Gold price today, February 5, 2025, skyrocketed to a new peak, reaching 2,843 USD/ounce on the international market. Domestically, SJC gold bars and rings simultaneously jumped to over 91 million VND, an increase of nearly 3 million VND in the past 3 days; Than Tai gold rose to over 100 million VND.
Domestic gold ring prices early this morning were adjusted to increase sharply by brands following world gold prices.
Saigon Jewelry Company (SJC) early this morning raised the price of 1-5 chi gold rings to 88-90.5 million VND/tael (buy - sell), an increase of 400 thousand VND per tael for buying and 900 thousand VND per tael more expensive for selling compared to the end of yesterday's trading session.
Similarly, Doji Gold and Gemstone Group early this morning also raised the buying and selling price of 9999 gold rings to 88.4-91 million VND/tael, an increase of 400 thousand VND per tael for buying and 1 million VND per tael more expensive for selling compared to yesterday's closing price.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 88,000,000 | + 400,000 | 90,500,000 | + 900,000 |
| Doji | 88,400,000 | + 400,000 | 91,000,000 | + 1,000,000 |
SJC and Doji gold ring price list updated morning of February 5
Opening the trading session on February 5, the price of SJC 9999 gold increased by 400 thousand VND/tael for buying and 900 thousand VND/tael more expensive for selling compared to the closing price of yesterday's trading session, up to 88-91 million VND/tael (buying - selling).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 8:34 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:47 a.m. as follows:
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 88,000,000 | + 400,000 | 91,000,000 | + 900,000 |
| Doji Hanoi | 88,000,000 | + 400,000 | 91,000,000 | + 900,000 |
| Doji HCMC | 88,000,000 | + 400,000 | 91,000,000 | + 900,000 |
SJC and Doji gold bar price list updated on the morning of February 5
The central exchange rate on February 5 announced by the State Bank was 24,395 VND/USD, an increase of 35 VND compared to the previous trading session. The USD price at commercial banks this morning (February 5) was commonly listed at 24,980 VND/USD (buy) and 25,370 VND/USD (sell).
At 8:37 a.m. today (February 5, Vietnam time) , the world spot gold price was at 2,841.2 USD/ounce, up 3.2 USD/ounce compared to last night. The price of gold futures for February 2025 on the Comex New York floor was at 2,871.7 USD/ounce.
On the morning of February 5 , the world gold price converted to USD bank price was nearly 87.8 million VND/tael, including tax and fees, about 3.2 million VND/tael lower than the domestic gold price.
In the world, at 8:00 p.m. on February 4 (Vietnam time), the spot gold price today was at 2,838 USD/ounce, reaching a new historical peak. Gold for April 2025 delivery on the Comex New York floor was at 2,870 USD/ounce.
The world gold price on the night of February 4 was about 37.6% higher (775 USD/ounce) than at the beginning of 2024. The world gold price converted to the bank USD price was VND 87.6 million/tael, including taxes and fees, about VND 2.5 million/tael lower than the domestic gold price as of the end of the afternoon session on February 4.
Gold prices hit a new record high amid investors' concerns that global instability could break out at any moment. The USD cooled down after Donald Trump unexpectedly postponed tariffs on Mexico and Canada. In addition, the US announced positive manufacturing data.
Brighter signals about the US economy have led many to believe that the US Federal Reserve (Fed) will return to its plan to lower interest rates after a pause in its meeting at the end of January. When the Fed lowers interest rates, the USD will fall, which is positive news for gold.
Both Mexico and Canada have agreed to step up border enforcement efforts to combat immigration and drug trafficking. The U.S. will suspend a 25% tariff on both countries for 30 days.
Despite delaying the tariff increase with Mexico and Canada, Mr. Trump kept the 10% tariff on China. He said that if China did not control the flow of fentanyl into the United States, “the tariffs would be significantly higher.”
Tensions in Ukraine and the Middle East have yet to be resolved. The world is also shaken by technological changes, with a potential war in this field after China's DeepSeek launched its artificial intelligence (AI) model DeepSeek R1.
In the domestic market, at the end of the trading session on February 4, the price of 9999 gold bars at SJC and Doji was listed at 87.6-90.1 million VND/tael (buy - sell), an increase of 300,000 VND in the selling price compared to the previous session. During the session, SJC gold reached 90.6 million VND.
Thus, after only the first 2 days of the new year, SJC gold increased by 2 million VND/tael, compared to before Tet holiday.
The price of gold rings on February 4th exceeded 90 million VND/tael for the first time as the God of Wealth Day is approaching. This is an unprecedented high price for gold rings.
Specifically, SJC announced the price of gold rings of type 1-5 at only 87.6-89.6 million VND/tael (buy - sell). Doji listed the price of 9999 smooth round gold rings at 88-90 million VND/tael (buy - sell), an increase of 500,000 VND/tael for selling compared to the previous session. Bao Tin Minh Chau also listed at the same price.
Despite listing gold ring prices at record highs, many businesses do not have enough gold rings and gold bars to sell.
Gold Price Forecast
The gold market in the first days of the new year At Ty fluctuated unpredictably when the cash flow continuously reversed between investment channels, from stocks, USD, to cryptocurrencies.
Normally, gold tends to increase if the financial and commodity markets are unstable. However, there are also cases where gold can decrease according to a certain investment channel when investors are forced to sell gold to cover losses for those assets.
Overall, gold is still on an upward trend amid pressure on the USD as the US is in a cycle of interest rate cuts. Instability and rising inflation are also supportive factors for gold.
In its latest move, China has retaliated against Mr. Trump’s tariffs. Beijing announced it would impose tariffs of 10-15% on some products imported from the United States from February 10.
Many forecasts still believe that gold will reach $3,000/ounce by the end of this year.
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Source: https://vietnamnet.vn/gia-vang-hom-nay-5-2-2025-lap-ky-luc-moi-sjc-tang-manh-2368451.html
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