Gold price today February 22: Domestic and world gold prices both decreased at the weekend

Domestic gold price today February 22, 2025

At the time of survey at 4:30 a.m. on February 22, 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 89.4 million VND/tael for buying and 91.7 million VND/tael for selling. A sharp decrease of 600 thousand VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 90-91.4 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 300 thousand VND/tael for buying and 400 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 89.5-91.7 million VND/tael (buying - selling), a sharp decrease of 600 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 89.5-91.7 million VND/tael (buy - sell), a sharp decrease of 600 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, February 22, 2025 is as follows:

At Mi Hong store (Binh Thanh district), SJC gold bars are bought at 90 million VND/tael, 9999 gold rings are bought at 89.8 million VND/tael. With the high purchase price, many people have rushed to sell their gold.

Sellers mainly sell gold bars, gold rings, and jewelry. Many people bring gold bracelets, necklaces, and bracelets to sell when they see the gold price surpassing 90 million VND/tael. The selling pressure is much higher than the buying pressure at gold shops.

Some shop owners said that the number of customers coming to sell has increased in the past 2-3 days. Gold prices are at a record high, so many people are coming to trade to make a profit. Most customers only sell a small quantity of about a few taels of gold rings.

In the sales area, the number of customers is quite small. The store also has enough gold rings from 3 phan, 5 phan to 1 chi, 2 chi, 5 chi... Gold bars are also available in all types.

World gold price today February 22, 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 2,929.8 USD/ounce. Today's gold price decreased by 10.25 USD compared to yesterday. Converted according to the USD exchange rate, on the free market (25,715 VND/USD), the world gold price is about 91.82 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 120,000 VND/tael lower than the international gold price.

World gold prices fell slightly at the end of the week but remained on track to increase for the eighth consecutive week, after hitting two consecutive record highs. The main reason is that investment demand for gold as a 'safe asset' remains high, amid concerns about US President Donald Trump's new tariff plan.

Specifically, the spot gold price decreased by 0.35%. However, this week gold still increased by about 1.6%, after reaching a record level of 2954.69 USD/ounce. The price of gold futures in the US also decreased by 0.5% to 2941.70 USD.

According to Ole Hansen, commodity strategist at Saxo Bank, the continuous rise in world gold since December has not been affected, unless the price falls to around $2,850/ounce.

The world gold price broke two records this week, surpassing the threshold of 2,950 USD/ounce. The main reason is due to concerns about global economic growth and political instability, causing investors to seek gold as a safe investment channel. Since the beginning of 2025, the price of gold has increased by 11.5%.

This week, President Trump announced plans to impose new tariffs on timber and forestry products, in addition to his previous plans for tariffs on autos, semiconductors and pharmaceuticals. This has further heightened concerns about a trade war, making gold an attractive option.

Trump's policies are believed to be inflationary, forcing the US Federal Reserve to maintain high interest rates. High interest rates usually reduce the attractiveness of gold because it is a non-interest-bearing asset.

The world's two largest gold consuming countries, China and India, currently have very low physical demand due to record high gold prices.

Meanwhile, silver remained unchanged at $32.92 an ounce, palladium edged down 0.3% to $974.75 an ounce, and platinum fell 0.2% to $976.80 an ounce, trending lower for the week.

Gold price forecast

Gold expert Tran Duy Phuong - Director of Golden Fund Gold and Gemstone Company predicts that from now until June and July, the gold price will likely increase to 3,100-3,200 USD/ounce. However, this increase will have alternating decreases, not continuous increases. The gold price will only decrease from the end of the third quarter, the beginning of the fourth quarter. Therefore, people need to consider choosing the time to invest.

Zain Vawda, market analyst at MarketPulse (OANDA), said the gold rally was fueled by President Trump’s comments on new tariffs on cars and pharmaceuticals, which could pave the way for gold prices to reach $3,000 an ounce.

'Gold hit two consecutive record highs, supported by continued momentum and haven demand in response to Trump's increasingly erratic behavior. The Fed's cautious stance on interest rates was largely ignored as prices continued to head towards the next major psychological level of $3,000 an ounce,' Saxo Bank analysts noted.

Looking ahead to gold, commodity analysts at Metals Focus said they expect gold prices to hit a high of $3,000 an ounce in the second quarter of this year; however, they noted that there is still a risk of profit-taking in the short term.

Giovanni Staunovo, an analyst at UBS, said central banks will continue to buy gold in the near future. This will benefit gold in the future.

While gold prices have hit new record highs, momentum in the market is starting to wane. While gold remains in a solid uptrend, investors may need to be a little more patient as they reach the $3,000/ounce target.

Since the beginning of the year, the world gold price has increased by 12%, reflecting investors' concerns about global economic and political instability. With this strong increase, the market is closely watching the possibility of gold prices reaching the 3,000 USD/ounce mark in the near future.

According to analyst Ross Norman, the $3,000/ounce level is becoming an important psychological threshold attracting the market. He commented that although from a technical perspective, gold is in a state of overbought, the price is still tending to approach a new record.