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Gold has risen 63% in 16 months.

Báo Công thươngBáo Công thương12/02/2025

Gold price today, February 12, 2025: Gold prices have been trending upwards for the past 16 months, rising 63% since their low of $1,809.50 an ounce on October 23, 2023.


Gold price today, February 12, 2025

As of 4:30 AM on February 12, 2025, the gold prices on the exchanges of several companies were as follows:

At Saigon Jewelry Company (SJC), the price of gold bars was listed at 88-90.5 - 91.3 million VND/ounce (selling price), a decrease of 300,000 VND/ounce in the buying price and a decrease of 800,000 VND/ounce in the selling price compared to the close of yesterday's trading session.

The DOJI system listed SJC gold at a buying price of 88 million VND/ounce and a selling price of 90.5 million VND/ounce, a sharp decrease of 300,000 VND/ounce in the buying price and 800,000 VND/ounce in the selling price compared to yesterday.

Meanwhile, at Mi Hong Gold and Gemstone Company, the price of SJC gold at the time of the survey was listed at 88.1-89.8 million VND/ounce for buying and selling. Compared to yesterday, the price decreased by 200,000 VND/ounce for buying and remained unchanged for selling.

At Bao Tin Minh Chau Co., Ltd., the price of SJC gold is being traded at 88-90.5 million VND/ounce (buying price - selling price), a decrease of 300,000 VND/ounce in the buying price and 800,000 VND/ounce in the selling price compared to yesterday.

At Phu Quy, SJC gold prices are being traded at 88.2-90.7 million VND/ounce (buy-sell), a decrease of 100,000 VND/ounce in the buying price and 600,000 VND/ounce in the selling price compared to yesterday.

Giá vàng hôm nay 12/02/2025
Gold price today, February 12, 2025. Photo: PC

The latest gold price list for today, February 12, 2025, is as follows:

Gold price today February 12, 2025
(Million VND)
Difference
(thousand dong/ounce)
Buy Sell Buy Sell
SJC in Hanoi 88.0 90.5 -300 -800
DOJI Group 88.0 90.5 -300 -800
Mi Hong 88.1 89.8 -200 But
PNJ 88.0 90.5 -300 -800
Vietcombank Gold 90.5 -800
Bao Tin Minh Chau 88.0 90.5 -300 -800
Phu Quy 88.1 90.7 -200 -700
1. DOJI - Updated: 12/02/2025 13:50 - Website time of supply - / Compared to yesterday.
Type Buy Sell
AVPL/SJC HN 86,700 ▼1300K 90,200 ▼300K
AVPL/SJC HCM 86,700 ▼1300K 90,200 ▼300K
AVPL/SJC DN 86,700 ▼1300K 90,200 ▼300K
9999 Raw Materials - HN 88,500 ▲900K 89,300 ▼200K
Ingredients 999 - HN 88,400 ▲900K 89,200 ▼200K
AVPL/SJC Can Tho 86,700 ▼1300K 90,200 ▼300K
2. PNJ - Updated: 01/01/1970 08:00 - Website time of source - / Compared to yesterday.
Type Buy Sell
Ho Chi Minh City - PNJ 87,900 ▼100K 90.100 ▼400K
Ho Chi Minh City - SJC 86,700 ▼1300K 90,200 ▼300K
Hanoi - PNJ 87,900 ▼100K 90.100 ▼400K
Hanoi - SJC 86,700 ▼1300K 90,200 ▼300K
Da Nang - PNJ 87,900 ▼100K 90.100 ▼400K
Da Nang - SJC 86,700 ▼1300K 90,200 ▼300K
Western Region - PNJ 87,900 ▼100K 90.100 ▼400K
Western Region - SJC 86,700 ▼1300K 90,200 ▼300K
Gold jewelry prices - PNJ 87,900 ▼100K 90.100 ▼400K
Gold jewelry prices - SJC 86,700 ▼1300K 90,200 ▼300K
Gold jewelry prices - Southeast Vietnam PNJ 87,900 ▼100K
Gold jewelry prices - SJC 86,700 ▼1300K 90,200 ▼300K
Gold jewelry prices - Gold jewelry prices PNJ Plain Ring 999.9 87,900 ▼100K
Gold jewelry prices - 999.9 gold jewelry 87,500 ▼300K 90,000 ▼ 300,000
Gold jewelry prices - 999 gold jewelry 87,410 ▼300K 89,910 ▼300K
Gold jewelry prices - 99% pure gold jewelry 86,700 ▼300K 89,200 ▼300K
Jewelry gold price - 916 (22K) gold 80,040 ▼280K 82,540 ▼280K
Jewelry gold price - 750 (18K) gold 65,150 ▼230K 67,650 ▼230K
Jewelry gold price - 680 gold (16.3K) 58,850 ▼200K 61,350 ▼200K
Jewelry gold price - 650 gold (15.6K) 56,150 ▼200K 58,650 ▼200K
Jewelry gold price - 610 gold (14.6K) 52,550 ▼180K 55,050 ▼180K
Jewelry gold prices - 585 Gold (14K) 50,300 ▼180K 52,800 ▼180K
Jewelry gold price - 416 Gold (10K) 35,090 ▼130K 37,590 ▼130K
Jewelry gold price - 375 (9K) gold 31,400 ▼110K 33,900 ▼110K
Jewelry gold price - 333 Gold (8K) 27,350 ▼100K 29,850 ▼100K
3. AJC - Update: 12/02/2025 00:00 - Time on source website - / Compared to yesterday.
Type Buy Sell
99.99 Jewelry 8,690 ▼40K 9,000 ▼60K
99.9% Jewelry 8,680 ▼40K 8,990 ▼60K
NL 99.99 8,690 ▼40K
Round rings, not blister-packed, T.Binh 8,680 ▼40K
N.Tron, 3A, D.Vang T.Binh 8,780 ▼40K 9,010 ▼60K
N.Tron, 3A, D.Vang N.An 8,780 ▼40K 9,010 ▼60K
N.Tron, 3A, Vang Street, Hanoi 8,780 ▼40K 9,010 ▼60K
SJC Thai Binh gold 8,670 ▼150K 9,020 ▼50K
SJC Nghe An 8,670 ▼150K 9,020 ▼50K
SJC Hanoi 8,670 ▼150K 9,020 ▼50K

