Gold price this morning February 20: Slight decrease after reaching a record high
Gold price this morning February 20, 2025: Domestic gold price continued to increase to 92.1 million VND. World gold price decreased slightly after reaching a record high of 2,947 USD/ounce.
Domestic gold price this morning February 20, 2025
At the time of survey at 10:00 a.m. on February 20, 2025, today's gold price on the trading floors of some companies was as follows:
At Saigon Jewelry Company (SJC), the price of gold bars was listed at 89.8 million VND/tael for buying and 92.1 million VND/tael for selling. A slight increase of 200 thousand VND/tael in both buying and selling compared to yesterday.
DOJI system listed SJC gold at 89.8 million VND/tael for buying and 92.1 million VND/tael for selling. A slight increase of 200 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 90.5-91.8 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 200 thousand VND/tael for buying - unchanged for selling compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 89.9-92.1 million VND/tael (buying - selling), an increase of 300 thousand VND/tael in buying - an increase of 200 thousand VND/tael in selling compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 89.9-92.1 million VND/tael (buy - sell), an increase of 200 thousand VND/tael in both buying and selling directions compared to yesterday.
The latest gold price list today, February 20, 2025 is as follows:
| Today (February 20, 2025) | Yesterday (February 19, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 89,800▲200 | 92,100▲200 | 89,600 | 91,900 |
| DOJI Hanoi | 89,800▲200 | 92,100▲200 | 89,600 | 91,900 |
| DOJI SG | 89,800▲200 | 92,100▲200 | 89,600 | 91,900 |
| BTMC SJC | 89,900▲300 | 92,100▲200 | 89,600 | 91,900 |
| Phu Quy SJC | 89,900▲200 | 92,100▲200 | 89,700 | 91,900 |
| PNJ HCMC | 90,300▲200 | 92,000▲100 | 90,100 | 91,900 |
| PNJ Hanoi | 90,300▲200 | 92,000▲100 | 90,100 | 91,900 |
World gold price today February 20, 2025 and world gold price fluctuation chart in the past 24 hours
Gold prices edged lower after hitting a record high this morning, while a stronger US dollar and fresh tariff threats from US President Donald Trump kept investors on edge.
Specifically, spot gold fell 0.2% to $2,928.49 an ounce at 10 a.m. on February 20. Earlier in the trading session, gold prices soared to a record high of $2,947 an ounce. Meanwhile, US gold futures also fell 0.4% to $2,936.10.
The US dollar rose 0.1% against other currencies, making gold more expensive for holders of other currencies.
The market is currently in a state of high uncertainty, mainly due to trade negotiations and threats of tariffs globally, which is supporting gold prices, according to Paul Wong, market strategist at Sprott Asset Management.
President Trump has announced that he intends to impose tariffs on cars of around 25%, along with similar tariffs on semiconductor and pharmaceutical imports. The move follows his recent decision to impose 10% tariffs on imports from China and 25% tariffs on steel and aluminum earlier this month.
Gold is often seen as a safe haven against geopolitical risks and inflation. However, as interest rates rise, gold's appeal as a non-yielding asset will diminish.
Fed officials remain uncertain about the impact of tariffs on inflation, with traders now expecting at least one 25 basis point rate cut and a 44% chance of another cut before December, according to LSEG data.
Fed officials have expressed concerns about inflation since President Trump took office, predicting that companies would raise prices to offset the tariffs, a view echoed at their January policy meeting.
In other metals, spot silver, used in electronics, edged down 0.4% to $32.74 an ounce, though it was still heading toward a 10-year high. Meanwhile, platinum, used in auto catalysts, fell 1.7% to $970.45, and palladium edged down 1.6% to $971.47.
Tariffs may reduce industrial demand for silver, but from a pricing perspective, silver could still rise in price in the future, according to Han Tan, market analyst at Exinity Group.
