Gold price today February 22, 2025: The world gold price has benefited from reaching an all-time high in recent days, due to many uncertain factors affecting the economy . However, the upward momentum in the market is considered to be starting to decrease. The domestic market has new developments, not following the world trend.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 90,100 | 91,700 |
| HCMC - SJC | 89,400 | 91,700 |
| Hanoi - PNJ | 90,100 | 91,700 |
| Hanoi - SJC | 89,400 | 91,700 |
| Da Nang - PNJ | 90,100 | 91,700 |
| Da Nang - SJC | 89,400 | 91,700 |
| Western Region - PNJ | 90,100 | 91,700 |
| Western Region - SJC | 89,400 | 91,700 |
| Jewelry gold price - PNJ | 90,100 | 91,700 |
| Jewelry gold price - SJC | 89,400 | 91,700 |
| Jewelry gold price - Southeast | PNJ | 90,100 |
| Jewelry gold price - SJC | 89,400 | 91,700 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 90,100 |
| Jewelry gold price - Jewelry gold 999.9 | 89,000 | 91,500 |
| Jewelry gold price - Jewelry gold 999 | 88,910 | 91,410 |
| Jewelry gold price - Jewelry gold 99 | 88,190 | 90,690 |
| Jewelry gold price - 916 gold (22K) | 81,410 | 83,910 |
| Jewelry gold price - 750 gold (18K) | 66,280 | 68,780 |
| Jewelry gold price - 680 gold (16.3K) | 59,870 | 62,370 |
| Jewelry gold price - 650 gold (15.6K) | 57,130 | 59,630 |
| Jewelry gold price - 610 gold (14.6K) | 53,470 | 55,970 |
| Jewelry gold price - 585 gold (14K) | 51,180 | 53,680 |
| Jewelry gold price - 416 gold (10K) | 35,710 | 38,210 |
| Jewelry gold price - 375 gold (9K) | 31,960 | 34,460 |
| Jewelry gold price - 333 gold (8K) | 27,850 | 30,350 |
Update gold price today 22/2/2025
World gold prices continue to fluctuate strongly, but are still hovering around all-time highs.
According to the World and Vietnam Newspaper at 9:00 p.m. on February 21 (Hanoi time), the world gold price listed on the Kitco electronic floor was at 2,931.50 USD/ounce , down 6.8 USD/ounce compared to the previous trading session.
Gold prices have been volatile amid investor concerns over the US President's tariff threats. Risk-off sentiment has been heightened in the middle of this week, amid recent US trade tariff threats and rising tensions between the US and its European allies. Risks have continued to escalate as the "war of words" between US President Trump and his Ukrainian counterpart Zelenskiy has also contributed to market worries, as Trump may be "cooperating" more with Russian President Putin on negotiations to end the Russia-Ukraine conflict.
In addition, the US dollar index, which measures the greenback’s strength against a basket of major currencies, has also been on a steady decline. At current prices, gold is only about $25 an ounce away from its all-time high. Meanwhile, safe-haven and technical buying is still fueling the precious metal’s rally.
While gold prices remain on a strong uptrend, one research firm says investors may need to be more patient to reach their target of $3,000 an ounce. Commodity analysts at Metals Focus predict gold prices will reach $3,000 an ounce by the second quarter of 2025. However, gold is also at risk of profit-taking in the short term.
The US Federal Reserve's (Fed) flexible monetary policy remains a major headwind for gold. Minutes of the Fed's January 2025 monetary policy meeting showed that the central bank was in no rush to cut interest rates as inflation risks remained high. Gold prices thus benefited.
Goldman Sachs raised its forecast for gold prices by the end of 2025 from $2,890 an ounce to $3,100 an ounce. The main reason is that demand for gold from central banks remains high. In addition, if concerns about the US government's ability to repay its debt increase, gold prices could rise another 5% to $3,250 an ounce by December 2025.
In a recent research report, Adam Turnquist, chief strategist at LPL Financial, said that in the short term, gold is overbought and susceptible to profit-taking pressure, which could push prices back to support levels near $2,800 an ounce. In the long term, even if it hits $3,000 an ounce, the precious metal is still quite cheap.
The key outside markets today saw the US dollar index fall sharply. Nymex crude oil futures were higher and trading around $73.25 a barrel. The current yield on the 10-year US Treasury note is around 4.52%.
Domestic gold prices continue to fluctuate strongly, some surprises have occurred.
The price of 9999 round smooth gold rings was officially listed at a higher level than the price of SJC gold bars in both buying and selling directions, after many years of being behind. In a new development, on February 21, each tael of SJC gold bars and gold rings "held hands" and decreased by more than half a million VND, which was also the sharpest decrease recorded in the past 6 days. The sharp decrease in domestic gold prices was unexpected in the context of relatively stable and high world gold prices.
