Today's gold price, February 6, 2025, suddenly plummeted in Vietnam following the world gold price, after 3 consecutive days of increase. SJC gold bars and plain rings decreased by half a million VND per tael, falling below the 91 million VND mark before the God of Wealth's day.
Domestic gold ring prices this morning were adjusted up within a narrow range.
Saigon Jewelry Company (SJC) early this morning listed the price of gold rings type 1-5 at only 88.1-90.6 million VND/tael (buy - sell), an increase of 100 thousand VND per tael in both buying and selling compared to the end of yesterday's trading session.
At 10:22 , SJC Company reduced the price of gold rings of type 1-5 to only 88-90.5 million VND/tael (buy - sell), down 100 thousand VND per tael in both buying and selling compared to early this morning.
At 11:03 , SJC Company reduced the price of 1-5 tael gold rings to 87.7-90.2 million VND/tael (buy - sell), a further decrease of 300 thousand VND per tael in both buying and selling.
Meanwhile, Doji Gold and Gemstone Group early this morning raised the price of 9999 gold rings to 88.2-91.2 million VND/tael (buy - sell), unchanged in the buying direction and increased 200 thousand VND per tael in the selling direction compared to yesterday's closing price.
At 9:58 a.m. , Doji Gold and Gemstone Group lowered the price of 9999 gold rings to 88-91 million VND/tael (buy - sell), down 200,000 VND per tael in both buying and selling compared to early this morning.
At 10:18 a.m. , Doji Gold and Gemstone Group continued to reduce the price of 9999 gold rings to 87.7-90.7 million VND/tael (buy - sell), down another 300,000 VND per tael in both buying and selling directions.
At 10:36 a.m., Doji Gold and Gemstone Group reduced the buying price of 9999 gold rings to 87.5 million VND/tael, a further decrease of 200,000 VND per tael, while the selling price remained at 90.7 million VND/tael.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 87,700,000 | - 300,000 | 90,200,000 | - 300,000 |
| Doji | 87,500,000 | - 700,000 | 90,700,000 | - 300,000 |
SJC and Doji gold ring price list updated on the morning of February 6
Opening the trading session on February 6 , the price of SJC 9999 gold increased by 200 thousand VND per tael in both buying and selling compared to the closing price of yesterday's trading session, to 88.2-91.2 million VND/tael (buying - selling).
At 10:22, the price of SJC 9999 gold decreased to 87.7-90.7 million VND/tael (buy - sell), down 500 thousand VND per tael in both buying and selling compared to early this morning.
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 11:03 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 10:36 a.m. as follows:
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 87,700,000 | - 300,000 | 90,700,000 | - 300,000 |
| Doji Hanoi | 87,500,000 | - 500,000 | 90,700,000 | - 300,000 |
| Doji HCMC | 87,500,000 | - 500,000 | 90,700,000 | - 300,000 |
SJC and Doji gold bar price list updated on the morning of February 6
The central exchange rate on February 6 announced by the State Bank was 24,425 VND/USD, an increase of 30 VND compared to the previous trading session. The USD price at commercial banks this morning (February 6) was commonly listed at 24,960 VND/USD (buy) and 25,350 VND/USD (sell).
At 8:37 a.m. today (February 6, Vietnam time) , the world spot gold price was at 2,868.2 USD/ounce, down 2.8 USD/ounce compared to last night. The gold futures price for April 2025 on the Comex New York floor was at 2,887 USD/ounce.
On the morning of February 6 , the world gold price converted to USD bank price was over 88.5 million VND/tael, including tax and fees, about 2.5 million VND/tael lower than the domestic gold price.
As of 8:00 p.m. on February 5 (Vietnam time), the spot gold price on the world market was at $2,871/ounce. This is a new historical peak. Gold for April 2025 delivery on the Comex New York floor was at $2,895/ounce.
The world gold price on the night of February 5 was about 39.2% higher (808 USD/ounce) than at the beginning of 2024. The world gold price converted to the bank USD price was VND 88.6 million/tael, including taxes and fees, about VND 2.4 million/tael lower than the domestic gold price as of the end of the afternoon session on February 5.
Gold prices on the international market have been increasing continuously, continuously reaching new historical peaks due to the decrease of the USD and the strong increase in demand for gold as a safe haven. The price of SJC gold bars and gold rings increased by 3 million VND in 3 days.
Gold prices rose as the US postponed tariffs on Mexico and Canada but continued its trade war with China with a 10% tariff effective from February 4. China immediately retaliated with a 10-15% tariff on some US goods, while warning of a trade war after the US tariffs.
China also imposed export controls on items related to tungsten, tellurium, ruthenium, molybdenum and ruthenium to "safeguard national security interests".
During the 2024 election campaign, Mr. Trump vowed to impose high tariffs of up to 60% on Chinese goods.
In a recent move, the United States Postal Service (USPS) - a unit specializing in providing express delivery for individuals - has ended its parcel delivery service from China and Hong Kong (China), only delivering express documents.
The move complies with the Trump administration's decision to restrict duty-free shipping.
The White House has accused Chinese corporations of using the service to transport a variety of drugs.
China has also put several companies, including tech giants like Google, on alert for possible sanctions. Beijing has launched an antitrust investigation into Google.
In the domestic market, at the end of the trading session on February 5, the price of 9999 gold bars at SJC and Doji was listed at VND88-91 million/tael (buy - sell), an increase of VND900,000 for the selling price compared to the previous session. In the first 3 days of the new year, SJC gold increased by nearly VND3 million/tael compared to before the Tet holiday.
The price of gold rings on February 5 continued to set a new record high, reaching 91 million VND/tael for the first time in history - equal to the price of gold bars, when the market was in the week of God of Wealth.
Specifically, SJC announced the price of gold rings of type 1-5 at only 88-90.5 million VND/tael (buy - sell). Doji listed the price of 9999 smooth round gold rings at 88.2-91 million VND/tael (buy - sell), an increase of 1 million VND/tael for selling compared to the previous session. Bao Tin Minh Chau also listed at the same price.
Gold Price Forecast
The US-China trade war has become tense and the two countries may fall into a spiral of retaliation, which could affect the economies of these two countries and the global economy.
This is the reason why money is fleeing from many investment channels and seeking safety in gold.
In previous years, China has increased its gold purchases, and together with expectations of lower interest rates, as well as increased geopolitical tensions... are factors that have pushed gold to skyrocket in 2024, with an increase of more than 27% and many times setting new high records.
In 2025, gold is still expected to continue to rise and the $2,900/ounce mark is no longer a strong barrier for this commodity. Interest rates are still expected to continue to decline, while inflation increases and economic tensions between the US and other countries escalate. Geopolitical tensions may ease, but in the short term, they are still hot.
Many forecasts say that China may continue to buy gold for its reserves if the trade war escalates. The Trump administration may not be as lenient with Beijing as it was in his first term.
The next key milestone for gold prices could be $3,000 an ounce.
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Source: https://vietnamnet.vn/gia-vang-hom-nay-6-2-2025-sjc-nhan-tron-bat-ngo-giam-manh-2368829.html
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