Gold price on January 13, 2025: Contrary to the world trend, domestic gold price decreased

DNVN - Although the world gold price recorded an increase, the domestic gold market on the morning of January 13 slightly decreased.

Specifically, at 9:00 a.m., the price of SJC gold bars listed by DOJI Gold and Gemstone Group was at VND84.6 - 86.6 million/tael (buy - sell), down VND200,000 in both directions compared to the price at the end of last week.

Similarly, Saigon Jewelry Company (SJC) also announced the price of 84.6 - 86.6 million VND/tael (buy - sell), down 200,000 VND in both transaction directions.

Not only gold bars, gold ring prices also recorded a decrease. Specifically, SJC gold ring prices reached 84.5 - 85.8 million VND/tael (buy - sell), down 300,000 VND/tael for buying and 200,000 VND/tael for selling.

At Bao Tin Minh Chau Company, the price of gold rings is listed at 85.2 - 86.6 million VND/tael (buy - sell), down 200,000 VND/tael compared to the closing price last weekend.

In the international market, gold prices rose again in the last trading session of the week on January 10. This recovery was fueled by concerns related to the economic policies of the new US administration, despite better-than-expected employment data. Spot gold prices rose 0.6% to $2,686.24/ounce, while US gold futures rose 0.9% to close at $2,715/ounce.

During the session, the price of gold fell to $2,663.09/ounce after the US Department of Labor released a report showing that the number of new jobs in December 2024 reached 256,000, much higher than the forecast of 160,000. The unemployment rate in the US in December 2024 reached 4.1%, lower than the forecast of 4.2%. However, the market quickly recovered, bringing the world gold price to its highest level since December 12, 2024, with a weekly increase of more than 1.7%.

“Gold prices are still very volatile ahead of the jobs report. One of the factors supporting gold is the uncertainty we saw ahead of the inauguration,” said David Meger, director of metals trading at High Ridge Futures.

Trump is set to take office on January 20, and his tariff policies threaten to spark a trade war and fuel inflation. Gold, seen as a hedge against inflation, could see its price rise.

Demand for safe-haven assets is helping to boost gold prices, offsetting pressure from a stronger dollar and higher interest rates, said UBS analyst Giovanni Staunovo.

Cao Thong (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-13-1-2025-nguoc-chieu-the-gioi-gia-vang-trong-nuoc-giam/20250113094610789