Gold price today, January 16, 2025, recorded the domestic and world markets "holding hands" to go up. Experts predict that gold prices will average about 2,750 USD/ounce in 2025, up 3% compared to previous estimates.
| 1. PNJ - Updated: January 15, 2025 22:18 - Time of website supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 84,800 ▲100K | 86,400 ▲200K |
| HCMC - SJC | 84,600 ▲200K | 86,600 ▲200K |
| Hanoi - PNJ | 84,800 ▲100K | 86,400 ▲200K |
| Hanoi - SJC | 84,600 ▲200K | 86,600 ▲200K |
| Da Nang - PNJ | 84,800 ▲100K | 86,400 ▲200K |
| Da Nang - SJC | 84,600 ▲200K | 86,600 ▲200K |
| Western Region - PNJ | 84,800 ▲100K | 86,400 ▲200K |
| Western Region - SJC | 84,600 ▲200K | 86,600 ▲200K |
| Jewelry gold price - PNJ | 84,800 ▲100K | 86,400 ▲200K |
| Jewelry gold price - SJC | 84,600 ▲200K | 86,600 ▲200K |
| Jewelry gold price - Southeast | PNJ | 84,800 ▲100K |
| Jewelry gold price - SJC | 84,600 ▲200K | 86,600 ▲200K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 84,800 ▲100K |
| Jewelry gold price - Jewelry gold 999.9 | 84,800 ▲100K | 85,600 ▲100K |
| Jewelry gold price - Jewelry gold 999 | 84,710 ▲90K | 85,510 ▲90K |
| Jewelry gold price - Jewelry gold 99 | 83,840 ▲90K | 84,840 ▲90K |
| Jewelry gold price - 916 gold (22K) | 77,510 ▲90K | 78,510 ▲90K |
| Jewelry gold price - 750 gold (18K) | 62,950 ▲70K | 64,350 ▲70K |
| Jewelry gold price - 680 gold (16.3K) | 56,960 ▲70K | 58,360 ▲70K |
| Jewelry gold price - 650 gold (15.6K) | 54,390 ▲60K | 55,790 ▲60K |
| Jewelry gold price - 610 gold (14.6K) | 50,970 ▲60K | 52,370 ▲60K |
| Jewelry gold price - 585 gold (14K) | 48,830 ▲60K | 50,230 ▲60K |
| Jewelry gold price - 416 gold (10K) | 34,360 ▲40K | 35,760 ▲40K |
| Jewelry gold price - 375 gold (9K) | 30,850 ▲40K | 32,250 ▲40K |
| Jewelry gold price - 333 gold (8K) | 27,000 ▲30K | 28,400 ▲30K |
Update gold price today 16/1/2025
Domestic gold prices rebounded.
Saigon Jewelry Company (SJC) listed the price of gold bars at VND84.6 million/tael (buy) and VND86.6 million/tael (sell). An increase of VND200,000/tael in both buying and selling prices compared to the close of yesterday's trading session.
DOJI system listed 9999 gold at buying price of 84.6 million VND/tael and selling price of 86.6 million VND/tael. This price increased by 200 thousand VND/tael in both buying and selling directions compared to yesterday.
At Mi Hong Jewelry Company, the buying price of SJC gold is 85.1 million VND/tael and the selling price is 86.1 million VND/tael. Thus, compared to yesterday's session, the buying price and selling price increased by 400 thousand VND/tael.
Bao Tin Minh Chau Company Limited listed the price of SJC gold at 84.6 million VND/tael (buy) and 86.6 million VND/tael (sell). This price increased by 200 thousand VND/tael in both buying and selling directions compared to yesterday.
The current buying price of SJC 9999 gold rings is 84.5 million VND/tael and the selling price is 86.1 million VND/tael. An increase of 100 thousand VND/tael for buying - unchanged for selling compared to the close of yesterday's trading session.
World gold prices increased slightly in the afternoon trading session on January 15 as investors waited for the US to release the consumer price index (CPI) report to provide clearer information about the US Federal Reserve's (Fed) interest rate roadmap.
According to the World and Vietnam Newspaper at 6:00 p.m. on January 15, the world gold price on the Kitco exchange was at 2,695 - 2,696 USD/ounce, an increase of 16.6 USD compared to the previous trading session.
According to experts, the rising CPI data will likely cause gold prices to fall because it reinforces the view that the Fed is more likely to gradually reverse the monetary easing policies it applied last year, and this process will likely take place in 2025.
A Reuters poll of experts forecast that the US CPI in December 2024 will increase 2.9% compared to the same period a year earlier, higher than the 2.7% in November 2024, and up 0.3% compared to the previous month.
Gold does not yield interest but is used as a hedge against inflation, although rising interest rates have reduced the appeal of the precious metal.
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| Gold price today January 16, 2025: Gold price has a strong start, there is reason to worry, experts say gold is a dynamic asset. (Source: Forbes) |
Summary of gold prices at major domestic trading brands at closing times on the afternoon of January 15:
Saigon Jewelry Company SJC: SJC gold bars 84.6 - 86.6 million VND/tael.
DOJI Group: SJC gold bars 84.6 - 86.6 million VND/tael.
PNJ system: SJC gold bars 84.8 - 86.4 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 84.4 - 86.4 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 84.6 - 86.6 million VND/tael.
Optimistic about gold prices
Donald Trump will officially take office on January 20. He announced that he will apply strict tariff measures. Analysts believe that his measures will create a trade war and inflation. This will have a significant impact on precious metals.
Meanwhile, David Scutt, market analyst at City Index, noted that the possibility of a ceasefire in the Israel-Hamas conflict has added downward pressure on gold and silver prices, both of which have been weakened by the strength of the US dollar and high bond yields.
“A strong dollar, rising bond yields and renewed hopes for a Middle East peace deal could have contributed to the sharp decline. Short-term positioning imbalances after a strong start to the year could have amplified the reversal,” he said.
Still, precious metals are off to a strong start in 2025, according to David Scutt. “History shows that these conditions are often unfavorable for non-yielding assets like gold and silver,” he said.
Among commodities, gold is one of the few that is optimistic about 2025, according to analysts at BMO Capital Markets .
They predict that central banks will continue to buy gold as they diversify away from the US dollar, while expecting gold to remain a dynamic asset, acting as an effective hedge against inflation, geopolitical uncertainty and stock market risks.
BMO analysts also warned that investors should not underestimate Chinese demand. Although gold prices have risen quite high, Chinese consumers have few options to protect their assets.
“While all signs point to stronger gold investment demand in China by 2025, we warn that this will not sit well with the country’s policymakers, who are still struggling with low household consumption and weak private sector growth,” BMO analysts predict.
BMO forecasts gold prices will average around $2,750 an ounce by 2025, up 3% from its previous estimate.
On a quarterly basis, the precious metal is expected to peak in the summer, averaging $2,850 an ounce in the third quarter.
Source: https://baoquocte.vn/gia-vang-hom-nay-1612025-gia-vang-them-ly-do-de-lo-ngai-yeu-to-trung-quoc-gay-bat-ngo-chuyen-gia-dat-niem-tin-vao-tai-san-nang-dong-301018.html
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