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Gold price on the afternoon of April 5, 2025: Domestic and world gold prices fell sharply, erasing all records of the week

Gold price this afternoon, April 5, 2025: Domestic gold price and world gold price dropped sharply, erasing all record increases recorded since the beginning of the week. Domestic gold price dropped sharply to nearly 100 million VND, world gold price approached below 3000 USD

Báo Nghệ AnBáo Nghệ An05/04/2025

Domestic gold price on April 5, 2025

At the time of survey at 3:30 p.m. on April 5, 2025, the domestic gold price dropped sharply to nearly 100 million. Specifically:

DOJI Group listed the price of SJC gold bars at 97.1-100.1 million VND/tael (buy - sell), a decrease of 1.7 million VND/tael for buying - a decrease of 1.2 million VND/tael for selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 97.1-100.1 million VND/tael (buy - sell), down 1.7 million VND/tael for buying - down 1.2 million VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 99.3-100.8 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 300 thousand VND/tael for buying and 700 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 97.2-100.1 million VND/tael (buying - selling, down 1.6 million VND/tael in buying direction - down 1.2 million VND/tael in selling direction compared to yesterday.

SJC gold price in Phu Quy is traded by businesses at 97.1-100.1 million VND/tael (buy - sell), gold price decreased 1.5 million VND/tael for buying - decreased 1.2 million VND/tael for selling compared to yesterday.

Gold price on the afternoon of April 5, 2025: Gold price drops, erasing all records

As of 3:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 96.7-100.1 million VND/tael (buy - sell); down 1.8 million VND/tael in buying - down 1.2 million VND/tael in selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 97.5-100.5 million VND/tael (buy - sell); down 1.3 million VND/tael for buying - down 800 thousand VND/tael for selling.

The latest gold price list on the afternoon of April 5, 2025 is as follows:

Gold price today
April 5, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
97.1 100.1
-1700 -1200
DOJI Group
97.1
100.1
-1700
-1200
Red Eyelashes
99.3 100.8
-300 -700
PNJ
97.1
100.1
-1700 -1200
Vietinbank Gold
100.1

-1200
Bao Tin Minh Chau
97.2
100.1
-1600 -1200
Phu Quy 97.1 100.1 -1500 -1200
1. DOJI - Updated: April 5, 2025 15:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price Buy Sell
AVPL/SJC HN 97,100 ▼1700K 100,100 ▼1200K
AVPL/SJC HCM 97,100 ▼1700K 100,100 ▼1200K
AVPL/SJC DN 97,100 ▼1700K 100,100 ▼1200K
Raw material 9999 - HN 96,500 ▼1800K 99,200 ▼1200K
Raw material 999 - HN 96,400 ▼1800K 99,100 ▼1200K
2. PNJ - Updated: April 5, 2025 15:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
SJC 999.9 gold bar 9,710 10,010
PNJ 999.9 Plain Ring 9,750 10,010
Kim Bao Gold 999.9 9,750 10,010
Gold Phuc Loc Tai 999.9 9,750 10,010
999.9 gold jewelry 9,750 10,000
999 gold jewelry 9,740 9,990
9920 jewelry gold 9,680 9,930
99 gold jewelry 9,660 9.910
750 Gold (18K) 7,265 7,515
585 Gold (14K) 5,615 5,865
416 Gold (10K) 3,925 4.175
PNJ Gold - Phoenix 9,750 10,010
916 Gold (22K) 8,920 9,170
610 Gold (14.6K) 5,865 6.115
650 Gold (15.6K) 6,265 6,515
680 Gold (16.3K) 6.565 6,815
375 Gold (9K) 3,515 3,765
333 Gold (8K) 3,065 3.315
3. SJC - Updated: 4/5/2025 15:30 - Time of the source website - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 97,100 ▼1700K 100,100 ▼1200K
SJC gold 5 chi 97,100 ▼1700K 100,120 ▼1200K
SJC gold 0.5 chi, 1 chi, 2 chi 97,100 ▼1700K 100,130 ▼1200K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 97,000 ▼1700K 100,000 ▼1200K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 97,000 ▼1700K 100,100 ▼1200K
Jewelry 99.99% 97,000 ▼1700K 99,700 ▼1200K
Jewelry 99% 95,712 ▼1188K 98,712 ▼1188K
Jewelry 68% 64,952 ▼816K 67,952 ▼816K
Jewelry 41.7% 38,729 ▼500K 41,729 ▼500K

World gold price on the afternoon of April 5, 2025 and chart of world gold price fluctuations in the past 24 hours

According to Kitco, the world gold price recorded at 3:30 p.m. today, Vietnam time, was 3,035.92 USD/ounce. Today's gold price decreased by 63.92 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (25,960 VND/USD), the world gold price is about 95 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 5.1 million VND/tael higher than the international gold price.