World gold price today, February 12, 2025, and chart of world gold price fluctuations over the past 24 hours.

According to Kitco, the spot price of gold in the world market at 4:30 AM Vietnam time today was $2,899.07 USD/ounce. The price of gold remained unchanged compared to yesterday. Converted using the USD exchange rate on the free market (25,630 VND/USD), the world gold price is approximately 89.5 million VND/ounce (excluding taxes and fees). Therefore, the price of SJC gold bars is currently about 1 million VND/ounce higher than the international gold price.

Giá vàng hôm nay 12/02/2025:
World gold price movements over the past 24 hours.

Gold prices surged to new record highs, driven by concerns over geopolitical tensions. Spot gold prices rose to an all-time high of $2,942.70 per ounce in Asian trading on Tuesday, surpassing the previous peak of $2,911.30 set on Monday and marking the eighth record high set so far in 2025.

Gold prices have been trending upward for the past 16 months, rising 63% since their low of $1,809.50 per ounce on October 23, 2023. The rally has accelerated since Trump's election in November for a second term in the White House, with a 16% increase from a low of $2,536.71 per ounce on November 15.

Investors are turning to gold as a safe haven amid rising uncertainty as Trump imposes various trade tariffs and threatens to impose more.

In its latest announcement, the United States has imposed a 25% tariff on aluminum and steel imports, revoking exemptions for major suppliers such as Canada and Brazil.

President Trump has also imposed a full 10% tariff on imports from his top trading partner, China, and threatened to impose a 25% tariff on all imports from Canada and Mexico, as well as proposing new tariffs on imported automobiles, computer chips, and pharmaceuticals.

The increase in US tariffs and the potential for retaliation from other countries threaten to slow global economic growth, fuel inflation, and tighten monetary policy. Investors are responding by buying gold, with money flowing into exchange-traded funds (ETFs).

The largest gold ETF, the SPDR Gold Trust, saw its gold holdings surge to 27.92 million ounces on February 7th, up 1.3% from a recent low of 27.55 million on January 27th. While trade headlines may be driving the current price increase, other factors remain to support the bullish outlook.

Over the past two decades, the price of gold has been primarily driven by three factors, with the strongest increases occurring when all three factors converge.

According to Reuters experts, the three main drivers are consumer demand in China and India, central bank purchases, and investment flows. Perhaps the most important of these three pillars for gold in recent years has been consumer demand in China and India, which together account for more than half of global consumer demand, according to data from the World Gold Council (WGC).

