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Gold price today 2/2/2025: Domestic gold price may reach 90 million

Quoc DuongDNUM_ACZACZCACF 03:38

Gold price today 2/2/2025: World gold price increased to an all-time high, domestic gold price is forecast to reach 90 million VND/tael after Tet holiday

Domestic gold price today 2/2/2025

At the time of survey at 4:30 a.m. on February 2, 2025, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 86.6 million VND/tael for buying and 88.1 million VND/tael for selling. No change in 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 87.1-88.5 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 86.9-88.9 million VND/tael (buying - selling), unchanged in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 86.4-88.9 million VND/tael (buy - sell), unchanged in both buying and selling directions compared to yesterday.

Giá vàng hôm nay 2/2/2025: Giá vàng trong nước có thể lên 90 triệu

The latest gold price list today, February 2, 2025 is as follows:

Gold price today
February 2, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
86.888.8
--
DOJI Group
86.9
88.9
-
-
Red Eyelashes
87.188.5
--
PNJ
86.8
88.8
--
Vietinbank Gold
88.8

-
Bao Tin Minh Chau
86.9
88.9
--
Phu Quy86.488.9--
1.DOJI- Updated: 2/2/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN86,90088,900
AVPL/SJC HCM86,90088,900
AVPL/SJC DN86,90088,900
Raw material 9999 - HN86,40087,200
Raw material 999 - HN86,30087,100
AVPL/SJC Can Tho86,90088,900
2.PNJ- Updated: 2/2/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ86,60088,100
HCMC - SJC86,80088,800
Hanoi - PNJ86,60088,100
Hanoi - SJC86,80088,800
Da Nang - PNJ86,60088,100
Da Nang - SJC86,80088,800
Western Region - PNJ86,60088,100
Western Region - SJC86,80088,800
Jewelry gold price - PNJ86,60088,100
Jewelry gold price - SJC86,80088,800
Jewelry gold price - SoutheastPNJ86,600
Jewelry gold price - SJC86,80088,800
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring86,600
Jewelry gold price - Jewelry gold 999.986,50087,900
Jewelry gold price - Jewelry gold 99986,41087,810
Jewelry gold price - Jewelry gold 9986,12087,120
Jewelry gold price - 916 gold (22K)79,62080,620
Jewelry gold price - 750 gold (18K)64,68066,080
Jewelry gold price - 680 gold (16.3K)58,52059,920
Jewelry gold price - 650 gold (15.6K)55,89057,290
Jewelry gold price - 610 gold (14.6K)52,37053,770
Jewelry gold price - 585 gold (14K)50,17051,570
Jewelry gold price - 416 gold (10K)35,32036,720
Jewelry gold price - 375 gold (9K)31,71033,110
Jewelry gold price - 333 gold (8K)27,76029,160
3. SJC - Updated: 2/2/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG86,80088,800
SJC 5c86,80088,820
SJC 2c, 1c, 5c86,80088,830
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi86,30088,000
SJC 99.99 gold ring 0.3 chi, 0.5 chi86,30088,100
Jewelry 99.99%86,20087,700
Jewelry 99%84,33186,831
Jewelry 68%56,79159,791
Jewelry 41.7%33,72436,724

The last week of January this year for the domestic gold market will not have any price fluctuations, because it is the Lunar New Year holiday, so gold and jewelry companies as well as the banking sector will stop trading. Gold trading enterprises are currently anchoring prices at high levels, with large differences to prevent risks from fluctuations in international gold prices.

World gold price today 2/2/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was 2,799.61 USD/ounce. Today's gold price decreased by 5.81 USD compared to yesterday. Converted according to the USD exchange rate, on the free market (25,550 VND/USD), the world gold price is about 87.23 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.57 million VND/tael higher than the international gold price.

After the world gold price broke through the record of 2,800 USD/ounce, the gold price increase was hindered by the profit-taking wave of investors but still tended to increase due to concerns about a new trade war and increasing inflation pressure globally.

Analysts say the latest inflation data paints a mixed picture for gold. High consumer prices will make it difficult for the Federal Reserve to cut interest rates in the near future. However, uncontrolled inflation also poses risks to the economy, thereby reinforcing gold's safe-haven role.

In addition, high inflation and interest rates could increase risks to the already volatile stock market, creating additional momentum to support gold prices.

At the same time, investors also rushed to buy gold because of concerns that new US tariffs would push up inflation and hinder economic growth.

According to Kitco, the buying wave appeared as safe-haven demand continued to support the precious metal. The market remained concerned about the trade and foreign policies of the US president's administration, including new tariffs.

Not only gold, the USD also fluctuated in the same direction and rose strongly, surpassing 108.3 points, up 0.68% compared to the previous session.

Gold and USD prices rose as investors sought safety from US President Donald Trump's tariff threat, raising concerns about global economic growth and inflationary pressures.

Gold Price Forecast

According to expert Tran Duy Phuong, it is not surprising that the world gold price has exceeded 2,800 USD/ounce. He analyzed that since the beginning of the year, the increasing gold price trend has been affected by many factors, typically seasonal factors. The end of the year is the season of festivals, New Year, weddings in many countries such as China, India, Vietnam, Korea..., leading to peak demand for gold.

Regarding domestic gold prices, Mr. Phuong said that when the Lunar New Year holiday ends, on February 3 (January 6 of the year At Ty), February 4 (January 7 of the year At Ty), gold prices will adjust to increase following the increase in world gold prices.

While 4-number-9 gold rings are unlikely to reach 90 million VND/tael, SJC gold bars are likely to increase to 89.5 - 90 million VND/tael.

Meanwhile, according to Mr. Nguyen Ngoc Trong, Director of New Partner Gold Company, with the world's highest gold price ever, it is predicted that when the domestic gold market resumes operations on February 3, prices will jump.

The price of SJC gold bars may surpass VND90 million/tael depending on the State Bank's intervention in selling gold in the first days of the year, with the peak reaching about USD2,900/ounce.

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Gold price today 2/2/2025: Domestic gold price may reach 90 million
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