Gold price in the first 4 months of the year increased by more than 41% compared to the same period last year

According to the Phu Yen Statistical Office, the average price of 99.99 gold in the province in April 2025 reached more than 10.4 million VND/tael, up 10.07% over the previous month and up 23.62% over December 2024. Notably, compared to the same month in 2024, the gold price increased by 44.73%. On average, in the first 4 months of 2025, the gold price increased by 41.54% over the same period last year.

Graphics: VIET AN

According to experts, the strong increase in gold prices in recent times has been driven by many factors, including the need for safe havens in the context of global economic instability, interest rate and exchange rate policies, as well as fluctuations in international financial markets.

In April 2025, the world gold price peaked at nearly $3,500/ounce, then dropped to around $3,250/ounce. However, experts say that if the above factors continue to develop in an unfavorable direction, the gold price may continue to increase in the near future.

Source: https://baophuyen.vn/kinh-te/202505/gia-vang-4-thang-dau-nam-tang-hon-41-so-voi-cung-ky-nam-truoc-e07525c/