Gold price today 11/1/2025: World gold prices rose near a 4-week high, despite rising bond yields and a stronger US dollar, but faced another obstacle as investors increasingly considered the precious metal with Bitcoin. So is Bitcoin or gold a more valuable investment asset?
| 1. PNJ - Updated: 10/01/2025 23:00 - Time of website supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 85,100 ▲300K | 86,200 ▲200K |
| HCMC - SJC | 84,700 ▲200K | 86,200 ▲200K |
| Hanoi - PNJ | 85,100 ▲300K | 86,200 ▲200K |
| Hanoi - SJC | 84,700 ▲200K | 86,200 ▲200K |
| Da Nang - PNJ | 85,100 ▲300K | 86,200 ▲200K |
| Da Nang - SJC | 84,700 ▲200K | 86,200 ▲200K |
| Western Region - PNJ | 85,100 ▲300K | 86,200 ▲200K |
| Western Region - SJC | 84,700 ▲200K | 86,200 ▲200K |
| Jewelry gold price - PNJ | 85,100 ▲300K | 86,200 ▲200K |
| Jewelry gold price - SJC | 84,700 ▲200K | 86,200 ▲200K |
| Jewelry gold price - Southeast | PNJ | 85,100 ▲300K |
| Jewelry gold price - SJC | 84,700 ▲200K | 86,200 ▲200K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 85,100 ▲300K |
| Jewelry gold price - Jewelry gold 999.9 | 85,100 ▲300K | 85,900 ▲300K |
| Jewelry gold price - Jewelry gold 999 | 85,010 ▲300K | 85,810 ▲300K |
| Jewelry gold price - Jewelry gold 99 | 84,140 ▲300K | 85,140 ▲300K |
| Jewelry gold price - 916 gold (22K) | 77,780 ▲270K | 78,780 ▲270K |
| Jewelry gold price - 750 gold (18K) | 63,180 ▲230K | 64,580 ▲230K |
| Jewelry gold price - 680 gold (16.3K) | 57,160 ▲200K | 58,560 ▲200K |
| Jewelry gold price - 650 gold (15.6K) | 54,590 ▲200K | 55,990 ▲200K |
| Jewelry gold price - 610 gold (14.6K) | 51,150 ▲180K | 52,550 ▲180K |
| Jewelry gold price - 585 gold (14K) | 49,000 ▲170K | 50,400 ▲170K |
| Jewelry gold price - 416 gold (10K) | 34,480 ▲120K | 35,880 ▲120K |
| Jewelry gold price - 375 gold (9K) | 30,960 ▲110K | 32,360 ▲110K |
| Jewelry gold price - 333 gold (8K) | 27,100 ▲100K | 28,500 ▲100K |
Update gold price today 11/1/2025
World gold prices surpassed the $2,700 mark after a three-day increase.
Gold prices have demonstrated remarkable strength in three consecutive trading sessions, rising from the lowest level of the first trading day of the week at $2,624.60 to around $2,700/ounce, at times surpassing and holding trading at this price for quite a while.
According to the World & Vietnam Newspaper at 8:45 p.m. on January 10 (Hanoi time), the world gold price traded on the Kitco electronic floor was at 2,671.40 - 2,672.40 USD/ounce , a slight increase of 0.8 USD compared to the previous closing price. The world gold price converted according to the bank USD exchange rate was over 83.2 million VND/tael (including taxes and fees), about 2.8 million VND/tael lower than the domestic gold price.
Economic uncertainty continues to support gold, which is trading near a four-week high. Notably, gold not only reached a new high, but also rose despite a stronger US dollar, with the USDX up 0.15% to 109.308. Market analysts say the precious metal’s resilience this time around is due to a number of factors working together.
“Safe-haven demand is supporting gold modestly, offsetting the downward pressure from a stronger dollar and higher interest rates,” UBS analyst Giovanni Staunovo noted. Adding to the market momentum is speculation surrounding the inauguration of US President-elect Donald Trump on January 20, with a series of draconian decisions on tariffs that could trigger a trade war, inflation, and more that he is likely to implement shortly after returning to the White House for a second time. In these scenarios, gold, traditionally seen as a hedge against inflation, tends to perform well. Moreover, the political backdrop is intersecting with recent employment data that shows signs of cooling in the labor market.
The central bank is expected to keep its benchmark interest rate unchanged at 4.25% to 4.50%. The CME FedWatch tool now shows a 93.1% chance of rates remaining unchanged at that level, down from 88.2% last week. Looking further out, the tool shows a 57.7% chance of rates remaining unchanged at the March FOMC meeting, up from 49.4% last week.
Gold is holding its ground against rising bond yields and a stronger US dollar, but it faces another hurdle as investors increasingly compare the precious metal to Bitcoin.
Domestic gold prices continue to increase steadily.
