Not yet cooled down after God of Wealth day

Gold price this afternoon February 8, 2025: World gold price is still high, while SJC gold bar and gold ring prices are both fluctuating around 90 million VND/tael.

Domestic gold price this afternoon

At the time of survey at 1:00 p.m. on February 8, 2025, the price of gold bars on the trading floors of some companies was listed as follows:

The price of SJC gold was listed by Saigon Jewelry Company (SJC) at 86.8-90.3 million VND/tael (buy - sell); an increase of 400,000 VND/tael for buying and 700,000 VND/tael for selling compared to the beginning of the previous trading session. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 3.5 million VND/tael.

Meanwhile, the price of SJC gold bars was listed by DOJI Group at 86.8-90.3 million VND/tael (buy - sell); an increase of 400,000 VND/tael for buying and 700,000 VND/tael for selling compared to the previous trading session. The difference between the buying and selling prices of SJC gold at DOJI Group was 3.5 million VND/tael.

Bao Tin Minh Chau listed the price of SJC gold bars at 86.8-90.25 million VND/tael (buy - sell); an increase of 400,000 VND/tael for buying and 700,000 VND/tael for selling compared to the beginning of the previous trading session. The difference between the buying and selling prices of SJC gold at Bao Tin Minh Chau was at 3.45 million VND/tael.

Gold price this afternoon February 8, 2025. Photo PC

Meanwhile, Saigon Jewelry Company - SJC increased by 300,000 VND compared to yesterday morning, bringing the buying price to 86.8 million VND, selling price to 89.8 million VND. The difference between buying and selling price of gold rings at SJC is still high at 3 million VND/tael.

The price of 9999 Hung Thinh Vuong round gold ring at DOJI is listed at 86.6-90.3 million VND/tael (buy - sell); an increase of 400,000 VND/tael for buying and an increase of 700,000 VND/tael for selling compared to the beginning of yesterday's trading session.

The difference between buying and selling price of 9999 Hung Thinh Vuong round gold ring at DOJI is 3.7 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 86.8-90.25 million VND/tael (buy - sell), an increase of 400,000 VND/tael for buying and 700,000 VND/tael for selling compared to the beginning of yesterday's trading session. The difference between buying and selling is at 3.45 million VND/tael.

1. DOJI - Updated: 02/07/2025 09:23 - Time of the source website - ▼ / ▲ Compared to yesterday.
Type	Buy	Sell
AVPL/SJC HN	86,800	90,300
AVPL/SJC HCM	86,800	90,300
AVPL/SJC DN	86,800	90,300
Raw material 9999 - HN	86,600	89,400
Raw material 999 - HN	86,500	89,300
AVPL/SJC Can Tho	86,800	90,300

2. PNJ - Updated: 01/01/1970 08:00 - Website time of supply source - ▼ / ▲ Compared to yesterday.
Type	Buy	Sell
HCMC - PNJ	86,700	90,100
HCMC - SJC	86,800	90,300
Hanoi - PNJ	86,700	90,100
Hanoi - SJC	86,800	90,300
Da Nang - PNJ	86,700	90,100
Da Nang - SJC	86,800	90,300
Western Region - PNJ	86,700	90,100
Western Region - SJC	86,800	90,300
Jewelry gold price - PNJ	86,700	90,100
Jewelry gold price - SJC	86,800	90,300
Jewelry gold price - Southeast	PNJ	86,700
Jewelry gold price - SJC	86,800	90,300
Jewelry gold price - Jewelry gold price	PNJ 999.9 Plain Ring	86,700
Jewelry gold price - Jewelry gold 999.9	86,700	89,200
Jewelry gold price - Jewelry gold 999	86,610	89,110
Jewelry gold price - Jewelry gold 99	85,910	88,410
Jewelry gold price - 916 gold (22K)	79,310	81,810
Jewelry gold price - 750 gold (18K)	64,550	67,050
Jewelry gold price - 680 gold (16.3K)	58,310	60,810
Jewelry gold price - 650 gold (15.6K)	55,630	58,130
Jewelry gold price - 610 gold (14.6K)	52,060	54,560
Jewelry gold price - 585 gold (14K)	49,830	52,330
Jewelry gold price - 416 gold (10K)	34,760	37,260
Jewelry gold price - 375 gold (9K)	31,100	33,600
Jewelry gold price - 333 gold (8K)	27,090	29,590

