World gold price recovered strongly this morning
Gold prices continue to fluctuate
Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 104.86 million VND/tael.
Gold prices have fluctuated strongly in recent days. Last night, the world gold price fell to 3,265 USD/ounce, equivalent to a decrease of 227 USD/ounce compared to the peak (7.16 million VND/tael). This morning, the world gold price also fluctuated continuously.
According to analysts, world gold prices are being strongly affected by news that the White House is considering cutting reciprocal tariffs on Chinese goods, possibly down to 50% in some cases, to ease tensions with Beijing.
US Treasury Secretary Scott Bessent also said the US "has a chance to reach a big deal with China".
In addition, US President Donald Trump also appeared to withdraw his threat to fire Mr. Powell, after days of criticizing the Fed chairman for not cutting interest rates.
Russian President Vladimir Putin has also lowered many conditions for a ceasefire and peace with Ukraine. The US dollar has also recovered strongly.
Signs of a de-escalation in US-China tensions have somewhat dampened the appeal of gold. However, gold prices have since recovered due to continued demand for hedging as investors believe the trade war will not end anytime soon.
SJC gold bar price is 16.14 million VND/tael higher
World gold prices recover as demand for risk prevention remains high - Screenshot
Despite the recovery, world gold prices are still lower than yesterday. However, domestic gold prices are increasing rapidly.
This morning, SJC Company increased the selling price of SJC gold bars to 121 million VND/tael, an increase of 1.5 million VND/tael compared to the end of yesterday. The buying price is at 118.5 million VND/tael.
The difference between buying and selling prices is 2.5 million VND/tael.
The price of 9999 gold rings increased by 900,000 VND/tael, to 116.5 million VND/tael (selling), and 113.5 million VND/tael (buying).
At PNJ Company, the buying and selling price of SJC gold bars increased to 121.5 million VND/tael, buying at 118.5 million VND/tael.
Meanwhile, the selling price of 9999 gold rings increased to 116.5 million VND/tael, buying price 113.5 million VND/tael.
At Bao Tin Minh Chau Company, the selling price of 9999 gold rings this morning increased rapidly to 120 million VND/tael, buying price 117 million VND/tael.
Mi Hong gold shop listed the selling price of SJC gold bars at 121 million VND/tael, buying at 119 million VND/tael.
Compared to the converted world gold price, the price of SJC gold bars is 16.14 million VND/tael higher while the price of gold rings is 11.64 million VND/tael higher.
Please follow the domestic gold price developments here.
Source: https://tuoitre.vn/gia-vang-hoi-phuc-bat-chap-tin-nha-trang-xem-xet-giam-thue-cho-trung-quoc-2025042411231444.htm
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