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Gold price today January 21, 2025: Gold price increased after the US presidential inauguration

Quoc DuongDNUM_CBZABZCACF 04:30

Gold price today January 21, 2025: World gold price increased after the US presidential inauguration. Domestic gold price decreased slightly by 200 thousand for gold rings

At the time of survey at 4:30 a.m. on January 21, 2025, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 84.9 million VND/tael for buying and 86.9 million VND/tael for selling. Both buying and selling prices remained unchanged compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 85.5-86.5 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 84.9-86.9 million VND/tael (buying - selling), unchanged in both buying and selling directions compared to yesterday.

SJC gold price at PNJ is traded by businesses at 84.9-86.9 million VND/tael (buying - selling), unchanged in both buying and selling directions compared to yesterday.

Giá vàng hôm nay 21/1/2025: Giá vàng tăng sau lễ nhậm chức tổng thống Mỹ

The latest gold price list today, January 21, 2025 is as follows:

Gold price today
January 21, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
84.986.9
--
DOJI Group
84.9
86.9
-
-
Red Eyelashes
85.585.5
--
PNJ
84.9
86.9
--
Vietinbank Gold
86.9

-
Bao Tin Minh Chau
84.9
86.9
--
1.DOJI- Updated: 21/1/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN84,90086,900
AVPL/SJC HCM84,90086,900
AVPL/SJC DN84,90086,900
Raw material 9999 - HN84,200▼200K85,100▼200K
Raw material 999 - HN84,100▼200K85,000▼200K
AVPL/SJC Can Tho84,90086,900
2.PNJ- Updated: 21/1/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ84,700▼300K86,200▼700K
HCMC - SJC84,90086,900
Hanoi - PNJ84,700▼300K86,200▼700K
Hanoi - SJC84,90086,900
Da Nang - PNJ84,700▼300K86,200▼700K
Da Nang - SJC84,90086,900
Western Region - PNJ84,700▼300K86,200▼700K
Western Region - SJC84,90086,900
Jewelry gold price - PNJ84,700▼300K86,200▼700K
Jewelry gold price - SJC84,90086,900
Jewelry gold price - SoutheastPNJ84,700▼300K
Jewelry gold price - SJC84,90086,900
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring84,700▼300K
Jewelry gold price - Jewelry gold 999.984,600▼400K86,000▼400K
Jewelry gold price - Jewelry gold 99984,510▼1000K85,910▼400K
Jewelry gold price - Jewelry gold 9984,240▼400K85,240▼400K
Jewelry gold price - 916 gold (22K)77,880▼360K78,880▼360K
Jewelry gold price - 750 gold (18K)63,250▼300K64,650▼300K
Jewelry gold price - 680 gold (16.3K)57,230▼270K58,630▼270K
Jewelry gold price - 650 gold (15.6K)54,650▼260K56,050▼260K
Jewelry gold price - 610 gold (14.6K)51,210▼240K52,610▼240K
Jewelry gold price - 585 gold (14K)49,060▼230K50,460▼230K
Jewelry gold price - 416 gold (10K)34,530▼160K35,930▼160K
Jewelry gold price - 375 gold (9K)31,000▼150K32,400▼150K
Jewelry gold price - 333 gold (8K)27,130▼130K28,530▼130K
3. SJC - Updated: 21/1/2025 04:30 - Time of the source website - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG84,90086,900
SJC 5c84,90086,920
SJC 2c, 1c, 5c84,90086,930
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi84,60086,300
SJC 99.99 gold ring 0.3 chi, 0.5 chi84,60086,400
Jewelry 99.99%84,50086,000
Jewelry 99%82,64885,148
Jewelry 68%55,63558,635
Jewelry 41.7%33,01536,015

World gold price today January 21, 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 2,709.95 USD/ounce. Today's gold price increased by 7.77 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,650 VND/USD), the world gold price is about 84.73 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.17 million VND/tael higher than the international gold price.

World gold prices rose slightly due to the weakening of the US dollar, after Donald Trump's inauguration speech. The speech clarified more about Mr. Trump's policies, especially the impacts on inflation and the US Federal Reserve's interest rate decisions.

The US Dollar Index (DXY) starts this important week on the back foot, as Mr. Trump returns to the White House and will officiallytake officeat noon ET (17:00 GMT). As the dollar weakens, gold becomes more attractive to foreign investors.

“If President Trump takes a more dovish tone on trade and tariff policy, this could ease inflation concerns. The US dollar and Treasury yields could then fall, and gold could be one of the assets that benefits from this situation,” said Tim Waterer, market analyst at KCM Trade.

Gold is often seen as a hedge against inflation, but higher interest rates have diminished its appeal. Mr Trump’s broad tariff policies are expected to increase inflation, which could make gold a safer haven for investors.

"Gold is a financial asset and is unlikely to be subject to widespread tariffs. We expect there is only a 10% chance that gold will be subject to an effective 10% tariff over the next 12 months," Goldman Sachs said.

The bank also raised its forecast for gold demand from central banks, but kept its long-term gold price forecast at $3,000 an ounce by mid-2026, due to expectations that the Fed will cut interest rates less in 2025.

According to a Reuters survey, most economists believe the Fed will keep interest rates unchanged on January 29 and begin cutting again in March.

Meanwhile, silver prices rose 0.2% to $30.39 an ounce, palladium rose 0.2% to $949.05. Platinum prices fell 0.4% to $938.93.

Gold Price Forecast

With the unpredictability of policies and stances to increase the value of the USD, experts on Kitco predict that the price of gold will quickly exceed the threshold of 2,800 USD/ounce (87 million VND/tael) if Mr. Trump fulfills many of his campaign commitments, including imposing high taxes on goods imported from China.

“In the short term, I see $2,725 as a key resistance level and it may be difficult to overcome until we get a clearer picture of Trump’s policies and their impact on the dollar, yields and confidence in further rate cuts,” said Ole Hansen, head of commodity strategy at Saxo Bank. “I will be watching the tariff and spending news, as these are important factors for economic growth and the debt situation.”

Mr. Han Tan, analyst at Exinity Group, said that gold prices are still supported as the market still expects the Federal Reserve (Fed) to cut interest rates in 2025.

The market is expecting the Fed to cut interest rates by about 37 basis points by the end of this year, compared with about 31 basis points before the inflation data.

Independent analyst Jesse Colombo said that gold reached a new record high against major currencies such as the euro, pound, yuan, CAD and AUD last week, showing that gold is being viewed as a safe and sustainable asset in the global market.

Gold's resistance remains at $3,000 an ounce, he noted, as many analysts expect the precious metal to hit that target in the second half of the year.

“Gold has been on a break for the past two months, but there is a lot of pent-up energy in the market right now, and the potential for gold is huge,” he said. In the short term, gold could go above $2,800 an ounce.

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Gold price today January 21, 2025: Gold price increased after the US presidential inauguration
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