Gold price today January 21, 2025: Increase when US president takes office

Gold price today 01/21/2025

Gold price today January 21, 2025: World gold price increased after the US presidential inauguration, while domestic gold price remained unchanged in both buying and selling directions.

At the time of the survey at 4:30 a.m. on January 21, 2025, the gold price on the trading floors of some companies was listed as follows:

SJC gold price was listed by Saigon Jewelry Company (SJC) at VND 84.9 million/tael for buying and VND 86.9 million/tael for selling. Both buying and selling prices remained unchanged compared to yesterday. The difference between buying and selling prices was VND 2.0 million.

Similarly, DOJI traded 9999 gold price today at VND 84.9 – 86.9 million/tael for buying and selling, unchanged in both buying and selling directions.

The SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 84.9-86.9 million VND/tael (buying – selling, unchanged in both buying and selling directions compared to yesterday.

The SJC gold price at PNJ was traded by the enterprise at 84.9-86.9 million VND/tael (buying – selling, unchanged in both buying and selling directions compared to yesterday.

The latest gold price list today, January 21, 2025 is as follows:

World gold price today 01/21/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 am today, Vietnam time, was at 2,706.39 USD/ounce. Today’s gold price increased by 0.16% compared to yesterday. Converted according to the USD exchange rate on the free market (25,539 VND/USD), the world gold price is about 83.3 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.6 million VND/tael higher than the international gold price.

Gold prices edged up on Thursday, supported by a weaker dollar, as markets assessed the potential economic impact of U.S. President Donald Trump’s second-term policies following his inauguration.

Spot gold rose 0.3% to $2,709.09 an ounce by 1:49 p.m. ET (1849 GMT) in light trading as U.S. markets were closed for the Martin Luther King Jr. holiday.

U.S. gold futures fell 0.7% to $2,730.20, narrowing their premium to spot prices after a Trump administration official said President Trump would issue a broad trade memorandum on his first day in office without imposing new tariffs.

The spread between New York futures and spot prices has widened in recent weeks as traders priced in potential US import tariffs and increased deliveries into CME shares.

“I believe that Donald Trump (president) will lead to higher market volatility, while some of his policies could lead to higher inflation over a longer period. This would continue to support safe-haven assets such as gold,” said UBS analyst Giovanni Staunovo.

Gold is used as an inflation hedge, although Trump’s inflationary tariff policies could prompt the Federal Reserve to keep interest rates high for longer, reducing the appeal of the non-yielding precious metal.

Trump has talked about tariffs of up to 10% on global imports as well as 60% on Chinese goods and a 25% import surcharge on Canadian and Mexican products.

“Gold is a financial asset that is likely to be broadly exempt from tariffs and as such we see a 10% chance of a 10% tariff being imposed on gold over the next 12 months,” Goldman Sachs said.

Bullion hit its highest since Dec. 12, 2024 last week after cooler core inflation data, dovish comments from Fed Governor Waller and reports of a gradual rollout of tariffs prompted traders to price in two rate cuts this year versus just one previously.

The dollar index (.DXY) fell 0.9%, making gold more attractive to foreign buyers.

Spot silver rose 0.7% to $30.52 an ounce, palladium fell 0.8% to $940.29 and platinum fell 0.2% to $940.70.