Gold prices this afternoon, February 5, 2025: Gold prices rise, breaking all-time highs.
Gold prices this afternoon, February 5, 2025: Domestic gold prices surged to 91 million VND this afternoon. World gold prices broke all-time highs, reaching a record high of 2852 USD/ounce.
Domestic gold prices this afternoon, February 5, 2025
As of 2 PM today, February 5th, 2025, gold prices have been sharply adjusted upwards, with SJC gold and plain round gold rings rising to 91 million VND for the selling price.
At Saigon Jewelry Company (SJC), the price of gold bars is listed at 88 million VND/ounce (buying price) and 91 million VND/ounce (selling price). This represents an increase of 400,000 VND/ounce in the buying price and 900,000 VND/ounce in the selling price compared to the close of yesterday's trading session.
DOJI's system listed SJC gold at a buying price of 88 million VND/ounce and a selling price of 91 million VND/ounce. This represents an increase of 400,000 VND/ounce in the buying price and 900,000 VND/ounce in the selling price compared to yesterday.
At Mi Hong Gold and Gemstone Company, the buying price of SJC gold is 88 million VND/ounce and the selling price is 89.5 million VND/ounce. Thus, compared to yesterday's session, the buying price increased by 400,000 VND/ounce and the selling price increased by 500,000 VND/ounce.
Bao Tin Minh Chau Co., Ltd. listed the price of SJC gold at 88 million VND/ounce (buying price) and 91 million VND/ounce (selling price). This price increased by 400,000 VND/ounce in the buying price and 900,000 VND/ounce in the selling price compared to yesterday.
| Today (February 5, 2025) | Yesterday (February 4, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 88,000▲400 | 91,000900 | 87,600 | 90,100 |
| DOJI HN | 88,000▲400 | 91,000900 | 87,600 | 90,100 |
| DOJI SG | 88,000▲400 | 91,000900 | 87,600 | 90,100 |
| BTMC SJC | 88,000▲400 | 91,000900 | 87,600 | 90,100 |
| Phu Quy SJC | 88,000▲400 | 91,000900 | 87,600 | 90,100 |
| PNJ Ho Chi Minh City | 88,000▲400 | 91,000900 | 87,600 | 90,100 |
| PNJ Hanoi | 88,000▲400 | 91,000900 | 87,600 | 90,100 |
| 1.DOJI- Updated: 5/2/2025 14:00 - Website time of the supplier - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 88,000400K | 91,000900K |
| AVPL/SJC HCM | 88,000400K | 91,000900K |
| AVPL/SJC DN | 88,000400K | 91,000900K |
| Ingredients 9999 - HN | 88,200200K | 90,100▲1000K |
| Ingredients 999 - HN | 88,100200K | 90,000▲1000K |
| AVPL/SJC Can Tho | 88,000400K | 91,000900K |
| 2.PNJ- Updated: 5/2/2025 14:00 - Website time of the supplier - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| Ho Chi Minh City - PNJ | 88,200▼100K | 90,700800K |
| Ho Chi Minh City - SJC | 88,000400K | 91,000900K |
| Hanoi - PNJ | 88,200▼100K | 90,700800K |
| Hanoi - SJC | 88,000400K | 91,000900K |
| Da Nang - PNJ | 88,200▼100K | 90,700800K |
| Da Nang - SJC | 88,000400K | 91,000900K |
| Western Region - PNJ | 88,200▼100K | 90,700800K |
| Western Region - SJC | 88,000400K | 91,000900K |
| Gold jewelry prices - PNJ | 88,200▼100K | 90,700800K |
| Gold jewelry prices - SJC | 88,000400K | 91,000900K |
| Gold jewelry prices - Southeast Vietnam | PNJ | 88,200▼100K |
| Gold jewelry prices - SJC | 88,000400K | 91,000900K |
| Gold jewelry prices - Gold jewelry prices | PNJ Plain Ring 999.9 | 88,200▼100K |
| Gold jewelry prices - 999.9 gold jewelry | 88,200100K | 89,600100K |
| Gold jewelry prices - 999 gold jewelry | 88,110100K | 89,510100K |
| Gold jewelry prices - 99% pure gold jewelry | 87,80090K | 88,80090K |
| Jewelry gold price - 916 (22K) gold | 81,17090K | 82,17090K |
| Jewelry gold price - 750 (18K) gold | 65,95070K | 67,35070K |
| Jewelry gold price - 680 gold (16.3K) | 59,68070K | 61,08070K |
| Jewelry gold price - 650 gold (15.6K) | 56,99060K | 58,39060K |
| Jewelry gold price - 610 gold (14.6K) | 53,41060K | 54,81060K |
| Jewelry gold prices - 585 Gold (14K) | 51,17060K | 52,57060K |
| Jewelry gold price - 416 Gold (10K) | 36,02040K | 37,42040K |
| Jewelry gold price - 375 (9K) gold | 32,35040K | 33,75040K |
