Gold price today 7/1/2025 on the international market increased slightly again. Domestically, plain rings and SJC remained unchanged after being adjusted down by half a million VND/tael in yesterday's session.
Gold prices in the Asian market recovered quite strongly on the afternoon of January 7. As of 2:00 p.m. (Vietnam time), the spot gold price today on the world market was at 2,642 USD/ounce, up more than 5 USD compared to the previous session. Gold for February 2025 delivery on the Comex New York floor was at 2,654 USD/ounce.
The world gold price is currently about 28.1% higher (579 USD/ounce) than at the beginning of 2024. World gold converted to the bank USD price is at 82.1 million VND/tael, including taxes and fees, about 3.5 million VND/tael lower than the domestic gold price.
Gold prices on the international market increased again mainly due to the USD adjusting down after a strong session before.
Domestic gold ring prices fluctuated little this morning.
Opening the trading session , Saigon Jewelry Company (SJC) listed the price of gold rings of type 1-5 at only 83.5-84.8 million VND/tael (buy - sell), unchanged from the closing price of yesterday's trading session.
Similarly, Doji Gold and Gemstone Group early this morning also kept the price of 9999 gold rings at yesterday's closing price, trading at 84.3-85.3 million VND/tael (buy - sell).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 83,500,000 | 0 | 84,800,000 | 0 |
| Doji | 84,300,000 | 0 | 85,300,000 | 0 |
SJC and Doji gold ring price list updated on the morning of January 7
Opening the trading session on January 7 , the price of SJC 9999 gold remained unchanged compared to the closing price of yesterday's trading session, at 83.5-85 million VND/tael (buy - sell).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 8:34 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:38 a.m. as follows:
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 83,500,000 | 0 | 85,000,000 | 0 |
| Doji Hanoi | 83,500,000 | 0 | 85,000,000 | 0 |
| Doji HCMC | 83,500,000 | 0 | 85,000,000 | 0 |
SJC and Doji gold bar price list updated on the morning of January 7
The central exchange rate on January 7 announced by the State Bank was 24,332 VND/USD, down 5 VND compared to the previous trading session. The USD price at commercial banks this morning (January 7) was commonly listed at 25,218 VND/USD (buy) and 25,548 VND/USD (sell).
At 8:35 a.m. today (January 7, Vietnam time) , the world spot gold price was at 2,636.5 USD/ounce, up 11 USD/ounce compared to last night. The price of gold futures for February 2025 on the Comex New York floor was at 2,648.7 USD/ounce.
On the morning of January 7 , the world gold price converted to USD bank price was over 82 million VND/tael, including tax and fees, about 3 million VND/tael lower than the domestic gold price.
Gold price on Kitco floor at 9:00 p.m. (January 6, Vietnam time) was trading at 2,625.5 USD/ounce, down 0.57% compared to the beginning of the session. Gold futures price for February 2025 delivery on Comex New York floor was trading at 2,657.3 USD/ounce.
At the beginning of the trading session in the US market, the world gold price increased slightly after the USD index decreased by more than 1 point, losing the 109 point mark compared to the end of last week. However, immediately after that, due to selling pressure, the gold price turned to decrease deeply.
Despite the high pressure from the US dollar, experts and retail investors still predict that gold prices will surpass the threshold of 3,000 USD/ounce this year. A possible global trade war under President Trump, along with increasing geopolitical instability, leading to slower economic growth, inflation remaining above 3% and a mild economic recession in the second half of 2025 are the perfect environment to support gold prices.
Chantelle Schieven, head of research at Capitalight Research, said he remains bullish on the precious metal this year, but that the rally in gold prices is not expected to happen now but in the next few months.
Chantelle Schieven added that gold prices will trade between $2,500 and $2,700 an ounce in the first half of the year, breaking out and surpassing the $3,000 an ounce mark in the second half of 2025.
In the domestic market, at the end of the session on January 6, the price of 9999 gold bars at SJC was 83.5 million VND/tael (buy) and 85 million VND/tael (sell). Doji listed it at 83.5 million VND/tael (buy) and 85 million VND/tael (sell).
SJC announced the price of gold rings of type 1-5 at only 83.5-84.8 million VND/tael (buy - sell). Doji listed the price of 9999 smooth round gold rings at 84.3-85.3 million VND/tael (buy - sell).
Gold Price Forecast
Fawad Razaqzada, a market analyst at City Index, predicts that despite short-term challenges such as the strength of the greenback and rising bond yields, gold prices will still reach the target of $3,000/ounce in the first half of 2025.
According to Nicky Shiels, Head of Precious Metals Research and Strategy at MKS PAMP, gold prices will trade in a fairly wide range of $2,500 to $3,200 an ounce in 2025. The extent of the price increase depends on the monetary policy of the US Federal Reserve (Fed).
David Miller, senior investment director and portfolio manager at Catalyst Funds, said that gold prices could continue to be supported by the trend of BRICS countries converting USD reserves to gold to avoid risks from sanctions.
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Source: https://vietnamnet.vn/gia-vang-hom-nay-7-1-2025-nhan-tron-va-vang-sjc-giam-manh-2360720.html
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