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Gold price today January 28, 2025: World gold price slightly decreased waiting for the meeting from the Fed

Quoc DuongDNUM_CIZABZCACF 4:23

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.

Giá vàng hôm nay 28/1/2025: Giá vàng thế giới giảm nhẹ chờ cuộc họp từ Fed

The latest gold price list today, January 28, 2025 is as follows:

Gold price today
January 28, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
86.888.8
--
DOJI Group
86.9
88.9
-
-
Red Eyelashes
87.188.5
--
PNJ
86.8
88.8
--
Vietinbank Gold
88.8

-
Bao Tin Minh Chau
86.9
88.9
--
Phu Quy86.488.9--
1.DOJI- Updated: 2025-01-28 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN86,90088,900
AVPL/SJC HCM86,90088,900
AVPL/SJC DN86,90088,900
Raw material 9999 - HN86,40087,200
Raw material 999 - HN86,30087,100
AVPL/SJC Can Tho86,90088,900
2.PNJ- Updated: 2025-01-28 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ86,60088,100
HCMC - SJC86,80088,800
Hanoi - PNJ86,60088,100
Hanoi - SJC86,80088,800
Da Nang - PNJ86,60088,100
Da Nang - SJC86,80088,800
Western Region - PNJ86,60088,100
Western Region - SJC86,80088,800
Jewelry gold price - PNJ86,60088,100
Jewelry gold price - SJC86,80088,800
Jewelry gold price - SoutheastPNJ86,600
Jewelry gold price - SJC86,80088,800
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring86,600
Jewelry gold price - Jewelry gold 999.986,50087,900
Jewelry gold price - Jewelry gold 99986,41087,810
Jewelry gold price - Jewelry gold 9986,12087,120
Jewelry gold price - 916 gold (22K)79,62080,620
Jewelry gold price - 750 gold (18K)64,68066,080
Jewelry gold price - 680 gold (16.3K)58,52059,920
Jewelry gold price - 650 gold (15.6K)55,89057,290
Jewelry gold price - 610 gold (14.6K)52,37053,770
Jewelry gold price - 585 gold (14K)50,17051,570
Jewelry gold price - 416 gold (10K)35,32036,720
Jewelry gold price - 375 gold (9K)31,71033,110
Jewelry gold price - 333 gold (8K)27,76029,160
3. SJC - Updated: 01/28/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG86,80088,800
SJC 5c86,80088,820
SJC 2c, 1c, 5c86,80088,830
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi86,30088,000
SJC 99.99 gold ring 0.3 chi, 0.5 chi86,30088,100
Jewelry 99.99%86,20087,700
Jewelry 99%84,33186,831
Jewelry 68%56,79159,791
Jewelry 41.7%33,72436,724

The last week of January this year for the domestic gold market will not have any 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 a.m. 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 lower as investors awaited the US Federal Reserve's first policy meeting of the 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 no longer a major 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 since September last year. Meanwhile, the European Central Bank (ECB) is expected to cut 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 versus 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, while 25 (15%) said they expected gold prices to 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 threat of tariffs 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 in the context of the global market continuing 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 announcement and action will be. At some point, the market will repeat the lesson of the past 4-8 years and ignore the announcements from the US.

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Gold price today January 28, 2025: World gold price slightly decreased waiting for the meeting from the Fed
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