Gold price today January 19, 2025, gold price plummeted right before the inauguration of US President-elect Donald Trump. The market awaits decisions from the new administration in Washington. Analysts are optimistic about reaching an all-time high. Domestic gold price decreased.
| 1. PNJ - Updated: 19/01/2025 01:18 - Time of website supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 85,000 | 86,900 |
| HCMC - SJC | 84,900 | 86,900 |
| Hanoi - PNJ | 85,000 | 86,900 |
| Hanoi - SJC | 84,900 | 86,900 |
| Da Nang - PNJ | 85,000 | 86,900 |
| Da Nang - SJC | 84,900 | 86,900 |
| Western Region - PNJ | 85,000 | 86,900 |
| Western Region - SJC | 84,900 | 86,900 |
| Jewelry gold price - PNJ | 85,000 | 86,900 |
| Jewelry gold price - SJC | 84,900 | 86,900 |
| Jewelry gold price - Southeast | PNJ | 85,000 |
| Jewelry gold price - SJC | 84,900 | 86,900 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 85,000 |
| Jewelry gold price - Jewelry gold 999.9 | 85,000 | 86,400 |
| Jewelry gold price - Jewelry gold 999 | 85,510 | 86,310 |
| Jewelry gold price - Jewelry gold 99 | 84,640 | 85,640 |
| Jewelry gold price - 916 gold (22K) | 78,240 | 79,240 |
| Jewelry gold price - 750 gold (18K) | 63,550 | 64,950 |
| Jewelry gold price - 680 gold (16.3K) | 57,500 | 58,900 |
| Jewelry gold price - 650 gold (15.6K) | 54,910 | 56,310 |
| Jewelry gold price - 610 gold (14.6K) | 51,450 | 52,850 |
| Jewelry gold price - 585 gold (14K) | 49,290 | 50,690 |
| Jewelry gold price - 416 gold (10K) | 34,690 | 36,090 |
| Jewelry gold price - 375 gold (9K) | 31,150 | 32,550 |
| Jewelry gold price - 333 gold (8K) | 27,260 | 28,660 |
Update gold price today 19/1/2025
Domestic gold prices fluctuated strongly last week.
Early morning of January 13, while world gold prices increased, domestic gold prices decreased slightly.
Specifically, DOJI Gold and Gemstone Group and Saigon Jewelry Company (SJC) announced the selling price of SJC gold bars at 84.6 - 86.6 million VND/tael (buy - sell), down 200,000 VND in both buying and selling prices compared to the previous session's close.
Similar to SJC gold bars, the price of gold rings also decreased slightly. Accordingly, Saigon Jewelry Company SJC announced the price of gold rings at 84.5 - 85.8 million VND/tael (buy - sell), down 300 thousand VND/tael for buying and down 200 thousand VND/tael for selling compared to the previous closing price.
After three volatile mid-week sessions, on the morning of January 17, the world gold price was at its highest in more than a month, causing domestic gold bar prices to continue to increase.
Specifically, DOJI Gold and Gemstone Group announced the selling price of SJC gold bars at 85.3 - 87.3 million VND/tael (buy - sell), an increase of 300 thousand VND/tael in both buying and selling directions compared to the closing price on January 16.
Similar to SJC gold bars, the price of gold rings also increased. Accordingly, at Bao Tin Minh Chau Company, the price of gold rings was at 85.45 - 86.95 million VND/tael (buy - sell), an increase of 450 thousand VND/tael in the buying direction and an increase of 400 thousand VND/tael in the selling direction compared to the closing price on January 16.
By the end of the week on January 18, the world gold price decreased, causing the domestic gold price to fall sharply.
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| Gold price today January 19, 2025: Gold price 'turns around', domestic price plummets, gold will especially benefit because Mr. Trump does not do this. (Source: Kitco News) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of January 18:
Saigon Jewelry Company SJC: SJC gold bars 84.9 - 86.9 million VND/tael; SJC gold rings 84.6 - 86.3 million VND/tael.
DOJI Group: SJC gold bars 84.9 - 86.9 million VND/tael; 9999 round rings (Hung Thinh Vuong) 84.6 - 86.2 million VND/tael.
PNJ system: SJC gold bars 84.9 - 86.9 million VND/tael; PNJ 999.9 plain gold rings at 85.0 - 86.9 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 84.7 - 86.9 million VND/tael; Phu Quy 999.9 round gold rings: 84.5 - 86.2 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 84.9 - 86.9 million VND/tael; plain round gold ring price is 84.9 - 86.85 million VND/tael.
