Gold price today February 4, 2025, Gold price increased as the market sought safe haven, worried about the impact of US President Donald Trump's tariff policy. Further tariff escalation could push gold price to $3,000/ounce. Domestic gold price is on the rise.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 87,800 ▲1200K | 89,500 ▲1400K |
| HCMC - SJC | 87,800 ▲1000K | 89,800 ▲1000K |
| Hanoi - PNJ | 87,800 ▲1200K | 89,500 ▲1400K |
| Hanoi - SJC | 87,800 ▲1000K | 89,800 ▲1000K |
| Da Nang - PNJ | 87,800 ▲1200K | 89,500 ▲1400K |
| Da Nang - SJC | 87,800 ▲1000K | 89,800 ▲1000K |
| Western Region - PNJ | 87,800 ▲1200K | 89,500 ▲1400K |
| Western Region - SJC | 87,800 ▲1000K | 89,800 ▲1000K |
| Jewelry gold price - PNJ | 87,800 ▲1200K | 89,500 ▲1400K |
| Jewelry gold price - SJC | 87,800 ▲1000K | 89,800 ▲1000K |
| Jewelry gold price - Southeast | PNJ | 87,800 ▲1200K |
| Jewelry gold price - SJC | 87,800 ▲1000K | 89,800 ▲1000K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 87,800 ▲1200K |
| Jewelry gold price - Jewelry gold 999.9 | 87,700 ▲1200K | 89,100 ▲1200K |
| Jewelry gold price - Jewelry gold 999 | 87,610 ▲1200K | 89,010 ▲1200K |
| Jewelry gold price - Jewelry gold 99 | 87,310 ▲1190K | 88,310 ▲1190K |
| Jewelry gold price - 916 gold (22K) | 80,720 ▲1100K | 81,720 ▲1100K |
| Jewelry gold price - 750 gold (18K) | 65,580 ▲900K | 66,980 ▲900K |
| Jewelry gold price - 680 gold (16.3K) | 59,340 ▲820K | 60,740 ▲820K |
| Jewelry gold price - 650 gold (15.6K) | 56,670 ▲780K | 58,070 ▲780K |
| Jewelry gold price - 610 gold (14.6K) | 53,100 ▲730K | 54,500 ▲730K |
| Jewelry gold price - 585 gold (14K) | 50,870 ▲700K | 52,270 ▲700K |
| Jewelry gold price - 416 gold (10K) | 35,820 ▲500K | 37,220 ▲500K |
| Jewelry gold price - 375 gold (9K) | 32,160 ▲450K | 33,560 ▲450K |
| Jewelry gold price - 333 gold (8K) | 28,150 ▲390K | 29,550 ▲390K |
Update gold price today 2/4/2025
Domestic gold prices increased sharply on the morning of February 3.
Specifically, Saigon Jewelry Company (SJC) and DOJI Jewelry Group announced the selling price of SJC gold bars at 87.3 - 89.3 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling directions compared to the previous session's closing price.
Similar to SJC gold bars, the price of gold rings announced by Saigon Jewelry Company SJC is at 87 - 88.7 million VND/tael (buy - sell), an increase of 700 thousand VND/tael for buying and an increase of 300 thousand VND/tael for selling compared to the previous session's closing price.
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| Gold price today February 4, 2025. (Source: Reuters) |
Summary of gold prices at major domestic trading brands at closing times on the afternoon of February 3:
Saigon Jewelry Company SJC: SJC gold bars 87.8 - 89.8 million VND/tael; SJC gold rings 87.5 - 89.2 million VND/tael.
DOJI Group: SJC gold bars 87.8 - 89.8 million VND/tael; 9999 round rings (Hung Thinh Vuong) 88.1 - 89.5 million VND/tael.
PNJ system: SJC gold bars 87.8 - 89.8 million VND/tael; PNJ 999.9 plain gold rings: 87.8 - 89.5 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 87.8 - 89.8 million VND/tael; Phu Quy 999.9 round gold rings: 87.7 - 89.7 million VND/tael.
The price of SJC gold at Bao Tin Minh Chau is listed at 87.8 - 89.8 million VND/tael. The price of round, smooth gold rings at Vang Rong Thang Long is listed at 87.8 - 89.75 million VND/tael.
Thus, compared to the morning session of February 3, at the end of the afternoon session of the same day, in the domestic market, the price of gold bars and gold rings tended to increase, an increase of about 500,000 VND/tael.
According to the World & Vietnam Newspaper , information on Kitco News , as of 8:03 p.m. Vietnam time on February 3, the world gold price was listed at 2,814.2 USD/ounce, an increase of 17.9 USD/ounce compared to the previous trading session.
Converted according to USD price at Vietcombank on February 3, 1 USD = 25,500 VND, world gold price is equivalent to 86.46 million VND/tael.
World gold price increased sharply
World gold prices rose as US President Donald Trump's tariff policies boosted interest in safe havens.
In the trading session on February 3, in the world market, gold prices erased initial losses to maintain a record high due to safe-haven demand, fueled by concerns about growth and inflation due to US President Donald Trump's tariff policy on Mexico, Canada and China.
Gold prices fell more than 1% in early trading as the US dollar strengthened. However, the precious metal recovered impressively, with spot gold rising to $2,799.09 an ounce at 11:46 GMT, while US gold futures fell just 0.1% to $2,832 an ounce, still trading at a premium to spot prices.
The 25% tariffs imposed by the Trump administration on imports from Canada and Mexico from February 4, along with a 10% charge on Chinese goods, have raised concerns about a trade war that could slow global growth and boost inflation.
Canada and Mexico have announced retaliatory measures while China said it would file a complaint about US tariffs with the World Trade Organization (WTO) and take unspecified countermeasures.
Gold, often seen as a safe investment during times of economic or geopolitical uncertainty, soared to a record high of $2,817.23 an ounce on Jan. 31. However, the price of the precious metal fell early on Feb. 3 as the dollar rose the most in three weeks, making gold more expensive for buyers holding other currencies.
"The stronger dollar is temporarily weighing on gold, but the safe-haven case for gold still makes sense to me in a world where there is a potential tariff war," said UBS analyst Giovanni Staunovo . "I still see gold rising from current levels, with prices expected to rise to $2,850 an ounce in the coming months."
Meanwhile, JP Morgan notes that negative equity contagion could weigh on gold in the near term, but tariff disruptions continue to fuel the medium-term bullion trend. This week, U.S. jobs data could provide insight into the health of the world's largest economy.
Earlier in the same trading session on the afternoon of February 3, gold prices in Asia fell after reaching a record high, due to the strong increase in the USD.
While tariff announcements would typically push gold higher due to increased safe-haven demand, a stronger dollar and expectations of fewer rate cuts by the US Federal Reserve are weighing on gold, said Jigar Trivedi , senior analyst at Reliance Securities.
Matt Simpson , senior analyst at City Index, said the immediate bearish reaction could be short-lived, and he expects gold to continue to outperform this year, due to inflation risks and trade tensions.
Meanwhile, Mr. Tim Waterer , Chief Market Analyst of KCM Trade, said that gold prices need to stay at $2,750/ounce to avoid the possibility of a sharper decline.
Further tariff escalations would be positive for gold and could push the precious metal to an all-time high of $3,000 an ounce, Citi said.
Source: https://baoquocte.vn/gia-vang-hom-nay-422025-gia-vang-tang-vu-vu-sau-hanh-dong-cua-ong-trump-tien-gan-dinh-cao-nhat-moi-thoi-dai-trong-nuoc-lien-tuc-di-len-302942.html
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