World gold prices fell more than 3%, erasing all record gains from the beginning of the week, as investors sold gold to cover losses from other markets. The main reason came from escalating trade tensions, raising concerns about a global economic recession.

The world gold price today even dropped to $3,015.29. Just two days before, gold set a new record at $3,167.57/ounce. For the week, the gold price lost 1.9%. Meanwhile, gold futures in the US also fell 2.8%, closing at $3,035.4.

Technically, gold prices remained above their 21-day moving average of $3,023. "Gold is often used as a liquidity asset to meet margin calls during volatile markets, so it is normal for gold to fall after a risk event," said Suki Cooper, an analyst at Standard Chartered.

Global stocks fell sharply for a second straight day, with the S&P 500 and Nasdaq each losing about 5%. The reason was that China announced an additional 34% tariff on all US goods from April 10, in response to the tariffs previously imposed by US President Donald Trump.

Still, gold prices have risen about 15.3% year-to-date, helped by strong demand from central banks and its role as a safe haven from economic and geopolitical uncertainty. "Despite the volatility, gold remains a safe haven for many investors," said Matt Simpson, an expert at City Index.

US Federal Reserve Chairman Jerome Powell said Mr Trump's new tariffs were "higher than expected" and could lead to higher inflation and slower growth. Meanwhile, the USD index rose 0.7%, making gold more expensive for foreign investors.

Better-than-expected US jobs data also added to the case for the Fed to delay a rate cut, which has supported gold prices. "I think the jobs data will reinforce the Fed's stance of holding off on rate cuts," said Alex Ebkarian, chief executive officer at Allegiance Gold.

Besides gold, silver prices fell 7.3% to $29.54/ounce, recording the worst week since September 2020. Platinum and palladium prices also lost 3.6% and 2%, to $918.35 and $909.75, respectively.

Gold Price Forecast

Many investors are forced to sell gold due to margin calls as the overall market declines, experts say. "We still expect gold prices to rise further in the second quarter due to the current risky investment environment," said Suki Cooper, an expert at Standard Chartered. The bank predicts that gold prices could reach $3,300 an ounce in the second quarter.

HSBC has revised up its forecast for the average gold price in 2025 to $3,015 an ounce and in 2026 to $2,915 an ounce, from its previous forecasts of $2,687 and $2,615, respectively. The decision was made due to growing geopolitical uncertainties, including conflicts in Ukraine and the Middle East, along with changes in US foreign policy and economic uncertainty.

HSBC said central banks will continue to buy gold this year and next, but the pace of purchases may be slower than the peak period in 2022-2024. Demand for gold may decline if prices rise above $3,000 an ounce, but will rebound if prices fall below around $2,800.

The bank said: "If the gold price falls sharply and continuously below $3,000/ounce, for example near or below $2,700/ounce, it could trigger a sell-off from speculators but at the same time stimulate demand for physical gold and encourage central banks to increase purchases."

The latest forecasts from HSBC show that gold prices will remain high over the next two years, mainly due to geopolitical and global economic uncertainties. However, financial market volatility and the Fed's monetary policy will continue to be important factors influencing gold price trends.

According to David Meger of High Ridge Futures, the current decline in gold prices is just a temporary technical correction. He believes that the uptrend will soon return. Experts at RBC Capital Markets have raised their average gold price forecast to $3,039 an ounce this year and to $3,195 an ounce next year.

Market analyst Ed Yardeni predicts that gold prices could hit $4,000 by the end of the year, or even sooner if President Trump continues to maintain his aggressive tariff policies. "This price could be reached sooner if Trump persists with his 'Era of Tariffs,'" he said.

Technically, the June gold futures bulls still have the advantage in the short term. Their next target is a close above the strong resistance at $3,201.60 per ounce. On the other hand, the bears are looking to push the price below solid technical support at $3,031.00. Currently, the nearest resistance levels are $3,150 and $3,160.2.

Source: https://baonghean.vn/gia-vang-chieu-5-4-2025-gia-vang-trong-nuoc-va-the-gioi-giam-manh-xoa-sach-ky-luc-trong-tuan-10294526.html


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