Gold price today January 15, 2025: World gold price and domestic gold price are showing a strong downward trend

Domestic gold price today January 15, 2025

At the time of survey at 4:30 a.m. on January 15, 2025, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 84.6 million VND/tael for buying and 86.1 million VND/tael for selling. A decrease of 500 thousand VND/tael for buying and 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 84.7-85.7 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 500 thousand VND/tael for buying and 300 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau and Bao Tin Manh Hai Co., Ltd. was also traded by businesses at 84.4-86.4 million VND/tael (buying - selling), down 400 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, January 15, 2025 is as follows:

World gold price today January 15, 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 2,661.39 USD/Ounce. Today's gold price decreased by 7.2 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,750 VND/USD), the world gold price is about 83.53 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.87 million VND/tael higher than the international gold price.

World gold prices rose as they were supported by uncertainty surrounding US President-elect Donald Trump's policy plans and investors' positioning ahead of key US inflation data, which will provide more information on the Federal Reserve's policy direction.

Gold prices fell about 1% at the start of the week as U.S. jobs data released last week beat expectations, pushing the U.S. dollar higher. A stronger dollar makes gold more expensive for buyers using other currencies.

The jobs report also reinforced the Fed's cautious stance on cutting interest rates this year, amid concerns that Trump's tariff plans could fuel inflation.

“The reason why gold prices have risen during periods of higher US dollar strength than they have in the past can be attributed to investors’ concerns about inflation… gold has taken on the role of an inflation hedge,” said Tim Waterer, chief market analyst at KCM Trade.

US consumers' views on expected inflation were mixed last month, a New York Fed survey showed.

Gold is often used as a hedge against inflation, although higher interest rates reduce the appeal of the non-yielding asset.

Investors are now looking ahead to the US producer price index (PPI) and consumer price index (CPI) data due later on Wednesday for more information on the economy and the Fed's policy path in 2025. Several Fed officials are also set to speak this week.

“If we see lower inflation numbers this week, that could put the US dollar under selling pressure, which could boost gold prices as it becomes cheaper to buy,” Waterer said.

COMEX gold speculators increased their net long position by 12,116 contracts to 194,499 in the week to January 7, data showed.

Silver prices rose 0.4% to $29.71 an ounce, platinum rose 0.3% to $956.59 and palladium remained unchanged at $939.47.

Gold price forecast

Lukman Otunuga, chief market analyst at FXTM, said gold has performed better in recent sessions, suggesting investors continue to flock to the metal amid concerns about tariffs and inflation under Trump.

Bank of America, the US multinational bank, and New York-based financial group JPMorgan predict that gold bullion will reach $3,000 an ounce this year. Meanwhile, Union Bank of Switzerland believes that gold will reach $2,900 an ounce by mid-2026.