3. AJC - Updated: 07/02/2025 00:00 - Source website time - ▼ / ▲ Compared to yesterday.
Type	Buy	Sell
Jewelry 99.99	8,590	9,010
99.9 Jewelry	8,580	9,000
NL 99.99	8,590
Round ring not sealed in blister T.Binh	8,580
Round, 3A, Yellow T.Bình	8,680	9,020
Round, 3A, Yellow N.An	8,680	9,020
Round N., 3A, Yellow Street, Hanoi	8,680	9,020
SJC Thai Binh pieces	8,680	9,030
SJC Nghe An pieces	8,680	9,030
SJC Hanoi Piece	8,680	9,030

At the close of trading on February 7, spot gold prices increased by 0.2% to 2,861.46 USD/ounce. US gold futures prices increased by 0.36% to 2,866.4 USD/ounce.

In a newly published macro report, the Global Economics and Market Research Department, UOB Bank (Singapore) said that the gold market is witnessing remarkable developments.

Since the beginning of the year, physical gold deliveries to COMEX have surged, along with a sharp increase in physical gold inventories at the exchange. At the same time, the price gap between the nearest month gold futures contract and the LBMA gold price compared to the spot price has also widened.

Industry reports also indicate that the amount of physical gold being transported from London, Europe and other parts of Asia to New York is increasing. Combining these factors, it can be seen that the demand for physical gold in the US is increasing significantly in the context of escalating trade conflicts between the US and major partners.

This development reinforces UOB’s view that safe-haven demand for gold is increasing, not only from central banks to build up their reserves but also from retail investors globally. Importantly, safe-haven demand for gold is also helping the precious metal avoid negative pressure from the strong US dollar. Thanks to last year’s strong rally, gold prices have continued to rise this year, from $2,650 an ounce in early January to a new record high of $2,820 an ounce.

The latest signs of rising safe-haven demand for gold further reinforce our positive outlook. UOB Global Economics and Markets Research maintains its forecast for gold prices to reach US$3,000/oz by end-2025.

Meanwhile, a report from the US Labor Department showed the world's largest economy added 143,000 jobs in January, lower than economists' forecast of 170,000 jobs, and the unemployment rate stood at 4%, compared with expectations of 4.1%.

Bart Melek, head of commodity strategy at TD Securities, said wage growth and slowing job creation are challenging the Federal Reserve's ability to adjust interest rates, creating a situation with many advantages but also complex.

Chicago Fed President Austan Goolsbee said a strong economy with low unemployment and falling inflation would allow the Fed to cut interest rates. However, he noted that Fed officials would have to be cautious given the uncertainty over President Trump's tariff policies.

Reference addresses of popular gold shops in Hanoi:

1. Bao Tin Minh Chau - 15 - 29 Tran Nhan Tong, Bui Thi Xuan, Hai Ba Trung, Hanoi

2. DOJI Gold and Gemstone Company - 5 Le Duan, Dien Bien, Ba Dinh, Hanoi

3. SJC store chain in the Northern region - 18 Tran Nhan Tong, Nguyen Du Ward, Hai Ba Trung District, Hanoi City

4. PNJ store chain in the Northern region - 222 Tran Duy Hung, Trung Hoa, Cau Giay, Hanoi

5. Phu Quy Gold and Silver - No. 30 Tran Nhan Tong, Hai Ba Trung, Hanoi

6. Ngoc Anh Gold and Silver – No. 47 Lo Duc, Pham Dinh Ho, Hai Ba Trung, Hanoi

7. Gold Quy Tung – No. 102 Khuong Dinh, Thanh Xuan, Hanoi

8. Bao Tin Lan Vy - No. 84A, Tran Duy Hung, Cau Giay, Hanoi

9. Hoang Anh Gold and Silver – No. 43 Thai Thinh, Dong Da, Hanoi

10. Huy Thanh Jewelry - No. 23/100 (old number: No. 30A, lane 8), Doi Can, Ba Dinh, Hanoi

Reference addresses of popular gold shops in Ho Chi Minh City: