This afternoon, the world gold price continued to rise, far exceeding the 2,700 USD/ounce mark. At 11:30 today (January 21, Vietnam time), the world spot gold price was at 2,725.6 USD/ounce, up 15.2 USD/ounce compared to early this morning.

Domestic gold prices this morning were continuously adjusted up.

This morning, domestic gold ring prices were adjusted to increase sharply by brands following world gold prices.

Saigon Jewelry Company (SJC) early this morning raised the price of 1-5 tael gold rings to 84.9-86.6 million VND/tael (buy - sell), an increase of 300 thousand VND per tael in both buying and selling compared to yesterday's closing price.

At 9:13 a.m., Saigon Jewelry Company (SJC) increased the price of 1-5 tael gold rings to 85-86.7 million VND/tael (buy - sell), an increase of 100,000 VND per tael in both buying and selling compared to early this morning.

At 10:50 a.m., the price of SJC gold rings of 1-5 chi was raised to 85.1-86.8 million VND/tael (buy - sell), an increase of 100 thousand VND per tael in both buying and selling.

Doji Gold and Gemstone Group also raised the buying and selling price of 9999 gold rings to 84.9-86.5 million VND/tael early this morning, an increase of 500 thousand VND per tael in both directions compared to yesterday's closing price.

At 11:05 a.m. , Doji Gold and Gemstone Group increased the buying and selling price of 9999 gold rings to 85.3-86.9 million VND/tael, an increase of 500,000 VND per tael in both directions compared to yesterday's closing price.

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC 85,100,000 +500,000 86,800,000 +500,000
Doji 85,300,000 +900,000 86,900,000 +900,000

                    SJC and Doji gold ring price list updated on the morning of January 21

Opening the trading session on January 21 , the price of SJC 9999 gold increased by 100,000 VND/tael in both buying and selling compared to the closing session yesterday, up to 85.2-87.2 million VND/tael (buying - selling).

At 10:50 a.m., Saigon Jewelry Company (SJC) increased the price of 9999 gold to 85.4-87.4 million VND/tael (buy - sell), an increase of 200,000 VND per tael in both buying and selling compared to early this morning.

The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 10:50 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 11:05 a.m. as follows:

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC HCMC 85,400,000 +500,000 87,400,000 +500,000
Doji Hanoi 85,400,000 +500,000 87,400,000 +500,000
Doji HCMC 85,400,000 +500,000 87,400,000 +500,000

SJC and Doji gold bar price list updated on the morning of January 21

The central exchange rate on January 21 announced by the State Bank was 24,336 VND/USD, down 5 VND compared to the previous trading session. The USD price at commercial banks this morning (January 21) was commonly listed at 25,110 VND/USD (buy) and 25,500 VND/USD (sell).

At 8:33 a.m. today (January 21, Vietnam time) , the world spot gold price was at 2,710.4 USD/ounce, up 38.5 USD/ounce compared to last night. The price of gold futures for February 2025 on the Comex New York floor was at 2,733.8 USD/ounce.

On the morning of January 21 , the world gold price converted to USD bank price was over 84.1 million VND/tael, including tax and fees, about 2.9 million VND/tael lower than the domestic gold price.

Gold price on Kitco floor at 9:00 p.m. (January 20, Vietnam time) was trading at 2,671.9 USD/ounce, up 0.26% compared to the beginning of the session. Gold futures price for February 2025 delivery on Comex New York floor was trading at 2,745.5 USD/ounce.

At the beginning of the trading session on January 20 (US time), the world gold price increased slightly due to cautious sentiment before the inauguration of Donald Trump as the 47th President of the United States. Investors are expecting gold to be a safe haven when political instability occurs right after the new White House has a new owner. The new president's decisions, signed immediately after taking office, will affect the direction of gold in the coming time.

Experts say investors are most concerned about decisions related to import taxes on goods into the US, which will help the USD increase sharply, causing gold to lose momentum.

Screenshot 2024 10 17 204000.png
Gold prices rose slightly ahead of the White House's new owner. Photo: HH

Kevin Grady, president of Phoenix Futures and Options, said that gold is supported by many factors. In the past, gold has been supported by demand from investors and central banks and this will not change. He is optimistic that the target of $ 3,000 / ounce this year is completely achievable.

In the short term, Grady said it is difficult to determine the direction of gold prices because it depends a lot on Mr. Trump's tariff policy.

Marc Chandler, CEO of Bannockburn Global Forex, predicts gold prices will hit a new record high in 2025 as the People's Bank of China continues to buy, and lower US interest rates could encourage investors to enter the gold market.

In the domestic market, at the end of the session on January 20, the price of 9999 gold bars at SJC was VND84.9 million/tael (buy) and VND86.9 million/tael (sell). Doji listed it at VND84.9 million/tael (buy) and VND86.9 million/tael (sell).

SJC announced the price of gold rings of type 1-5 at only 84.6-86.3 million VND/tael (buy - sell). Doji listed the price of 9999 smooth round gold rings at 84.4-86 million VND/tael (buy - sell).

Gold Price Forecast

Michael Langford, chief investment officer at Scorpion Minerals, said the increased uncertainty from the new administration and its policies is making gold an attractive short-term trade. He predicted that gold prices could reach $3,200 an ounce this year.

According to Ross Norman, CEO of Metals Daily, the average spot gold price is $2,888/ounce in 2025, with a high of $3,175/ounce and a low of $2,630/ounce.

Analysts from CPM Group - a large global commodity research and asset management group - predict that the gold price will reach $2,800/ounce in the short term and advise market participants to buy when the price drops.

Donald Trump takes office: Gold prices are expected to skyrocket, what will happen to the world economy? Gold prices are expected to rise sharply after Donald Trump takes office as US President. Trump has just had a phone call with the Chinese President and proposed a solution to TikTok. The world economy is facing many fluctuations due to unpredictable policies.