Gold price today February 5, 2025 recorded that the world market is witnessing unprecedented fluctuations when the price of this precious metal continuously sets new records. Domestically, SJV and gold rings are also anchored high.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 88,300 ▲500K | 89,900 ▲400K |
| HCMC - SJC | 87,600 ▼200K | 90,100 ▲300K |
| Hanoi - PNJ | 88,300 ▲500K | 89,900 ▲400K |
| Hanoi - SJC | 87,600 ▼200K | 90,100 ▲300K |
| Da Nang - PNJ | 88,300 ▲500K | 89,900 ▲400K |
| Da Nang - SJC | 87,600 ▼200K | 90,100 ▲300K |
| Western Region - PNJ | 88,300 ▲500K | 89,900 ▲400K |
| Western Region - SJC | 87,600 ▼200K | 90,100 ▲300K |
| Jewelry gold price - PNJ | 88,300 ▲500K | 89,900 ▲400K |
| Jewelry gold price - SJC | 87,600 ▼200K | 90,100 ▲300K |
| Jewelry gold price - Southeast | PNJ | 88,300 ▲500K |
| Jewelry gold price - SJC | 87,600 ▼200K | 90,100 ▲300K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 88,300 ▲500K |
| Jewelry gold price - Jewelry gold 999.9 | 88,100 ▲400K | 89,500 ▲400K |
| Jewelry gold price - Jewelry gold 999 | 88,010 ▲400K | 89,410 ▲400K |
| Jewelry gold price - Jewelry gold 99 | 87,710 ▲400K | 88,710 ▲400K |
| Jewelry gold price - 916 gold (22K) | 81,080 ▲360K | 82,080 ▲360K |
| Jewelry gold price - 750 gold (18K) | 65,880 ▲300K | 67,280 ▲300K |
| Jewelry gold price - 680 gold (16.3K) | 59,610 ▲270K | 61,010 ▲270K |
| Jewelry gold price - 650 gold (15.6K) | 56,930 ▲260K | 58,330 ▲260K |
| Jewelry gold price - 610 gold (14.6K) | 53,350 ▲250K | 54,750 ▲250K |
| Jewelry gold price - 585 gold (14K) | 51,110 ▲240K | 52,510 ▲240K |
| Jewelry gold price - 416 gold (10K) | 35,980 ▲160K | 37,380 ▲160K |
| Jewelry gold price - 375 gold (9K) | 32,310 ▲150K | 33,710 ▲150K |
| Jewelry gold price - 333 gold (8K) | 28,290 ▲140K | 29,690 ▲140K |
Update gold price today 2/5/2025
Domestic gold prices recorded a sharp increase in SJC gold bars and gold rings, surpassing the 90 million VND/tael mark.
On the morning session of February 4, SJC Company bought SJC gold bars for 88.1 million VND/tael and sold for 90.6 million VND/tael - an increase of 800,000 VND compared to the end of yesterday.
By the end of the session, SJC gold prices fluctuated in opposite directions at most brands, increasing by 300,000 VND in selling price and decreasing by 200,000 VND in buying price, trading at 87.6 - 90.1 million VND/tael.
Meanwhile, the price of SJC 1-5 chi gold rings was listed at 87.6-89.6 million VND/tael (buy - sell), an increase of 100 thousand VND/tael for buying and 400 thousand VND/tael for selling compared to the closing price of the trading session on February 3.
The price of 9999 gold rings at Doji closed the session at 88-90 million VND/tael, down 100,000 VND per tael for buying but up 500,000 VND per tael for selling.
World gold prices traded near record highs in the afternoon trading session on February 4 due to the need to preserve assets amid market concerns about escalating trade tensions between the US and China.
According to the World and Vietnam Newspaper at 6:00 p.m. on February 4, the world gold price on the Kitco exchange was at 2,813 - 2,814 USD/ounce, down slightly by 1.3 USD compared to the previous trading session.
China announced it would impose a 15% tariff on US coal and liquefied natural gas and a 10% tariff on crude oil starting on February 10 in quick response to the new US tariffs.
The move adds to trade tensions between the world’s two largest economies even as U.S. President Donald Trump suggested a delay in imposing tariffs on Mexico and Canada. If tariffs are imposed or discussed further, markets could be more volatile and gold could benefit as a safe haven despite a stronger dollar, analysts said.
Investors are also awaiting important reports on the US labor market, including the ADP employment report due on February 5 and the January 2025 employment report on February 7.
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| Gold price today February 5, 2025: Gold price fluctuates like never before, a series of factors increase momentum, gold rings 'fly like the wind'. (Source: Shutterstock) |
Summary of gold prices at major domestic trading brands at closing times on the afternoon of February 4:
Saigon Jewelry Company SJC: SJC gold bars 87.6 - 90.1 million VND/tael.
DOJI Group: SJC gold bars 87.6 - 90.1 million VND/tael.
PNJ system: SJC gold bars 87.6 - 90.1 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 87.6 - 90.1 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 88.1 - 90.1 million VND/tael.
Gold has the potential to rise to $3,000/ounce?
The global gold market is witnessing unprecedented fluctuations as the price of this precious metal continuously sets new records in late January and early February 2025. This increase raises many questions about the growth momentum and prospects of the market in 2025.
According to experts, the rise of precious metals is not just a temporary phenomenon but the result of a series of intertwined factors, including politics, economics and finance.
One of the main reasons is the growing concern over US President Donald Trump’s tariff policies. This move has created a wave of uncertainty in international trade, causing investors to rush to gold as a safe-haven asset. This has caused a surge in demand for gold and pushed the price of this precious metal to new highs.
Not only trade tensions, but also the instability in the monetary policy of the US Federal Reserve (Fed) contributed to the increase in gold prices.
With Fed Chairman Jerome Powell signaling “no rush to cut interest rates,” contradicting President Trump’s call for lower interest rates, the market has become even more volatile, making gold an attractive investment option.
In addition, signs of rising inflation in the US, reflected in rising consumer spending data, reinforce the view that gold is an effective risk-hedging investment channel.
Historically, gold has been a preferred investment during times of economic uncertainty. The price of the precious metal has increased by about 77% over the past five years, and by 564% over the past two decades.
Demand from central banks remains strong, especially China, which is also a factor that cannot be ignored. This is driving the long-term price rally.
Forecasting the future rise of precious metals, Mr. Nigel Green, CEO of deVere Group, predicted that gold prices will continue to increase amid increasing uncertainty, and recommended investors to diversify their investment portfolios by increasing their gold holdings.
Goldman Sachs also shares the same view when predicting that gold prices could reach $3,000/ounce by the end of 2025, although this forecast was made before Mr. Trump's tariff moves.
Meanwhile, JPMorgan strategists also forecast that the average gold price in 2025 will reach $2,950/ounce and has the potential to increase to $3,000/ounce.
However, there are also conflicting opinions.
For example, expert Emma Wall from British financial services company Hargreaves Lansdown predicts that gold will hold its price, but is unlikely to see a breakthrough increase.
Some other experts also commented that the instability and unpredictable policies of the US government could cause many fluctuations in gold prices in 2025.
Source: https://baoquocte.vn/gia-vang-hom-nay-522025-gia-vang-bien-dong-chua-tung-co-loat-yeu-to-keo-da-tang-vang-nhan-phi-nhu-bay-truoc-ngay-via-than-tai-303119.html
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