Gold price today February 20, 2025 maintains a sustainable upward momentum in the world and domestic markets. It is forecasted that gold price may drop to 2,700 - 2,750 USD/ounce in March. After a decline due to profit-taking, gold price will gradually increase again.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 90,100 ▲700K | 91,900 ▲900K |
| HCMC - SJC | 89,600 ▲1000K | 91,900 ▲800K |
| Hanoi - PNJ | 90,100 ▲700K | 91,900 ▲900K |
| Hanoi - SJC | 89,600 ▲1000K | 91,900 ▲800K |
| Da Nang - PNJ | 90,100 ▲700K | 91,900 ▲900K |
| Da Nang - SJC | 89,600 ▲1000K | 91,900 ▲800K |
| Western Region - PNJ | 90,100 ▲700K | 91,900 ▲900K |
| Western Region - SJC | 89,600 ▲1000K | 91,900 ▲800K |
| Jewelry gold price - PNJ | 90,100 ▲700K | 91,900 ▲900K |
| Jewelry gold price - SJC | 89,600 ▲1000K | 91,900 ▲800K |
| Jewelry gold price - Southeast | PNJ | 90,100 ▲700K |
| Jewelry gold price - SJC | 89,600 ▲1000K | 91,900 ▲800K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 90,100 ▲700K |
| Jewelry gold price - Jewelry gold 999.9 | 89,200 ▲800K | 91,700 ▲800K |
| Jewelry gold price - Jewelry gold 999 | 89,110 ▲800K | 91,610 ▲800K |
| Jewelry gold price - Jewelry gold 99 | 88,380 ▲790K | 90,880 ▲790K |
| Jewelry gold price - 916 gold (22K) | 81,600 ▲740K | 84,100 ▲740K |
| Jewelry gold price - 750 gold (18K) | 66,430 ▲600K | 68,930 ▲600K |
| Jewelry gold price - 680 gold (16.3K) | 60,010 ▲550K | 62,510 ▲550K |
| Jewelry gold price - 650 gold (15.6K) | 57,260 ▲520K | 59,760 ▲520K |
| Jewelry gold price - 610 gold (14.6K) | 53,590 ▲490K | 56,090 ▲490K |
| Jewelry gold price - 585 gold (14K) | 51,300 ▲470K | 53,800 ▲470K |
| Jewelry gold price - 416 gold (10K) | 35,800 ▲340K | 38,300 ▲340K |
| Jewelry gold price - 375 gold (9K) | 32,040 ▲300K | 34,540 ▲300K |
| Jewelry gold price - 333 gold (8K) | 27,910 ▲260K | 30,410 ▲260K |
Update gold price today 20/2/2025
Domestic gold prices continue to surge strongly, recording a new high.
Specifically, at the end of the trading session on the afternoon of February 19, Saigon Jewelry Company (SJC) listed the price of gold bars at VND89.6 million/tael (buy) and VND91.9 million/tael (sell). A sharp increase of VND1 million/tael in the buying direction - an increase of VND800,000/tael in the selling direction compared to the closing price of yesterday's trading session.
DOJI system listed SJC gold at buying price of 89.6 million VND/tael and selling price of 91.9 million VND/tael. This price increased sharply by 1 million VND/tael for buying - increased by 800 thousand VND/tael for selling compared to yesterday.
At Mi Hong Jewelry Company, the buying price of SJC gold is 88.5 million VND/tael and the selling price is 89.5 million VND/tael. Thus, compared to yesterday's session, the buying price decreased by 100 thousand VND/tael and the selling price decreased by 500 thousand VND/tael.
Bao Tin Minh Chau Company Limited listed the price of SJC gold at 90 million VND/tael (buy) and 91.4 million VND/tael (sell). This price increased sharply by 500 thousand VND/tael for buying - increased by 900 thousand VND/tael for selling compared to yesterday.
The current buying price of SJC 9999 gold rings is 89.6 million VND/tael and the selling price is 91.7 million VND/tael. A sharp increase of 1 million VND/tael in the buying direction - an increase of 800 thousand VND/tael in the selling direction compared to the end of yesterday's trading session.
For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price increased to 90.1 million VND/tael and the selling price increased sharply to 91.9 million VND/tael, an increase of 500 thousand VND/tael in buying - an increase of 800 thousand VND/tael in selling compared to yesterday.
World gold prices continue to rise, trading close to the $2,950/ounce mark.
According to the World and Vietnam Newspaper at 7:00 p.m. on February 19, the world gold price on the Kitco exchange was at 2,942.5 - 2,943.5 USD/ounce, an increase of 8 USD compared to the previous trading session.
Markets are now awaiting peace talks after the Trump administration agreed to hold further discussions with Russia on ending the conflict in Ukraine.
The Trump administration has agreed to hold further talks with Russia on ending tensions in Ukraine after initial peace talks between Russia and Ukraine ended without Ukraine or Europe, limiting the precious metal’s gains.
Precious metals are seen as a traditional hedge against rising inflation and geopolitical uncertainties.
In addition, gold is also waiting for the minutes of the January 2025 meeting of the US Federal Reserve (Fed) to be released later in the day to look for clues about the bank's interest rate roadmap in 2025.
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| Gold price today February 20, 2025: Gold price increases steadily, can there be a crash? The level of 3,100 USD/ounce is about to appear. (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 89.6 - 91.9 million VND/tael.
DOJI Group: SJC gold bars 89.6 - 91.9 million VND/tael.
PNJ system: SJC gold bars 90.1 - 91.9 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 89.7 - 91.9 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 89.6 - 91.9 million VND/tael.
Gold price may drop to 2,700 - 2,750 USD/ounce in March?
The moves from the US that have increased concerns about global inflation are the main reason why world gold prices have continuously increased sharply recently.
Gold expert Tran Duy Phuong said that the market is gradually consuming this information.
This expert emphasized: "If this week the world gold price closes below 2,900 USD/ounce, it is highly likely that the market has basically consumed all the information. The gold price will shift to a correction trend after a period of rapid increase, and a collapse may occur.
The total decrease of about 150 - 200 USD/ounce will take place gradually over several weeks. It is forecasted that the price of gold may fall to 2,700 - 2,750 USD/ounce in March. After the decline due to profit-taking, the price of gold will gradually increase again.
However, it is necessary to clearly recognize that under President Donald Trump, there are many risk factors causing global financial instability, so it will basically positively support gold."
Forecasting the increase in precious metals, Mr. Phuong said that the world gold price could reach a maximum of 3,100 USD/ounce. This price could appear at the end of the second quarter, at the latest in the third quarter.
This expert emphasized: "In the next half year, gold prices will sometimes increase and sometimes decrease, but the general trend is upward. When they reach a peak of about 3,100 USD/ounce, prices will begin to cool down."
Meanwhile, Mr. Adam Button, head of currency strategy at Forexlive.com, said that precious metals will increase higher in the coming time.
"The People's Bank of China has returned to buying gold, which could be a factor that causes gold prices to increase sharply in the coming time," he stressed.
Source: https://baoquocte.vn/gia-vang-hom-nay-2022025-gia-vang-tang-ben-vung-co-the-dien-ra-cu-sap-muc-3100-usdounce-sap-xuat-hien-304879.html
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