Gold price 'skyrockets', fear when US President Trump threatens to impose 'reciprocal' tax, gold rings jump

Báo Quốc TếBáo Quốc Tế10/02/2025

Gold price today 11/2/2025, Gold price increased sharply, will maintain the upward trend as US President Donald Trump's policy threats continue to cause fear and instability in global financial markets. Can see immediate profit taking. Gold ring price jumped.


1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - / Compared to yesterday.
Type Buy Sell
HCMC - PNJ 88,300 ▲1600K 91,100 ▲1000K
HCMC - SJC 88,300 ▲1500K 91,300 ▲1000K
Hanoi - PNJ 88,300 ▲1600K 91,100 ▲1000K
Hanoi - SJC 88,300 ▲1500K 91,300 ▲1000K
Da Nang - PNJ 88,300 ▲1600K 91,100 ▲1000K
Da Nang - SJC 88,300 ▲1500K 91,300 ▲1000K
Western Region - PNJ 88,300 ▲1600K 91,100 ▲1000K
Western Region - SJC 88,300 ▲1500K 91,300 ▲1000K
Jewelry gold price - PNJ 88,300 ▲1600K 91,100 ▲1000K
Jewelry gold price - SJC 88,300 ▲1500K 91,300 ▲1000K
Jewelry gold price - Southeast PNJ 88,300 ▲1600K
Jewelry gold price - SJC 88,300 ▲1500K 91,300 ▲1000K
Jewelry gold price - Jewelry gold price PNJ 999.9 Plain Ring 88,300 ▲1600K
Jewelry gold price - Jewelry gold 999.9 88,300 ▲1600K 90,800 ▲1600K
Jewelry gold price - Jewelry gold 999 88,210 ▲1600K 90.710 ▲1600K
Jewelry gold price - Jewelry gold 99 87,490 ▲1580K 89,990 ▲1580K
Jewelry gold price - 916 gold (22K) 80,770 ▲1460K 83,270 ▲1460K
Jewelry gold price - 750 gold (18K) 65,750 ▲1200K 68,250 ▲1200K
Jewelry gold price - 680 gold (16.3K) 59,390 ▲1080K 61,890 ▲1080K
Jewelry gold price - 650 gold (15.6K) 56,670 ▲1040K 59,170 ▲1040K
Jewelry gold price - 610 gold (14.6K) 53,040 ▲980K 55,540 ▲980K
Jewelry gold price - 585 gold (14K) 50,770 ▲940K 53,270 ▲940K
Jewelry gold price - 416 gold (10K) 35,420 ▲660K 37,920 ▲660K
Jewelry gold price - 375 gold (9K) 31,700 ▲600K 34,200 ▲600K
Jewelry gold price - 333 gold (8K) 27,610 ▲520K 30,110 ▲520K

Update gold price today 11/2/2025

Domestic gold price skyrocketed on the morning of February 10

Domestic gold price remains above 90 million VND/tael, businesses adjust strongly in buying direction.

Specifically, Saigon Jewelry Company (SJC) and DOJI Jewelry Group announced the selling price of SJC gold bars at 87.3 - 90.3 million VND/tael (buy - sell), an increase of 500 thousand VND/tael for buying and keeping the listed price for selling unchanged compared to the previous closing price.

Similarly, the price of gold rings also increased in the buying direction, but remained unchanged in the selling direction. At Bao Tin Minh Chau Company, the price of gold rings was at 87.3 - 90.25 million VND/tael (buying - selling), an increase of 500 thousand VND/tael in the buying direction and remained the same in the selling direction compared to the closing price at the end of last week.

Saigon Jewelry Company (SJC) announced the price of gold rings at 87.3 - 90 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in the buying direction and keeping the listed price in the selling direction unchanged compared to the closing price last weekend.