The price of SJC gold bars and 9999 smooth gold rings increased to VND86.3 million/tael (selling price). The group of state-owned joint-stock commercial banks (Vietcombank, Vietinbank, Agribank, BIDV) listed the price of SJC gold bars at VND86 million/tael. At some large trading units, the price of gold rings sometimes exceeded that of gold bars, for example, Doji's gold rings were sold more expensively than SJC gold bars.
At the end of the trading session on January 10, the price of SJC gold bars at Saigon Jewelry Company (SJC) closed at 84.7 - 86.2 million VND/tael (buy - sell), an increase of 200 thousand VND/tael compared to the previous session. The price of SJC gold bars at Bao Tin Minh Chau was at 84.6 - 86.0 million VND/tael.
Meanwhile, the price of SJC's 9999 round gold ring was listed at 84.7 - 86 million VND/tael; The price of 9999 gold ring at Doji closed the session at 85.1 - 86.3 million VND/tael; Bao Tin Minh Chau listed it at 84.9 - 86.2 million VND/tael; Phu Nhan Gold Company also adjusted it up to 84.8 - 86 million VND/tael.
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| Gold price today January 11, 2025: World gold price increases continuously; Is Bitcoin or gold more valuable? Why do professional investors still choose precious metals? (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 10, 2025:
Saigon Jewelry Company SJC: SJC gold bars 84.7 - 86.2 million VND/tael; SJC gold rings 84.7 - 86 million VND/tael.
DOJI Group: SJC gold bars 84.7 - 86.2 million VND/tael; 9999 round rings (Hung Thinh Vuong) 85.1 - 86.3 million VND/tael.
PNJ system: SJC gold bars 84.7 - 86.2 million VND/tael; PNJ 999.9 plain gold rings at 84.8 - 86 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 84.6 - 86.0 million VND/tael; round gold ring price is 84.9 - 86.2 million VND/tael.
Should you invest in gold or Bitcoin in 2025?
Famed billionaire investor Mark Cuban has weighed in on the Bitcoin or gold debate, claiming that he would rather own the leading cryptocurrency than gold.
In an interview with Wired, Cuban noted that both gold and Bitcoin are widely considered stores of value; however, he believes that Bitcoin has significant advantages over the precious metal. According to him, Bitcoin is a better version of gold. Because Bitcoin's biggest advantage over gold is its utility.
According to billionaire Mark Cuban, gold is not practical. "People are not going to be able to go around and spend money by carrying gold bars. Meanwhile, Bitcoin has proven its function as a currency. "It's easier to buy and sell. You can also divide it, you can use it to buy things or send it abroad. And so I think it's more valuable than gold," Cuban said.
Bitcoin is one of the few financial assets to outperform gold by 2024, with its price soaring to $100,000 per token, marking a 136% gain for the year.
Meanwhile, gold prices ended the year up 26%, maintaining support above $2,600 an ounce.
Commodity analysts are keeping a close eye on Bitcoin in the new year as its momentum could draw interest away from gold. Bitcoin’s recent rally to an all-time high in 2020 has impacted gold prices by about 3%, according to some analysts.
However, other analysts emphasize that gold's biggest advantage over the leading cryptocurrency is stability. While Bitcoin has experienced a significant price increase this year, its price started the year nearly 40% lower than its all-time high in 2021.
Some analysts say Bitcoin has yet to be tested as a true store of value, as the US economy has proven surprisingly resilient despite many predictions of a recession. Looking ahead to 2025, analysts say Bitcoin could face a significant test as the global economy slows and inflation remains high, potentially creating a stagflationary environment.
On that note, professional investors still see gold as a hedge against inflation, financial market volatility, economic stress and geopolitical turmoil, but the number one use for gold in their portfolios is for diversification, according to the latest survey from Wisdom Tree.
Accordingly, gold is an excellent portfolio diversifier, wrote Nitesh Shah, Head of Macroeconomic and Commodity Research at WisdomTree Europe , as it allows investors to improve returns while managing risk effectively. "Thirty-six percent of the 800 professional investors surveyed by WisdomTree said 'diversification' was the main reason they held gold," he said. "Our analysis shows that gold has a low correlation with both stocks and bonds, making it a strong diversification tool."
Gold behaves very differently from other assets, Shah points out. “On the one hand, gold is a defensive asset, often competing with bonds as a safe haven against broader market volatility. On the other hand, gold has a cyclical character, as it rises during periods of inflation, which typically occur during periods of strong economic growth. This duality helps explain its low correlation with traditional assets.”
Thirty-five percent of respondents to Wisdom Tree's survey said "inflation protection" was the second most popular reason for holding gold, followed by "financial market volatility protection" (31%) and "geopolitical volatility protection" (27%).
Source: https://baoquocte.vn/gia-vang-hom-nay-1112025-gia-vang-the-gioi-tang-khong-ngung-bitcoin-hay-vang-gia-tri-hon-nha-dau-tu-chuyen-nghiep-dang-toi-uu-loi-ich-the-nao-300381.html
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