Gold price today January 18, 2025: Domestic gold prices increased sharply along with the world trend. The appeal of gold seems to have never cooled. Analysts predict that gold prices will accelerate and reach a new record high after the once-in-4-years event in the US.
| 1. PNJ - Updated: January 17, 2025 21:48 - Time of website supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 85,200 | 87,000 |
| HCMC - SJC | 85,300 ▲300K | 87,300 ▲300K |
| Hanoi - PNJ | 85,200 | 87,000 |
| Hanoi - SJC | 85,300 ▲300K | 87,300 ▲300K |
| Da Nang - PNJ | 85,200 | 87,000 |
| Da Nang - SJC | 85,300 ▲300K | 87,300 ▲300K |
| Western Region - PNJ | 85,200 | 87,000 |
| Western Region - SJC | 85,300 ▲300K | 87,300 ▲300K |
| Jewelry gold price - PNJ | 85,200 | 87,000 |
| Jewelry gold price - SJC | 85,300 ▲300K | 87,300 ▲300K |
| Jewelry gold price - Southeast | PNJ | 85,200 |
| Jewelry gold price - SJC | 85,300 ▲300K | 87,300 ▲300K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 85,200 |
| Jewelry gold price - Jewelry gold 999.9 | 85,200 | 86,600 ▲600K |
| Jewelry gold price - Jewelry gold 999 | 85,710 ▲600K | 86,510 ▲600K |
| Jewelry gold price - Jewelry gold 99 | 84,830 ▲590K | 85,830 ▲590K |
| Jewelry gold price - 916 gold (22K) | 78,430 ▲550K | 79,430 ▲550K |
| Jewelry gold price - 750 gold (18K) | 63,700 ▲450K | 65,100 ▲450K |
| Jewelry gold price - 680 gold (16.3K) | 57,640 ▲410K | 59,040 ▲410K |
| Jewelry gold price - 650 gold (15.6K) | 55,040 ▲390K | 56,440 ▲390K |
| Jewelry gold price - 610 gold (14.6K) | 51,580 ▲370K | 52,980 ▲370K |
| Jewelry gold price - 585 gold (14K) | 49,410 ▲350K | 50,810 ▲350K |
| Jewelry gold price - 416 gold (10K) | 34,780 ▲250K | 36,180 ▲250K |
| Jewelry gold price - 375 gold (9K) | 31,230 ▲230K | 32,630 ▲230K |
| Jewelry gold price - 333 gold (8K) | 27,330 ▲200K | 28,730 ▲200K |
Update gold price today 18/1/2025
World gold prices rose to their highest level in more than a month.
According to the World & Vietnam Newspaper at 7:45 p.m. on January 16 (Hanoi time), the world gold price traded on the Kitco electronic floor was at 2,705.90 - 2,706.90 USD/ounce , up 9 USD compared to the previous closing session.
Gold prices rose to their highest in more than a month after the latest U.S. economic data added pressure to Treasury yields, after core inflation rose for a fourth straight month, raising expectations for a more dovish Federal Reserve policy. The latest U.S. economic data - including retail sales, jobless claims and import prices - prompted U.S. Treasury yields to pare gains and trade near their lowest in more than a week.
Falling government bond yields have made gold more attractive. “So we see a resurgence in the appeal of gold,” according to TheGoldForecast.com .
Domestic gold prices continued the strong increase of the previous day.
Continuing the strong increase, the price of SJC gold bars has reached 87.3 million VND/tael, and gold rings have reached 86.95 million VND/tael. According to a survey, at gold shops, people continue to line up early to buy gold rings, showing great attraction even though the gold price is still quite high... With high demand in the domestic market, while the end of the year and the beginning of the new year are always the times when the market is bustling and this situation promises to continue until after the Lunar New Year with the God of Wealth Day.
The price of SJC gold bars at Saigon Jewelry Company (SJC) increased by 300 thousand VND/tael in both buying and selling directions compared to yesterday's closing price, currently trading at 85.3 - 87.3 million VND/tael (buy - sell). DOJI Group also announced the price of 85.3 - 87.3 million VND/tael (buy - sell).
The price of 9999 round smooth gold rings increases with SJC gold bars.
