Gold price today February 19, 2025: Domestic and world gold prices increased continuously to near all-time highs

Domestic gold price today February 19, 2025

At the time of survey at 4:30 a.m. on February 19, 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 88.6 million VND/tael for buying and 91.1 million VND/tael for selling. A sharp increase of 1 million VND/tael for buying - an increase of 500 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 89.2-90.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 200 thousand VND/tael for buying and increased by 100 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 88.6-91.1 million VND/tael (buying - selling), a sharp increase of 1 million VND/tael in buying - an increase of 500 thousand VND/tael in selling compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 88.7-91.1 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, February 19, 2025 is as follows:

Domestic gold prices increased for two consecutive days, reaching a total of nearly 1 million VND/tael. Many people expressed surprise at the rapid recovery of gold prices. Gold prices recovered in tandem with the USD, when the USD index on the international market increased to 106.8 points (up 0.24% compared to the previous session). However, the USD index is still at its lowest level in about 2 months.

With an increase of 1 million VND/tael for buying and 500,000 VND/tael for selling, the difference between buying and selling gold bars narrowed from 3 million VND yesterday to 2.5 million VND.

The current buying and selling price difference of gold rings is between 1.5 and 2.3 million VND, lower than yesterday's difference of 1.45 and 2.8 million VND.

World gold price today February 19, 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 2,922.77 USD/ounce. Today's gold price increased by 24.89 USD compared to yesterday. Converted according to the USD exchange rate, on the free market (25,710 VND/USD), the world gold price is about 91.58 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 480 thousand VND/tael higher than the international gold price.

World gold prices rose for two consecutive days, but remained below all-time highs, as uncertainty surrounding US President Donald Trump's tariff plans continued to raise concerns about economic growth and money flowed into gold as a safe investment channel.

Trump’s disruptive style, aggressive rhetoric, and tariffs – whether imposed or threatened – could disrupt global trade and complex supply chains, according to Nikos Tzabouras, senior financial analyst at trading platform Tradu. He said that amid the global economic and geopolitical uncertainty of Trump 2.0, gold will continue to benefit from risk-off flows and central bank buying.

Since taking office last month, Mr. Trump has rapidly changed the global trade landscape with a series of tariffs, while also planning to impose countervailing duties aimed directly at any country that taxes American products.

Analysts at Commerzbank said gold continues to benefit from uncertainty surrounding the US government's tax policy. Central bank buying will also continue to support gold prices, even without new data on the issue.

Markets are now awaiting minutes from the US Federal Reserve's January meeting, due out on Wednesday, for clues on the central bank's interest rate path.

The rally was also supported by growing expectations that the Fed will cut interest rates in 2025 - a sentiment that was further reinforced among investors after disappointing US retail sales data last week, according to Ricardo Evangelista, senior analyst at brokerage ActivTrades.

Gold benefits from geopolitical and economic uncertainties, as well as upward price pressure, but higher interest rates will reduce the asset's appeal.

Meanwhile, spot silver fell 1% to $32.46 an ounce. Platinum rose 0.9% to $984.10 and palladium rose 1.3% to $975.00.

Gold price forecast

Today, February 19, Vietnam time, US President Donald Trump's speech could cause market turmoil. Although the speech is considered 'temporary', the market will still closely monitor any statements related to US economic strategy, fiscal stimulus, trade relations or tariff policy.

Notably, major banks around the world have continued to raise their forecasts for precious metal prices this year. Specifically, UBS Bank forecasts that gold prices will reach $3,200/ounce by the end of the year, then decrease slightly and end at over $3,000.

Goldman Sachs has also just raised its forecast for world gold prices by the end of this year to $3,100 an ounce, up from $2,890 previously. The bank believes that high demand from central banks will help the precious metal increase by 9% by the end of the year and ETFs will also increase their purchases of gold when interest rates fall.

According to Goldman Sachs, if monthly gold purchases increase to 70 tons, gold prices could reach $3,200 an ounce. In case the US Federal Reserve (Fed) maintains stable interest rates, gold prices could reach $3,060 an ounce.

However, if policy uncertainties persist, especially trade tensions, investors could rush to buy gold speculatively, pushing prices up to $3,300 an ounce. In addition, concerns about the US financial situation could also push gold prices up to $3,250 by the end of 2025.

Last week, Citi Research raised its gold price forecast for the next three months from $2,800 to $3,000 an ounce.

Gold is likely to hold above $2,900 an ounce due to its safe-haven status, said ActivTrades analyst Ricardo Evangelista. Investors are looking to gold to protect their portfolios against the risk of US tariffs, which could spark a multilateral trade war and negatively impact the global economy.

A 10% increase in investor demand would push gold to $3,500 an ounce, according to BoA commodities analyst Michael Widmer. It’s possible that investment demand could reach or even exceed that level, as ETF demand is just starting to pick up and remains below the level at which gold hit its record high in 2020.