Gold price today January 5, 2025, gold price decreased, analysts are still full of hope towards the all-time high of 3,000 USD/ounce. BRICS likes gold more after the actions of the US and Europe.
| 1. PNJ - Updated: 01/04/2025 22:00 - Website supply time - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 84,400 | 85,500 |
| HCMC - SJC | 84,000 | 85,500 |
| Hanoi - PNJ | 84,400 | 85,500 |
| Hanoi - SJC | 84,000 | 85,500 |
| Da Nang - PNJ | 84,400 | 85,500 |
| Da Nang - SJC | 84,000 | 85,500 |
| Western Region - PNJ | 84,400 | 85,500 |
| Western Region - SJC | 84,000 | 85,500 |
| Jewelry gold price - PNJ | 84,400 | 85,500 |
| Jewelry gold price - SJC | 84,000 | 85,500 |
| Jewelry gold price - Southeast | PNJ | 84,400 |
| Jewelry gold price - SJC | 84,000 | 85,500 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 84,400 |
| Jewelry gold price - Jewelry gold 999.9 | 84,400 | 85,200 |
| Jewelry gold price - Jewelry gold 999 | 84,320 | 85,120 |
| Jewelry gold price - Jewelry gold 99 | 83,450 | 84,450 |
| Jewelry gold price - 916 gold (22K) | 77,140 | 78,140 |
| Jewelry gold price - 750 gold (18K) | 62,650 | 64,050 |
| Jewelry gold price - 680 gold (16.3K) | 56,690 | 58,090 |
| Jewelry gold price - 650 gold (15.6K) | 54,130 | 55,530 |
| Jewelry gold price - 610 gold (14.6K) | 50,720 | 52,120 |
| Jewelry gold price - 585 gold (14K) | 48,590 | 49,990 |
| Jewelry gold price - 416 gold (10K) | 34,190 | 35,590 |
| Jewelry gold price - 375 gold (9K) | 30,700 | 32,100 |
| Jewelry gold price - 333 gold (8K) | 26,870 | 0 ▼28270K |
Update gold price today 1/5/2025
Domestic gold prices fluctuated last week
Opening the morning trading session of the first week of December 30, the price of SJC gold rings and gold bars decreased slightly.
Specifically, DOJI Gold and Gemstone Group and Saigon Jewelry Company (SJC) announced the selling price of SJC gold bars at 82.5 - 84.5 million VND/tael (buy - sell), down 200 thousand VND/tael in both buying and selling directions compared to the previous session's closing price;
Similarly, the price of gold rings also decreased in the selling direction. Accordingly, Saigon Jewelry Company SJC announced the price of gold rings at 82.5 - 84.3 million VND/tael (buy - sell), keeping the listed price in the buying direction and decreasing 200 thousand VND/tael in the selling direction compared to the previous closing price.
After volatile mid-week sessions, domestic SJC gold ring and gold bar prices continued to increase strongly on the morning of January 3.
Specifically, DOJI Gold and Gemstone Group announced the selling price of SJC gold bars at 84 - 85.5 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling directions compared to the previous closing price.
Saigon Jewelry Company (SJC) announced the price of gold rings at 84 - 85.3 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling compared to the previous session's closing price.
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| Gold price today January 5, 2025: Gold price drops, 2025 outlook is bright because of this action of BRICS, optimism straight to the all-time high. (Source: Shutterstock) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of December 4:
Saigon Jewelry Company SJC: SJC gold bars 84 - 85.5 million VND/tael; SJC gold rings 84 - 85.3 million VND/tael.
DOJI Group: SJC gold bars 84 - 85.5 million VND/tael; 9999 round rings (Hung Thinh Vuong) 84 - 85 million VND/tael.
PNJ system: SJC gold bars 84 - 85.5 million VND/tael; PNJ 999.9 plain gold rings at 84.4 - 85.5 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 84.1 - 85.5 million VND/tael; Phu Quy 999.9 round gold rings: 84.3 - 85.5 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 84.1 - 85.5 million VND/tael; round gold ring price is 84.6 - 85.7 million VND/tael.
According to the World and Vietnam Newspaper , at 4:55 p.m. on January 4 (Vietnam time), the world gold price at goldprice.org was at 2,640.6 USD/ounce, down 12.98 USD/ounce compared to the previous trading session.
Converted according to USD price at Vietcombank on January 4, 1 USD = 25,550 VND, world gold price is equivalent to 81.28 million VND/tael.
World gold price increased
World gold prices , during the New Year week, experienced mixed increases and decreases as the market awaited the US Federal Reserve's (Fed) interest rate direction and the potential impacts from trade tariff policies proposed by US President-elect Donald Trump.
