Gold price today January 7, 2025: World and domestic gold prices both decrease
Gold price today January 7: World gold price suddenly turned around and dropped sharply. Domestic gold price also adjusted down by 500 thousand VND per tael, to 85 million VND/tael (selling).
Domestic gold price today January 7, 2025
At the time of survey at 4:30 a.m. on January 7, 2025, the gold price on the trading floors of some companies was as follows:
The price of 9999 gold today is listed by DOJI at 84.3 million VND/tael for buying and 85.3 million VND/tael for selling. A decrease of 250 thousand VND/tael for buying and 200 thousand VND/tael for selling compared to yesterday.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 84.4-85 million VND/tael for buying and selling. Compared to yesterday, the buying price decreased by 400 thousand VND/tael, the selling price decreased by 500 thousand VND/tael compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited was also traded by the enterprise at 83.7-85 million VND/tael (buying - selling, down 400 thousand VND/tael for buying - down 500 thousand VND/tael for selling compared to yesterday.
At Bao Tin Manh Hai, it is also being traded at 83.7-85 million VND/tael (buy - sell), down 400 thousand VND/tael for buying - down 500 thousand VND/tael for selling compared to yesterday.
The latest gold price list today, January 7, 2025 is as follows:
| Gold price today | January 7, 2025 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 83.5 | 85 | -500 | -500 |
| DOJI Group | 83.5 | 85 | -500 | -500 |
| Mi Hong | 84.4 | 85 | -400 | -500 |
| PNJ | 83.5 | 85 | -500 | -500 |
| Vietinbank Gold | 85 | -500 | ||
| Bao Tin Minh Chau | 83.7 | 85 | -400 | -500 |
| Bao Tin Manh Hai | 83.7 | 85 | -400 | -500 |
| 1.DOJI- Updated: 7/1/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 83,500▼500K | 85,000▼500K |
| AVPL/SJC HCM | 83,500▼500K | 85,000▼500K |
| AVPL/SJC DN | 83,500▼500K | 85,000▼500K |
| Raw material 9999 - HN | 84,200▼250K | 84,600▼200K |
| Raw materials 999 - HN | 84,100▼250K | 84,500▼200K |
| AVPL/SJC Can Tho | 83,500▼500K | 85,000▼500K |
| 2.PNJ- Updated: 7/1/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 84,400 | 85,000▼500K |
| HCMC - SJC | 83,500▼500K | 85,000▼500K |
| Hanoi - PNJ | 84,400 | 85,000▼500K |
| Hanoi - SJC | 83,500▼500K | 85,000▼500K |
| Da Nang - PNJ | 84,400 | 85,000▼500K |
| Da Nang - SJC | 83,500▼500K | 85,000▼500K |
| Western Region - PNJ | 84,400 | 85,000▼500K |
| Western Region - SJC | 83,500▼500K | 85,000▼500K |
| Jewelry gold price - PNJ | 84,400 | 85,000▼500K |
| Jewelry gold price - SJC | 83,500▼500K | 85,000▼500K |
| Jewelry gold price - Southeast | PNJ | 84,400 |
| Jewelry gold price - SJC | 83,500▼500K | 85,000▼500K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 84,400 |
| Jewelry gold price - Jewelry gold 999.9 | 84,200▼200K | 85,000▼200K |
| Jewelry gold price - 999 jewelry gold | 84,120▼200K | 84,920▼200K |
| Jewelry gold price - 99 jewelry gold | 83,250▼200K | 84,250▼200K |
| Jewelry gold price - 916 gold (22K) | 76,960▼180K | 77,960▼180K |
| Jewelry gold price - 750 gold (18K) | 62,500▼150K | 63,900▼150K |
| Jewelry gold price - 680 gold (16.3K) | 56,550▼140K | 57,950▼140K |
| Jewelry gold price - 650 gold (15.6K) | 54,000▼130K | 55,400▼130K |
| Jewelry gold price - 610 gold (14.6K) | 50,600▼120K | 52,000▼120K |
| Jewelry gold price - 585 gold (14K) | 48,480▼110K | 49,880▼110K |
| Jewelry gold price - 416 gold (10K) | 34,110▼80K | 35,510▼80K |
| Jewelry gold price - 375 gold (9K) | 30,630▼70K | 32,030▼70K |
| Jewelry gold price - 333 gold (8K) | 26,800▼70K | 28,200 |
| 3. SJC - Updated: 07/01/2025 04:30 - Website time of supply - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 83,500▼500K | 85,000▼500K |
