Strong growth in brands

Gold price on the afternoon of January 2, 2025 in the domestic market

Gold price on the afternoon of January 2, 2025: Strong increase at brands

SJC gold in Hanoi and Da Nang: Listed price is 83.5 million VND/tael for buying and 85 million VND/tael for selling. Prices increased by 1.3 million VND/tael and 800,000 VND/tael respectively compared to before.

SJC Phu Quy Gold: Traded at 83.6 million VND/tael for buying and 85 million VND/tael for selling, up 1.2 million VND for buying and 800,000 VND for selling.

DOJI Gold in Hanoi and Ho Chi Minh City: Buying price is 83.5 million VND/tael, selling price is 85 million VND/tael, recording a similar increase of 1.3 million VND/tael for buying and 800,000 VND/tael for selling.

PNJ Gold in Ho Chi Minh City: The buying price is currently at 83.9 million VND/tael, an increase of 500,000 VND, while the selling price is 85 million VND/tael, an increase of 800,000 VND compared to the previous day.

Gold at Bao Tin Minh Chau: SJC gold bars and plain round gold rings are currently listed by the company at 83.5 million VND/tael for buying and 85 million VND/tael for selling, an increase similar to other SJC gold brands.

Gold price on the afternoon of January 2, 2025 in the international market

Over the past two days, the international gold price has increased by about 30 USD per ounce, reaching 2,634 USD. Converted according to Vietcombank's selling rate, the world gold price is equivalent to about 81.2 million VND per tael. Currently, the difference between domestic and international gold prices fluctuates around 4 million VND per tael.

According to Mr. Heng Koon How, Head of Market Strategy, Global Economics and Markets Research, UOB Singapore, gold is still benefiting greatly from global economic and geopolitical uncertainties.

Longer-term, gold price drivers remain stable, including the increasing allocations of emerging markets and Asian central banks, as well as physical gold and jewelry demand from the retail sector. Central bank and consumer demand is largely driven by diversification from risks arising from economic and geopolitical volatility related to the US dollar, especially under the controversial trade and fiscal policies of President Donald Trump’s second term.

UOB experts maintain a positive view on gold prices, saying that safe-haven demand will continue to be high amid increasing geopolitical and economic risks.

Source: https://baodaknong.vn/gia-vang-chieu-ngay-2-1-2025-tang-manh-tai-cac-thuong-hieu-238690.html