Gold price today 2/3/2025: The price of SJC gold bars and round gold rings in the country both skyrocketed after a year of buyers holding on to gold on God of Fortune Day. The world gold price "tightly" clings to the peak of 2,800 USD and seems unlikely to stop at this high level.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 86,600 | 88,100 |
| HCMC - SJC | 86,800 | 88,800 |
| Hanoi - PNJ | 86,600 | 88,100 |
| Hanoi - SJC | 86,800 | 88,800 |
| Da Nang - PNJ | 86,600 | 88,100 |
| Da Nang - SJC | 86,800 | 88,800 |
| Western Region - PNJ | 86,600 | 88,100 |
| Western Region - SJC | 86,800 | 88,800 |
| Jewelry gold price - PNJ | 86,600 | 88,100 |
| Jewelry gold price - SJC | 86,800 | 88,800 |
| Jewelry gold price - Southeast | PNJ | 86,600 |
| Jewelry gold price - SJC | 86,800 | 88,800 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 86,600 |
| Jewelry gold price - Jewelry gold 999.9 | 86,500 | 87,900 |
| Jewelry gold price - Jewelry gold 999 | 86,410 | 87,810 |
| Jewelry gold price - Jewelry gold 99 | 86,120 | 87,120 |
| Jewelry gold price - 916 gold (22K) | 79,620 | 80,620 |
| Jewelry gold price - 750 gold (18K) | 64,680 | 66,080 |
| Jewelry gold price - 680 gold (16.3K) | 58,520 | 59,920 |
| Jewelry gold price - 650 gold (15.6K) | 55,890 | 57,290 |
| Jewelry gold price - 610 gold (14.6K) | 52,370 | 53,770 |
| Jewelry gold price - 585 gold (14K) | 50,170 | 51,570 |
| Jewelry gold price - 416 gold (10K) | 35,320 | 36,720 |
| Jewelry gold price - 375 gold (9K) | 31,710 | 33,110 |
| Jewelry gold price - 333 gold (8K) | 27,760 | 29,160 |
Update gold price today 2/3/2025
World gold prices consolidated their record "peak" of $2,800/ounce, as US President Donald Trump's tariff threat became a reality.
Finally, after the world was nervous and "guessing", on February 1, the new US President officially signed an executive order imposing a 25% tax on imported goods from Canada and Mexico, and adding a 10% tax to the current tax rate on goods from China, effective from February 4.
Thus, the instability of the financial market, the unstable geopolitical situation, investors' concerns that the world is about to enter a new trade war and increasing inflationary pressure globally... have pushed the price of gold to a new record high of over 2,800 USD/ounce last week.
According to the World and Vietnam Newspaper at 8:45 p.m. on February 2 (Hanoi time), the world gold price traded on the Kitco electronic floor was at 2,799.20 - 2,801.20 USD/ounce , an increase of 3.9 USD/ounce compared to the previous trading session.
The US Federal Reserve (Fed) kept interest rates unchanged as expected and also signaled that further rate cuts were unlikely, given persistent inflation and strong labor data. The release of significantly weaker-than-expected US GDP data for December was the next catalyst for the precious metal, pushing gold prices to $2,800 an ounce. The record price continued to be “firmly defended” as the market saw increased trade war talk, with mixed reports pushing gold prices to an all-time high of $2,817.21 an ounce.
Domestic gold prices have just experienced a "crazy" year for both SJC gold bars and 9999 gold rings.
Throughout 2024, precious metal businesses were always in a state of "running out" of both SJC gold bars and plain round gold rings, because people's demand for this precious metal increased dramatically. Right in the first days of the new year of At Ty, the price of SJC gold bars skyrocketed to nearly 89 million VND/tael, after the world gold price continuously set records during the Tet holiday.
At the close of trading on February 2, the price of SJC gold bars at Saigon Jewelry Company (SJC) was VND86.8 - 88.8 million/tael (buy - sell), an increase of VND700,000/tael in both buying and selling compared to before the long holiday. The price of SJC gold rings of 1-5 chi was listed at VND86.3 - 88 million/tael (buy - sell).
