Gold price today January 24, 2025: World gold price and domestic gold price slightly decreased
Gold price today January 24, 2025: World gold price decreased slightly due to being at the overbought level technically, causing pressure to reduce domestic gold price. Gold bar price decreased by 100 thousand while gold ring price is still on the rise.
Domestic gold price today January 24, 2025
At the time of survey at 4:30 a.m. on January 24, 2025, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 86.4 million VND/tael for buying and 87.9 million VND/tael for selling. An increase of 200 thousand VND/tael 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 86.3-87.4 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 300 thousand VND/tael for buying and 200 thousand VND/tael for selling.
SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 86.1-88.1 million VND/tael (buying - selling), down 100 thousand VND/tael in both buying and selling directions compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 86.2-88.4 million VND/tael (buying - selling), an increase of 400 thousand VND/tael in both buying and selling directions compared to yesterday.
The latest gold price list today, January 24, 2025 is as follows:
| Gold price today | January 24, 2025 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 86.1 | 88.1 | -100 | -100 |
| DOJI Group | 86.1 | 88.1 | -100 | -100 |
| Mi Hong | 86.3 | 87.4 | -300 | -200 |
| PNJ | 86.4 | 88.4 | +200 | +200 |
| Vietinbank Gold | 88.1 | -100 | ||
| Bao Tin Minh Chau | 86.1 | 88.1 | -100 | -100 |
| Phu Quy | 86.2 | 88.4 | +400 | +400 |
| 1.DOJI- Updated: 24/1/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 86,100▼100K | 88,100▼100K |
| AVPL/SJC HCM | 86,100▼100K | 88,100▼100K |
| AVPL/SJC DN | 86,100▼100K | 88,100▼100K |
| Raw material 9999 - HN | 86,200▲200K | 87,000▲200K |
| Raw materials 999 - HN | 86,100▲200K | 86,900▲200K |
| AVPL/SJC Can Tho | 86,100▼100K | 88,100▼100K |
| 2.PNJ- Updated: 24/1/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 86,100 | 87,700 |
| HCMC - SJC | 86,400▲200K | 88,400▲200K |
| Hanoi - PNJ | 86,100 | 87,700 |
| Hanoi - SJC | 86,400▲200K | 88,400▲200K |
| Da Nang - PNJ | 86,100 | 87,700 |
| Da Nang - SJC | 86,400▲200K | 88,400▲200K |
| Western Region - PNJ | 86,100 | 87,700 |
| Western Region - SJC | 86,400▲200K | 88,400▲200K |
| Jewelry gold price - PNJ | 86,100 | 87,700 |
| Jewelry gold price - SJC | 86,400▲200K | 88,400▲200K |
| Jewelry gold price - Southeast | PNJ | 86,100 |
| Jewelry gold price - SJC | 86,400▲200K | 88,400▲200K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 86,100 |
| Jewelry gold price - Jewelry gold 999.9 | 86,000 | 87,400 |
| Jewelry gold price - 999 jewelry gold | 85,910 | 87,310 |
| Jewelry gold price - 99 jewelry gold | 85,630 | 86,630 |
| Jewelry gold price - 916 gold (22K) | 79,160 | 80,160 |
| Jewelry gold price - 750 gold (18K) | 64,300 | 65,700 |
| Jewelry gold price - 680 gold (16.3K) | 58,180 | 59,580 |
| Jewelry gold price - 650 gold (15.6K) | 55,560 | 56,960 |
| Jewelry gold price - 610 gold (14.6K) | 52,060 | 53,460 |
| Jewelry gold price - 585 gold (14K) | 49,880 | 51,280 |
| Jewelry gold price - 416 gold (10K) | 35,110 | 36,510 |
| Jewelry gold price - 375 gold (9K) | 31,530 | 32,930 |
| Jewelry gold price - 333 gold (8K) | 27,590 | 28,990 |
| 3. SJC - Updated: 1/24/2025 4:30 AM - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 86,100▼100K | 88,100▼100K |
| SJC 5c | 86,100▼100K | 88,120▼100K |
| SJC 2c, 1C, 5 phan | 86,100▼100K | 88,130▼100K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 86,100▲100K | 87,800▲100K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 86,100▲100K | 87,900▲100K |
| 99.99% Jewelry | 86,000▲100K | 87,500▲100K |
| 99% Jewelry | 84,133▲99K | 86,633▲99K |
| Jewelry 68% | 56,655▲68K | 59,655▲68K |
| Jewelry 41.7% | 33,641▲41K | 36,641▲41K |
World gold price today January 24, 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 2,746.4 USD/ounce. Today's gold price decreased by 7.03 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,600 VND/USD), the world gold price is about 85.7 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.4 million VND/tael higher than the international gold price.
Gold prices edged lower after hitting a near three-month high in the previous session as investors awaited further clarity on policies from the administration of US President Donald Trump.
"Gold is currently at levels that are almost technically overbought, which suggests that there could be a slight correction in the near term," said Han Tan, market analyst at Exinity Group. Gold's relative strength index (RSI) is currently at 64, close to 70 - a level considered "overbought".
Mr. Tan also commented that gold prices could continue to rise towards the psychological mark of 3,000 USD if President Trump's policies increase investment demand for gold as an inflation hedge and safe asset.
President Trump recently proposed imposing a 25% import tax on Canada and Mexico, and a 10% tax on China, starting February 1. He also mentioned the possibility of imposing tariffs on imports from Europe, but did not provide specific details.
Gold is often seen as a safe investment during times of economic and geopolitical uncertainty. However, as interest rates rise, gold can become less attractive because it does not pay interest.
The US Federal Reserve (Fed) is scheduled to meet on January 28-29 amid stable economic growth and falling inflation. However, the policies proposed by President Trump could cause a lot of instability. According to the FedWatch tool of CME Group, there is currently a 96% chance that the Fed will keep the base interest rate unchanged.
In addition, President Trump also threatened to impose tariffs and sanctions on Russia and other countries if an agreement to end the war in Ukraine is not reached soon. Russia is the world's largest producer of palladium and is the main supplier of this metal to the US.
Meanwhile, palladium prices rose 0.5% to $982.25 an ounce, silver prices fell 1.5% to $30.33, and platinum prices remained unchanged at $944.30.
Gold price forecast
Dr. Le Xuan Nghia, an economic expert, believes that gold prices will tend to decrease due to factors related to the reduction of global conflicts.
"During his entire previous term, Donald Trump did not launch any war. Public opinion is expecting that after he takes office as US President, armed conflicts in the Middle East and Ukraine will end. Therefore, gold prices in 2025 will hardly fluctuate strongly. I think that gold prices will hardly increase but also will hardly decrease deeply, because a new price level has been established," Dr. Nghia commented.
The world's financial and commodity markets fluctuated strongly following Mr. Trump's rapid policy decisions. Just the first two days were like the entire presidential term, from energy, immigration, to trade...
Mr Trump's moves have attracted media attention, but have also left many cautious. Markets have been volatile.
Gold prices are expected to fluctuate strongly in the coming days due to many surprises, from new policies, policy reversals, to battles in the US Senate and House of Representatives.
