Gold prices today, February 19, 2025, continue to increase strongly in both the world and domestic markets. Experts say that buying domestic gold at this time is quite risky because the domestic market is not connected internationally.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 89,400 ▲300K | 91,000 ▲450K |
| HCMC - SJC | 88,600 ▲1000K | 91,100 ▲500K |
| Hanoi - PNJ | 89,400 ▲300K | 91,000 ▲450K |
| Hanoi - SJC | 88,600 ▲1000K | 91,100 ▲500K |
| Da Nang - PNJ | 89,400 ▲300K | 91,000 ▲450K |
| Da Nang - SJC | 88,600 ▲1000K | 91,100 ▲500K |
| Western Region - PNJ | 89,400 ▲300K | 91,000 ▲450K |
| Western Region - SJC | 88,600 ▲1000K | 91,100 ▲500K |
| Jewelry gold price - PNJ | 89,400 ▲300K | 91,000 ▲450K |
| Jewelry gold price - SJC | 88,600 ▲1000K | 91,100 ▲500K |
| Jewelry gold price - Southeast | PNJ | 89,400 ▲300K |
| Jewelry gold price - SJC | 88,600 ▲1000K | 91,100 ▲500K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 89,400 ▲300K |
| Jewelry gold price - Jewelry gold 999.9 | 88,400 ▲500K | 90,900 ▲500K |
| Jewelry gold price - Jewelry gold 999 | 88,310 ▲500K | 90,810 ▲500K |
| Jewelry gold price - Jewelry gold 99 | 87,590 ▲490K | 90,090 ▲490K |
| Jewelry gold price - 916 gold (22K) | 80,860 ▲450K | 83,360 ▲450K |
| Jewelry gold price - 750 gold (18K) | 65,830 ▲380K | 68,330 ▲380K |
| Jewelry gold price - 680 gold (16.3K) | 59,460 ▲340K | 61,960 ▲340K |
| Jewelry gold price - 650 gold (15.6K) | 56,740 ▲330K | 59,240 ▲330K |
| Jewelry gold price - 610 gold (14.6K) | 53,100 ▲310K | 55,600 ▲310K |
| Jewelry gold price - 585 gold (14K) | 50,830 ▲300K | 53,330 ▲300K |
| Jewelry gold price - 416 gold (10K) | 35,460 ▲200K | 37,960 ▲200K |
| Jewelry gold price - 375 gold (9K) | 31,740 ▲190K | 34,240 ▲190K |
| Jewelry gold price - 333 gold (8K) | 27,650 ▲170K | 30,150 ▲170K |
Update gold price today 2/19/2025
Domestic gold prices increased strongly, hovering above the 91 million VND/tael mark.
Specifically, Saigon Jewelry Company (SJC), the price of gold bars is listed at 88.6 million VND/tael (buy) and 91.1 million VND/tael (sell). A sharp increase of 1 million VND/tael in the buying direction - an increase of 500 thousand VND/tael in the selling direction compared to the closing price of yesterday's trading session.
DOJI system listed SJC gold at buying price of 88.6 million VND/tael and selling price of 91.1 million VND/tael. This price increased sharply by 1 million VND/tael for buying - increased by 500 thousand VND/tael for selling compared to yesterday.
Similarly, Bao Tin Minh Chau Company Limited listed the price of SJC gold at VND88.6 million/tael (buy) and VND91.1 million/tael (sell). This price increased sharply by VND1 million/tael for buying - increased by VND500,000/tael for selling compared to yesterday.
The price of gold rings also continues to increase. The price of SJC 9999 gold rings is currently bought at 88.6 million VND/tael and sold at 90.9 million VND/tael. A sharp increase of 1 million VND/tael in buying - an increase of 500 thousand VND/tael in selling compared to the end of yesterday's trading session.
For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price increased sharply to 89.7 million VND/tael and the selling price increased sharply to 91.1 million VND/tael, an increase of 600 thousand VND/tael in buying - an increase of 500 thousand VND/tael in selling compared to yesterday.
