Gold price this morning February 20: Slight decrease after reaching record high

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 is listed at VND89.8 million/tael for buying and VND92.1 million/tael for selling. A slight increase of VND200,000/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 is traded by businesses at 89.9-92.1 million VND/tael (buying - selling, up 300 thousand VND/tael in buying direction - up 200 thousand VND/tael in selling direction 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:

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, as a stronger US dollar and fresh tariff threats from US President Donald Trump kept investors on edge.

Specifically, the spot gold price decreased by 0.2% to 2,928.49 USD/ounce at 10:00 am on February 20. Earlier, in the trading session, the gold price skyrocketed to a record high of 2,947 USD/ounce. Meanwhile, the US gold futures price also decreased by 0.4% to 2,936.10 USD.

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 said he plans 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 diminishes.

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, as they expect companies to raise prices to offset the tariffs, as noted 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 headed for 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 valuation perspective, silver could still rise in price in the future, according to Han Tan, market analyst at Exinity Group.