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| Gold price today February 3, 2025: SJC gold bar price 'won big' on God of Fortune day, world gold hit record high as threat becomes reality. (Source: Kitco) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of last week's trading session (February 2):
Saigon Jewelry Company SJC: SJC gold bars 86.8 - 88.8 million VND/tael; SJC gold rings 86.10 - 87. million VND/tael.
DOJI Group: SJC gold bars 86.9 - 88.9 million VND/tael; 9999 round rings (Hung Thinh Vuong) 86.6 - 88.1 million VND/tael.
PNJ system: SJC gold bars 86.8 - 88.8 million VND/tael; PNJ 999.9 plain gold rings at 86.60 - 88.10 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 86.8 - 88.8 million VND/tael; Phu Quy 999.9 round gold rings: 86.10 - 88.10 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 86.8 - 88.8 million VND/tael; round gold ring price is 86.6 - 88.9 million VND/tael.
Should I buy gold on God of Wealth Day 2025?
According to folk beliefs, the God of Wealth's day is a time to pray for fortune and blessings. God of Wealth gold is gold bought on the God of Wealth's day, not only as an asset but also as a feng shui item, helping the homeowner attract fortune and luck in work and life. Buying gold on the God of Wealth's day is considered a way to "keep fortune" to start the new year smoothly.
Gold on this day is often purchased in the form of gold bars, plain rings, or gold products engraved with the image of the God of Wealth - a symbol of wealth and prosperity. Many people like to buy gold to pray for luck and fortune. This is the reason why, on the occasion of the God of Wealth's day every year, from early morning to late night at gold shops, there are often scenes of people jostling each other in long lines waiting for several hours to buy gold.
Precious metal traders say that on God of Wealth Day, the number of customers often increases dramatically, 20-40 times compared to normal days, despite the strong increase in gold prices. And every year, the number of gold products sold on God of Wealth Day increases compared to the same period the year before.
God of Wealth Day 2025 (10th day of the first lunar month) falls on Friday, February 7th.
Currently, many precious metal businesses have announced that they will open sales of gold for the God of Wealth Day from the 6th day of the first lunar month (ie Monday, February 3rd). In addition to buying gold directly at stores, businesses have also opened online gold ordering channels, even livestreaming sales.
Considering the God of Wealth gold, besides its spiritual significance, it is also highly appreciated for its stability and ability to preserve value. Therefore, gold is also a safe investment option, helping to protect assets from market risks.
In fact, after 1 year of buying gold on the God of Wealth Day 2024 and holding it until this year, many people have won big. Specifically, if on January 1, 2024, the price of SJC gold bars was only at 71 million VND/tael (buy) and 74-74.2 million VND/tael (sell). After 1 year, on the morning of January 1, the price of gold bars at SJC was listed at 82.2-84.2 million VND/tael (sell). Similarly, the price of 9999 gold rings was at 61-63 million VND/tael, and on January 1, 2025, the price of SJC gold rings was listed at 82.2-84 million VND/tael (buy - sell).
Thus, compared to the beginning of 2024, the selling price of SJC gold bars increased by about 10.2 million VND/tael, equivalent to about 14%, and gold rings increased by 20.92 million VND/tael, about 34%. This is the strongest increase in more than 10 years. In 2024, the precious metal market continuously fluctuated, creating "earthquakes" in the financial market.
In 2025, gold prices are expected to remain strongly influenced by the US dollar. Many experts believe that the Fed's monetary policy will remain the main driver of global financial markets, especially gold prices, as the organization tries to balance persistent inflationary pressures and support economic activity. According to Goldman Sachs, gold prices could even hit $3,000 an ounce by December 2025.
Source: https://baoquocte.vn/gia-vang-hom-nay-322025-gia-vang-mieng-sjc-thang-lon-ngay-via-than-tai-vang-the-gioi-cao-ky-luc-khi-moi-de-doa-thanh-hien-thuc-302898.html
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