Gold up 63% in 16 months

Báo Công thươngBáo Công thương12/02/2025

Gold price today 02/12/2025: Gold prices have been on an upward trend for the past 16 months, up 63% since a low of $1,809.50 an ounce on October 23, 2023.


Gold price today 02/12/2025

At the time of survey at 4:30 a.m. on February 12, 2025, the gold price on the trading floors of some companies was as follows:

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

DOJI system listed SJC gold at 88 million VND/tael for buying and 90.5 million VND/tael for selling, also sharply decreasing 300,000 VND/tael for buying and 800,000 VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 88.1-89.8 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 200,000 VND/tael for buying and remained unchanged for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 88-90.5 million VND/tael (buying - selling, down 300,000 VND/tael in buying direction - down 800,000 VND/tael in selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 88.2-90.7 million VND/tael (buy - sell), down 100,000 VND/tael for buying and down 600,000 VND/tael for selling compared to yesterday.

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

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

Gold price today February 12, 2025
(million dong)
Difference
(thousand dong/tael)
Buy Sell Buy Sell
SJC in Hanoi 88.0 90.5 -300 -800
DOJI Group 88.0 90.5 -300 -800
Red Eyelashes 88.1 89.8 -200 -
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 - Time of the source website - / 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
Raw material 9999 - HN 88,500 ▲900K 89,300 ▼200K
Raw material 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 supply source - / Compared to yesterday.
Type Buy Sell
HCMC - PNJ 87,900 ▼100K 90,100 ▼400K
HCMC - 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
Jewelry gold price - PNJ 87,900 ▼100K 90,100 ▼400K
Jewelry gold price - SJC 86,700 ▼1300K 90,200 ▼300K
Jewelry gold price - Southeast PNJ 87,900 ▼100K
Jewelry gold price - SJC 86,700 ▼1300K 90,200 ▼300K
Jewelry gold price - Jewelry gold price PNJ 999.9 Plain Ring 87,900 ▼100K
Jewelry gold price - Jewelry gold 999.9 87,500 ▼300K 90,000 ▼300K
Jewelry gold price - Jewelry gold 999 87,410 ▼300K 89,910 ▼300K
Jewelry gold price - Jewelry gold 99 86,700 ▼300K 89,200 ▼300K
Jewelry gold price - 916 gold (22K) 80,040 ▼280K 82,540 ▼280K
Jewelry gold price - 750 gold (18K) 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 price - 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 gold (9K) 31,400 ▼110K 33,900 ▼110K
Jewelry gold price - 333 gold (8K) 27,350 ▼100K 29,850 ▼100K
3. AJC - Updated: 12/02/2025 00:00 - Source website time - / Compared to yesterday.
Type Buy Sell
Jewelry 99.99 8,690 ▼40K 9,000 ▼60K
99.9 Jewelry 8,680 ▼40K 8,990 ▼60K
NL 99.99 8,690 ▼40K
Round ring not sealed in blister T.Binh 8,680 ▼40K
Round, 3A, Yellow T.Bình 8,780 ▼40K 9,010 ▼60K
Round, 3A, Yellow N.An 8,780 ▼40K 9,010 ▼60K
Round N., 3A, Yellow Street, Hanoi 8,780 ▼40K 9,010 ▼60K
SJC Thai Binh pieces 8,670 ▼150K 9,020 ▼50K
SJC Nghe An pieces 8,670 ▼150K 9,020 ▼50K
SJC Hanoi Piece 8,670 ▼150K 9,020 ▼50K

World gold price today February 12, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. today, Vietnam time, was 2,899.07 USD/ounce. Today's gold price is unchanged compared to yesterday. Converted according to the USD exchange rate on the free market (25,630 VND/USD), the world gold price is about 89.5 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is about 1.0 million VND/tael higher than the international gold price.

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

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

Gold prices have been on an upward trend for the past 16 months, up 63% since a low of $1,809.50 an ounce on October 23, 2023. The rally has accelerated since Trump was elected to a second term in the White House in November, with a 16% gain since a low of $2,536.71 an ounce on November 15.

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

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

President Trump has also imposed a 10% across-the-board tariff on imports from top trading partner China and threatened to impose a 25% tariff on all imports from Canada and Mexico, as well as proposed new tariffs on imports of cars, computer chips and pharmaceuticals.

