Gold price today February 18, 2025, Gold price increased due to weaker USD and concerns about a trade war in the context of US President Donald Trump threatening tit-for-tat tariffs. The precious metal was also supported by increased buying from China. Gold ring price continued to increase.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 89,100 ▲800K | 90,550 ▲350K |
| HCMC - SJC | 87,600 ▲300K | 90,600 ▲300K |
| Hanoi - PNJ | 89,100 ▲800K | 90,550 ▲350K |
| Hanoi - SJC | 87,600 ▲300K | 90,600 ▲300K |
| Da Nang - PNJ | 89,100 ▲800K | 90,550 ▲350K |
| Da Nang - SJC | 87,600 ▲300K | 90,600 ▲300K |
| Western Region - PNJ | 89,100 ▲800K | 90,550 ▲350K |
| Western Region - SJC | 87,600 ▲300K | 90,600 ▲300K |
| Jewelry gold price - PNJ | 89,100 ▲800K | 90,550 ▲350K |
| Jewelry gold price - SJC | 87,600 ▲300K | 90,600 ▲300K |
| Jewelry gold price - Southeast | PNJ | 89,100 ▲800K |
| Jewelry gold price - SJC | 87,600 ▲300K | 90,600 ▲300K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 89,100 ▲800K |
| Jewelry gold price - Jewelry gold 999.9 | 87,900 ▲300K | 90,400 ▲300K |
| Jewelry gold price - Jewelry gold 999 | 87,810 ▲300K | 90,310 ▲300K |
| Jewelry gold price - Jewelry gold 99 | 87,100 ▲300K | 89,600 ▲300K |
| Jewelry gold price - 916 gold (22K) | 80,410 ▲280K | 82,910 ▲280K |
| Jewelry gold price - 750 gold (18K) | 65,450 ▲220K | 67,950 ▲220K |
| Jewelry gold price - 680 gold (16.3K) | 59,120 ▲200K | 61,620 ▲200K |
| Jewelry gold price - 650 gold (15.6K) | 56,410 ▲190K | 58,910 ▲190K |
| Jewelry gold price - 610 gold (14.6K) | 52,790 ▲180K | 55,290 ▲180K |
| Jewelry gold price - 585 gold (14K) | 50,530 ▲170K | 53,030 ▲170K |
| Jewelry gold price - 416 gold (10K) | 35,260 ▲130K | 37,760 ▲130K |
| Jewelry gold price - 375 gold (9K) | 31,550 ▲110K | 34,050 ▲110K |
| Jewelry gold price - 333 gold (8K) | 27,480 ▲100K | 29,980 ▲100K |
Update gold price today 2/18/2025
Domestic gold price increased slightly on the morning of February 17.
Domestic gold ring and gold bar prices increased slightly in the first session of the week on the morning of February 17.
Specifically, Saigon Jewelry Company (SJC) and DOJI Jewelry Group listed the selling price of SJC gold bars at VND87.6 - 90.6 million/tael (buy - sell), an increase of VND300,000/tael in both buying and selling prices compared to the previous session's close.
Similarly, the price of gold rings increased slightly. Saigon Jewelry Company SJC listed the price of gold rings at 87.6 - 90.4 million VND/tael (buy - sell); an increase of 300 thousand VND/tael in both buying and selling compared to the previous closing price.
At Bao Tin Minh Chau Company, the listed price of gold rings is at 88.95 - 90.6 million VND/tael (buy - sell); an increase of 400 thousand VND/tael for buying and an increase of 500 thousand VND/tael for selling compared to the closing price at the end of last week.
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| Gold price today February 18, 2025: Gold price skyrocketed, 'protecting' against the risk of trade tensions and moves from China, gold rings continued to rise. (Source: Reuters) |
Summary of gold prices at major domestic trading brands at closing times of trading session on the afternoon of February 17:
Saigon Jewelry Company SJC: SJC gold bars 87.6 - 90.6 million VND/tael; SJC gold rings 87.6 - 90.4 million VND/tael.
DOJI Group: SJC gold bars 87.7 - 90.7 million VND/tael; 9999 round rings (Hung Thinh Vuong) 89.0 - 90.7 million VND/tael.
