Gold prices today, February 21, 2025, skyrocketed, continuously breaking the peak in the international market and then cooling down. SJC gold rings and bars also decreased but remained at a record high, 92 million VND/tael, as expensive as the world price.
This morning, the world gold price tends to go down. At 10:34 am today (February 21, Vietnam time), the world spot gold price was at 2,929.1 USD/ounce, down 15.5 USD/ounce compared to early this morning.
Domestic gold ring prices this morning were adjusted down by some brands.
Saigon Jewelry Company (SJC) early this morning listed the price of gold rings type 1-5 at only 89.9-92 million VND/tael (buy - sell), unchanged from the closing price of yesterday's trading session.
At 10:14 a.m., the price of SJC gold rings of 1-5 chi was adjusted down by 300,000 VND/tael in both buying and selling compared to early this morning, down to 89.6-91.7 million VND/tael (buying - selling).
Doji Gold and Gemstone Group early this morning listed the price of 9999 gold rings at 90.6-92.3 million VND/tael (buy - sell), down 300 thousand VND per tael for buying but unchanged for selling compared to yesterday's closing price.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 89,600,000 | - 300,000 | 91,700,000 | - 300,000 |
| Doji | 90,600,000 | - 300,000 | 92,300,000 | 0 |
SJC and Doji gold ring price list updated on the morning of February 21
Opening the trading session on February 21, the price of SJC 9999 gold remained unchanged compared to the closing price of yesterday's trading session, listed at 90-92.3 million VND/tael (buy - sell).
At 10:14 a.m. , the price of SJC 9999 gold was adjusted down by 300,000 VND/tael for both buying and selling, to 89.7-92 million VND/tael (buying - selling).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 10:14 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:34 a.m. as follows:
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 89,700,000 | - 300,000 | 92,000,000 | - 300,000 |
| Doji Hanoi | 90,000,000 | 0 | 92,300,000 | 0 |
| Doji HCMC | 90,000,000 | 0 | 92,300,000 | 0 |
SJC and Doji gold bar price list updated on the morning of February 21
The central exchange rate on February 21 announced by the State Bank was 24,638 VND/USD, down 5 VND compared to the previous trading session. The USD price at commercial banks this morning (February 21) was commonly listed at 25,320 VND/USD (buy) and 25,710 VND/USD (sell).
At 8:44 a.m. today (February 21, Vietnam time) , the world spot gold price was at 2,944.6 USD/ounce, up 2.5 USD/ounce compared to last night. The gold futures price for April 2025 on the Comex New York floor was at 2,960.5 USD/ounce.
On the morning of February 21 , the world gold price converted to USD bank price was over 92.2 million VND/tael, including tax and fees, about 100 thousand VND/tael lower than the domestic gold price.
The price of gold on the Kitco floor at 9:00 p.m. on February 20 (Vietnam time) was trading at $2,942.1/ounce, up 0.9% from the beginning of the session. The price of gold futures for April 2025 delivery on the Comex New York floor was trading at $2,958.3/ounce.
At the beginning of the trading session on February 20 (US time), the world gold price continued to set a new record of 2,954.5 USD/ounce. The gold price then decreased, lower than the previous record of 2,947 USD/ounce.
In recent sessions, world gold prices have fluctuated within a large range amid economic instability pressure due to President Trump imposing tariffs on a number of countries exporting goods to the US.
Gold’s rally was fueled by President Trump’s comments on new tariffs on autos and pharmaceuticals, which could pave the way for gold to hit $3,000 an ounce, said Zain Vawda, market analyst at MarketPulse (OANDA).
Mr. Trump has imposed a 10% tariff on imports from China, and a 25% tariff on steel and aluminum. This time, he has announced that he will impose tariffs of about 25% on imported cars, as well as semiconductors and pharmaceuticals.
Giovanni Staunovo, an analyst at UBS, said central banks will continue to buy gold in the near future. This will benefit gold in the future.
Another factor that could influence the direction of gold is the US Federal Reserve's stance on interest rates. Officials at the US central bank are still uncertain about the impact of tariffs on inflation.
According to LSEG (a UK-based financial information and securities trading group), traders now expect the Fed to have at least one 25 basis point interest rate cut and there is a 44% chance of another cut in December.
In the domestic market, at the end of the session on February 20, the price of 9999 gold bars at SJC was 90 million VND/tael (buy) and 92.3 million VND/tael (sell). Doji listed it at 90 million VND/tael (buy) and 92.3 million VND/tael (sell).
SJC announced the price of gold rings of type 1-5 at only 89.9-92 million VND/tael (buy - sell). Doji listed the price of 9999 smooth round gold rings at 90.6-92.3 million VND/tael (buy - sell).
Gold Price Forecast
Goldman Sachs raised its forecast for gold prices by the end of 2025 from $2,890 an ounce to $3,100 an ounce. The main reason is that demand for gold from central banks remains high. In addition, if concerns about the US government's ability to repay its debt increase, gold prices could rise another 5% to $3,250 an ounce by December 2025.
In a recent research report, Adam Turnquist, chief strategist at LPL Financial, said that in the short term, gold is overbought and susceptible to profit-taking pressure, which could push prices back to support levels near $2,800 an ounce. In the long term, even if it hits $3,000 an ounce, the precious metal is still quite cheap.
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Source: https://vietnamnet.vn/gia-vang-hom-nay-21-2-2025-sjc-va-vang-nhan-dat-ngang-the-gioi-2373410.html
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