Gold price today February 15, 2025: World and domestic gold prices increased for the 7th consecutive week

Domestic gold price today February 15, 2025

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

DOJI listed the price of 9999 gold today at 88.3 million VND/tael for buying and 91.3 million VND/tael for selling. A sharp increase of 600 thousand VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 88.7-90.2 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 200 thousand VND/tael for both buying and selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 88.3-91.3 million VND/tael (buying - selling), an increase of 600 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 88.3-91.3 million VND/tael (buy - sell), an increase of 600 thousand VND/tael in both buying and selling directions compared to yesterday.

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

Recently, the world gold price has often recorded a higher increase than the domestic gold price. This, along with the high exchange rate, has led to a situation where the world gold price is higher than the domestic gold price. Although this phenomenon has occurred before, this time, the difference has lasted for several consecutive days and the difference is also quite large, causing confusion for investors.

World gold price today February 15, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:00 a.m. today, Vietnam time, was 2,932 USD/ounce. Today's gold price increased by 17.4 USD compared to yesterday. Converted to the USD exchange rate, on the free market (25,710 VND/USD), the world gold price is about 91.71 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 410,000 VND/tael lower than the international gold price.

World gold prices continued to rise and headed for a seventh consecutive week of gains due to concerns about a global trade war rising after US President Donald Trump pushed to impose tariffs on countries that tax goods imported from the US.

Uncertainty over the Trump administration’s trade, tariff and foreign policy policies continues to support gold prices, according to Nicholas Frappell, head of global institutional markets at ABC Refinery. On Thursday, Trump ordered his economic team to draw up plans to impose tariffs on any country that imposes tariffs on imports from the U.S. The move could increase inflation and boost investment demand for gold as a traditional safe haven against rising prices and geopolitical uncertainty.

Meanwhile, the US producer price index (PPI) report eased some inflation concerns in the world's largest economy, after a higher-than-expected consumer price index (CPI) report earlier in the week. Traders expect the Federal Reserve (Fed) to hold off on cutting interest rates until September due to concerns about high inflation, while a drop in jobless claims suggests the labor market remains solid.

According to Ilya Spivak from investment analysis site Tastylive, the world gold price will continue to increase, aiming for $3,000/ounce. However, on the physical gold demand side, gold prices in India have fallen as record high prices have made consumers nervous and forced dealers to reduce prices. Demand in China has also decreased after the Lunar New Year holiday.

Among other precious metals, spot silver rose nearly 3% to $33.30 an ounce, platinum rose 1% to $1,004.57, while palladium edged down 0.2% to $992.00. All three metals were on track for weekly gains.

Gold Price Forecast

It is forecasted that when the new trading session opens, domestic gold prices may increase by 600,000 - 1 million VND/tael, fluctuating around 90 - 92 million VND/tael, depending on the increase in world gold prices and domestic gold demand.

If the world gold price continues to move towards the 2,950 - 3,000 USD/ounce mark, the domestic gold price may increase beyond 92 million VND/tael in the short term.

Other forecasts for world gold prices, many experts predict, gold prices can completely reach 3,000 USD/ounce in the first quarter of 2025. However, some factors can affect the rate of price increase if the Fed moves to raise interest rates to control inflation, gold prices may stagnate.

Nicky Shiels, a valuer at MKS PAMP SA (a group that supplies, refines and trades precious metals), believes that gold prices could continue to rise to $3,200 an ounce.

Technical analysis shows that the April gold futures bulls are holding a strong advantage in the short term, with the bullish bias maintained on the daily chart. The next upside target for the bulls is to conquer the important resistance zone of $3,000. On the contrary, the bears are aiming to push the price below the strong technical support of $2,800. The nearest resistance is identified at today's session high of $2,950.3 and then at the high of $2,968.5. The nearest support is located at the session low of $2,925.8 and $2,900.

Bob Haberkorn, senior market strategist at RJO Futures, said the outlook for gold remains bright, driven by safe-haven demand and buying as prices ease off their highs. Many institutions now see gold hitting $3,000 in the first half of the year.