Gold price today 2/2/2025: Domestic gold price may reach 90 million
Gold price today February 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 February 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.
The latest gold price list today, February 2, 2025 is as follows:
| Gold price today | February 2, 2025 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 86.8 | 88.8 | - | - |
| DOJI Group | 86.9 | 88.9 | - | - |
| Mi Hong | 87.1 | 88.5 | - | - |
| PNJ | 86.8 | 88.8 | - | - |
| Vietinbank Gold | 88.8 | - | ||
| Bao Tin Minh Chau | 86.9 | 88.9 | - | - |
| Phu Quy | 86.4 | 88.9 | - | - |
| 1.DOJI- Updated: 2/2/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 86,900 | 88,900 |
| AVPL/SJC HCM | 86,900 | 88,900 |
| AVPL/SJC DN | 86,900 | 88,900 |
| Raw material 9999 - HN | 86,400 | 87,200 |
| Raw materials 999 - HN | 86,300 | 87,100 |
| AVPL/SJC Can Tho | 86,900 | 88,900 |
| 2.PNJ- Updated: 2/2/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 86,600 | 88,100 |
| HCMC - SJC | 86,800 | 88,800 |
| Hanoi - PNJ | 86,600 | 88,100 |
| Hanoi - SJC | 86,800 | 88,800 |
| Da Nang - PNJ | 86,600 | 88,100 |
| Da Nang - SJC | 86,800 | 88,800 |
| Western Region - PNJ | 86,600 | 88,100 |
| Western Region - SJC | 86,800 | 88,800 |
| Jewelry gold price - PNJ | 86,600 | 88,100 |
| Jewelry gold price - SJC | 86,800 | 88,800 |
| Jewelry gold price - Southeast | PNJ | 86,600 |
| Jewelry gold price - SJC | 86,800 | 88,800 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 86,600 |
| Jewelry gold price - Jewelry gold 999.9 | 86,500 | 87,900 |
| Jewelry gold price - 999 jewelry gold | 86,410 | 87,810 |
| Jewelry gold price - 99 jewelry gold | 86,120 | 87,120 |
| Jewelry gold price - 916 gold (22K) | 79,620 | 80,620 |
| Jewelry gold price - 750 gold (18K) | 64,680 | 66,080 |
| Jewelry gold price - 680 gold (16.3K) | 58,520 | 59,920 |
| Jewelry gold price - 650 gold (15.6K) | 55,890 | 57,290 |
| Jewelry gold price - 610 gold (14.6K) | 52,370 | 53,770 |
| Jewelry gold price - 585 gold (14K) | 50,170 | 51,570 |
| Jewelry gold price - 416 gold (10K) | 35,320 | 36,720 |
| Jewelry gold price - 375 gold (9K) | 31,710 | 33,110 |
| Jewelry gold price - 333 gold (8K) | 27,760 | 29,160 |
| 3. SJC - Updated: 2/2/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 86,800 | 88,800 |
| SJC 5c | 86,800 | 88,820 |
| SJC 2c, 1C, 5 phan | 86,800 | 88,830 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 86,300 | 88,000 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 86,300 | 88,100 |
| 99.99% Jewelry | 86,200 | 87,700 |
| 99% Jewelry | 84,331 | 86,831 |
| Jewelry 68% | 56,791 | 59,791 |
| Jewelry 41.7% | 33,724 | 36,724 |
The last week of January this year for the domestic gold market will not have 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 am 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.
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After the world gold price broke through the record level of 2,800 USD/ounce, the gold price increase was hindered by the wave of profit-taking by 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 US Federal Reserve (FED) to cut interest rates in the near future. However, uncontrolled inflation also poses risks to the economy, thereby strengthening gold's safe-haven role.
In addition, high inflation and interest rates could increase risks to the already volatile stock market, creating further 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 US president's trade and foreign policies, 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 threats, 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 trend of gold price 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, the price will jump.
The price of SJC gold bars may surpass 90 million VND/tael depending on the State Bank's intervention in selling gold in the first days of the year, with the peak reaching about 2,900 USD/ounce.
