Today's domestic gold price, February 7, 2025, jumped sharply on the God of Wealth's day, nearly half a million VND more expensive per tael even though the world price continued to decrease. SJC gold rings and bars jumped to 90 million VND/tael.
Domestic gold ring prices were adjusted up early this morning.
Saigon Jewelry Company (SJC) early this morning listed the price of gold rings of type 1-5 at only 86.5-89.5 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.
Similarly, Doji Gold and Gemstone Group early this morning raised the price of 9999 gold rings to 86.3-90 million VND/tael (buy - sell), an increase of 100 thousand VND/tael for buying and 400 thousand VND more expensive per tael for selling compared to yesterday's closing price.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 86,500,000 | + 100,000 | 89,500,000 | + 100,000 |
| Doji | 86,300,000 | + 100,000 | 90,000,000 | + 400,000 |
SJC and Doji gold ring price list updated on the morning of February 7
Opening the trading session on February 7 , the price of SJC 9999 gold increased by 100,000 VND per tael for buying and 400,000 VND per tael for selling compared to the closing price of yesterday's trading session, up to 86.5-90 million VND/tael (buying - selling).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 6:38 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 6:47 a.m. as follows:
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 86,500,000 | + 100,000 | 90,000,000 | + 400,000 |
| Doji Hanoi | 86,500,000 | + 100,000 | 90,000,000 | + 400,000 |
| Doji HCMC | 86,500,000 | + 100,000 | 90,000,000 | + 400,000 |
SJC and Doji gold bar price list updated on the morning of February 7
The central exchange rate on February 7 announced by the State Bank was 24,462 VND/USD, an increase of 37 VND compared to the previous trading session. The USD price at commercial banks this morning (February 7) was commonly listed at 25,060 VND/USD (buy) and 25,450 VND/USD (sell).
At 7:78 a.m. today (February 7, Vietnam time), the world spot gold price was at 2,858.3 USD/ounce, down 3.3 USD/ounce compared to last night. The gold futures price for April 2025 on the Comex New York floor was at 2,882.5 USD/ounce.
On the morning of February 7 , the world gold price converted to USD bank price was nearly 88.6 million VND/tael, including tax and fees, about 1.4 million VND/tael lower than the domestic gold price.
The price of gold on the Kitco floor at 9:00 p.m. on February 6 (Vietnam time) was trading at $2,861.6/ounce, down 0.29% from the beginning of the session. The price of gold futures for delivery in April 2025 on the Comex New York floor was trading at $2,888.1/ounce.
At the beginning of the trading session on February 6 (US time), world gold prices decreased due to the cooling of the world economic and political instability after President Trump announced a one-month delay in imposing a 25% tax on Canada and Mexico.
“Gold continues to be heavily influenced by trade uncertainty,” said Peter Grant, vice president and senior metals strategist at Zaner Metals. “Tariffs on China and retaliatory measures have been a major driver of safe-haven flows.”
In addition, officials of the US Federal Reserve (Fed) emphasized that inflation could increase, and the trade war context makes the economy increasingly unstable. Gold will be increasingly focused on by investors.
Gold is currently being held back by the Fed's interest rate policy as the agency continues to be hawkish. The Fed has repeatedly affirmed that it will slow down the process of lowering interest rates as the US economy is experiencing inflation again.
In the domestic market, at the close of the session on February 6, the price of 9999 gold bars at SJC was VND86.4 million/tael (buy) and VND89.6 million/tael (sell). Doji listed it at VND86.4 million/tael (buy) and VND89.6 million/tael (sell).
SJC announced the price of gold rings of type 1-5 at only 86.4-89.4 million VND/tael (buy - sell). Doji listed the price of 9999 smooth round gold rings at 86.2-89.6 million VND/tael (buy - sell).
Gold Price Forecast
Analysts say that despite the negative fluctuations in the short term, gold continues to conquer new peaks. Investors are choosing gold as a safe haven asset amid concerns that the trade war between the US and China could negatively impact US economic growth.
In 2025, gold prices are forecast to continue to rise. The $2,900/ounce mark is no longer a strong barrier. Interest rates are forecast to continue their downward trend, while inflation increases and economic tensions between the US and other countries escalate.
The US-China trade war is getting more intense. The two countries could fall into a spiral of retaliation, which would affect the global economy. This is the reason why money is fleeing from many investment channels and seeking safety in gold.
Jim Wyckoff, an analyst at Kitco Metals, predicted that the instability caused by the Trump administration, along with central banks increasing their gold purchases to reduce their USD holdings, could push the price of the precious metal to $3,000/ounce this year.
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Source: https://vietnamnet.vn/gia-vang-hom-nay-7-2-2025-sjc-va-nhan-vot-tang-ngay-via-than-tai-2369111.html
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