Gold price today 23/2/2025, gold price surprised, turning down from all-time high. However, the precious metal had a surprising week, fueled by uncertainty in an unpredictable world with conflicts, US President Donald Trump's tariff war and investors' "fear of missing out". Gold price followed suit and fell.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 90,100 | 91,700 |
| HCMC - SJC | 89,400 | 91,700 |
| Hanoi - PNJ | 90,100 | 91,700 |
| Hanoi - SJC | 89,400 | 91,700 |
| Da Nang - PNJ | 90,100 | 91,700 |
| Da Nang - SJC | 89,400 | 91,700 |
| Western Region - PNJ | 90,100 | 91,700 |
| Western Region - SJC | 89,400 | 91,700 |
| Jewelry gold price - PNJ | 90,100 | 91,700 |
| Jewelry gold price - SJC | 89,400 | 91,700 |
| Jewelry gold price - Southeast | PNJ | 90,100 |
| Jewelry gold price - SJC | 89,400 | 91,700 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 90,100 |
| Jewelry gold price - Jewelry gold 999.9 | 89,000 | 91,500 |
| Jewelry gold price - Jewelry gold 999 | 88,910 | 91,410 |
| Jewelry gold price - Jewelry gold 99 | 88,190 | 90,690 |
| Jewelry gold price - 916 gold (22K) | 81,410 | 83,910 |
| Jewelry gold price - 750 gold (18K) | 66,280 | 68,780 |
| Jewelry gold price - 680 gold (16.3K) | 59,870 | 62,370 |
| Jewelry gold price - 650 gold (15.6K) | 57,130 | 59,630 |
| Jewelry gold price - 610 gold (14.6K) | 53,470 | 55,970 |
| Jewelry gold price - 585 gold (14K) | 51,180 | 53,680 |
| Jewelry gold price - 416 gold (10K) | 35,710 | 38,210 |
| Jewelry gold price - 375 gold (9K) | 31,960 | 34,460 |
| Jewelry gold price - 333 gold (8K) | 27,850 | 30,350 |
Update gold price today 23/2/2025
Domestic gold prices increased sharply last week.
Opening the first session of the week on February 17, domestic gold ring and gold bar prices increased slightly.
Specifically, Saigon Jewelry Company (SJC) and DOJI Jewelry Group listed the selling price of SJC gold bars at VND87.6 - 90.6 million/tael (buy - sell), an increase of VND300,000/tael in both buying and selling prices compared to the previous session's close.
Similarly, the price of gold rings also increased slightly. Saigon Jewelry Company (SJC) listed the price of gold rings at VND87.6 - 90.4 million/tael (buy - sell); an increase of VND300,000/tael in both buying and selling compared to the previous session's close.
After 3 strong mid-week sessions, exceeding 92 million VND/tael in the selling price, by the morning session of February 21, the domestic gold price was stable.
Specifically, Saigon Jewelry Company (SJC) and DOJI Jewelry Group listed the selling price of SJC gold bars at 90 - 92.3 million VND/tael (buy - sell), keeping the listed price in both directions of buying - selling compared to the closing price of February 20.
Similarly, the price of gold rings also remained unchanged. Saigon Jewelry Company (SJC) listed the price of gold rings at VND89.9 - 92 million/tael (buy - sell); keeping the listed price for both buying and selling unchanged compared to the closing price on February 20.
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| Gold price today February 23, 2025: Gold price suddenly 'turned around', marking an astonishing week, gold ring price surpassed SJC gold bar price. (Source: Kitco News) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of February 22:
Saigon Jewelry Company SJC: SJC gold bars 89.4 - 91.7 million VND/tael; SJC gold rings 89.3 - 91.7 million VND/tael.
DOJI Group: SJC gold bars 89.4 - 91.7 million VND/tael; 9999 round rings (Hung Thinh Vuong) 90.0 - 91.7 million VND/tael.
PNJ system: SJC gold bars 89.4 - 91.7 million VND/tael; PNJ 999.9 plain gold rings at 90.1 - 91.7 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 89.6 - 91.7 million VND/tael; Phu Quy 999.9 round gold rings: 90.1 - 91.8 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 89.6 - 91.7 million VND/tael; round gold ring price is 90.2 - 91.8 million VND/tael.
