Gold prices today, January 9, 2024, on the world market are under pressure from the strengthening USD. There are currently too many uncertain and conflicting factors affecting gold prices, making it difficult for the price of this precious metal to form a clear trend.
| 1. PNJ - Updated: 01/08/2025 22:30 - Time of website supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 84,500 ▲100K | 85,500 ▲200K |
| HCMC - SJC | 84,000 ▲500K | 85,500 ▲200K |
| Hanoi - PNJ | 84,500 ▲100K | 85,500 ▲200K |
| Hanoi - SJC | 84,000 ▲500K | 85,500 ▲200K |
| Da Nang - PNJ | 84,500 ▲100K | 85,500 ▲200K |
| Da Nang - SJC | 84,000 ▲500K | 85,500 ▲200K |
| Western Region - PNJ | 84,500 ▲100K | 85,500 ▲200K |
| Western Region - SJC | 84,000 ▲500K | 85,500 ▲200K |
| Jewelry gold price - PNJ | 84,500 ▲100K | 85,500 ▲200K |
| Jewelry gold price - SJC | 84,000 ▲500K | 85,500 ▲200K |
| Jewelry gold price - Southeast | PNJ | 84,500 ▲100K |
| Jewelry gold price - SJC | 84,000 ▲500K | 85,500 ▲200K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 84,500 ▲100K |
| Jewelry gold price - Jewelry gold 999.9 | 84,500 ▲100K | 85,300 ▲100K |
| Jewelry gold price - Jewelry gold 999 | 84,420 ▲100K | 85,220 ▲100K |
| Jewelry gold price - Jewelry gold 99 | 83,550 ▲100K | 84,550 ▲100K |
| Jewelry gold price - 916 gold (22K) | 77,240 ▲100K | 78,240 ▲100K |
| Jewelry gold price - 750 gold (18K) | 62,730 ▲80K | 64,130 ▲80K |
| Jewelry gold price - 680 gold (16.3K) | 56,750 ▲60K | 58,150 ▲60K |
| Jewelry gold price - 650 gold (15.6K) | 54,200 ▲70K | 55,600 ▲70K |
| Jewelry gold price - 610 gold (14.6K) | 50,780 ▲60K | 52,180 ▲60K |
| Jewelry gold price - 585 gold (14K) | 48,650 ▲60K | 50,050 ▲60K |
| Jewelry gold price - 416 gold (10K) | 34,240 ▲50K | 35,640 ▲50K |
| Jewelry gold price - 375 gold (9K) | 30,740 ▲40K | 32,140 ▲40K |
| Jewelry gold price - 333 gold (8K) | 26,900 ▲30K | 28,300 ▲30K |
Update gold price today 9/1/2025
Domestic gold prices increased, highest at 500,000 VND/tael.
Bao Tin Minh Chau's SJC gold is being traded at 84.2 - 85.5 million VND/tael (buy-sell).
Meanwhile, SJC gold of Saigon Jewelry Company (SJC), Phu Quy Jewelry Group and DOJI Jewelry Group all increased by VND200,000/tael in both directions compared to yesterday, trading at VND84 - 85.5 million/tael (buy - sell).
PNJ brand gold rings have increased by 100,000 VND/tael. Accordingly, PNJ gold rings in Hanoi and Ho Chi Minh City are bought at 84.5 VND/tael; sold at 85.5 million VND/tael.
SJC in the past month (from December 8, 2024 to January 8, 2025) increased by VND 300,000/tael in buying and VND 1.3 million in selling.
World gold prices were under pressure from a stronger US dollar after data showed the US Federal Reserve (Fed) could slow down interest rate cuts in 2025.
According to the World and Vietnam Newspaper at 6:00 p.m. on January 8, the world gold price on the Kitco exchange was at 2,646.6 - 2,647.6 USD/ounce, down 1.7 USD/ounce compared to the previous trading session.
The dollar strengthened and 10-year Treasury yields hit an eight-month high, after the latest jobs report showed the US economy is strengthening.
Specifically, the number of job openings in the US increased to 8.098 million in November 2024, surpassing market expectations and up from 7.839 million recorded in the previous month.
The market is now waiting for the US non-farm payrolls report on Friday (January 10 local time) for more clues on the Fed's policy path.
According to CME's FedWatch tool, the market is now betting the Fed will cut rates just once in 2025, down from two expectations in December 2024.
Gold prices are sensitive to US interest rate moves. Lower interest rates weaken the dollar, but also increase the appeal of non-yielding assets such as gold.
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| Gold price today January 9, 2024: Gold price 'hesitates', there are too many uncertain factors, China can 'breathe new wind'. (Source: Kitco) |
Summary of gold prices at major domestic trading brands at closing times on the afternoon of January 8:
Saigon Jewelry Company SJC: SJC gold bars 83.8 - 85.5 million VND/tael.
DOJI Group: SJC gold bars 83.8 - 85.5 million VND/tael.
PNJ system: SJC gold bars 83.8 - 85.5 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 83.8 - 85.5 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 84.2 - 85.5 million VND/tael.
Good news from China
Any weakness in US macro data could open the door for a rally, analysts at investment brokerage KCM Trade said.
Besides, rising trade tensions could also be a reason for investors to hold precious metals for hedging purposes.
However, there are currently too many uncertain and conflicting factors affecting the price of gold, making it difficult for the price of this precious metal to form a clear trend. Since Mr. Trump's re-election until now, the precious metal has been struggling in the range of 2,600-2,700 USD/ounce.
US bank Goldman Sachs also recently said that it no longer expects the gold price to reach $3,000/ounce by the end of 2025, as the Fed's interest rate cut roadmap could extend into mid-2026.
Slower US monetary easing is likely to reduce demand for gold ETFs in 2025, according to Goldman Sachs. Weaker inflows into gold exchange-traded funds (ETFs) in December following the US election have dragged gold prices lower at the start of the new year 2025.
Meanwhile, there is good news from China. The People's Bank of China (PBOC) continued to add gold to its reserves in December 2024.
Official data showed the PBOC bought a net 10 tonnes of gold last month, marking the second straight month of net purchases after a six-month pause. Analysts expect the world’s second-largest economy to continue buying gold in 2025 – part of its efforts to diversify away from the US dollar and bolster the international standing of the yuan.
The PBOC has not yet completed its gold purchases, noted George Milling-Stanley, head of gold strategy at State Street Global Advisors.
“Central bank demand, led by China, now accounts for 15% of total end-user demand – a trend that is likely to continue for the next 14 years,” he noted.
“China’s gold buying is likely to continue to support prices,” said ActivTrades analyst Ricardo Evangelista.
Source: https://baoquocte.vn/gia-vang-hom-nay-912024-gia-vang-chun-buoc-co-qua-nhieu-yeu-to-bat-dinh-trung-quoc-co-the-thoi-luong-gio-moi-300110.html
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