Gold price today January 28, 2025: World gold price slightly decreased waiting for the meeting from the Fed
Gold price today January 28, 2025: World gold price slightly decreased waiting for the Fed's policy meeting. Domestic gold price will not fluctuate this week, due to the Lunar New Year holiday.
Domestic gold price today January 28, 2025
At the time of survey at 4:30 a.m. on January 28, 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, January 28, 2025 is as follows:
| Gold price today | January 28, 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: 28/1/2025 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: 28/1/2025 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: January 28, 2025 04:30 - Website time of supply - ▼/▲ 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 January 28, 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 2,750.8 USD/ounce. Today's gold price decreased by 20.72 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 85.66 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.14 million VND/tael higher than the international gold price.
Gold prices edged down as investors awaited the US Federal Reserve's first policy meeting this year for clues on the future path of interest rates.
The US dollar fell 0.2%, erasing earlier gains, making gold cheaper for holders of other currencies. Gold is typically priced in US dollars, so a weaker currency makes gold more attractive.
“The risk-off sentiment in global markets has dragged down US bond yields and the dollar, helping gold recover from its earlier losses,” said Han Tan, market analyst at Exinity Group. “Spot gold is also ripe for a technical correction, although its recent attempt to hit a new record high has not been successful.”
Gold has long been seen as a hedge against geopolitical uncertainty and inflation. It is also often favored in low-interest-rate environments, where the lack of yield that other assets offer is less of a drawback.
Fed policymakers are expected to leave interest rates unchanged at their meeting on January 28-29, according to the CME FedWatch tool. This would be the first time the Fed has paused its rate-cutting cycle that began last September. Meanwhile, the European Central Bank (ECB) is expected to cut interest rates by another 25 basis points on Thursday.
In other precious metals, spot silver fell 0.2% to $30.54 an ounce, after rising 0.9% last week. "The gold/silver ratio climbed back above 90 last week, above its three-year average of around 85, suggesting silver has upside potential against gold," said Frank Watson, market analyst at Kinesis Money.
Additionally, palladium prices fell 1.8% to $970.69 an ounce, while platinum prices fell 0.5% to $944.48 an ounce.
Gold price forecast
According to Kitco - President Trump's aggressive trade policies have attracted great interest from investors, thanks to gold's strategic role in offsetting the impact of rising inflation.
The latest Kitco News survey shows that industry experts are extremely bullish on gold prices, with retail investors also increasing their confidence in the precious metal's ability to re-establish record highs.
Ten analysts participated in the Kitco News gold survey. Eight (80%) expect gold prices to rise next week, while one (10%) expects prices to fall and another sees a sideways trend in the short term.
Meanwhile, 169 votes were cast in Kitco's online poll. 118 retail traders (70%) predicted gold prices would rise next week, 25 (15%) said gold prices would fall. The remaining 26 (15%) predicted gold prices would fluctuate sideways in the coming period.
Adam Button, head of currency strategy at Forexlive, said the tariff threat was weighing on the gold market but the Lunar New Year holiday in many Asian countries would slow the rally.
Meanwhile, Darin Newsom - senior market analyst at Barchart said that gold prices are unlikely to reach a new record high as the global market continues to react to the new policies of the new US President.
He believes that gold is a safe haven from the chaos surrounding the new US administration. However, the market cannot know what the next statement and action will be. At some point, the market will repeat the lesson of 4-8 years ago and ignore the statements from the US.
