Gold price today February 27, 2025: World and domestic gold prices fell to the lowest level of the week

Domestic gold price today February 27, 2025

At the time of survey at 4:30 a.m. on February 27, 2025, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 89 million VND/tael for buying and 91.3 million VND/tael for selling. Today's gold price dropped sharply by 700 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 90.6-91.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 100 thousand VND/tael for buying and 300 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 89.3-91.3 million VND/tael (buying - selling, down 800 thousand VND/tael in buying direction - down 900 thousand VND/tael in selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 89.3-91.3 million VND/tael (buy - sell), down 800 thousand VND/tael in buying - down 800 thousand VND/tael in selling compared to yesterday.

The latest gold price list today, February 27, 2025 is as follows:

World gold price today February 27, 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 2,910.46 USD/ounce. Today's gold price decreased by 23.6 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,770 VND/USD), the world gold price is about 91.42 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 sharply by 0.81% in the previous trading session, while investors focused on US President Donald Trump's tariff plans, whose statements have raised concerns about a trade war.

'The sharp correction in gold prices followed a decline in stocks and bitcoin, but the gold market has seen some buying at low levels and, unlike other asset classes, has regained stability,' said independent analyst Ross Norman.

He also added that the price drop is likely to stimulate demand for physical gold and create an opportunity for those who may have missed out on the previous rally.

Wall Street's main index hit a one-month low on Tuesday and bitcoin fell 5.6%.

Trump has opened a new front in his attack on global trade norms by ordering an investigation into new tariffs on copper imports.

The upward pressure on prices from tariffs could force the Federal Reserve to maintain high interest rates. Gold is often seen as a hedge against uncertainty and inflation, but higher interest rates could reduce the appeal of gold because it does not pay interest.

Investors are also awaiting the US Personal Consumption Expenditures (PCE) report, the Fed's preferred inflation gauge, due on Friday.

The recent rally that took gold close to $3,000 appears to have run out of steam, suggesting some traders took the opportunity to take profits, Frank Watson, market analyst at Kinesis Money, said in a note.

Central bank actions will be key to gold's outlook, as they have been a major driver of demand in recent years.

Spot silver rose 0.1% to $31.77, platinum rose 0.9% to $974.86 and palladium rose 1.6% to $942.29.

Gold Price Forecast

Most forecasts from major institutions suggest that gold prices will continue to rise strongly and may reach a new peak in 2025. Goldman Sachs, on February 17, raised its year-end gold price forecast to $3,100/ounce, thanks to stable buying demand from central banks and ongoing macroeconomic uncertainties.

UBS also predicts gold prices will reach $3,200/ounce in the second half of the year, while JP Morgan forecasts $3,100/ounce for spot gold prices before the end of 2025.

In the domestic market, gold prices often fluctuate according to world trends, so SJC gold may decrease in the trading session this morning, February 27.

Despite the sell-off, however, experts remain optimistic. 'We still believe the sideways to bullish trend is intact,' said David Meger.

On February 24, US President Donald Trump announced that he would stick to plans to impose tariffs on imports from Canada and Mexico, despite the two countries' efforts to strengthen border security and stop the flow of fentanyl into the US.

"I still think there's a lot of uncertainty around tariffs and trade policy in general, so these dips will continue to be seen as buying opportunities," said Peter Grant, vice president and senior metals strategist at Zaner Metals.

Gold’s rally has stalled over the past two weeks, with trading sessions becoming more volatile. Carsten Fritsch, a commodities analyst at Commerzbank, one of Germany’s largest banks, said this was a sign that the bullish momentum was weakening.

According to Wyckoff, the recent decline has not caused significant technical damage on the gold price chart. However, if April gold futures fall below the important support level of $2,845/ounce, the market could suffer short-term technical damage and signal a top.