World gold prices continued to rise as uncertainty over US President Donald Trump's tariff plans continued to dominate market sentiment.
In addition, significant buying by central banks and a rush to buy gold in the US to avoid potential tariffs also boosted the precious metal.
According to the World and Vietnam Newspaper at 7:00 p.m. on February 18, the world gold price on the Kitco exchange was at 2,912 - 2,913 USD/ounce, up 14 USD compared to the previous session.
Since taking office last month, Mr. Trump has imposed a 10% tariff on imports from China, announced and delayed a 25% tariff on goods from Mexico and non-energy imports from Canada.
He also set a date for imposing 25% tariffs on imported steel and aluminum, and is planning to impose reciprocal tariffs on all countries that tax US imports.
The focus of experts is on the minutes of the US Federal Reserve's January 2025 meeting, due to be released on February 19 (local time), for clues on how policymakers view the growing risks of a broader trade war to the economy.
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| Gold price today February 19, 2025: Gold price is soaring, could reach 3,300 USD/ounce due to speculation, don't 'put all your eggs in one basket'. (Source: Shutterstock) |
Summary of gold prices at major domestic trading brands at closing times of trading session on the afternoon of February 19:
Saigon Jewelry Company SJC: SJC gold bars 88.6 - 91.1 million VND/tael.
DOJI Group: SJC gold bars 88.6 - 91.1 million VND/tael.
PNJ system: SJC gold bars 88.6 - 91.1 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 88.7 - 91.1 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 88.6 - 91.1 million VND/tael.
Gold price targets $3,100/ounce
Goldman Sachs Bank has just raised its forecast for world gold prices by the end of this year to $3,100/ounce, up from the previous $2,890.
The bank said strong central bank demand will help the precious metal gain another 9% by year-end. Gold exchange-traded funds (ETFs) will also see increased buying as interest rates fall, which will offset losses from investors adjusting positions as uncertainty eases.
However, if policy uncertainty remains high, especially concerns about US import tariffs, the bank said gold could rise to $3,300 due to speculation.
Central bank hoarding has supported precious metal prices in recent years.
According to the World Gold Council (WGC) report last year, central banks bought 1,044 tons of gold. This is the third consecutive year that the group has bought more than 1,000 tons.
The Polish Central Bank made the biggest purchase, adding 90 tonnes to its reserves.
Goldman Sachs also revised its forecast for average central bank gold demand to 50 tons per month, up from 41 tons previously. If the group buys 70 tons per month, prices could reach $3,200 an ounce by the end of 2025. However, if the US Federal Reserve keeps interest rates unchanged, the precious metal could only reach $3,060.
"Buy gold," Goldman Sachs recommends.
While uncertainty may cool gold prices, holding the asset for the long term still offers hedging benefits, especially in the context of escalating global trade tensions, risks from the Fed’s monetary policy and the threat of recession in many countries.
In Vietnam, Associate Professor Dr. Nguyen Huu Huan at the University of Economics Ho Chi Minh City commented that in 2025, the world gold price will depend on the geopolitical situation. If the war in Ukraine remains tense, the gold price will continue to be pushed up.
"With President Donald Trump's tax policy, the world gold price will increase. In particular, US inflation will increase, pushing the USD value down, the gold price will increase to 3,000 USD/ounce," Associate Professor, Dr. Nguyen Huu Huan commented.
Meanwhile, Dr. Nguyen Tri Hieu, a finance and banking expert, affirmed that buying domestic gold at this time is quite risky because the domestic market is not connected internationally. Therefore, investing in gold needs to be carefully considered, and one should not 'put all eggs in one basket', because many people have 'lost their money' because of gold in the past.
Source: https://baoquocte.vn/gia-vang-hom-nay-1922025-gia-vang-len-nhu-vu-bao-co-the-cham-3300-usdounce-do-dau-co-khong-bo-trung-vao-mot-gio-304724.html
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