Today's gold price, February 19, 2025, domestically, SJC gold bars jumped to 92 million VND/tael (sold) and rings to nearly 92 million VND, an increase of more than 1 million VND per tael overnight. World gold prices have skyrocketed and are still conquering new peaks.
At 8:59 a.m. today (February 19, Vietnam time), the world spot gold price was at 2,940.1 USD/ounce, regaining the record level set last week.
Domestic gold ring prices early this morning were adjusted to increase sharply following world gold prices.
Saigon Jewelry Company (SJC) early this morning raised the price of gold rings of type 1-5 to only 89.4-91.5 million VND/tael (buy - sell), an increase of 800 thousand VND per tael for buying and 600 thousand VND per tael more expensive for selling compared to the end of yesterday's trading session.
At 9:04 a.m., the price of 1-5 chi SJC gold rings was adjusted up by 300,000 VND per tael in both buying and selling, to 89.7-91.8 million VND/tael (buying - selling).
Doji Gold and Gemstone Group listed the price of 9999 gold rings at 90.2-91.7 million VND/tael (buy - sell) early this morning, an increase of 300 thousand VND per tael in both buying and selling compared to yesterday's closing price.
At 9:01 a.m., Doji Gold and Gemstone Group increased the price of 9999 gold rings to 90.5-92 million VND/tael (buy - sell), an increase of 300,000 VND per tael in both directions compared to early this morning.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 89,700,000 | + 1,100,000 | 91,800,000 | + 900,000 |
| Doji | 90,500,000 | + 900,000 | 92,000,000 | + 900,000 |
SJC and Doji gold ring price list updated on the morning of February 19
Opening the trading session on February 19 , the price of SJC 9999 gold increased by 800 thousand VND per tael for buying and 600 thousand VND per tael for selling compared to the closing price of yesterday's trading session, listed at 89.4-91.7 million VND/tael (buying - selling).
At 9:00 a.m. , the price of SJC 9999 gold increased by 300,000 VND per tael in both buying and selling, to 89.7-92 million VND/tael (buying - selling).
At 9:56 a.m., the price of SJC 9999 gold turned down by 400,000 VND per tael in both buying and selling prices, to 89.3-91.6 million VND/tael (buying - selling).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 9:56 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 10:05 a.m. as follows:
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 89,300,000 | +700,000 | 91,600,000 | + 500,000 |
| Doji Hanoi | 89,300,000 | +700,000 | 91,600,000 | + 500,000 |
| Doji HCMC | 89,300,000 | +700,000 | 91,600,000 | + 500,000 |
SJC and Doji gold bar price list updated on the morning of February 19
The central exchange rate on February 19 announced by the State Bank was 24,633 VND/USD, an increase of 31 VND compared to the previous trading session. The USD price at commercial banks this morning (February 19) was commonly listed at 25,310 VND/USD (buy) and 25,700 VND/USD (sell).
At 8:33 a.m. today (February 19, Vietnam time) , the world spot gold price was at 2,933.7 USD/ounce, up 11.7 USD/ounce compared to last night. The gold futures price for April 2025 on the Comex New York floor was at 2,951 USD/ounce.
On the morning of February 19 , the world gold price converted to USD bank price was over 91.8 million VND/tael, including tax and fees, about 100 thousand VND/tael higher than the domestic gold price.
As of 8:00 p.m. on February 18 (Vietnam time), the spot gold price today on the international market was at $2,922/ounce. Gold for April 2025 delivery on the Comex New York floor was at $2,933/ounce.
The world gold price on the night of February 18 was about 41.6% higher (859 USD/ounce) than at the beginning of 2024. The world gold price converted to the bank USD price was 91.4 million VND/tael, including taxes and fees, about 280 thousand VND/tael higher than the domestic gold price as of the end of the afternoon session on February 18.
World gold prices rose in the context of the USD having previously had a sharp decline. The DXY index fell below the threshold of 106.9 points.
The world gold price has increased sharply again mainly due to the high demand for buying at the bottom after the decline at the end of last week. New forecasts from large corporations have also contributed to the increase in the price of precious metals.
The instability in the international market, coming from the policies of the Donald Trump administration with conflicts around the world, including in Ukraine... is a strong supporting factor for gold.
Domestically, the gold price was lower than the converted international gold price for the second time in a week. In 2024, the domestic gold price was much higher than the world price most of the time, sometimes 18-20 million VND/tael higher.
By the end of the trading session on February 18, the price of 9999 gold bars at SJC and Doji was listed at VND88.6-91.1 million/tael (buy - sell), an increase of VND1 million/tael for buying and an increase of VND500,000 for selling compared to the close of the previous session.
SJC announced the price of gold rings of type 1-5 at only 88.6-90.9 million VND/tael (buy - sell), an increase of 1 million VND/tael for buying and 500,000 VND for selling compared to the previous session. Doji listed the price of 9999 plain round gold rings at 89.6-91.1 million VND/tael (buy - sell), an increase of 500,000 VND/tael for both buying and selling compared to the previous session's close.
The difference between buying and selling gold prices at businesses has narrowed to 2.5 million VND/tael, compared to the previous level of 3.5 million VND.
The converted world gold price is at a very high level in the context of the USD/VND exchange rate in Vietnam being close to its historical peak: 25,340 VND (buy) and 25,700 VND (sell).
Gold Price Forecast
Gold is forecast to continue to increase in price in 2025 and may reach a new historical peak due to the huge demand for this commodity in the context of a rather uncertain world future.
Goldman Sachs has just raised its forecast for the world gold price by the end of this year to $3,100/ounce. Even if policy instability remains high and investors are concerned about US import tariffs, the gold price could reach $3,300 (equivalent to VND103 million/tael) due to speculation.
According to Goldman Sachs, due to high demand for gold from central banks and increased purchases of gold ETFs as interest rates fell, Goldman Sachs forecasts average gold demand from central banks to increase to 50 tons a month, instead of the previous 41 tons.
Citi Bank also recently raised its gold price forecast for the next 3 months, from 2,800 USD to 3,000 USD/ounce. UBS Bank forecasts that gold could reach 3,000 USD by the end of this year.
Investors are now waiting for news about the US-Russia talks to end the conflict in Ukraine. Gold is the top choice at the moment.
Gold prices could surge if negotiations fail or fail to deliver results, as well as negative reactions from Ukraine and the European Union (EU). On the contrary, gold has grounds to decline.
However, the world still has many upcoming wars, from trade, currency to technology, between the US and many countries, including China. Therefore, the forecast of gold increase is what most organizations and investors think.
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Source: https://vietnamnet.vn/gia-vang-hom-nay-19-2-2025-vun-vut-tang-sjc-va-nhan-len-92-trieu-2372646.html
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