Gold price today January 9, 2025 increased, gold bars up to 86 million VND
Gold prices today, January 9, 2025, increased sharply in the domestic market. Gold bar and plain ring prices increased by half a million VND per tael, the highest in the past two weeks. World gold prices increased despite the strong USD.
Domestic gold price today
On the morning of January 9, Saigon Jewelry Company (SJC) listed the price of gold bars at 84.5 - 86 million VND, an increase of 500,000 VND per tael compared to yesterday. State-owned banks also raised the selling price of this type to 86 million VND per tael.
Domestic gold ring prices this morning were adjusted to increase sharply by brands.
Opening the trading session, Saigon Jewelry Company (SJC) listed the price of gold rings of type 1-5 at only 84.5-85.8 million VND/tael (buy - sell), an increase of 500 thousand VND per tael in both buying and selling compared to the end of yesterday's trading session.
Similarly, Doji Gold and Gemstone Group early this morning also raised the price of 9999 gold rings by 300,000 VND per tael in both buying and selling compared to the end of yesterday's trading session, trading at 84.8-86 million VND/tael (buying - selling).
Opening the trading session on January 9, the price of SJC 9999 gold increased by 500 thousand VND per tael in both buying and selling compared to the closing price of yesterday's trading session, reaching 84.5-86 million VND/tael (buying - selling).
| Today (January 9, 2025) | Yesterday (January 8, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 84,500▲500 | 86,000▲500 | 84,000 | 85,500 |
| DOJI HN | 84,500▲500 | 86,000▲500 | 84,000 | 85,500 |
| DOJI SG | 84,500▲500 | 86,000▲500 | 84,000 | 85,500 |
| BTMC SJC | 84,700▲500 | 86,000▲500 | 84,200 | 85,500 |
| Phu Quy SJC | 84,500▲300 | 86,000▲500 | 84,200 | 85,500 |
| PNJ HCMC | 84,800▲300 | 86,000▲500 | 84,500 | 85,500 |
| PNJ Hanoi | 84,800▲300 | 86,000▲500 | 84,500 | 85,500 |
World gold price today
At 8:35 a.m. today (January 9, Vietnam time), the world spot gold price was at 2,659 USD/ounce, up 1 USD/ounce compared to last night. The price of gold futures for February 2025 on the Comex New York floor was at 2,677 USD/ounce.
On the morning of January 9, the world gold price converted to USD bank price was over 82.7 million VND/tael, including tax and fees, about 3.3 million VND/tael lower than the domestic gold price.
Although gold is under pressure from a stronger USD and rising US bond yields, it is unlikely that the greenback will increase sharply. This also means that world gold prices may rise even higher.
In a press conference at Mar-a-Lago, President-elect Donald Trump said that interest rates in the US are currently too high and need to be cut sharply. This is a pressure on the USD.
Investors are now waiting for the minutes of the Federal Open Market Committee (FOMC) meeting at its December meeting to look for clues on the interest rate path and comments from policymakers.
In the short term, gold still tends to attract cash flow despite negative pressure from the strong USD. Cash flow shows signs of caution with the US stock market and the cryptocurrency market. The US stock market has recently experienced many sharp declines. Bitcoin is moving away from the $100,000 threshold. At 8:20 p.m. on January 8, BTC was at $95,189.
Instability in financial markets is expected to prompt central banks to increase their gold holdings.