Gold price today 2/3/2025: Gold price increased explosively to over 90 million
Gold price today February 3, 2025: Domestic gold price enters the first day after the holiday, predicted to increase 99% to over 90 million VND, after world gold price continuously broke records last week.
Domestic gold price today 2/3/2025
At the time of survey at 4:30 a.m. on February 3, 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, February 3, 2025 is as follows:
| Gold price today | February 3, 2025 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 86.8 | 88.8 | - | - |
| DOJI Group | 86.9 | 88.9 | - | - |
| Red Eyelashes | 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: 2/3/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| 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 material 999 - HN | 86,300 | 87,100 |
| AVPL/SJC Can Tho | 86,900 | 88,900 |
| 2.PNJ- Updated: 2/3/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| 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 - Jewelry gold 999 | 86,410 | 87,810 |
| Jewelry gold price - Jewelry gold 99 | 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: 2/3/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 86,800 | 88,800 |
| SJC 5c | 86,800 | 88,820 |
| SJC 2c, 1c, 5c | 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 |
| Jewelry 99.99% | 86,200 | 87,700 |
| Jewelry 99% | 84,331 | 86,831 |
| Jewelry 68% | 56,791 | 59,791 |
| Jewelry 41.7% | 33,724 | 36,724 |
In 2025, the God of Wealth Day (the 10th day of the first lunar month) will fall on Friday (February 7). Many gold shops have announced that they will open sales of gold for the God of Wealth Day from the 6th day of the first lunar month (ie Monday, February 3). Accordingly, in addition to buying gold directly at the shops, businesses have also opened online gold ordering channels, even livestreaming sales.
Due to the scarcity of 9999 gold, many traders have also promoted the production of 999 gold products to serve people's need to buy lucky goods on God of Wealth day.
World gold price today 2/3/2025 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 2,799.61 USD/ounce. Today's gold price decreased by 5.81 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 87.23 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.57 million VND/tael higher than the international gold price.
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Expert Tran Duy Phuong said that with the current closing price, the world gold price has not yet peaked, which means that the world gold price is likely to continue to increase today.
The main reason for the increase in world gold prices comes from the upcoming trade policies of President Donald Trump. On Saturday, Mr. Trump imposed a 25% tariff on imported goods from Canada and Mexico, as well as a 10% tariff on China. Previously, Mr. Trump also talked about plans to impose tariffs on computer chips, pharmaceuticals and steel to encourage production of these items in the US.
These statements have pushed investors to face concerns about the outbreak of a new trade war alongside rising inflationary pressures globally.
In the context of potential economic and geopolitical risks, investors' need for risk prevention is even greater. Accordingly, gold plays its role as a safe haven even better.
Gold Price Forecast
According to a Kitco News survey, nine out of 13 analysts see gold prices rising, four see it sideways, and none see it falling. Similarly, 101 out of 147 retail investors, or 69 percent, see gold prices rising. Nineteen see it sideways. The remaining 27 see it falling.
"The market is bullish, any reason, no matter how small, can spur demand for gold, towards the ultimate target of $3,000 an ounce. That level seems very close," said Daniel Pavilonis, senior commodities broker at RJO Futures.
“I am bullish on gold next week,” said Colin Cieszynski, chief market strategist at SIA Wealth Management. “Gold has broken out to a new record high. Technically, it looks like gold is starting a new rally. What is particularly interesting is that gold is showing strength even with a strong US dollar.”
“Whether overblown or not, the news of a gold shortage in London combined with President Trump’s tariff news and the FOMC’s mention of persistent inflation will all work together to push gold prices higher,” said Rich Checkan, president and CEO of Asset Strategies International.
Meanwhile, according to Mr. Nguyen Ngoc Trong, Director of New Partner Gold Company, with the world's highest gold price ever, it is predicted that when the domestic gold market resumes operations on February 3, prices will jump.
Currently, gold rings are still 1 million VND lower than the record of 89 million VND set in early November 2024. Meanwhile, SJC gold bars are 3.6 million VND lower than the peak of 92.4 million VND recorded in mid-May last year.
The price of SJC gold bars may surpass VND90 million/tael depending on the State Bank's intervention in selling gold in the first days of the year, with the peak reaching about USD2,900/ounce.
