Gold price today January 18, 2025: World gold price and domestic gold price increased for 3 consecutive weeks
Gold price today January 18: World gold price increased sharply near the highest level in 5 weeks, aiming to increase for 3 consecutive weeks. Domestic gold price simultaneously surpassed the 87 million VND/tael mark.
Domestic gold price today January 18, 2025
At the time of survey at 4:30 a.m. on January 18, 2025, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 85.3 million VND/tael for buying and 86.8 million VND/tael for selling. An increase of 300 thousand VND/tael for both buying and selling compared to yesterday.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 85.3-86.3 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 100 thousand VND/tael for both buying and selling.
SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 85.3-87.3 million VND/tael (buying - selling), an increase of 300 thousand VND/tael in both buying and selling directions compared to yesterday.
SJC gold price at PNJ is traded by businesses at 85.3-87.3 million VND/tael (buying - selling), an increase of 300 thousand VND/tael in both buying and selling directions compared to yesterday.
The latest gold price list today, January 18, 2025 is as follows:
| Gold price today | January 18, 2025 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 85.3 | 87.3 | +300 | +300 |
| DOJI Group | 85.3 | 87.3 | +300 | +300 |
| Red Eyelashes | 85.3 | 86.3 | +100 | +100 |
| PNJ | 85.3 | 87.3 | +300 | +300 |
| Vietinbank Gold | 87.3 | +300 | ||
| Bao Tin Minh Chau | 85.3 | 87.3 | +300 | +300 |
| 1.DOJI- Updated: 18/1/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 85,300▲300K | 87,300▲300K |
| AVPL/SJC HCM | 85,300▲300K | 87,300▲300K |
| AVPL/SJC DN | 85,300▲300K | 87,300▲300K |
| Raw material 9999 - HN | 85,100▲300K | 85,900▲300K |
| Raw material 999 - HN | 85,000▲300K | 85,800▲300K |
| AVPL/SJC Can Tho | 85,300▲300K | 87,300▲300K |
| 2.PNJ- Updated: 18/1/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 85,200 | 87,000 |
| HCMC - SJC | 85,300▲300K | 87,300▲300K |
| Hanoi - PNJ | 85,200 | 87,000 |
| Hanoi - SJC | 85,300▲300K | 87,300▲300K |
| Da Nang - PNJ | 85,200 | 87,000 |
| Da Nang - SJC | 85,300▲300K | 87,300▲300K |
| Western Region - PNJ | 85,200 | 87,000 |
| Western Region - SJC | 85,300▲300K | 87,300▲300K |
| Jewelry gold price - PNJ | 85,200 | 87,000 |
| Jewelry gold price - SJC | 85,300▲300K | 87,300▲300K |
| Jewelry gold price - Southeast | PNJ | 85,200 |
| Jewelry gold price - SJC | 85,300▲300K | 87,300▲300K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 85,200 |
| Jewelry gold price - Jewelry gold 999.9 | 85,200 | 86,600▲600K |
| Jewelry gold price - Jewelry gold 999 | 85,710▲600K | 86,510▲600K |
| Jewelry gold price - Jewelry gold 99 | 84,830▲590K | 85,830▲590K |
| Jewelry gold price - 916 gold (22K) | 78,430▲550K | 79,430▲550K |
| Jewelry gold price - 750 gold (18K) | 63,700▲450K | 65,100▲450K |
| Jewelry gold price - 680 gold (16.3K) | 57,640▲410K | 59,040▲410K |
| Jewelry gold price - 650 gold (15.6K) | 55,040▲390K | 56,440▲390K |
| Jewelry gold price - 610 gold (14.6K) | 51,580▲370K | 52,980▲370K |
| Jewelry gold price - 585 gold (14K) | 49,410▲350K | 50,810▲350K |
| Jewelry gold price - 416 gold (10K) | 34,780▲250K | 36,180▲250K |
| Jewelry gold price - 375 gold (9K) | 31,230▲230K | 32,630▲230K |
| Jewelry gold price - 333 gold (8K) | 27,330▲200K | 28,730▲200K |
| 3. SJC - Updated: 18/1/2025 04:30 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 85,300▲300K | 87,300▲300K |
| SJC 5c | 85,300▲300K | 87,320▲300K |
| SJC 2c, 1c, 5c | 85,300▲300K | 87,330▲300K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 85,000▲200K | 86,700▲200K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 85,000▲200K | 86,800▲200K |
| Jewelry 99.99% | 84,900▲200K | 86,400▲200K |
| Jewelry 99% | 83,044▲198K | 85,544▲198K |
| Jewelry 68% | 55,907▲136K | 58,907▲136K |
| Jewelry 41.7% | 33,182▲83K | 36,182▲83K |
World gold price today January 18, 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 at 2,706.89 USD/Ounce. Today's gold price decreased by 8.5 USD/Ounce compared to yesterday, but still increased by 18.2 USD/Ounce compared to last week. Converted according to the USD exchange rate, on the free market (25,630 VND/USD), the world gold price is about 84.57 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.73 million VND/tael higher than the international gold price.
Gold prices neared a five-week high and were on track for a third straight weekly gain, as U.S. inflation data released earlier this week fueled expectations that the Federal Reserve could cut interest rates multiple times this year.
Gold was supported by a weaker dollar after inflation data reinforced expectations of a Fed rate cut, said Ajay Kedia, director at Kedia Commodities in Mumbai. "We see support at $2,694 and if we break $2,720, we can move towards $2,770," Kedia said.
Expectations for multiple Fed rate cuts rose after data released Wednesday showed lower-than-expected core inflation. In addition, Fed Governor Christopher Waller said Thursday that there is still room for three to four rate cuts this year if U.S. economic data continues to weaken.
“While market expectations of a Fed rate cut remain a key factor, we believe gold will assert its role as a risk diversifier amid macroeconomic and geopolitical uncertainty,” ANZ analysts said. “We expect gold’s sensitivity to traditional factors – interest rates and the US dollar – to remain volatile into 2025.”
US President-elect Donald Trump begins his second term next week, and attention remains on his policies, which analysts expect to spur inflation. "The increased uncertainty surrounding the new administration and its potential actions is weighing on gold as a short-term volatility trading tool," said Michael Langford, chief investment officer at Scorpion Minerals.
Meanwhile, spot silver fell 0.7% to $30.57 an ounce but was still on track for a third straight weekly gain. Palladium fell 0.4% to $936.91, down about 1% this week. Platinum held at $931.18 but was on track for its biggest weekly decline since August.
Gold Price Forecast
According to many experts, the inflation index, unemployment data and US retail sales increase, the Fed will delay lowering interest rates and this is a negative factor for gold. On the contrary, gold can increase and conquer the threshold of 2,700 USD/ounce.
Kelvin Wong, senior market analyst for Asia Pacific at Oanda, predicts that if gold prices fall below $2,600 an ounce, the next support level will be around $2,540 an ounce. This could be an attractive price for long-term investors to consider buying.