Gold price today January 2, 2025: Strong increase at the beginning of the new year
Gold price today January 2: Gold price increased strongly at the beginning of the new year with an increase of over 1 million VND/tael in all types of gold. World gold price recovered strongly, surpassing 2620 USD
Domestic gold price today January 2, 2025
At the time of survey at 11:00 a.m. on January 2, 2025, the gold price on the trading floors of some companies was as follows:
The price of SJC gold listed by Saigon Jewelry Company (SJC) is 83.5-85.0, an increase of 1.3 million VND/tael for buying and 800 thousand VND/tael for selling compared to the previous trading session. The difference between the buying and selling prices is 1.5 million VND.
Today's price of Phuc Long DOJI gold bars is listed at 83.5 million VND/tael for buying and 85 million VND/tael for selling, an increase of 1.3 million VND/tael for buying and 800 thousand VND/tael for selling compared to the closing price of yesterday's trading session. The difference between the buying price and the selling price is 1.5 million VND.
SJC gold price at Bao Tin Minh Chau Company Limited is currently trading at 83.5-85 million VND/tael (buying - selling). An increase of 1.3 million VND/tael in buying price and an increase of 800 thousand VND/tael in selling price compared to the end of yesterday's trading session.
At Bao Tin Manh Hai, it is also being traded at 83.4-85 million VND/tael (buy-sell). An increase of 1.1 million VND/tael in the buying direction and an increase of 800 thousand VND/tael in the selling direction compared to the end of yesterday's trading session.
SJC gold price at Phu Quy Company is 83.6 million VND for buying and 85 million VND for selling. An increase of 1.2 million VND for buying and 800 thousand VND for selling compared to the closing price of yesterday's trading session.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 84.4-85 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold bars increased by 400 thousand VND for buying and 500 thousand VND for selling.
The group of state-owned joint stock commercial banks (Vietcombank, Vietinbank, Agribank, BIDV) listed the price of SJC gold bars at 85 million VND/tael.
Meanwhile, the price of gold rings also increased, in which at Bao Tin Minh Chau Company, it increased by 1,300-800 thousand VND/tael, the new price is from 83.9-85 million VND/tael (buy/sell).
At Phu Quy Company, the company announced the price of gold rings from 83.9-85 million VND/tael (buy/sell), an increase of 900-500 thousand VND/tael compared to the previous closing price.
The latest gold price list today, January 2, 2025 is as follows:
| Gold price today | January 2, 2025 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 83.5 | 85 | +1,300 | +800 |
| DOJI Group | 83.5 | 85 | +1,300 | +800 |
| Mi Hong | 84.4 | 85 | +400 | +500 |
| PNJ | 83.5 | 85 | +1,300 | +800 |
| Vietinbank Gold | 85 | +800 | ||
| Bao Tin Minh Chau | 83.5 | 85 | +1,300 | +800 |
| Bao Tin Manh Hai | 83.4 | 85 | +1,100 | +800 |
| 1.DOJI- Updated: 1/2/2025 11:00 AM - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 83,500▲1300K | 85,000▲800K |
| AVPL/SJC HCM | 83,500▲1300K | 85,000▲800K |
| AVPL/SJC DN | 83,500▲1300K | 85,000▲800K |
| Raw material 9999 - HN | 84,200▲900K | 84,400▲800K |
| Raw materials 999 - HN | 84,100▲900K | 84,300▲800K |
| AVPL/SJC Can Tho | 83,500▲1300K | 85,000▲800K |
| 2.PNJ- Updated: 1/2/2025 11:00 AM - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 83,900▲500K | 85,000▲800K |
| HCMC - SJC | 83,500▲1300K | 85,000▲800K |
| Hanoi - PNJ | 83,900▲500K | 85,000▲800K |
| Hanoi - SJC | 83,500▲1300K | 85,000▲800K |
| Da Nang - PNJ | 83,900▲500K | 85,000▲800K |
| Da Nang - SJC | 83,500▲1300K | 85,000▲800K |
| Western Region - PNJ | 83,900▲500K | 85,000▲800K |
| Western Region - SJC | 83,500▲1300K | 85,000▲800K |