Chinese consumer demand for gold is projected at 815.5 tonnes in 2024, down 10% from 2023, while Indian demand is estimated at 802.8 tonnes, up 5%. The combined total purchases by these two largest buyers amount to 1,618.3 tonnes, accounting for 53% of global consumer demand.

While China and India still dominate in terms of consumer demand, the momentum has slowed in recent years, and it is possible that these two countries are shifting from being the driving force behind gold prices to providing a foundation for demand when prices fall.

This leaves the remaining two factors as the current drivers of gold prices, both of which are more difficult to predict. Central bank buying has been strong over the past three years, with WGC data showing net purchases of 1,044.6 tonnes in 2024. While this figure is slightly lower than the 1,050.8 tonnes in 2023 and 1,082 tonnes in 2022, it marks the third consecutive year that central bank inflows have exceeded 1,000 tonnes.

This rate is double the annual average of 473 tonnes during the 2010-2021 period and highlights the increasing role of central banks in driving demand for gold.

However, because central bank buying is determined by policy rather than market forces, predicting its direction is very difficult.

However, Trump's often erratic and contradictory policies could encourage many countries to build financial reserves outside of US assets such as Treasury bonds, which could keep demand high into 2025.

The third investment flow is also driven in part by a desire for diversification, but also by money seeking a safe haven and as a hedge against inflation.

This is where Trump's policies are most likely to support gold, but there is a major caveat as the US president has proven he can turn things around quickly, and this unpredictability could fuel gold volatility this year.

Here are some recommended addresses for popular gold shops in Hanoi:

1. Bao Tin Minh Chau - 15-29 Tran Nhan Tong Street, Bui Thi Xuan Ward, Hai Ba Trung District, Hanoi

2. DOJI Gold, Silver and Gemstone Company - 5 Le Duan Street, Dien Bien Ward, Ba Dinh District, Hanoi

3. SJC chain of stores in the Northern region - 18 Tran Nhan Tong Street, Nguyen Du Ward, Hai Ba Trung District, Hanoi City

4. PNJ chain store in Northern Vietnam - 222 Tran Duy Hung, Trung Hoa Ward, Cau Giay District, Hanoi

5. Phu Quy Gold and Silver - 30 Tran Nhan Tong Street, Hai Ba Trung District, Hanoi

6. Ngoc Anh Gold and Silver Shop – 47 Lo Duc Street, Pham Dinh Ho Ward, Hai Ba Trung District, Hanoi

7. Quy Tung Gold Shop – 102 Khuong Dinh Street, Thanh Xuan District, Hanoi

8. Bao Tin Lan Vy - 84A Tran Duy Hung Street, Cau Giay District, Hanoi

9. Hoang Anh Gold and Silver Shop – 43 Thai Thinh Street, Dong Da District, Hanoi

10. Huy Thanh Jewelry - No. 23/100 (formerly: No. 30A, Lane 8), Doi Can Street, Ba Dinh District, Hanoi

Here are some recommended addresses of popular gold shops in Ho Chi Minh City:

1. Mi Hong Gold Shop - 306 Bui Huu Nghia Street, Ward 2, Binh Thanh District, Ho Chi Minh City

2. Kim Ngoc Thuy Gold Shop - 466 Hai Ba Trung Street, Tan Dinh Ward, District 1, Ho Chi Minh City

3. Saigon Gold, Silver and Gemstone Company Limited - 418-420 Nguyen Thi Minh Khai Street, Ward 5, District 3, Ho Chi Minh City

4. Tan Tien Gold, Silver and Gemstones - 161 Hanoi Highway, Thao Dien Ward, District 2, Ho Chi Minh City

5. Gold, Silver, Gemstones, and Jade - No. 161 Hanoi Highway, Thao Dien Ward, District 2, Ho Chi Minh City

6. Kim Thanh Thao Gold Shop - 209 Tan Huong Street, Tan Quy Ward, Tan Phu District, Ho Chi Minh City

7. Kim Thanh Nam Gold Shop - 81A Nguyen Duy Trinh Street, Binh Trung Tay Ward, District 2, Ho Chi Minh City

8. Kim Mai Gold Shop - 84C Cong Quynh Street, Pham Ngu Lao Ward, District 1, Ho Chi Minh City

9. PNJ chain store in Southern Vietnam - Booth R011838, Ground floor, Diamond Plaza Shopping Center, 34 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City

10. DOJI Gold, Silver and Gemstone Company – 81-85 Ham Nghi Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City



Source: https://congthuong.vn/gia-vang-hom-nay-12022025-vang-tang-63-trong-16-thang-373355.html

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