According to the World and Vietnam Newspaper , at 4:28 p.m. on January 18 (Vietnam time), the world gold price at goldprice.org was at 2,703.2 USD/ounce, down 16.25 USD/ounce compared to the previous trading session.
Converted according to USD price at Vietcombank on January 18, 1 USD = 25,510 VND, world gold price is equivalent to 83.08 million VND/tael.
World gold price may reach 2,800 USD/ounce
The world gold price last week hit its highest level in more than a month in the session on January 16, only 65.6 USD away from the record high of 2,790.15 USD/ounce recorded in October 2024. The gold price increased 0.5% this week, marking the third consecutive week of price increase after the US core inflation figures were weaker than expected.
However, recorded in the weekend session on Kitco News, world gold prices turned down.
Analysts say the price of gold could surpass $2,800 an ounce if US President-elect Donald Trump puts his proposals into action after his inauguration on January 20.
Persistent inflation, economic uncertainty and rising US government debt are helping push gold prices to key resistance above $2,700 an ounce.
Not only is the precious metal on track to end the first full trading week of 2025 at a one-month high, but bullish momentum is building even as the USD index remains elevated above 109.
While gold is seeing solid gains, some analysts note that the precious metal still has a long way to go before it breaks out of a two-month consolidation phase. Analysts also note that gold could face challenges next week following the inauguration of President-elect Donald Trump.
Trump’s comments about using trade tariffs to support the U.S. manufacturing sector continued to strengthen the greenback. However, his comments also raised concerns about inflation and concerns that economic growth could be hurt by the global trade war.
“In the short term, I see key resistance at $2,725 an ounce and the market may struggle to break above this level until we get a clearer picture of Trump’s policies and how they may impact the greenback, bond yields and renewed confidence in rate cuts,” said Ole Hansen, head of commodity strategy at Saxo Bank.
While the new US administration is creating a lot of geopolitical anxiety as the world waits to see what policies he will push in his first days in office, James Stanley , senior market strategist at Forex.com, said there is one thing Trump will not do, which will be good for gold.
“Trump is not going to rein in spending. He’s not going to balance the budget. He’s not going to be an austerity president,” said strategist Stanley. “Gold is getting more attention from investors because they’re expecting to see some monetary dilution in fiat currencies, global currencies.”
While analyst Stanley is bullish on gold in the near term, he added that he would not pursue it at current levels. He said he still prefers to buy on dips and wait to see if $2,700 an ounce can hold support.
While gold’s performance against the dollar has been impressive on its own, analysts note that global currency markets have shown gold’s broad strength. Last week, gold hit new record highs against major currencies such as the euro, British pound, Chinese yuan, Canadian dollar and Australian dollar.
Meanwhile, Jesse Colombo , an independent precious metals analyst and founder of the BubbleBubble Report, said gold’s gains against other currencies are a precursor to what investors should expect. He added that the precious metal has the potential to rise to an all-time high above $2,800 an ounce in the near future.
He noted that significant resistance for gold remains at $3,000 an ounce, as many analysts see the precious metal hitting that target in the second half of the year.
“Gold has been on a break for the past two months, but there’s a lot of pent-up energy in the market right now,” he said. “I’m very excited about the potential for gold.”
Colombo said it was no surprise that gold was doing well ahead of Trump’s inauguration. The analyst pointed out that if the next US president started a trade war with his proposed tariffs, the global economy would be in trouble. He explained that consumers around the world would face higher prices and weaker economic activity, creating a stagflationary environment, which is positive for gold.
Despite the significant bullish sentiment in the precious metals market, some analysts note that gold is trading at a key resistance point.
Carsten Fritsch , precious metals analyst at Commerzbank, said he expects gold to struggle next week if the US dollar rebounds from current support levels.
“It is worth noting that the previous appreciation of the US dollar and the significant increase in yields did not affect gold prices. Therefore, we can talk about an asymmetric market reaction here. Such episodes usually do not last long,” he said in a note. “Therefore, we are skeptical about whether gold prices can sustain the high levels. This would require further increases in expectations of rate cuts, a weaker US dollar and further declines in bond yields.”
Economic data to watch next week:
Monday: Inauguration of US President Donald Trump, Annual Meeting of the World Economic Forum in Davos (WEF Davos).
Thursday: US weekly jobless claims.
Friday: S&P Flash PMI Data, US Existing Home Sales.
Source: https://baoquocte.vn/gia-vang-hom-nay-1912025-gia-vang-quay-xe-trong-nuoc-lao-doc-vang-se-dac-biet-huong-loi-vi-ong-trump-khong-lam-dieu-nay-301312.html
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