updated: 1/2/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 86,900 | 88,900 |
| AVPL/SJC HCM | 86,900 | 88,900 |
| AVPL/SJC DN | 86,900 | 88,900 |
| Raw material 9999 - HN | 86,400 | 87,200 |
| Raw material 999 - HN | 86,300 | 87,100 |
| AVPL/SJC Can Tho | 86,900 | 88,900 |
| 2.PNJ- Updated: 1/2/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 86,600 | 88,100 |
| HCMC - SJC | 86,800 | 88,800 |
| Hanoi - PNJ | 86,600 | 88,100 |
| Hanoi - SJC | 86,800 | 88,800 |
| Da Nang - PNJ | 86,600 | 88,100 |
| Da Nang - SJC | 86,800 | 88,800 |
| Western Region - PNJ | 86,600 | 88,100 |
| Western Region - SJC | 86,800 | 88,800 |
| Jewelry gold price - PNJ | 86,600 | 88,100 |
| Jewelry gold price - SJC | 86,800 | 88,800 |
| Jewelry gold price - Southeast | PNJ | 86,600 |
| Jewelry gold price - SJC | 86,800 | 88,800 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 86,600 |
| Jewelry gold price - Jewelry gold 999.9 | 86,500 | 87,900 |
| Jewelry gold price - Jewelry gold 999 | 86,410 | 87,810 |
| Jewelry gold price - Jewelry gold 99 | 86,120 | 87,120 |
| Jewelry gold price - 916 gold (22K) | 79,620 | 80,620 |
| Jewelry gold price - 750 gold (18K) | 64,680 | 66,080 |
| Jewelry gold price - 680 gold (16.3K) | 58,520 | 59,920 |
| Jewelry gold price - 650 gold (15.6K) | 55,890 | 57,290 |
| Jewelry gold price - 610 gold (14.6K) | 52,370 | 53,770 |
| Jewelry gold price - 585 gold (14K) | 50,170 | 51,570 |
| Jewelry gold price - 416 gold (10K) | 35,320 | 36,720 |
| Jewelry gold price - 375 gold (9K) | 31,710 | 33,110 |
| Jewelry gold price - 333 gold (8K) | 27,760 | 29,160 |
| 3. SJC - Updated: 1/2/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 86,800 | 88,800 |
| SJC 5c | 86,800 | 88,820 |
| SJC 2c, 1c, 5c | 86,800 | 88,830 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 86,300 | 88,000 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 86,300 | 88,100 |
| Jewelry 99.99% | 86,200 | 87,700 |
| Jewelry 99% | 84,331 | 86,831 |
| Jewelry 68% | 56,791 | 59,791 |
| Jewelry 41.7% | 33,724 | 36,724 |
The last week of January this year for the domestic gold market will not have any price fluctuations, because it is the Lunar New Year holiday, so gold and jewelry companies as well as the banking sector will stop trading. Gold trading enterprises are currently anchoring prices at high levels, with large differences to prevent risks from fluctuations in international gold prices.
World gold price today 2/1/2025 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was 2,808.81 USD/ounce. Today's gold price increased by 24.69 USD compared to yesterday. Converted to the USD exchange rate, on the free market (25,550 VND/USD), the world gold price is about 87.49 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.31 million VND/tael higher than the international gold price.
World gold prices hit an all-time high, surpassing the threshold of 2,800 USD/ounce, as investors rushed to safe assets after US President Donald Trump renewed threats to impose tariffs.
“The rally could last as long as there is uncertainty in the market. A lot of the uncertainty today comes from not knowing if and how tariffs will be implemented,” said Nitesh Shah, commodity strategist at WisdomTree.
Trump reiterated that the US will impose a 25% tariff on imports from Mexico and Canada and said he is still considering new tariffs on Chinese goods.
Gold is a favorite asset in times of economic and geopolitical uncertainty.
“We see central bank gold buying as the strongest structural force in the gold market, supporting our long-term positive view,” said Julius Baer analyst Carsten Menke.
Market attention will now turn to the US personal consumption expenditures (PCE) price index for December, due at 1330 GMT, the Federal Reserve's preferred inflation gauge, due later in the day. Earlier this week, Fed Chairman Jerome Powell said inflation and employment data would determine when easing would be appropriate.
Data on Thursday showed US economic growth slowed in the fourth quarter but consumer spending increased at the fastest pace in nearly two years.
If the combination of high inflation and slow growth plays out, $3,000 an ounce becomes increasingly possible, said ActivTrades analyst Ricardo Evangelista.
On the physical front, high prices have kept Indian gold demand low and potential buyers are awaiting the federal budget on February 1.
Among other metals, spot silver fell 0.2% to $31.62 an ounce after hitting a more than one-month high on Thursday.
Platinum prices rose 1.2% to $978.55 an ounce, while palladium prices fell 0.3% to $986.50 an ounce.
Gold Price Forecast
Gold’s bullish outlook may have changed following the emergence of Chinese AI startup DeepSeek, analysts predict. Investors are assessing the implications of this tech storm, with the focus on US-China relations, including trade and technology.
According to expert Tran Duy Phuong, it is highly likely that the world gold price will reach a peak of 2,808 USD/ounce, but then there will be a sharp drop of up to 100 USD/ounce due to investors taking profits.
"The nature of gold is to increase and decrease, so it is highly likely that after setting an all-time record, the world gold price will fall below 2,700 USD/ounce.
On January 6, gold companies and banks will reopen. If the world gold price remains at the current level, the domestic gold price will likely increase sharply as the God of Wealth Day (January 10) approaches - a day when demand increases with the belief of wishing for good luck in the year.