Trading units reported that there were more buyers than sellers, especially when the gold price unexpectedly turned down. However, most trading units still limited the amount of gold sold.
At the close of trading on February 21, the price of SJC gold bars was sharply adjusted down by trading units, currently listed at VND89.4 - 91.7 million/tael (buy - sell). The difference in buying - selling prices was also widened to VND2.3 million/tael in the context of strong fluctuations in gold prices.
The price of gold rings is listed by Saigon Jewelry Company SJC at 89.3 - 91.4 million VND/tael (buy - sell).
Bao Tin Minh Chau listed the price of plain round gold rings at 90.35 - 92.1 million VND/tael, down 350 - 300 thousand VND/tael in buying and selling compared to yesterday's closing price. At this price, the price of gold rings at Bao Tin Minh Chau is 650 thousand VND/tael more expensive than SJC gold bars in buying and 100 thousand VND/tael more expensive in selling.
DOJI Group reduced the price of 9999 gold rings to 90.3 - 92 million VND/tael, down 300 thousand VND/tael in both buying and selling prices compared to yesterday's closing price. Currently, DOJI's gold ring price is 600 thousand VND/tael higher than SJC gold bars in buying prices.
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| Gold price today February 22, 2025: Gold price continues to 'breakthrough', the $3,000 mark is closer than ever; domestic market has unexpected developments. (Source: Kitco News) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of trading session on February 20:
Saigon Jewelry Company SJC: SJC gold bars 89.4 - 91.7 million VND/tael; SJC gold rings 89.3 - 91.4 million VND/tael.
DOJI Group: SJC gold bars 89.4 - 91.7 million VND/tael; 9999 round rings (Hung Thinh Vuong) 90 - 91.7 million VND/tael.
PNJ system: SJC gold bars 89.4 - 91.7 million VND/tael; PNJ 999.9 plain gold rings at 90.10 - 91.90 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 89.4 - 91.7 million VND/tael; Phu Quy 999.9 round gold rings: 90.30 - 92 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 89.4 - 91.7 million VND/tael; round gold ring price is 90.45 - 92.20 million VND/tael.
Converted according to the USD exchange rate at Vietcombank, the world gold price is equivalent to 90.6 million VND/tael, excluding taxes and fees. At this price, the domestic gold price is currently lower than the world gold price.
China and Russia face dwindling gold supplies
BRICS banks are facing a shortage of gold. Chinese banks are running out of gold, while Russia’s commercial and national reserves are also falling rapidly as both BRICS countries see soaring demand for gold despite global gold prices hitting new records, Kitco News reported.
China’s gold market kicked off 2025 with notable volatility. Gold prices rose sharply both domestically and internationally, while the People’s Bank of China continued to expand its gold reserves for the third consecutive month. In 2024, China purchased a total of 44 tonnes of gold, despite a six-month pause in the middle of the year. The central bank’s continued gold purchases are believed to have had a positive impact on the sentiment of domestic gold investors, as this is often seen as a positive signal for the value of gold.
Many Chinese banks' applications show that they are out of stock, or have limited quantities left, or are in pre-order status, meaning they are not available.
Another BRICS country, Russia, is also seeing a decline in gold reserves at both the central bank and commercial bank levels.
Russia's RBC news agency cited data from the Russian Central Bank as saying that gold reserves will fall by 46.4% by 2024, equivalent to a loss of more than 33 tons. According to the Central Bank of Russia, Russia's gold reserves fell by 23.6% in monetary value last year. In physical value, the decline was 46.4%, the largest since the peak of the Covid-19 pandemic in 2020.
RBC reported that physical gold reserves held by Russian banks currently stand at 38.1 tonnes, worth $3.4 billion, or 325.4 billion rubles. Russia's gold reserves are now at their lowest level since July 2022.
According to the World Gold Council (WGC), Russian consumers bought 75.6 tonnes of gold in 2024, up 6% year-on-year but up 62% from 2021, the year before the Russia-Ukraine conflict broke out.
People have traded or used gold as a currency for thousands of years, and it is considered a safe haven by investors in times of uncertainty. Unlike money, which can lose value due to inflation or overprinting, gold tends to retain its value over time because it is a scarce resource. Additionally, unlike individual national currencies, gold is widely used.
WGC points out that: “Gold is a highly liquid asset, not a liability to anyone, has no credit risk and is scarce, and historically, the value of gold has always been preserved over time.”
Source: https://baoquocte.vn/gia-vang-hom-nay-2222025-gia-vang-tiep-tuc-tao-dot-pha-moc-3000-usd-gan-hon-bao-gio-nga-va-trung-quoc-thieu-vang-305118.html
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