Conquering a new record

Gold prices today (April 12): World gold prices continue to rise and break the record reached not long ago. Following this trend, domestic gold prices also increased sharply.

Domestic gold prices today

Gold bar prices continue their strong upward trend. Currently, gold from various brands is being bought at 102.2 million VND/ounce and sold at 105.2 million VND/ounce. Phu Quy SJC gold, however, is being bought at a price 200,000 VND lower than other brands.

Similarly, the prices of gold rings from various brands also increased sharply. Specifically, the price of SJC 9999 gold rings was adjusted upwards by 1.3 million VND for buying and 1.6 million VND for selling, reaching 99.8 million VND/ounce and 104.4 million VND/ounce respectively.

Domestic gold prices are soaring. Photo: vietnamnet.vn

DOJI in Hanoi and Ho Chi Minh City listed the price of gold rings at 100.7 million VND/ounce and 104.3 million VND/ounce, an increase of 500,000 VND for the buying price and 1.1 million VND for the selling price.

PNJ branded gold rings are listed at 100.8 million VND/ounce and 104.3 million VND/ounce, an increase of 900,000 VND for the buying price and 1.4 million VND for the selling price.

Bao Tin Minh Chau listed the price of plain gold rings at 100.9 million VND/ounce for buying and 104.5 million VND/ounce for selling, an increase of 200,000 VND for buying and 800,000 VND for selling.

Phu Quy SJC is currently buying gold rings at 100.7 million VND/ounce and selling them at 104.3 million VND/ounce, an increase of 700,000 VND in the buying price and 1.1 million VND in the selling price.

The price of domestic gold bars, updated at 5:30 AM on April 12th, is as follows:

Yellow	Area	Early morning of April 11th	Early morning of April 12th	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measurement: million VND/ounce	Unit of measurement: Thousand dong/ounce
DOJI	Hanoi	100.6	103.6	102.2	105.2	+1600	+1600
Ho Chi Minh City	100.6	103.6	102.2	105.2	+1600	+1600
SJC	Ho Chi Minh City	100.6	103.6	102.2	105.2	+1600	+1600
Hanoi	100.6	103.6	102.2	105.2	+1600	+1600
Da Nang	100.6	103.6	102.2	105.2	+1600	+1600
PNJ	Ho Chi Minh City	100.6	103.6	102.2	105.2	+1600	+1600
Hanoi	100.6	103.6	102.2	105.2	+1600	+1600
Bao Tin Minh Chau	Nationwide	100.6	103.6	102.2	105.2	+1600	+1600
Phu Quy SJC	Nationwide	100	103.6	102	105.2	+2000	+1600

Today's world gold price

Global gold prices continued their strong upward trend, with spot gold rising $60.5 to $3,238 per ounce. Gold futures last traded at $3,254.9 per ounce, up $7.4 from early yesterday morning.

Gold continued its upward trend on Friday, surpassing the $3,200/ounce mark for the first time in gold market history, driven by a weakening US dollar and safe-haven demand as escalating US-China trade tensions fueled recession fears.

"Recession risks are rising, bond yields are soaring, and the US dollar continues to weaken – all of these factors reinforce gold's role as a crisis hedge and inflation shield," said Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany.

According to WisdomTree commodity strategist Nitesh Shah, gold continues to play its role as a favored safe-haven asset in a world disrupted by trade wars.

On Friday, Beijing announced it would raise tariffs on US imports to 125% in retaliation for US President Donald Trump's decision to increase tariffs on Chinese goods to 145%. This move has heightened the risk in a trade war that threatens to disrupt global supply chains.

World gold prices surpass $3,200 per ounce. Photo: Getty Images

The combination of central bank buying, expectations of interest rate cuts by the US Federal Reserve (Fed), geopolitical uncertainty, and capital inflows into gold-backed exchange-traded funds (ETFs) has also supported gold's price surge this year. Spot gold prices have continued their strong upward trend from last year, reaching several record highs and rising nearly 21% year-to-date.

UBS analyst Giovanni Staunovo said: “We believe gold prices will rise even higher – in a bullish scenario, we target $3,400-$3,500 per ounce in the coming months.”

US monthly producer prices unexpectedly fell 0.4% in March, but import tariffs are expected to push inflation higher in the coming months. Traders are now betting that the Fed will continue cutting interest rates in June and will see cuts of around 90 basis points by the end of 2025.

Independent metals trader Tai Wong said it wouldn't be surprising if gold experienced a slight correction in the short term. However, the precious metal's trend remains bullish and bullish for the long term as consumer and manufacturing price data are reinforcing the likelihood that the Fed will continue to cut interest rates, and that will maintain pressure on the US dollar.

With domestic gold bar prices rising sharply and world gold prices listed on Kitco at $3,238/ounce (equivalent to approximately VND 101.2 million/ounce at Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about VND 4 million/ounce.

TRAN HOAI

* Please visit the Economics section to view related news and articles .