Gold price today January 31, 2025: World gold price increased sharply when Fed kept interest rates unchanged
Gold price today January 31, 2025: World gold price increased sharply when Fed kept interest rates unchanged, investors worried about the possibility of import tariffs from US President Donald Trump
Domestic gold price today January 31, 2025
At the time of survey at 4:30 a.m. on January 31, 2025, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 86.6 million VND/tael for buying and 88.1 million VND/tael for selling. No change in 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 87.1-88.5 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 86.9-88.9 million VND/tael (buying - selling), unchanged in both buying and selling directions compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 86.4-88.9 million VND/tael (buy - sell), unchanged in both buying and selling directions compared to yesterday.
The latest gold price list today January 31, 2025 is as follows:
| Gold price today | January 31, 2025 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 86.8 | 88.8 | - | - |
| DOJI Group | 86.9 | 88.9 | - | - |
| Red Eyelashes | 87.1 | 88.5 | - | - |
| PNJ | 86.8 | 88.8 | - | - |
| Vietinbank Gold | 88.8 | - | ||
| Bao Tin Minh Chau | 86.9 | 88.9 | - | - |
| Phu Quy | 86.4 | 88.9 | - | - |
| 1.DOJI- Updated: 04:30 01/31/2025 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 86,900 | 88,900 |
| AVPL/SJC HCM | 86,900 | 88,900 |
| AVPL/SJC DN | 86,900 | 88,900 |
| Raw material 9999 - HN | 86,400 | 87,200 |
| Raw material 999 - HN | 86,300 | 87,100 |
| AVPL/SJC Can Tho | 86,900 | 88,900 |
| 2.PNJ- Updated: 04:30 01/31/2025 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 86,600 | 88,100 |
| HCMC - SJC | 86,800 | 88,800 |
| Hanoi - PNJ | 86,600 | 88,100 |
| Hanoi - SJC | 86,800 | 88,800 |
| Da Nang - PNJ | 86,600 | 88,100 |
| Da Nang - SJC | 86,800 | 88,800 |
| Western Region - PNJ | 86,600 | 88,100 |
| Western Region - SJC | 86,800 | 88,800 |
| Jewelry gold price - PNJ | 86,600 | 88,100 |
| Jewelry gold price - SJC | 86,800 | 88,800 |
| Jewelry gold price - Southeast | PNJ | 86,600 |
| Jewelry gold price - SJC | 86,800 | 88,800 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 86,600 |
| Jewelry gold price - Jewelry gold 999.9 | 86,500 | 87,900 |
| Jewelry gold price - Jewelry gold 999 | 86,410 | 87,810 |
| Jewelry gold price - Jewelry gold 99 | 86,120 | 87,120 |
| Jewelry gold price - 916 gold (22K) | 79,620 | 80,620 |
| Jewelry gold price - 750 gold (18K) | 64,680 | 66,080 |
| Jewelry gold price - 680 gold (16.3K) | 58,520 | 59,920 |
| Jewelry gold price - 650 gold (15.6K) | 55,890 | 57,290 |
| Jewelry gold price - 610 gold (14.6K) | 52,370 | 53,770 |
| Jewelry gold price - 585 gold (14K) | 50,170 | 51,570 |
| Jewelry gold price - 416 gold (10K) | 35,320 | 36,720 |
| Jewelry gold price - 375 gold (9K) | 31,710 | 33,110 |
| Jewelry gold price - 333 gold (8K) | 27,760 | 29,160 |
| 3. SJC - Updated: 1/31/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 86,800 | 88,800 |
| SJC 5c | 86,800 | 88,820 |
| SJC 2c, 1c, 5c | 86,800 | 88,830 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 86,300 | 88,000 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 86,300 | 88,100 |
| Jewelry 99.99% | 86,200 | 87,700 |
| Jewelry 99% | 84,331 | 86,831 |
| Jewelry 68% | 56,791 | 59,791 |
| Jewelry 41.7% | 33,724 | 36,724 |
The last week of January this year for the domestic gold market will not have any price fluctuations, because it is the Lunar New Year holiday, so gold and jewelry companies as well as the banking sector will stop trading. Gold trading enterprises are currently anchoring prices at high levels, with large differences to prevent risks from fluctuations in international gold prices.
World gold price today January 31, 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 2,787.92 USD/ounce. Today's gold price increased by 28.78 USD compared to yesterday. Converted according to the USD exchange rate, on the free market (25,550 VND/USD), the world gold price is about 86.84 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.96 million VND/tael higher than the international gold price.
World gold prices rose sharply as investors worried about the possibility of import tariffs from US President Donald Trump, while waiting for an important inflation report to assess the policy of the Federal Reserve (Fed).
“Even though the likelihood of a tariff on gold in the US is very low because gold is a reserve asset, risk managers are reluctant to take the risk and are moving gold into the US,” said StoneX analyst Rhona O’Connell.
“The most affected factor is the exchange of futures contracts for physical gold (EFP), but this is certainly supporting spot gold prices.”
London gold traders are scrambling to borrow gold from central banks that store it in London after a surge in deliveries to the United States, according to two sources familiar with the matter.
Although Mr. Trump did not mention gold in his tariff plan, traders were still worried about the possible risks, leading to more gold being sent to New York.
Earlier this week, the White House said President Trump planned to impose steep tariffs on Mexico and Canada on Saturday, while also considering tariffs on China.
Meanwhile, the Fed kept interest rates unchanged on Wednesday. Chairman Jerome Powell said there was no rush to cut rates.
Investors are now awaiting the US personal consumption expenditures (PCE) price index report for December, due on Friday.
Spot silver rose 0.7% to $31.02 an ounce. Silver is also showing signs of strengthening against gold after the gold-silver ratio was rejected again above 91, according to Ole Hansen, head of commodity strategy at Saxo Bank.
"The market is pricing in a higher risk of silver import tariffs than gold."
Platinum rose 1.4% to $959.73 an ounce, and palladium rose 2% to $981.51 an ounce.
Gold Price Forecast
Previously, the trend of gold prices was quite clear to continue to increase in 2025 when the USD was in a downtrend. However, the outlook for the precious metal is assessed to be able to change after the appearance of China's DeepSeek.
However, the Trump administration is making strong moves in the digital asset space, which could be a factor in the decline of the USD, thereby pushing up gold prices.
President Trump has just issued an executive order to “strengthen US leadership in digital financial technology.” Over the next six months, it is likely that the US national digital asset reserve will increase in cryptocurrencies, including Bitcoin.
Some forecasts still predict that gold prices will reach $3,000 an ounce by the end of this year.