Gold price today on God of Wealth day: Gold price decreased by 1% as the USD increased strongly before the important jobs report and investors took profits after the record increase.
Gold price today 02/07/2025
At the time of survey at 4:30 a.m. on February 7, 2025, the gold price on the trading floors of some companies was as follows:
At Saigon Jewelry Company (SJC), the price of gold bars was listed at VND86.4 million/tael (buy) and VND89.6 million/tael (sell), down VND1.6 million/tael for buying and VND1.4 million/tael for selling compared to the end of yesterday's trading session.
Similarly, DOJI system listed SJC gold at buying price of 86.4 million VND/tael and 89.6 million VND/tael (selling price), down 1.6 million VND/tael in buying price - down 1.4 million VND/tael in selling price compared to the end of yesterday's trading session.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 86.6-88.6 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 1.1 million VND/tael for buying and 400,000 VND/tael for selling compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 86.4-89.6 million VND/tael (buying - selling, down 1.6 million VND/tael in buying direction - down 1.4 million VND/tael in selling direction compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 86.5-89.8 million VND/tael (buy - sell), down 1.5 million VND/tael in buying - down 1.2 million VND/tael in selling compared to yesterday.
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| Gold price today February 7, 2025. Photo PC |
The latest gold price list today, February 7, 2025 is as follows:
| Gold price today | February 7, 2025 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 86.4 | 89.6 | -1600 | -1400 |
| DOJI Group | 86.4 | 89.6 | -1600 | -1400 |
| Red Eyelashes | 86.6 | 89.6 | -1100 | -400 |
| PNJ | 86.4 | 89.6 | -1600 | -1400 |
| Vietcombank Gold | 89.6 | -1400 | ||
| Bao Tin Minh Chau | 86.4 | 89.6 | -1600 | -1400 |
| Phu Quy | 86.5 | 89.8 | -1500 | -1200 |
World gold price today February 7, 2025 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 4:30 a.m. today, Vietnam time, was 2,855.33 USD/ounce. Today's gold price increased by 0.85% compared to yesterday. Converted according to the USD exchange rate on the free market (25,571 VND/USD), the world gold price is about 88.0 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is about 1.8 million VND/tael higher than the international gold price.
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| World gold price developments in the past 24 hours. |
Gold prices fell 1% on Thursday as the dollar strengthened ahead of a key jobs report and investors took profits, after bullion hit a record high for the previous five sessions on escalating trade tensions between the United States and China.
Spot gold fell 0.4% to $2,853.16 an ounce at 1:50 p.m. ET (1850 GMT) after hitting an all-time high of $2,882.16 on Wednesday. U.S. gold futures fell 0.6% to $2,876.70.
“It was probably a combination of a stronger dollar, some profit-taking and yields moving a little higher off their lows” that weighed on gold ahead of the U.S. jobs report, said Daniel Pavilonis, senior market strategist at RJO Futures.
Nonfarm payrolls likely increased by 170,000 jobs after surging by 256,000 in December, a Reuters survey of economists showed. The unemployment rate is forecast to remain unchanged at 4.1%.
A recovering labor market is boosting economic growth and allowing the Federal Reserve to hold off on interest rate cuts as it assesses the inflationary impact of Trump's fiscal, trade and immigration policies.
“Apart from the general volatility, inflation is still on the horizon starting to pick up, so gold is reacting as a safe haven,” said Alex Ebkarian, managing director at Allegiance Gold. “ Gold is on track to hit $2,900 and you have very strong sentiment despite the fact that in the short term the dollar has rallied.”
Technically, gold's relative strength index (RSI) is above 70, indicating the metal is overbought.
Meanwhile, Deputy Governor Dave Ramsden said gold reserves at the Bank of England have fallen by about 2% since the end of last year, citing strong demand for gold stored at the bank to take advantage of international price differences.
On the other hand, leading global banks predict gold prices to remain high through 2025, potentially reaching $3,000, as geopolitical uncertainties continue to shape investor sentiment.
One of the main drivers of this rally is US President Donald Trump's aggressive trade policies, including imposing new tariffs on major partners such as Canada, Mexico and China, leading to retaliatory measures from these countries.
Citi responded to these developments by adjusting its short-term (0-3 months) gold price target to $3,000 an ounce from $2,800, while maintaining its 6-12 month forecast at $3,000, unchanged from its previous forecast. The bank also upgraded its 2025 average price outlook to $2,900 an ounce from $2,800.