Giá vàng hôm nay 11/2/2025
Gold price today February 11, 2025: Gold price 'skyrockets', fear when US President Trump threatens to impose 'reciprocal' tax, gold rings jump. (Source: RIA)

Summary of gold prices at major domestic trading brands at closing times on the afternoon of February 10:

Saigon Jewelry Company SJC: SJC gold bars 88.3 - 91.3 million VND/tael; SJC gold rings 88.0 - 90.7 million VND/tael.

DOJI Group: SJC gold bars 88.3 - 91.3 million VND/tael; 9999 round rings (Hung Thinh Vuong) 88.3 - 90.1 million VND/tael.

PNJ system: SJC gold bars 88.3 - 91.3 million VND/tael; PNJ 999.9 plain gold rings: 88.3 - 91.1 million VND/tael.

Phu Quy Gold and Silver Group: SJC gold bars 88.3 - 91.3 million VND/tael; Phu Quy 999.9 round gold rings: 88.4 - 91.2 million VND/tael.

The price of SJC gold at Bao Tin Minh Chau is listed at 88.3 - 91.3 million VND/tael. The price of round gold rings at Vang Rong Thang Long is listed at 88.85 - 91.25 million VND/tael.

Thus, compared to the morning session of February 10, at the end of the afternoon session of the same day, in the domestic market, the price of gold bars and gold rings tended to increase sharply, an increase of about 1,000 thousand VND/tael.

According to the World & Vietnam Newspaper , information on Kitco News , as of 8:20 p.m. Vietnam time on February 10, the world gold price was listed at 2,906.8 USD/ounce, an increase of 45.7 USD/ounce compared to the previous trading session.

Converted according to USD price at Vietcombank on February 10, 1 USD = 25,560 VND, world gold price is equivalent to 89.52 million VND/tael.

World gold price increased vertically

Gold prices rose more than 1% on Monday to a record high, as safe-haven demand surged on fears of a global trade war after US President Donald Trump announced new tariff plans.

Spot gold rose 1.5% to $2,903.19 an ounce, as of 11:53 GMT, after hitting a record high of $2,905.98 an ounce earlier in the session - its seventh record high this year.

US gold futures also rose 1.5% to $2,929.70 an ounce.

“The precious metal will maintain its bullish trend as long as President Trump’s policy threats continue to cause fear and uncertainty in global financial markets,” said Han Tan , chief market analyst at Exinity Group.

Earlier, on February 9, Mr. Trump announced plans to impose an additional 25% tariff on all steel and aluminum imported into the US. The leader also said that he would announce “reciprocal” tariffs this week, applying the corresponding tariffs to other countries and taking effect immediately.

This week, investors will also focus on US Consumer Price Index (CPI) and Producer Price Index (PPI) data, due later in the week, which could provide insight into the Federal Reserve's (Fed) interest rate trajectory.

Gold is seen as a safe investment in times of economic and geopolitical uncertainty, but higher interest rates reduce the appeal of the non-yielding asset.

"If the upcoming US CPI rises higher than expected, further delaying the Fed's next rate cut, it could prompt some immediate profit-taking in spot gold," said analyst Han Tan.

Fed Governor Adriana Kugler said last Friday that it was "prudent" to keep interest rates unchanged amid stable inflation, a strong labor market and policy uncertainty.

In other markets, gold held in London vaults fell 1.7% month-on-month to 8,535 tonnes, worth $771.6 billion, in January due to a surge in shipments to the United States, the London Bullion Market Association said.

In Asia, at the same session, gold prices increased sharply on February 10, "approaching" the record high set in the previous session.

Kelvin Wong , senior market analyst for the Asia-Pacific region at OANDA, said that global trade tensions are still ongoing and could push gold prices to $2,900 - $2,910 per ounce in the short term.

The possibility of gold also being caught up in the tit-for-tat tariffs is causing turmoil in the physical market, said ANZ senior commodity strategist Daniel Hynes .



Source: https://baoquocte.vn/gia-vang-hom-nay-1122025-gia-vang-boc-dau-tang-so-hai-khi-tong-thong-my-trump-doa-ap-thue-co-di-co-lai-vang-nhan-nhay-vot-303778.html

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