At the end of the session on January 24 , the price of gold bars at SJC closed at 86.8-88.8 million VND/tael (buy - sell), an increase of 700 thousand VND in both buying and selling compared to yesterday's closing price.

At the end of the session, the price of SJC gold rings of 1-5 chi was listed at 86.3-88 million VND/tael (buy - sell), an increase of 200 thousand VND in both buying and selling compared to the end of yesterday's session.

The price of 9999 gold rings at Doji closed the session at 86.6-88.1 million VND/tael, an increase of 200 thousand VND per tael in both buying and selling compared to the end of yesterday's trading session.

This afternoon, the world gold price fluctuated little. At 5:41 p.m. today (January 24, Vietnam time), the world spot gold price was at 2,771.3 USD/ounce, up 0.3 USD/ounce compared to this afternoon.

SJC gold bar price this afternoon was adjusted down.

The price of SJC 9999 gold this afternoon decreased by 100 thousand VND/tael in both buying and selling compared to this morning, to 86.8-88.8 million VND/tael (buying - selling).

Meanwhile, the price of SJC gold bars this afternoon was adjusted up.

Saigon Jewelry Company (SJC) this afternoon raised the price of 1-5 chi gold rings to 86.3-88 million VND/tael (buy - sell), an increase of 100 thousand VND per tael in both buying and selling compared to this morning.

At 11:50 a.m. today (January 24, Vietnam time), the world spot gold price was at 2,771 USD/ounce, up 12.9 USD/ounce compared to early this morning.

Domestic gold ring prices this morning were adjusted up by some brands.

Doji Gold and Gemstone Group early this morning lowered the buying and selling price of 9999 gold rings to 85.9-87.7 million VND/tael, down 500,000 VND per tael for buying and down 200,000 VND per tael for selling compared to yesterday's closing price.

At 11:01 a.m. , Doji Gold and Gemstone Group raised the buying and selling price of 9999 gold rings to 86.6-88.1 million VND/tael, an increase of 700,000 VND per tael for buying and 400,000 VND per tael for selling compared to early this morning.

Meanwhile, Saigon Jewelry Company (SJC) early this morning raised the price of 1-5 tael gold rings to 86.2-87.9 million VND/tael (buy - sell), an increase of 100,000 VND per tael in both buying and selling compared to yesterday's closing price.

                                SJC and Doji gold ring price list updated afternoon of January 24

Opening the trading session on January 24 , the price of SJC 9999 gold increased by 400 thousand VND/tael in both buying and selling compared to the closing session yesterday, up to 86.5-88.5 million VND/tael (buying - selling).

At 9:51 a.m., the price of SJC 9999 gold was adjusted to increase by 400,000 VND/tael in both buying and selling, to 86.9-88.9 million VND/tael (buying - selling).

The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 4:39 p.m. and the price of 9999 gold was listed by Doji Jewelry Group at 11:01 a.m. as follows:

SJC and Doji gold bar price list updated on the afternoon of January 24

The central exchange rate on January 24 announced by the State Bank was 24,325 VND/USD, down 3 VND compared to the previous trading session. The USD price at commercial banks this morning (January 24) was commonly listed at 24,930 VND/USD (buy) and 25,320 VND/USD (sell).

At 8:37 a.m. today (January 24, Vietnam time) , the world spot gold price was at 2,758.1 USD/ounce, up 18.8 USD/ounce compared to last night. The price of gold futures for February 2025 on the Comex New York floor was at 2,768 USD/ounce.

On the morning of January 24 , the world gold price converted to USD bank price was over 85 million VND/tael, including tax and fees, about 3.5 million VND/tael lower than the domestic gold price.

The price of gold on the Kitco floor at 9:00 p.m. (January 23, Vietnam time) was trading at $2,739.3/ounce, down 0.69% from the beginning of the session. The price of gold futures for February 2025 delivery on the Comex New York floor was trading at $2,750.2/ounce.

At the beginning of the trading session on January 23 (US time), the world gold price fell sharply due to profit-taking pressure from investors. Gold has continuously increased sharply since Mr. Trump took office as US President on January 20. Mr. Trump's threats to impose tariffs on the EU and China also caused the gold price to increase sharply.

Investors are now concerned that the US Federal Reserve (Fed) will be a long way from cutting interest rates due to recent economic data that has been increasingly positive. The Fed said it needs to see more inflation data before making any announcement about cutting interest rates, and the cut could not happen until the third quarter of 2025.

Recent better US economic data suggests the Fed may have to delay rate cuts longer, and a higher interest rate environment increases the opportunity cost of holding bullion, according to Jim Wyckoff, senior analyst at Kitco Metals.

This expert commented that in the US stock market, stock investors are trading very strongly so gold is less interested.

Another factor that investors are paying attention to is President Trump's announcement that he will impose tariffs on goods from the European Union and is considering applying a 10% tariff on Chinese imports from February 1.

However, if these policies are seen as inflationary, causing the Fed to maintain high interest rates for an extended period, gold's appeal as an inflation hedge could diminish.

In the domestic market, at the end of the session on January 23, the price of 9999 gold bars at SJC and Doji was 86.1 million VND/tael (buy) and 88.1 million VND/tael (sell).

SJC announced the price of gold rings of type 1-5 at only 86.1-87.8 million VND/tael (buy - sell). Doji listed the price of 9999 round gold rings at 84.4-86 million VND/tael (buy - sell).

Gold Price Forecast

According to experts' forecasts, in general, the general trend of gold is still assessed to be upward in the context that the US under Mr. Trump is expected to continue to increase money pumping to stimulate the economy.

In addition, gold price fluctuations also depend on the geopolitical situation in the Middle East, Ukraine...

Many forecasts suggest that geopolitical tensions will ease under Trump, which will push gold prices down. In his inaugural address, Trump vowed to prevent wars and conflicts in hot spots around the world.