Gold price today February 13, 2025: Domestic gold price drops sharply, widening the buying and selling gap

Domestic gold price today February 13, 2025

At the time of survey at 4:30 a.m. on February 13, 2025, the gold price on the trading floors of some companies was as follows:

The price of 9999 gold today is listed by DOJI at 86.7 million VND/tael for buying and 90.2 million VND/tael for selling. A sharp decrease of 1.3 million VND/tael for buying - 300 thousand VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 88.3-89.7 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 200 thousand VND/tael for buying and decreased by 200 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 86.7-90.2 million VND/tael (buying - selling), down 1.3 million VND/tael in buying - down 300 thousand VND/tael in selling compared to yesterday.

SJC gold price in Phu Quy is traded by businesses at 86.7-90.2 million VND/tael (buy - sell), down 1.5 million VND/tael in buying - down 500 thousand VND/tael in selling compared to yesterday.

The latest gold price list today, February 13, 2025 is as follows:

In recent days, the world gold price has fluctuated very strongly, so gold companies have widened the difference between buying and selling gold prices from 2.2 million VND/tael to 3.5 million VND/tael. This difference is 2-3 times higher than normal times and pushes the risk to the buyer.

In some gold shops in recent days, although the price of gold has been going up and down like a roller coaster, the number of people coming to buy and sell has been very crowded and bustling. Many people who brought gold to the shop to sell, saw the price of gold drop quickly and immediately changed their mind and stopped selling. There were also many people who intended to buy gold but saw the price plummet and decided to take the money home.

World gold price today February 13, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:00 am today, Vietnam time, was 2,885.04 USD/ounce. Today's gold price decreased by 11.48 USD compared to yesterday. Converted according to the USD exchange rate, on the free market (25,750 VND/USD), the world gold price is about 90.54 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 340 thousand VND/tael lower than the international gold price.

World gold prices fell after US Federal Reserve Chairman Jerome Powell said he was in no rush to cut interest rates. Meanwhile, the market is waiting for US inflation data and trade tariff measures.

Specifically, gold prices fell sharply after rising to a record high of 2,942.70 USD/ounce on February 11, due to concerns about a global trade war after US President Donald Trump imposed new tariffs and threatened more tariffs.

"Powell's comments may have cooled the market somewhat today. I don't think they were overly negative, but gold is still being driven by broader uncertainty," said Nitesh Shah, commodity strategist at WisdomTree.

In his first appearance before Congress since Mr. Trump took office, Chairman Powell expressed confidence in the resilience of the U.S. economy and said the Fed was in no rush to cut interest rates, but was ready to act if inflation fell further or the labor market weakened.

Gold is often seen as a hedge against inflation and geopolitical uncertainty, but rising interest rates reduce the appeal of non-yielding assets.

Meanwhile, after raising steel and aluminum tariffs to 25% earlier this week, Trump's advisers are finalizing plans to impose countervailing duties.

Investors are closely watching the US Consumer Price Index (CPI) report, due at 1:30 p.m. ET. According to a Reuters poll, the index is expected to have risen 0.3 percent in January, following a 0.4 percent increase in December.

Attention will also be on Thursday's Producer Price Index (PPI) data (local time) and Powell's testimony before Congress later.

'We don't have any decisive data yet that shows inflation has come down... If there is a stronger number, it could push gold prices a little higher,' Shah said.

Meanwhile, spot silver fell 0.2% to $31.77 an ounce, palladium fell 1.16% to $964.50, and platinum rose 0.5% to $988.30.

Gold price forecast

Technically, gold has been in overbought territory on the relative strength index (RSI) since early February. At the same time, gold could face strong resistance around key levels like $3,000 an ounce – similar to how gold struggled to break above $2,000 an ounce multiple times before finally breaking out last year.

Nicky Shiels, a valuer at MKS PAMP SA, said that while gold prices could continue to rise to $3,200 an ounce, the resolution of physical gold supply issues caused by tariffs, coupled with structural changes such as reduced investor participation, reduced liquidity and reduced risk appetite, are creating downward pressure on gold prices. She also said her firm is maintaining its 2025 average gold price forecast at $2,750 an ounce and has no intention of revising it up. “If anything, the structural developments of the past few months have strengthened the argument for lower gold prices,” she said.

Many experts believe that gold could reach $3,000 an ounce in the first quarter of 2025. However, several factors could affect the rate of price increase. If the US Federal Reserve (Fed) moves to raise interest rates to control inflation, gold prices could stagnate. Factors such as trade tensions, central bank demand for gold, and geopolitical situations will affect price trends.

On Kitco, President of House of Kahn Estate Jewelers - Tobina Kahn said that the spot gold price will soon reach 3,000 USD/ounce in the current world context, many people have even thought of the price of 4,000-6,000 USD/ounce.

Gold prices will eventually hit those highs, but it could take several years, according to Tobina Kahn.