“The gold bull market looks set to continue under Trump 2.0 with trade wars and geopolitical tensions reinforcing the trend of reserve diversification/de-dollarization and supporting official EM gold demand, while global growth concerns (tariff-related and cyclical) will boost ETF and OTC investment demand,” Citi said in a note.
“We expect gold to continue to rise as a hedge against growth and other risks, including real and perceived growth risks, including trade wars, persistently high interest rates weighing on growth, continued weakness in the US labor market, risks of currency devaluation outside the US, and potential US equity outflows,” the bank noted.
Meanwhile, data from the World Gold Council showed global gold demand rising 1% to a record 4,974.5 tonnes by 2024, driven by higher investment and increased central bank buying in the fourth quarter.
“While growth will remain strong in the first half of 2025, the outlook beyond that will depend largely on the timing and magnitude of fiscal, trade and immigration policies in the US, as well as the extent of tariff retaliation,” Macquarie said in a December 5 note.
Gold continued its rally, hitting a new record high of $2,882.16 on Wednesday. The five-session winning streak was fueled by rising trade tensions between major economies, growing concerns about economic growth and uncertainty about the Federal Reserve’s interest rate path.
Reference addresses of popular gold shops in Hanoi: 1. Bao Tin Minh Chau - 15 - 29 Tran Nhan Tong, Bui Thi Xuan, Hai Ba Trung, Hanoi 2. DOJI Gold and Gemstone Company - 5 Le Duan, Dien Bien, Ba Dinh, Hanoi 3. SJC store chain in the Northern region - 18 Tran Nhan Tong, Nguyen Du Ward, Hai Ba Trung District, Hanoi City 4. PNJ store chain in the Northern region - 222 Tran Duy Hung, Trung Hoa, Cau Giay, Hanoi 5. Phu Quy Gold and Silver - No. 30 Tran Nhan Tong, Hai Ba Trung, Hanoi 6. Ngoc Anh Gold and Silver – No. 47 Lo Duc, Pham Dinh Ho, Hai Ba Trung, Hanoi 7. Gold Quy Tung – No. 102 Khuong Dinh, Thanh Xuan, Hanoi 8. Bao Tin Lan Vy - No. 84A, Tran Duy Hung, Cau Giay, Hanoi 9. Hoang Anh Gold and Silver – No. 43 Thai Thinh, Dong Da, Hanoi 10. Huy Thanh Jewelry - No. 23/100 (old number: No. 30A, lane 8), Doi Can, Ba Dinh, Hanoi Reference addresses of popular gold shops in Ho Chi Minh City: 1. Mi Hong Gold Shop - 306 Bui Huu Nghia, Ward 2, Binh Thanh District, HCMC 2. Kim Ngoc Thuy Gold Shop - 466 Hai Ba Trung, Tan Dinh Ward, District 1, HCMC 3. Saigon Jewelry Company Limited - 418-420 Nguyen Thi Minh Khai, Ward 5, District 3, HCMC 4. Tan Tien Jewelry - No. 161 Hanoi Highway, Thao Dien Ward, District 2, HCMC 5. Ngoc Tham Gold, Silver, Gemstones - No. 161 Hanoi Highway, Thao Dien Ward, District 2, HCMC 6. Kim Thanh Thao Gold Shop - 209 Tan Huong, Tan Quy Ward, Tan Phu District, HCMC 7. Kim Thanh Nam Gold Shop - 81A, Nguyen Duy Trinh, Binh Trung Tay Ward, District 2, HCMC 8. Kim Mai Gold Shop - 84C, Cong Quynh, Pham Ngu Lao Ward, District 1, HCMC 9. PNJ chain stores in the Southern region - Booth R011838, Ground floor, Diamond Plaza Shopping Center, 34 Le Duan, Ben Nghe Ward, District 1, HCMC 10. DOJI Gold and Gemstone Company – 81-85 Ham Nghi, Nguyen Thai Binh Ward, District 1, HCMC |
Update gold price in Phu Quy at 06:29 - February 7, 2025
| Gold type | Buy (VND/Only) | Sell (VND/Only) |
| Gold price Phu Quy round ring | 88,000,000 | 90,500,000 |
SJC Gold Bar Price | 88,000,000 | 91,000,000 |
Source: https://congthuong.vn/gia-vang-hom-nay-ngay-via-than-tai-giam-sap-san-372620.html
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