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Gold price hits unprecedented high of 120 million VND/tael

The upward trend of domestic gold prices continues as this morning the price of the precious metal "increased" by another 2 million VND/tael, to 120 million VND/tael, the highest level ever seen.

Hà Nội MớiHà Nội Mới18/04/2025

Opening the market, Saigon Jewelry Company Limited listed the price of SJC gold bars at 117 million VND/tael (buy) - 120 million VND/tael (sell), an increase of 1.5 million VND/tael (buy) and 2 million VND/tael (sell) compared to the end of the previous day.

However, this business still sets the price of gold rings at 114 million VND/tael (buy) - 117 million VND/tael (sell).

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Gold prices continue to increase sharply. Photo: HT

Phu Nhuan Jewelry Joint Stock Company also raised the price of SJC gold bars to a similar level. The price of gold rings here is listed at 114 million VND/tael (buy) - 117 million VND/tael (sell), unchanged from yesterday.

Meanwhile, Bao Tin Minh Chau Company Limited increased the price of gold rings by VND1.5 million/tael each way to VND116.5 million/tael (buy) - VND119.5 million/tael (sell). The price of SJC gold bars here is also listed at VND117 million/tael (buy) - VND120 million/tael (sell).

Thus, the domestic gold price increased sharply despite the decrease in the world price, possibly due to high domestic demand. In recent days, when the gold price continuously reached new peaks, people lined up to buy gold. Experts warn that the gold price has reached a very high level and can reverse and decrease at any time. Therefore, people need to be cautious.

On the international market, early this morning gold was trading at 3,329 USD/ounce, down 25 USD compared to the same time the previous day as investors took advantage of the opportunity to take profits after prices reached an all-time high.

In the foreign exchange market, the State Bank of Vietnam announced the central exchange rate of VND to USD, applied for April 18, is 1 USD = 24,898 VND, an increase of 5 VND compared to April 17.

BIDV listed the USD price at 25,720 VND (buy) - 26,080 VND (sell), up 20 VND per USD compared to the previous day. Vietcombank continued to keep it at 25,700 VND (buy) - 26,060 VND (sell).

Source: https://hanoimoi.vn/gia-vang-cham-muc-cao-chua-tung-thay-120-trieu-dong-luong-699394.html


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