Rising U.S. tariffs and potential retaliation by other countries threaten to slow global economic growth, spur inflation and tighten monetary policy. Investors are responding by buying gold, with money flowing into exchange-traded funds (ETFs).

The largest gold ETF, SPDR Gold Trust, saw its holdings jump to 27.92 million ounces on February 7, up 1.3% from its recent low of 27.55 million on January 27. While trade headlines may be the driving force behind the current price rally, there are other factors supporting the bullish outlook.

Over the past two decades, gold prices have been driven primarily by three factors, with the strongest gains occurring when all three factors are aligned in the same direction.

The three main drivers of gold’s rise in recent years have been consumer demand in China and India, central bank buying and investment flows, according to Reuters analysts. Perhaps the most important of the three legs of gold’s tripod 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 gold demand is forecast to be 815.5 tonnes in 2024, down 10% from 2023, while Indian demand is forecast to be 802.8 tonnes, up 5%. The two largest buyers together account for 1,618.3 tonnes, accounting for 53% of the world's total consumer demand.

While China and India still dominate consumer demand, momentum has slowed in recent years and it is likely that the two countries are shifting from driving gold prices to providing a backdrop for demand as prices fall.

This leaves the other two factors as the current drivers of gold prices, both of which are harder 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 is down slightly from 1,050.8 tonnes in 2023 and 1,082 tonnes in 2022, it is the third year in which central bank inflows have topped 1,000 tonnes.

This is double the annual average of 473 tonnes between 2010 and 2021 and shows the growing role of central banks in driving gold demand.

However, since central bank buying is driven by policy rather than market dynamics, predicting its direction is difficult.

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

The third investment flow is also driven partly by a desire for diversification, but also by flows seeking safe havens and as a hedge against inflation.

This is where Trump's policies are likely to be most supportive of gold, but there is a big caveat as the US president has proven he can pivot quickly and this unpredictability is likely to fuel gold's volatility this year.

Reference addresses of popular gold shops in Hanoi:

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

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

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

4. PNJ store chain in the Northern region - 222 Tran Duy Hung, Trung Hoa, Cau Giay, Hanoi

5. Phu Quy Gold and Silver - No. 30 Tran Nhan Tong, Hai Ba Trung, Hanoi

6. Ngoc Anh Gold and Silver – No. 47 Lo Duc, Pham Dinh Ho, Hai Ba Trung, Hanoi

7. Gold Quy Tung – No. 102 Khuong Dinh, Thanh Xuan, Hanoi

8. Bao Tin Lan Vy - No. 84A, Tran Duy Hung, Cau Giay, Hanoi

9. Hoang Anh Gold and Silver – No. 43 Thai Thinh, Dong Da, Hanoi

10. Huy Thanh Jewelry - No. 23/100 (old number: No. 30A, lane 8), Doi Can, Ba Dinh, Hanoi

Reference addresses of popular gold shops in Ho Chi Minh City:

1. Mi Hong Gold Shop - 306 Bui Huu Nghia, Ward 2, Binh Thanh District, HCMC

2. Kim Ngoc Thuy Gold Shop - 466 Hai Ba Trung, Tan Dinh Ward, District 1, HCMC

3. Saigon Jewelry Company Limited - 418-420 Nguyen Thi Minh Khai, Ward 5, District 3, HCMC

4. Tan Tien Jewelry - No. 161 Hanoi Highway, Thao Dien Ward, District 2, HCMC

5. Ngoc Tham Gold, Silver, Gemstones - No. 161 Hanoi Highway, Thao Dien Ward, District 2, HCMC

6. Kim Thanh Thao Gold Shop - 209 Tan Huong, Tan Quy Ward, Tan Phu District, HCMC

7. Kim Thanh Nam Gold Shop - 81A, Nguyen Duy Trinh, Binh Trung Tay Ward, District 2, HCMC

8. Kim Mai Gold Shop - 84C, Cong Quynh, Pham Ngu Lao Ward, District 1, HCMC

9. PNJ chain stores in the Southern region - Booth R011838, Ground floor, Diamond Plaza Shopping Center, 34 Le Duan, Ben Nghe Ward, District 1, HCMC

10. DOJI Gold and Gemstone Company – 81-85 Ham Nghi, Nguyen Thai Binh Ward, District 1, HCMC



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

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