Gold price on February 20, 2025: Domestic gold increased slightly

DNVN - World gold prices have decreased after reaching a record high in the session of February 19, while domestic gold prices on the morning of February 20 recorded a slight increase.

Specifically, at 9:00 a.m., Saigon Jewelry Company (SJC) and DOJI Jewelry Group listed the selling price of SJC gold bars at VND89.8 - 92.1 million/tael (buy - sell), an increase of VND200,000/tael for both buying and selling compared to the previous trading session.

Bao Tin Minh Chau listed the price of gold bars at 90.45 - 92.2 million VND/tael (buy - sell), in which the buy price increased by 300,000 VND/tael, and the sell price increased by 100,000 VND/tael compared to the previous session.

Similarly, the price of gold rings also increased slightly in both trading directions. Saigon Jewelry Company SJC adjusted the price of gold rings to VND89.7 - 91.8 million/tael (buy - sell), VND100,000/tael higher than the price of the previous session.

At Bao Tin Minh Chau, the price of gold rings is currently listed at 90.45 - 92.2 million VND/tael (buy - sell), with an increase of 300,000 VND/tael for buying and 200,000 VND/tael for selling compared to the previous session.

In the international market, gold prices increased by more than 1% in the trading session on February 18 due to concerns about economic growth prospects, stemming from uncertainty surrounding US President Donald Trump's tariff plan, increasing demand for gold as a "safe haven" asset.

At 2:11 a.m. on February 19 (Vietnam time), the spot gold price recorded an increase of 1.2%, reaching 2,932.79 USD/ounce, after reaching a record high of 2,942.70 USD/ounce last week. At the same time, the US gold futures price ended the session with an increase of 1.7%, reaching 2,949 USD/ounce.

Jim Wyckoff, senior analyst at Kitco Metals, said that the demand for “safe havens” is increasing as the market is affected by the fluctuations in President Trump’s policies. In addition, the upward trend of the gold price chart is also noted.

Since taking office last month, Trump has made significant changes to global trade through a series of new tariffs. The US administration is also implementing plans to impose retaliatory tariffs on countries that impose tariffs on US goods.

Analysts at Commerzbank said that central bank buying could continue to support gold prices in the near future.

Cao Thong (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-20-2-2025-vang-trong-nuoc-tang-nhe/20250220095929627