| SJC 5c | 83,500▼500K | 85,020▼500K |
| SJC 2c, 1C, 5 phan | 83,500▼500K | 85,030▼500K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 83,500▼500K | 84,800▼500K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 83,500▼500K | 84,900▼500K |
| 99.99% Jewelry | 83,500▼500K | 84,600▼500K |
| 99% Jewelry | 81,262▼495K | 83,762▼495K |
| Jewelry 68% | 54,683▼340K | 57,683▼340K |
| Jewelry 41.7% | 32,431▼208K | 35,431▼208K |
World gold price today January 7, 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 2,625.66 USD/Ounce. Today's gold price decreased by 14.25 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,800 VND/USD), the world gold price is about 82.58 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.42 million VND/tael higher than the international gold price.
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World gold prices fell slightly as investors booked profits after a week of price increases. Currently, the market is waiting for important economic data from the US, including the December employment report, for more clues on the US Federal Reserve's interest rate policy.
According to Ajay Kedia, Director at Kedia Commodities (Mumbai), the current downward pressure on gold prices is mainly due to investors taking profits after the recent price increase. In addition, the market is also paying attention to the event of Donald Trump's re-election as US President, as this could create many big changes.
The U.S. jobs report, due Friday, will provide further insight into the Fed's interest rate outlook. Investors will also be closely watching ADP employment data, job openings, and the minutes of the Fed's most recent policy meeting.
This week's US jobs data will be key in determining whether gold prices break out of their current trading range, said Tim Waterer, market analyst at KCM Trade.
Gold tends to appreciate in low-interest-rate environments and is seen as a hedge against geopolitical uncertainty and inflation. However, Donald Trump’s re-election as US president on January 20 could lead to tariffs and trade protectionism, which could push inflation higher. This could make the Fed more cautious about cutting interest rates, limiting gold’s rise.
After three rate cuts in 2024, the Fed is expected to cut rates only twice in 2025 as inflation remains high. Goldman Sachs has also revised its gold price forecast, pushing back its target of $3,000 an ounce from December 2025 to the second quarter of 2026, citing the expectation that the Fed will cut rates less frequently in 2025.
Meanwhile, spot silver prices remained unchanged at $29.64 an ounce, platinum prices fell 0.6% to $932.59 an ounce, and palladium prices fell 1% to $912.75 an ounce.
Gold price forecast
Nicky Shiels, head of metals strategy at MKS PAMP, predicts gold could trade in a wide range between $2,500 and $3,200 an ounce. Whether gold is at or below $3,000 or above depends on whether the Fed is ahead or behind Trump's inflation curve.
This expert believes that, fundamentally, with long-term high inflation, ongoing de-globalization, currency devaluation, de-dollarization of central banks, chaotic and unpredictable geopolitics, and an unsustainable global debt path, gold is still a safe investment channel.
Kitco News' annual gold survey shows that retail traders continue to be bullish on gold this year, with industry experts and major banks also bullish on gold.
457 retail investors participated in Kitco News' annual gold survey. The results showed that 58% expect gold prices to trade above $3,000 an ounce, 22% predict gold prices will trade between $2,800 and $3,000 an ounce, 7% choose gold prices between $2,600 and $2,800 an ounce, and 13% think gold prices will fall back to $2,400 and $2,600 an ounce.