| Jewelry gold price - PNJ | 83,900▲500K | 85,000▲800K |
| Jewelry gold price - SJC | 83,500▲1300K | 85,000▲800K |
| Jewelry gold price - Southeast | PNJ | 83,900▲500K |
| Jewelry gold price - SJC | 83,500▲1300K | 85,000▲800K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,900▲500K |
| Jewelry gold price - Jewelry gold 999.9 | 83,800▲400K | 84,600▲400K |
| Jewelry gold price - 999 jewelry gold | 83,720▲400K | 84,520▲400K |
| Jewelry gold price - 99 jewelry gold | 82,850▲390K | 83,850▲390K |
| Jewelry gold price - 916 gold (22K) | 76,590▲360K | 77,590▲360K |
| Jewelry gold price - 750 gold (18K) | 62,200▲300K | 63,600▲300K |
| Jewelry gold price - 680 gold (16.3K) | 56,280▲270K | 57,680▲270K |
| Jewelry gold price - 650 gold (15.6K) | 53,740▲260K | 55,140▲260K |
| Jewelry gold price - 610 gold (14.6K) | 50,360▲250K | 51,760▲250K |
| Jewelry gold price - 585 gold (14K) | 48,240▲230K | 49,640▲230K |
| Jewelry gold price - 416 gold (10K) | 33,940▲160K | 35,340▲160K |
| Jewelry gold price - 375 gold (9K) | 30,480▲150K | 31,880▲150K |
| Jewelry gold price - 333 gold (8K) | 26,670▲130K | 28,070▲130K |
| 3. SJC - Updated: 1/2/2025 11:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 83,500▲1,300K | 85,000▲800K |
| SJC 5c | 83,500▲1,300K | 85,020▲800K |
| SJC 2c, 1C, 5 phan | 83,500▲1,300K | 85,030▲800K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 83,500▲1,300K | 84,800▲800K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 83,500▲1,300K | 84,900▲800K |
| 99.99% Jewelry | 83,400▲1,300K | 84,600▲800K |
| 99% Jewelry | 81,262▲792K | 83,762▲792K |
| Jewelry 68% | 54,683▲544K | 57,683▲544K |
| Jewelry 41.7% | 32,431▲333K | 35,431▲333K |
World gold price today January 2, 2025 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 9:44 am today, Vietnam time, was 2,623.8 USD/ounce. Today's gold price is unchanged from yesterday. Converted according to the USD exchange rate on the free market (25,717 VND/USD), the world gold price is about 81.3 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.9 million VND/tael higher than the international gold price.
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Tim Waterer, senior market analyst at KCM Trade, said that the strong gold price rally in 2024 was mainly due to expectations of lower interest rates. For 2025, the outlook for US interest rates will remain the main driver of gold prices. Mr. Trump’s trade policies and the US Federal Reserve’s interest rate trajectory will play a key role in shaping the inflation picture.
“Gold is likely to remain supported into 2025 as rising geopolitical risks, trade tensions and central bank buying offset headwinds from a strong US dollar and the Fed’s slow pace of monetary policy easing,” said Aneeka Gupta, director of macroeconomic research at WisdomTree.
Gold price forecast
According to Michael Langford, Chief Investment Officer of Scorpion Minerals, a major factor that could affect gold prices in the coming period is the return of Donald Trump as US President and the new policies he may introduce. This could make the market more volatile, and gold will benefit from that instability.
Daniel Pavilonis, senior market strategist at RJO Futures, also said that central banks will continue to buy gold, while demand from retail investors could also increase. He predicted that gold prices will surpass $3,000 an ounce by 2025.
Central banks, especially in Asia and emerging markets, are building up their gold reserves to reduce their dependence on the US dollar. This should help strengthen the value of gold in the long term.
Many people still consider gold as a safe asset to store, especially in times of economic uncertainty. This trend continues to support gold prices.
Unlike industrial metals (like copper) which are affected by economic cycles, gold remains stable due to its role as a store of value and safe haven asset.