PNJ system: SJC gold bars 87.6 - 90.6 million VND/tael; PNJ 999.9 plain gold rings: 89.1 - 90.55 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 88.2 - 90.6 million VND/tael; Phu Quy 999.9 round gold rings: 89.1 - 90.6 million VND/tael.
The price of SJC gold at Bao Tin Minh Chau is listed at 87.6 - 90.6 million VND/tael. The price of round, smooth gold rings at Vang Rong Thang Long is listed at 89.15 - 90.6 million VND/tael.
Thus, compared to the morning session of February 17, at the end of the afternoon session of the same day, in the domestic market, the price of gold bars remained unchanged while the price of gold rings tended to increase.
According to the World & Vietnam Newspaper , information on Kitco , as of 6:29 p.m. Vietnam time on February 17, the world gold price was listed at 2,900.1 USD/ounce, an increase of 17 USD/ounce compared to the previous trading session.
Converted according to USD price at Vietcombank on February 17, 1 USD = 25,640 VND, world gold price is equivalent to 89.59 million VND/tael.
World gold prices skyrocket as USD weakens
According to Reuters , world gold prices increased in the trading session on February 17, fluctuating above 2,900 USD/ounce, due to a weaker USD and concerns about an impending trade war when US President Donald Trump threatened to impose tit-for-tat tariffs.
Spot gold rose 0.7% to $2,903.08 an ounce as of 0950 GMT after hitting a record high of $2,942.70 an ounce last week. US gold futures rose 0.5% to $2,915.30 an ounce.
The greenback hovered near a two-month low, making bullion cheaper for buyers holding other currencies.
“Gold continues to benefit from investors seeking safe havens amid concerns about tariffs and trade wars,” said UBS analyst Giovanni Staunovo . “We continue to see gold prices rising, with a target of $3,000 an ounce. Prices are also benefiting from continued central bank demand.”
President Trump renewed his tariff threat on February 14, saying the auto tariffs would take effect as early as April 2. This is the latest in a series of trade actions he has announced since taking office for a second time.
Meanwhile, US Secretary of State Marco Rubio said on February 16 that Ukraine and Europe would engage in any "real negotiations" to end the Russia-Ukraine conflict.
“Progress in ongoing peace talks between Russia and Ukraine could dampen some of gold’s gains this year, although the precious metal still has enough momentum to keep spot prices supported,” said Han Tan , chief market analyst at Exinity Group.
Gold bullion is traditionally seen as a hedge against inflation and geopolitical instability, but higher interest rates reduce the appeal of the non-yielding precious metal.
Bank of America (BOA) remained bullish on gold late last week, maintaining its $3,000/ounce price forecast, although it admitted that the target could be just another missed signal in a much larger rally, according to Kitco .
The gold market has had a strong start to the year, with prices rising to a new record high above $2,900 an ounce, up around 11% since the start of the year.
“Gold’s rally so far has been driven largely by extraordinary purchases by the official sector,” said Michael Widmer , commodity strategist at BOA, in his latest research note. “Worries about budget deficits, trade disputes, wars, sanctions and asset freezes by the US, central banks and other investors have pushed spot gold prices to record levels.”
Looking ahead, strategist Widmer explained that with central bank gold purchases dominating the market, global investment demand would only need to increase by 1% for the precious metal to reach the bank's target.
At the same time, he noted that a 10% increase in investment demand would push gold prices to $3,500 an ounce.
“The number is huge, but not impossible,” he said.
China remains an important market to watch in the coming months, Widmer explained. Last week, Beijing launched a new pilot project that will allow Chinese insurance companies to invest up to 1% of their assets in gold.
However, BOA also noted that the Chinese market is just one pillar in a dynamic and growing global gold market. Widmer explained that gold’s linear price action highlights its upside potential, and this sentiment is also reflected in derivatives markets.
Widmer points out that the gold market can be extremely complex, as the contracts and agreements made between investors incorporate physical bullion, futures contracts and even gold leases.
Source: https://baoquocte.vn/gia-vang-hom-nay-1822025-gia-vang-tang-vot-tu-ve-truoc-nguy-co-cang-thang-thuong-mai-va-dong-thai-tu-trung-quoc-vang-nhan-theo-da-di-len-304621.html
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