| Jewelry gold price - 333 Gold (8K) | 28,32030K | 29,72030K |
| 3. SJC - Update: 5/2/2025 14:00 - Time on source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 88,000400K | 91,000900K |
| SJC 5c | 88,000400K | 91,020900K |
| SJC 2c, 1C, 5 phân | 88,000400K | 91,030900K |
| SJC 99.99 gold rings, 1 tael, 2 taels, 5 taels. | 88,000400K | 90,500900K |
| SJC 99.99 gold rings, 0.3 tael, 0.5 tael | 88,000400K | 90,600900K |
| 99.99% Authentic Jewelry | 88,000400K | 90,300900K |
| 99% Jewelry | 86,905▲891K | 89,405▲891K |
| Jewelry 68% | 58,560▲612K | 61,560▲612K |
| Jewelry 41.7% | 34,808375K | 37,808375K |
The current buying price for SJC 9999 gold rings is 88 million VND/ounce and the selling price is 90.5 million VND/ounce. This represents an increase of 400,000 VND/ounce in the buying price and 900,000 VND/ounce in the selling price compared to the close of yesterday's trading session.
For Hung Thinh Vuong 9999 gold rings (DOJI), the buying price increased sharply to 88.2 million VND/ounce and the selling price increased sharply to 91 million VND/ounce, an increase of 200,000 VND per ounce for buying and 1 million VND per ounce for selling compared to yesterday.
PNJ plain gold rings are being bought at 88.2 million VND/ounce and sold at 90.7 million VND/ounce, a decrease of 100,000 VND per ounce in the buying price and an increase of 800,000 VND per ounce in the selling price compared to yesterday.
World gold prices this afternoon, February 5, 2025
On the international market, the price of gold broke its all-time high, reaching a record high of $2852 per ounce. This represents an increase of approximately $40 per ounce compared to the end of February 4th, equivalent to 87.23 million VND per tael (approximately 37.75 grams) when converted using the Vietcombank selling exchange rate.
The market rose as investors bought safe-haven assets amid escalating US-China trade tensions. On February 4th, minutes after the 10% import tariff that the US imposed on all Chinese goods went into effect, Beijing also announced retaliatory tariffs, an antitrust investigation into Google, and placed two US companies on a blacklist potentially subject to sanctions.
The US dollar's decline following China's announcement of retaliatory tariffs on US goods further supported the upward trend in gold prices.
However, according to experts, tariffs could also lead to higher inflation and interest rates in the US, causing the US dollar to appreciate. This is a major obstacle to the potential for gold prices to rise further.
Given the unpredictable nature of the Trump administration 2.0, coupled with the possibility that central banks may continue to net buy gold to diversify their reserves away from the US dollar, experts predict that the price of gold could reach $3,000 per ounce this year.
In an interview with Kitco News, Joy Yang, Global Head of Index Product Management at MarketVector, said that even though gold prices have reached a record high above $2,800 per ounce, the precious metal could still rise higher due to ongoing geopolitical instability.
However, geopolitical instability isn't the only factor driving gold prices. Joy Yang says gold will also become an important asset for portfolio diversification as investors continue to adjust their expectations in the technology sector following China's announcement of a cheaper AI product.
She emphasized that, with stock valuations at historical highs, investors have become more cautious, thus increasing demand for safe-haven assets like gold.
"When you don't know what's going to happen, you want to turn to an asset that's unaffected by surprises and other influencing factors – and that's gold. This metal tends to move in its own way, and that's a good thing," Yang observed.
She also emphasized that gold is an important safe-haven asset because of the buying pressure from central banks, which is the main driver behind the rise in gold prices in 2024. Yang expects central banks to continue increasing their gold holdings.