Gold price today January 17, 2025: World gold price and domestic gold price increased sharply
Gold price today January 17: World gold price increased sharply, trading above the threshold of 2,700 USD/ounce. Domestic gold price maintained its peak for more than 1 month with an increase of 400,000 VND/tael
Domestic gold price today January 17, 2025
At the time of survey at 4:30 a.m. on January 17, 2025, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 84.8 million VND/tael for buying and 86.3 million VND/tael for selling. An increase of 200 thousand VND/tael for 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 85.2-86.2 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for both buying and selling.
SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 84.6-86.6 million VND/tael (buying - selling), an increase of 200 thousand VND/tael in both buying and selling directions compared to yesterday.
SJC gold price at Bao Tin Manh Hai Company is traded by businesses at 84.4-86.4 million VND/tael (buy - sell), unchanged in both buying and selling directions compared to yesterday.
The latest gold price list today, January 17, 2025 is as follows:
| Gold price today | January 17, 2025 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 85 | 87 | +400 | +400 |
| DOJI Group | 85 | 87 | +400 | +400 |
| Red Eyelashes | 85.3 | 86.3 | +100 | +100 |
| PNJ | 85 | 87 | +400 | +400 |
| Vietinbank Gold | 87 | +400 | ||
| Bao Tin Minh Chau | 85 | 87 | +400 | +400 |
| Bao Tin Manh Hai | 84.4 | 86.4 | - | - |
| 1.DOJI- Updated: 17/1/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 85,000▲400K | 87,000▲400K |
| AVPL/SJC HCM | 85,000▲400K | 87,000▲400K |
| AVPL/SJC DN | 85,000▲400K | 87,000▲400K |
| Raw material 9999 - HN | 84,800▲200K | 85,600▲200K |
| Raw material 999 - HN | 84,700▲200K | 85,500▲200K |
| AVPL/SJC Can Tho | 85,000▲400K | 87,000▲400K |
| 2.PNJ- Updated: 17/1/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 85,200▲400K | 87,000▲600K |
| HCMC - SJC | 85,000▲400K | 87,000▲400K |
| Hanoi - PNJ | 85,200▲400K | 87,000▲600K |
| Hanoi - SJC | 85,000▲400K | 87,000▲400K |
| Da Nang - PNJ | 85,200▲400K | 87,000▲600K |
| Da Nang - SJC | 85,000▲400K | 87,000▲400K |
| Western Region - PNJ | 85,200▲400K | 87,000▲600K |
| Western Region - SJC | 85,000▲400K | 87,000▲400K |
| Jewelry gold price - PNJ | 85,200▲400K | 87,000▲600K |
| Jewelry gold price - SJC | 85,000▲400K | 87,000▲400K |
| Jewelry gold price - Southeast | PNJ | 85,200▲400K |
| Jewelry gold price - SJC | 85,000▲400K | 87,000▲400K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 85,200▲400K |
| Jewelry gold price - Jewelry gold 999.9 | 85,200▲400K | 86,000▲400K |
| Jewelry gold price - Jewelry gold 999 | 85,110▲400K | 85,910▲400K |
| Jewelry gold price - Jewelry gold 99 | 84,240▲400K | 85,240▲400K |
| Jewelry gold price - 916 gold (22K) | 77,880▲370K | 78,880▲370K |
| Jewelry gold price - 750 gold (18K) | 63,250▲300K | 64,650▲300K |
| Jewelry gold price - 680 gold (16.3K) | 57,230▲270K | 58,630▲270K |
| Jewelry gold price - 650 gold (15.6K) | 54,650▲260K | 56,050▲260K |
| Jewelry gold price - 610 gold (14.6K) | 51,210▲240K | 52,610▲240K |
| Jewelry gold price - 585 gold (14K) | 49,060▲230K | 50,460▲230K |
| Jewelry gold price - 416 gold (10K) | 34,530▲170K | 35,930▲170K |
| Jewelry gold price - 375 gold (9K) | 31,000▲150K | 32,400▲150K |
| Jewelry gold price - 333 gold (8K) | 27,130▲130K | 28,530▲130K |
| 3. SJC - Updated: 17/1/2025 04:30 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 85,000▲400K | 87,000▲400K |
| SJC 5c | 85,000▲400K | 87,020▲400K |
| SJC 2c, 1c, 5c | 85,000▲400K | 87,030▲400K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 84,800▲300K | 86,500▲400K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 84,800▲300K | 86,600▲400K |
| Jewelry 99.99% | 84,700▲200K | 86,200▲300K |
| Jewelry 99% | 82,846▲297K | 85,346▲297K |
| Jewelry 68% | 55,771▲204K | 58,771▲204K |
| Jewelry 41.7% | 33,098▲125K | 36,098▲125K |
World gold price today January 17, 2025 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 5:00 am today, Vietnam time, was at 2,715.4 USD/Ounce. Today's gold price increased by 27.28 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,720 VND/USD), the world gold price is about 85.12 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.87 million VND/tael higher than the international gold price.
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Gold prices rose after hitting their highest in more than a month, as soft US core inflation data fueled expectations that the Federal Reserve could cut interest rates further this year. However, news of a ceasefire between Israel and Hamas capped gold's gains.
"The fall in core inflation in the US has revived hopes of a less accommodative Fed policy this year. Core inflation unexpectedly slowed, while the headline consumer price index was flat. This supports demand for gold, as progress in controlling inflation could prompt the Fed to ease monetary policy, reducing the opportunity cost of holding non-yielding assets," said Jigar Trivedi, senior analyst at Reliance Securities.
The US Bureau of Labor Statistics (BLS) reported that the core consumer price index (CPI) – which excludes food and energy – rose 3.2% in December from a year earlier, below the previous month’s 3.3% and forecast. The headline CPI rose 2.9%, in line with expectations.
The data also increased the likelihood that the Fed will cut interest rates twice this year, with the first expected in June. Central bank officials said that inflation in the US is continuing to decline, although they also noted uncertainty in the coming months, especially as they await the policies of the administration of President-elect Donald Trump.
The dollar eased from recent highs as softer U.S. inflation data reduced bond yields, further supporting gold prices. Meanwhile, a ceasefire between Israel and Hamas has dented the appeal of gold as a safe-haven asset.
Gold prices hit records last year thanks to tensions in the Middle East and expectations that major central banks, including the Fed, would ease monetary policy.
Meanwhile, silver rose 0.5% to $30.8 an ounce, platinum rose 0.9% to $944.54, while palladium fell 0.2% to $959.
Gold Price Forecast
In a recent interview with Kitco News, Chris Mancini, portfolio manager of the Gabelli Gold Fund, said the main catalyst is the ongoing US economic uncertainty and its impact on consumer prices.
Gold will rise in price due to uncertainty surrounding the US economy and potential inflation, according to Chris Mancini.
Accordingly, inflation in the US is expected to increase as President-elect Donald Trump carries out plans to extend and expand tax cuts and support the manufacturing sector.
Mancini said a global trade war could slow the US economy and weaken the country's labor market. He did not rule out the possibility of a US recession.
Investors should keep an eye on the U.S. labor market, Chris Mancini noted, as the weakness in the labor market has prompted the Fed to cut interest rates even as inflation remains high. Stagflation will boost gold prices.
Gabelli Gold Fund experts believe that increasing economic instability in the US will push gold prices to $3,000/ounce.
