Gold price today, February 12, 2024, recorded a world market surge to a record high, approaching the $3,000/ounce mark due to Mr. Trump's tariffs. Experts predict that the price of precious metals could reach $3,250 - $3,500/ounce in the near future.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 88,000 ▼300K | 90,500 ▼600K |
| HCMC - SJC | 88,000 ▼300K | 90,500 ▼800K |
| Hanoi - PNJ | 88,000 ▼300K | 90,500 ▼600K |
| Hanoi - SJC | 88,000 ▼300K | 90,500 ▼800K |
| Da Nang - PNJ | 88,000 ▼300K | 90,500 ▼600K |
| Da Nang - SJC | 88,000 ▼300K | 90,500 ▼800K |
| Western Region - PNJ | 88,000 ▼300K | 90,500 ▼600K |
| Western Region - SJC | 88,000 ▼300K | 90,500 ▼800K |
| Jewelry gold price - PNJ | 88,000 ▼300K | 90,500 ▼600K |
| Jewelry gold price - SJC | 88,000 ▼300K | 90,500 ▼800K |
| Jewelry gold price - Southeast | PNJ | 88,000 ▼300K |
| Jewelry gold price - SJC | 88,000 ▼300K | 90,500 ▼800K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 88,000 ▼300K |
| Jewelry gold price - Jewelry gold 999.9 | 87,800 ▼500K | 90,300 ▼500K |
| Jewelry gold price - Jewelry gold 999 | 87,710 ▼500K | 90,210 ▼500K |
| Jewelry gold price - Jewelry gold 99 | 87,000 ▼490K | 89,500 ▼490K |
| Jewelry gold price - 916 gold (22K) | 80,320 ▼450K | 82,820 ▼450K |
| Jewelry gold price - 750 gold (18K) | 65,380 ▼370K | 67,880 ▼370K |
| Jewelry gold price - 680 gold (16.3K) | 59,050 ▼340K | 61,550 ▼340K |
| Jewelry gold price - 650 gold (15.6K) | 56,350 ▼320K | 58,850 ▼320K |
| Jewelry gold price - 610 gold (14.6K) | 52,730 ▼310K | 55,230 ▼310K |
| Jewelry gold price - 585 gold (14K) | 50,480 ▼290K | 52,980 ▼290K |
| Jewelry gold price - 416 gold (10K) | 35,220 ▼200K | 37,720 ▼200K |
| Jewelry gold price - 375 gold (9K) | 31,510 ▼190K | 34,010 ▼190K |
| Jewelry gold price - 333 gold (8K) | 27,450 ▼160K | 29,950 ▼160K |
Update gold price today 12/2/2025
Domestic gold prices plummeted at the close of trading on February 11.
In the session of February 11, domestic gold prices fluctuated erratically. Specifically, at the opening of the trading session, gold trading enterprises simultaneously raised the price of SJC gold bars to 90.1 - 93.1 million VND, an increase of 1.8 million VND/tael compared to the closing price yesterday. The difference between buying and selling was 3 million VND/tael.
The selling price of SJC gold bars this morning at PNJ Company increased to 93.1 million VND/tael, an increase of 1.8 million VND/tael compared to the end of yesterday.
This is the highest price of SJC gold bars ever, breaking the record price of 92.2 million VND/tael set on May 10, 2024.
However, at the end of the afternoon session on February 11, the gold price was continuously adjusted down. By 3:34 p.m. on February 11, the price of SJC gold bars was only VND88.2-90.7 million/tael (buy - sell), down VND1.9 million/tael in the buying direction, down VND2.33 million/tael compared to the morning session. The difference between buying and selling was VND2.5 million/tael.
Bao Tin Minh Chau also adjusted the price of Thang Long Dragon Gold Rings down to 88.5-90.65 million VND/tael (buy - sell), down 600 thousand VND/tael for buying, down 2.4 million VND/tael for selling. The difference between buying and selling is 2.25 million VND/tael.
Doji Group also listed the price of Hung - Thinh - Vuong gold rings at 89.2-91.4 million VND/tael (buy - sell); Phu Quy listed the price of gold rings at 88.8-91.3 million VND/tael (buy - sell).
World gold prices soared to a record high, approaching the $3,000/ounce mark in the afternoon session of February 11 due to safe-haven demand after US President Donald Trump imposed new tariffs on imported steel and aluminum.
According to the World and Vietnam Newspaper at 6:00 p.m. on February 11 on the Kitco exchange, the world gold price was at 2,903.9 - 2,904.9 USD/ounce.
Gold prices have surged to record highs in 2025 as investors navigate uncertainties surrounding US trade policy.
On February 10, Mr. Trump raised tariffs on imported steel and aluminum to 25% with “no exceptions or exemptions,” raising the risk of a trade war. Concerns about the US import tax plan were reflected in the gold futures market, with futures contracts trading at a premium of about $25 above the spot price.
Tariffs could exacerbate inflation and delay U.S. interest rate cuts. Tariff-related risks have sparked a new gold rush, with the precious metal potentially climbing to $3,000 an ounce.
Markets are awaiting Consumer Price Index (CPI) and Producer Price Index (PPI) data due this week, as well as Federal Reserve Chairman Jerome Powell's testimony before Congress on February 11-12.
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| Gold price today April 7, 2024. (Source: Kitco News) |
Summary of gold prices at major domestic trading brands at closing times of trading session on the afternoon of February 11:
Saigon Jewelry Company SJC: SJC gold bars 88.2 - 91.7 million VND/tael.
DOJI Group: SJC gold bars 88.2 - 91.7 million VND/tael.
PNJ system: SJC gold bars 88.2 - 90.65 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 88.2 - 91.7 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 88.2 - 91.7 million VND/tael.
What is the main reason behind the increase in gold prices?
Gold prices have been hitting new record highs since the beginning of 2025, mainly due to concerns about Trump’s tax policies. Factors such as weak global growth, the risk of trade wars and high inflation have prompted investors to seek gold as a safe haven asset.
"Clearly the tariff war is the main reason for the increase in gold prices. This reflects the increased uncertainty and tension in global trade," said Edward Meir, an analyst at financial services company Marex.
Meanwhile, Phillip Streible, chief strategist at Blue Line Futures, a futures trading firm, sees gold's continued rally since December 2024 as likely to create a "self-reinforcing" effect, pushing prices to higher levels.
This expert predicts that the price of precious metals could reach 3,250 - 3,500 USD/ounce in the near future.
Agreeing, market analyst Alex Kuptsikevich of FxPro predicts that the gold price rally has just begun and that $3,000 an ounce is the beginning. He predicts that the price of the precious metal is likely to reach $3,400 an ounce between August and October this year.
Tobina Kahn, President of House of Kahn Estate Jewelers, said that in the current environment, gold prices will easily reach $3,000 an ounce, so it is not surprising that some consumers are hesitant to sell broken or unused jewelry at this time.
She predicts that precious metal prices will continue to be supported by geopolitical uncertainty in 2025.
“Gold is attractive because it is not subject to political risk. With all the geopolitical uncertainty and talk of trade wars, gold is the only asset that has stability. Gold will continue to hold its ground until the US gets its government debt under control,” said Tobina Kahn.
Source: https://baoquocte.vn/gia-vang-hom-nay-1222024-gia-vang-the-gioi-chung-kien-con-cuong-phong-se-tang-toi-3500-usdounce-sjc-bien-dong-that-thuong-303933.html
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