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Gold price today February 18, 2025: World and domestic gold prices increase as the USD weakens

Quoc DuongDNUM_BIZACZCACF 4:30

Gold price on February 18, 2025: Domestic gold price fluctuated strangely when Doji rings increased sharply in the buying direction, 1.5 million VND higher than gold bars. World gold price increased sharply when the USD weakened to its lowest level in 2 months.

Domestic gold price today February 18, 2025

At the time of survey at 4:30 a.m. on February 18, 2025, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 87.6 million VND/tael for buying and 90.6 million VND/tael for selling. Today's gold price increased by 300 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 89-90.4 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 200 thousand VND/tael for buying and increased by 600 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 87.6-90.6 million VND/tael (buying - selling), an increase of 300 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 88.2-90.6 million VND/tael (buy - sell), a sharp increase of 700 thousand VND/tael in buying - an increase of 300 thousand VND/tael in selling compared to yesterday.

Giá vàng hôm nay 18/2/2025: Giá vàng tăng cao khi đồng USD suy yếu

The latest gold price list today, February 18, 2025 is as follows:

Gold price today
February 18, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
87.690.6
+300+300
DOJI Group
87.6
90.6
+300
+300
Red Eyelashes
8990.4
+200+600
PNJ
87.6
90.6
+300+300
Vietinbank Gold
90.6

+300
Bao Tin Minh Chau
87.6
90.6
+300+300
Phu Quy88.290.6+700+300
1.DOJI- Updated: 2/18/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN87,600▲300K90,600▲300K
AVPL/SJC HCM87,600▲300K90,600▲300K
AVPL/SJC DN87,600▲300K90,600▲300K
Raw material 9999 - HN89,100▲800K89,700▲300K
Raw material 999 - HN89,000▲800K89,600▲300K
AVPL/SJC Can Tho87,600▲300K90,600▲300K
2.PNJ- Updated: 2/18/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ89,100▲800K90,550▲350K
HCMC - SJC87,600▲300K90,600▲300K
Hanoi - PNJ89,100▲800K90,550▲350K
Hanoi - SJC87,600▲300K90,600▲300K
Da Nang - PNJ89,100▲800K90,550▲350K
Da Nang - SJC87,600▲300K90,600▲300K
Western Region - PNJ89,100▲800K90,550▲350K
Western Region - SJC87,600▲300K90,600▲300K
Jewelry gold price - PNJ89,100▲800K90,550▲350K
Jewelry gold price - SJC87,600▲300K90,600▲300K
Jewelry gold price - SoutheastPNJ89,100▲800K
Jewelry gold price - SJC87,600▲300K90,600▲300K
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring89,100▲800K
Jewelry gold price - Jewelry gold 999.988,900▲1300K90,400▲300K
Jewelry gold price - Jewelry gold 99987,810▲300K90,310▲300K
Jewelry gold price - Jewelry gold 9987,100▲300K89,600▲300K
Jewelry gold price - 916 gold (22K)80,410▲280K82,910▲280K
Jewelry gold price - 750 gold (18K)65,450▲220K67,950▲220K
Jewelry gold price - 680 gold (16.3K)59,120▲200K61,620▲200K
Jewelry gold price - 650 gold (15.6K)56,410▲190K58,910▲190K
Jewelry gold price - 610 gold (14.6K)52,790▲180K55,290▲180K
Jewelry gold price - 585 gold (14K)50,530▲170K53,030▲170K
Jewelry gold price - 416 gold (10K)35,260▲130K37,760▲130K
Jewelry gold price - 375 gold (9K)31,550▲110K34,050▲110K
Jewelry gold price - 333 gold (8K)27,480▲100K29,980▲100K
3. SJC - Updated: 2/18/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG87,600▲300K90,600▲300K
SJC 5c87,600▲300K90,620▲300K
SJC 2c, 1c, 5c87,600▲300K90,630▲300K
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi87,600▲300K90,400▲300K
SJC 99.99 gold ring 0.3 chi, 0.5 chi87,600▲300K90,500▲300K
Jewelry 99.99%87,600▲300K90,000▲300K
Jewelry 99%86,108▲297K89,108▲297K
Jewelry 68%58,356▲204K61,356▲204K
Jewelry 41.7%34,683▲125K37,683▲125K

Gold prices have rebounded after a sharp decline last weekend. Although domestic market demand is not high, the difference between buying and selling prices of gold among businesses remains at VND3 million/tael. This shows a very high level of risk.

The domestic gold ring price today is adjusted to increase according to the world gold price. The Doji gold ring price (buy) is 1.5 million VND/tael more expensive than the price of SJC gold bars and gold rings.

World gold price today February 18, 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 2,900.24 USD/ounce. Today's gold price increased by 17.39 USD compared to yesterday. Converted to the USD exchange rate, on the free market (25,710 VND/USD), the world gold price is about 90.88 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 280,000 VND/tael lower than the international gold price.

Gold prices rose as the dollar weakened to a two-month low and concerns about a looming trade war arose. US President Donald Trump threatened to impose tariffs on imported goods, raising concerns about global trade tensions.

The US dollar is currently at a two-month low, making gold cheaper for buyers using other currencies. "Gold continues to benefit from investors seeking safe havens amid concerns about tariffs and trade wars," said UBS analyst Giovanni Staunovo. He also predicted that gold could continue to rise to $3,200, thanks to demand from central banks.

President Trump renewed his threat to impose tariffs on imported cars on April 2, part of a series of trade measures he has taken since his re-election. Meanwhile, US Secretary of State Marco Rubio said Kyiv and Europe would join talks aimed at ending the war between Russia and Ukraine.

"Progress in the Russia-Ukraine peace talks may have offset some of gold's year-to-date gains, but prices remain supported by a number of positive factors," said Han Tan, market analyst at Exinity Group.

Gold is often seen as a hedge against inflation and geopolitical uncertainty. However, higher interest rates can reduce the appeal of gold, which does not yield interest. Federal Reserve officials are scheduled to speak later in the day, and markets will be watching closely for clues on the path of U.S. interest rates.

Besides gold, silver prices also increased by 1% to 32.5 USD/ounce, while platinum increased by 0.4% to 983.2 USD and palladium increased by 2% to 980.5 USD.

Gold Price Forecast

UBS has updated its forecast for global gold prices, saying the precious metal could rise to a peak of more than $3,200 before stabilizing at a high price in the coming years. This forecast is higher than the previous peak UBS gave, citing many positive factors supporting gold prices.

“It seems like a lot has happened in February alone,” said Joni Teves, a strategist at UBS. “This sentiment probably applies to all financial markets in 2025, but gold in particular has seen unprecedented volatility and a record price increase in just over six weeks since the start of the year.”

“Our latest assessment of the market situation has led us to update our view and raise our gold price forecast to a higher level, with gold prices likely to peak in late 2025, at a higher level than previously forecast,” Ms Teves added.

Gold is a sought-after safe-haven asset as investors seek to protect themselves from geopolitical turmoil and economic uncertainty, according to experts. For many investors and analysts, it is only a matter of time before gold prices reach $3,000 an ounce; however, that could be just a small part of a much larger rally to $3,500 an ounce.

The world gold price has been maintaining an upward trend since December 18, with the next resistance level at $2,942.78/ounce. If it surpasses this level, gold can continue to increase strongly without much resistance.

On the other hand, important support levels are at $2,888.52/ounce and stronger at $2,857.49 – $2,836.67/ounce. If the price falls below $2,864.33/ounce, the downtrend could resume. But with market support, the possibility of a strong sell-off in gold is quite low.

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Gold price today February 18, 2025: World and domestic gold prices increase as the USD weakens
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