Gold price this afternoon February 7, 2025: Gold price increased simultaneously on God of Wealth day
Gold price this afternoon February 7, 2025: Domestic gold prices increased simultaneously on the day of God of Wealth, the increase was up to 700 thousand VND. World gold prices decreased slightly but remained at a high level of 2,865.9 USD/ounce
Domestic gold price this afternoon February 7, 2025
As of 2:00 p.m. today, February 7, 2025, gold shops have simultaneously adjusted prices up on the day of God of Wealth, the price of gold bars and plain round gold rings has the strongest increase of 700,000 VND for buying.
At Saigon Jewelry Company (SJC), the price of gold bars was listed at VND86.8 million/tael (buy) and VND90.3 million/tael (sell). An increase of VND400,000/tael in buying price - an increase of VND700,000/tael in selling price compared to the closing price of yesterday's trading session.
DOJI system listed SJC gold at buying price of 86.8 million VND/tael and selling price of 90.3 million VND/tael. This price increased by 400 thousand VND/tael for buying and 700 thousand VND/tael for selling compared to yesterday.
At Mi Hong Jewelry Company, the buying price of SJC gold is 86.8 million VND/tael and the selling price is 88.8 million VND/tael. Thus, compared to yesterday's session, the buying price increased by 200 thousand VND/tael and the selling price increased by 200 thousand VND/tael.
Bao Tin Minh Chau Company Limited listed the price of SJC gold at 86.8 million VND/tael (buy) and 90.3 million VND/tael (sell). This price increased by 400 thousand VND/tael for buying and 700 thousand VND/tael for selling compared to yesterday.
| Today (February 7, 2025) | Yesterday (February 6, 2025) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 86,800▲400 | 90,300▲700 | 86,400 | 89,600 |
| DOJI Hanoi | 86,800▲400 | 90,300▲700 | 86,400 | 89,600 |
| DOJI SG | 86,800▲400 | 90,300▲700 | 86,400 | 89,600 |
| BTMC SJC | 86,800▲400 | 90,300▲700 | 86,400 | 89,600 |
| Phu Quy SJC | 86,800▲300 | 90,300▲500 | 86,500 | 89,800 |
| PNJ HCMC | 86,700 | 90,100▲600 | 86,700 | 89,500 |
| PNJ Hanoi | 86,700 | 90,100▲600 | 86,700 | 89,500 |
| 1.DOJI- Updated: 2/7/2025 2:00 PM - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 86,800▲400K | 90,300▲700K |
| AVPL/SJC HCM | 86,800▲400K | 90,300▲700K |
| AVPL/SJC DN | 86,800▲400K | 90,300▲700K |
| Raw material 9999 - HN | 86,600▲400K | 89,400▲700K |
| Raw materials 999 - HN | 86,500▲400K | 89,300▲700K |
| AVPL/SJC Can Tho | 86,800▲400K | 90,300▲700K |
| 2.PNJ- Updated: 2/7/2025 2:00 PM - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 86,700 | 90,100▲600K |
| HCMC - SJC | 86,800▲400K | 90,300▲700K |
| Hanoi - PNJ | 86,700 | 90,100▲600K |
| Hanoi - SJC | 86,800▲400K | 90,300▲700K |
| Da Nang - PNJ | 86,700 | 90,100▲600K |
| Da Nang - SJC | 86,800▲400K | 90,300▲700K |
| Western Region - PNJ | 86,700 | 90,100▲600K |
| Western Region - SJC | 86,800▲400K | 90,300▲700K |
| Jewelry gold price - PNJ | 86,700 | 90,100▲600K |
| Jewelry gold price - SJC | 86,800▲400K | 90,300▲700K |
| Jewelry gold price - Southeast | PNJ | 86,700 |
| Jewelry gold price - SJC | 86,800▲400K | 90,300▲700K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 86,700 |
| Jewelry gold price - Jewelry gold 999.9 | 86,700 | 89,200▲1100K |
| Jewelry gold price - 999 jewelry gold | 86,610 | 89,110▲1100K |
| Jewelry gold price - 99 jewelry gold | 85,910▼410K | 88,410▲1090K |
| Jewelry gold price - 916 gold (22K) | 79,310▼490K | 81,810▲1010K |
| Jewelry gold price - 750 gold (18K) | 64,550▼280K | 67,050▲820K |
| Jewelry gold price - 680 gold (16.3K) | 58,310▼350K | 60,810▲750K |
| Jewelry gold price - 650 gold (15.6K) | 55,630▼390K | 58,130▲710K |
| Jewelry gold price - 610 gold (14.6K) | 52,060▼430K | 54,560▲670K |
| Jewelry gold price - 585 gold (14K) | 49,830▼460K | 52,330▲640K |
| Jewelry gold price - 416 gold (10K) | 34,760▼640K | 37,260▲460K |
