DNVN - The domestic gold market remains stable as gold and gemstone businesses continue to list the buying and selling prices of gold bars and gold rings similar to the previous morning.
Domestic gold price
Currently, the prices of gold brands are specifically announced as follows:
The buying price of SJC gold bars and other brands remains at VND86.8 million/tael, while the selling price is at VND90.3 million/tael.
Along with gold bars, gold rings of other brands also did not have significant fluctuations. Specifically, SJC 9999 gold rings were still listed at VND86.8 million/tael for buying and VND89.8 million/tael for selling.
DOJI in Hanoi and Ho Chi Minh City maintained the same buying and selling prices as the previous day, at VND86.6 million/tael and VND90.3 million/tael, respectively.
PNJ gold rings are listed at 86.7 million VND/tael for buying and 90.1 million VND/tael for selling.
Bao Tin Minh Chau announced the price of plain round rings at 86.8 million VND/tael for buying and 90.25 million VND/tael for selling.
Phu Quy SJC currently lists the buying price of gold rings at 86.7 million VND/tael and the selling price at 90.2 million VND/tael.
World gold price
According to an update from Kitco at 5 a.m. this morning, Vietnam time, the world spot gold price is at 2,860.83 USD/ounce, unchanged from yesterday. When converted according to the free USD exchange rate (25,630 VND/USD), the world gold price is currently at about 88.4 million VND/tael (excluding taxes and fees). Thus, SJC gold bars are about 2 million VND/tael higher than the world gold price.
World gold prices continued to have a positive trading week as concerns about inflation combined with tariff risks caused investors to seek gold as a safe haven.
Spot gold started the week at $2,797 an ounce, then quickly rose to $2,802 before falling to a weekly low of $2,774. However, gold rebounded to a new weekly high of $2,843, then continued to rise sharply and hit a record high of $2,886.85 after the University of Michigan consumer sentiment survey data showed that inflation expectations increased by 1 percentage point in just one month.
However, this peak did not last long as gold prices fell to $2,860/ounce and then moved sideways within a narrow range of about $5 until the end of the week.
Regarding the outlook for the gold market, Joe Cavatoni - Americas Market Strategist at the World Gold Council - commented: "Gold prices are responding to political tensions and are seen as a hedge against market uncertainty. Gold currently plays a dual role, both as a strategic asset and a tactical investment channel."
Investors remain closely monitoring potential inflationary pressures and their implications for monetary policy, which could continue to support the upward trend in gold prices in the international market.
David Meger, director of metals trading at High Ridge Futures, said: “The focus of the gold market today is still on the uncertainties related to President Trump's tariff policy.”
Goldman Sachs Bank predicts that the world gold price may continue to increase to the threshold of 3,000 USD/ounce due to the impact of US policies and the increasing demand for risk prevention from investors.
Cao Thong (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-10-2-2025-sjc-on-dinh-tai-nguong-90-3-trieu-dong-luong/20250210092423323
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