Despite falling in the first and last sessions of the week, gold prices still increased by about 0.8% for the whole week, after the price of this metal hit a more than two-week high in the middle of the week.
After posting its best annual gain in 14 years, gold started 2025 on a quieter note, consolidating at a solid high above $2,600 an ounce.
Gold managed to trade in a narrow range during the two-week holiday break, but analysts note that the precious metal still faces some significant headwinds as markets return to full operation on Monday.
Solid economic data is supporting the dollar, which is trading at a 25-month high against a basket of currencies.
In a note on Jan. 3, David Morrison , senior market analyst at Trade Nation, said bullish momentum is starting to build in gold and silver, but he continues to monitor the impact of the greenback on next week’s price action.
“It will be interesting to see if gold and silver can progress in an upward direction from here, even with the US dollar at a two-year high,” he said.
While the greenback poses a challenge for gold, Alex Kuptsikevich , Chief Market Analyst at FxPro, noted that there are times when gold and the USD can move in tandem.
“The pressure on risk assets on December 31 and January 2, including a 1.5% gain in the dollar during this period, did not deter gold from rising. While the market range remains unimpressive, the greenback and gold rising simultaneously as equities decline is characteristic of periods of safe-haven appeal,” Kuptsikevich said in a note on January 3.
However, the analyst also stressed that gold's price action is signaling some technical bearish warnings.
Some analysts and economists note that next week could shape the trend for the US dollar and gold in the first quarter of 2025, as the market will receive important employment data.
While strong economic data should support the US dollar, analysts still stress that any weakness in gold should be seen as a buying opportunity.
David Miller , Chief Investment Officer and Senior Portfolio Manager at Catalyst Funds, said he remains bullish on gold in the new year.
“Gold is trading above $2,600 an ounce and there is good reason to believe that gold’s strength in 2024 will continue into 2025,” he said.
“BRICS countries have lost confidence in the US dollar after the US and Europe used the SWIFT system as a weapon against Russia. They are shifting their US dollar reserves to gold, which they can hold physically and cannot be seized. This trend is likely to continue into 2025,” he added.
After a nearly 30% gain in 2024 that outperformed every commodity and all but a handful of assets — gold is still generating confidence among many industry experts, while most retail traders see the precious metal surpassing $3,000 an ounce by 2025.
Kitco News ' annual gold survey shows strong confidence in gold's upside potential from retail traders, while major banks and industry experts largely expect gold prices to continue rising strongly into 2025.
457 retail investors participated in the annual Kitco News Gold Survey, with a majority of Main Street investors predicting the precious metal will set a new record high of trading above $3,000 an ounce by 2025.
266 retail traders, or 58%, expect gold prices to trade above $3,000 an ounce next year, with the current record high of $2,788.54 an ounce set on October 30, 2024. Another 22%, or 103 Main Street investors, predict gold prices will trade between $2,800 and $3,000 an ounce in 2025, while just 7%, or 30 participants, expect gold prices to peak somewhere between $2,600 and $2,800 an ounce. The remaining 58 retail traders, or 13% of the total, see gold prices falling back to $2,400 to $2,600 an ounce by late summer and early fall.
Compared to Main Street, Wall Street analysts, while bullish on gold, are slightly more cautious.
Chantelle Schieven, Head of Research at Capitalight Research, told Kitco News in a recent interview that gold continues to hold its ground and the recent consolidation is the first major correction the precious metal has seen in a year.
“I remain as bullish on gold in 2025 as I was on 2024,” she said, but added that her optimism is tempered by patience as she expects the current consolidation phase to last for several months. She sees gold trading in a range of $2,500 to $2,700 an ounce in the first half of the year, but expects prices to surpass $3,000 an ounce in the second half of 2025.
Fawad Razaqzada, market analyst at City Index, also said that while the strength of the US dollar, higher bond yields, outperformance of equities and weaker Asian demand will negatively affect gold this year, several factors still support the precious metal's journey to $3,000 an ounce by 2025.
Nicky Shiels, Head of Metals Research & Strategy at MKS PAMP, said in her 2025 precious metals outlook that she expects gold to trade in a fairly broad range of $2,500 to $3,200 an ounce, with the fate of the precious metal largely determined by the Fed.
Meanwhile, MKS only gives a 20% chance of gold prices exceeding $3,000/ounce by 2025.
Source: https://baoquocte.vn/gia-vang-hom-nay-512025-gia-vang-giam-trien-vong-2025-ruc-ro-vi-hanh-dong-nay-cua-brics-lac-quan-thang-tien-moc-cao-nhat-moi-thoi-dai-299710.html
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