| Jewelry gold price - 375 gold (9K) | 31,100▼690K | 33,600▲410K |
| Jewelry gold price - 333 gold (8K) | 27,090▼730K | 29,590▲370K |
| 3. SJC - Updated: 2/7/2025 2:00 PM - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 86,800▲400K | 90,300▲700K |
| SJC 5c | 86,800▲400K | 90,320▲700K |
| SJC 2c, 1C, 5 phan | 86,800▲400K | 90,330▲700K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 86,800▲400K | 89,800▲400K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 86,800▲400K | 89,900▲400K |
| 99.99% Jewelry | 86,700▲400K | 89,400▲300K |
| 99% Jewelry | 85,514▲297K | 88,514▲297K |
| Jewelry 68% | 57,948▲204K | 60,948▲204K |
| Jewelry 41.7% | 34,433▲125K | 37,433▲125K |
The current buying price of SJC 9999 gold ring is 86.8 million VND/tael and the selling price is 89.8 million VND/tael. An increase of 400 thousand VND/tael in both buying and selling directions compared to the closing price of yesterday's trading session.
For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price dropped sharply to 86.6 million VND/tael and the selling price dropped sharply to 90.3 million VND/tael, an increase of 400 thousand VND per tael for buying - an increase of 700 thousand VND per tael for selling compared to yesterday.
PNJ plain gold rings were bought at 86.7 million VND/tael and sold at 90.1 million VND/tael, unchanged in buying price - increased 600 thousand VND per tael in selling price compared to yesterday.
Today is also the God of Wealth's day (January 10th every year), the day when people often buy gold with the belief of wishing for good luck all year round. Gold prices are also pushed up as every year.
In general, the price of gold on God of Wealth day is following the familiar pattern of decreasing the day before, being pushed up on the day itself and possibly cooling down by the end of the day, or even decreasing deeply in the following days.
Notably, the sharp increase in domestic gold prices mainly attracted buying power on God of Wealth Day. However, the risk for gold buyers lies in the fact that the difference between buying and selling prices of gold bars was pushed very far, up to 3.5 million VND/tael. The reason is that the selling pressure was too strong and gold companies pushed the risk onto buyers because gold prices often dropped sharply after God of Wealth Day.
World gold price this afternoon February 7, 2025
As of 2:00 p.m. on February 7 (Vietnam time), the world gold price continued to decrease slightly by 0.5 USD compared to the previous session to 2,865.9 USD/ounce.
World gold prices have cooled down. The rise in the price of this precious metal is being restrained as the USD rises again.
A stronger greenback, higher yields and some profit-taking weighed on gold ahead of the US jobs report, analysts at RJO Futures said.
The U.S. economy is forecast to have added 170,000 jobs in January 2025 after adding 256,000 in December 2024, according to a Reuters poll. The unemployment rate is forecast to remain unchanged at 4.1%. A recovering labor market is fueling economic growth that is likely to slow the Federal Reserve's rate cuts.
In a forecast sent to the London Bullion Market Association (LBMA), Bernard Dahdah - precious metals analyst at Natixis - said that demand from central banks and renewed investor interest will continue to push gold prices higher in 2025.
“Central bank demand will remain near 2024 levels, with the de-dollarisation trend continuing in countries that are not friendly to the West (mainly due to concerns about freezing Russian assets following the conflict in Ukraine). We also see a return of capital from Western investors, which will help to keep flows into physical gold ETFs positive,” he said.
Looking further into the supply-demand dynamics of the gold market, Dahdah is quite optimistic about this precious metal, forecasting that the price will exceed $3,200/ounce and average around $2,725/ounce this year.