World gold price and domestic gold price increased sharply, up to 88 million VND

Domestic gold price today January 22, 2025

Update on the domestic gold market on the morning of January 22, SJC company adjusted the price of SJC gold bars to increase sharply, currently trading at 86 - 88 million VND/tael. Compared to the closing price yesterday, the price of gold bars increased by 500 thousand VND/tael in both buying and selling directions.

In addition to SJC company, the gold bar trading price at 86 - 88 million VND/tael recorded gold trading brands on the market including Eximbank, TPBank, ACB, DOJI, PNJ and Bao Tin Minh Chau.

Meanwhile, at Phu Quy, the buying price of SJC gold bars is only 85.8 million VND/tael, the selling price is 88 million VND/tael.

Mi Hong has the highest buying price but the lowest selling price in the market. This company announced the buying/selling price of gold bars at 86.4 million VND/tael and 87.4 million VND/tael respectively.

Regarding gold rings, the price of SJC's 4-number 9 gold rings is currently traded at 85.8 - 87.5 million VND/tael. Compared to yesterday, the price of SJC's gold rings increased by 600 thousand VND/tael in both buying and selling directions.

Bao Tin Minh Chau announced the price of plain round rings at 86 million VND/tael for buying, an increase of 500 thousand VND/tael and selling at 87.95 million VND/tael, an increase of 500 thousand VND/tael.

DOJI Group's Hung Thinh Vuong round ring is bought at 86 million VND/tael and sold at 87.5 million VND/tael. Compared to the most recent session, DOJI's gold ring price increased by 300 thousand VND/tael in both buying and selling directions.

PNJ increased the price of gold rings by 400,000 VND/tael for buying and 300,000 VND/tael for selling, currently trading at 85.8 - 87.5 million VND/tael.

Phu Quy round rings are currently trading at 85.7 - 87.7 million VND/tael.

The latest gold price list today, January 22, 2025 is as follows:

World gold price today January 22, 2025 and world gold price fluctuation chart in the past 24 hours

In the world, the spot gold price at 10:00 was at 2,748.97 USD/ounce. Converted according to the bank exchange rate, the world gold price is equivalent to 85.17 million VND/tael (including taxes and fees...). The difference between the world gold price and the domestic SJC gold bar price is about 2.83 million VND/tael.

Gold prices are at multi-week highs as safe-haven demand increases amid uncertainty over the Trump administration’s new policies. Markets are focused on Trump’s policy actions, such as his plan to impose tariffs of up to 25% on Mexican and Canadian products coming into the U.S. on Feb. 1.

Mr. Trump also promised to accelerate U.S. energy development and roll back measures that have blocked drilling in most U.S. coastal waters.

If gold can stabilize above $2,750, the precious metal will move towards resistance at $2,780-$2,790 an ounce, according to Vladimir Zernov, market analyst at FX Empire.

Previously, many forecasts said that geopolitical tensions would decrease under Mr. Trump, thereby causing gold prices to fall. In his inaugural speech, Mr. Trump declared that he would prevent wars and bring a new spirit of solidarity to the world.

In the Middle East, Israel and Hamas forces in the Gaza Strip completed the first exchange of hostages and prisoners in phase 1 of the ceasefire agreement. However, the outlook for the region remains unpredictable due to the complexity of this land.

As for Russia and Ukraine, Mr. Trump did not mention it in his inaugural speech, even though during the election campaign, he promised to end this conflict within 24 hours.

Gold prices are also expected to fluctuate strongly when the Trump administration makes tax moves against China.