Thus, in the domestic market, the price of SJC gold bars and gold rings recorded a downward trend.
According to the World and Vietnam Newspaper , at 5:09 p.m. on February 22 (Vietnam time), the world gold price at Kitco News was at 2,936.3 USD/ounce, down 3.6 USD/ounce compared to the previous trading session.
Converted according to USD price at Vietcombank on February 22, 1 USD = 25,680 VND, world gold price is equivalent to 90.85 million VND/tael.
Despite breaking out of the uptrend and falling at the end of the week, global gold prices still recorded their eighth consecutive week of gains thanks to demand for safe-haven assets amid concerns over US President Donald Trump’s tariff policies. Overall, gold prices rose about 1.9% this week.
Gold prices have risen 11.5% since the beginning of 2025 as uncertainties about global economic growth and the world political situation have boosted demand for holding precious metals.
Gold prices rose for an eighth straight week, pushing the precious metal to an all-time high amid rising global uncertainty and strong central bank buying. The April gold futures contract closed at $2,950 an ounce, securing a weekly gain of $56.30 an ounce, or 1.95%, and hitting an intraday high of $2,973.40 an ounce on Feb. 20.
Since December 30, 2024, gold has shown remarkable strength, accumulating an impressive gain of around $300 per ounce. This rally has been particularly notable in recent days, with prices stabilizing near record levels. The precious metal’s sustained rally is largely due to increased safe-haven demand, fueled by geopolitical tensions and policy uncertainty.
Philip Newman , managing director at precious metals consultancy Metals Focus, noted: "High safe-haven demand due to President Trump's tariff strategy and recent developments in Ukraine have supported much of the recent gold price gains."
Market concerns have been heightened by Trump’s controversial statements regarding Ukrainian President Volodymyr Zelensky and the conflict in that country, which have strained relations between the US and several European countries. In addition, while the tariffs he threatened to impose on Canada and Mexico have been temporarily suspended following agreements in early February, the broader implications of his trade policies continue to weigh on market sentiment.
These concerns were reflected in a decline in US consumer confidence, as measured by the University of Michigan's consumer sentiment index, in February, as Americans grew increasingly worried about the potential impact of tariffs on consumer prices.
“The strong momentum in gold’s rally and ‘fear of missing out’ is being fuelled by persistent end-user demand from central banks and retail investors seeking protection in an increasingly uncertain world,” Saxo Bank analyst Ole Hansen commented.
This sentiment was underscored by significant inflows into bullion-backed exchange-traded funds, with the world’s largest gold ETF posting its biggest weekly increase in holdings since 2023, adding more than 20 tonnes in just three trading days.
The combination of increased central bank reserve purchases, strong institutional investor interest and persistent geopolitical uncertainty shows gold's appeal as a strong safe-haven asset, which is likely to support further gains in gold prices.
Experts say it has been an incredible week for the gold market as prices hit record highs. With this momentum, analysts say it is only a matter of time before prices hit $3,000 an ounce.
The question is, what happens next? $3,000/ounce has become a psychologically important level, meaning it could take some time to break above resistance as traders take profits at these highs.
Gold saw a similar rally in 2020 when it attempted to hit $2,000 an ounce for the first time. While there was some momentum, it wasn’t enough to make a sustainable breakthrough. It took four years and three tests of that resistance level before $2,000 an ounce was broken.
In another example, in 2008, gold rose for three years, peaking at just over $1,900 an ounce in 2011. However, by 2013, gold fell, then consolidated for the next five years.
“I don’t want to dampen anyone’s enthusiasm, but I think it’s important to manage expectations,” said Kitco News analyst Neils Christensen .
Source: https://baoquocte.vn/gia-vang-hom-nay-2322025-gia-vang-bat-ngo-quay-xe-danh-dau-mot-tuan-gay-kinh-ngac-gia-vang-nhan-vuot-mat-vang-mieng-sjc-305269.html
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