At Bao Tin Minh Chau Company, the price of gold rings is traded at 85.45 - 86.95 million VND/tael (buy - sell), an increase of 450 thousand VND/tael. Saigon Jewelry Company announced the price of gold rings at 85 - 86.7 million VND/tael.
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| Gold price today January 18, 2025: Gold price 'accelerates', attractiveness 'revives', market moves towards new record high. (Source: Kitco) |
Summary of SJC gold bar prices and 9999 smooth round gold ring prices at major domestic trading brands at the closing time of the trading session on January 17, 2025:
Saigon Jewelry Company SJC: SJC gold bars 85.3 - 87.3 million VND/tael; SJC gold rings 85 - 86.7 million VND/tael.
DOJI Group: SJC gold bars 85.3 - 87.3 million VND/tael; 9999 round rings (Hung Thinh Vuong) 85 - 86.5 million VND/tael.
PNJ system: SJC gold bars 85.3 - 87.3 million VND/tael; PNJ 999.9 plain gold rings at 85.2 - 87 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 85.3 - 87.3 million VND/tael; round gold ring price is 85.45 - 86.95 million VND/tael.
Is a new gold bull run imminent?
Gold prices will accelerate and hit a new record high after the event, according to technical analyst Gary Wagner of TheGoldForecast.com . If the veteran analyst predicts, the gold market will see a final pullback before accelerating again, aiming for a new record high in 2025.
Several unknown factors could impact prices beyond what the market expects, including new tariff policies proposed by US President-elect Donald Trump, who is set to take office on January 20, and persistent geopolitical uncertainty.
Gold prices have seen significant rallies in recent years, rising by around $500 an ounce on two separate occasions. If the same pattern holds, Wagner said, if gold falls to $2,600 and then rises by $400, as it has in previous cycles, then international gold prices could reach $3,000 an ounce by the end of this year or early 2026.
“I don’t see gold at $2,800, my number is around $2,900, with a high of $3,000. I base my predictions on different phases of the price increase,” Wagner shared his analytical view.
"Back in October 2023, gold was just under $2,000, and it went up to $2,535 an ounce. That's about a $500 gain. Then gold went into a correction. And from $2,380, it went up to $2,800. So we've also seen a $500 gain, and then another $400 gain."
Currently, spot gold prices are trading around $2,700/ounce, up 2.5% since the beginning of 2024.
Meanwhile, Goldman Sachs slightly revised its gold price forecast earlier this year, pushing back its $3,000/ounce prediction by 2025 to mid-2026. The investment bank expects gold prices to reach $2,910/ounce by the end of 2025.
The possibility of new tariffs under the incoming Trump administration is a major driver of the gold price outlook, according to Wagner of TheGoldForecast.com. Trump has announced tariffs on goods from several countries, including a 25% tariff on imports from Mexico and Canada and an additional 10% tariff on imports from China.
"If President-elect Trump follows through on his statement, it could create significant inflationary pressure. Tariffs could lead to increased inflation, which would benefit gold as an inflation hedge." In addition, Wagner also highlighted ongoing geopolitical tensions, such as military conflicts in Ukraine and the Middle East, as positive factors supporting gold prices. He noted that these conflicts show no signs of abating and "geopolitical conflicts remain."
The World Economic Forum (WEF) has just announced that armed conflict is the top risk in 2025. "Armed conflict is the top and immediate risk overshadowing 2025, reflecting rising geopolitical tensions and global fragmentation," the WEF said.
However, in addition to tariffs and geopolitical uncertainty, analyst Gary Wagner points to other potential macro surprises that could impact gold prices, such as US fiscal policy and the Fed's monetary policy. He notes that the Fed is slowing the pace of rate cuts and it remains unclear how many cuts it will make in 2025. The Fed's rate cuts this year will depend on the latest US economic data. Inflation, economic growth and budget deficits will all influence the Fed's decision-making process.
A big unknown this year, Wagner said, is the impact of tariffs on precious metals. Precious metals have been exempt from tariffs in the past, but whether that will continue under the Trump administration is unclear. Tariffs on precious metals could create extreme volatility in the market.
Source: https://baoquocte.vn/gia-vang-hom-nay-1812025-gia-vang-tang-toc-suc-hap-dan-hoi-sinh-thi-truong-lai-huong-toi-muc-cao-ky-luc-moi-301215.html
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