Domestic gold price today
After the adjustment date, The price of domestic gold bars has increased sharply again. At the end of April 24, gold brands were buying at 118.5 million VND/tael and selling at 121 million VND/tael. Phu Quy SJC gold was buying at 500,000 VND lower than other brands.
Similarly, the price of gold rings of various brands was adjusted to increase sharply. Specifically, the price of SJC 9999 gold rings was adjusted to increase by 1 million VND for both buying and selling prices to 113.5 million VND/tael for buying and 116.5 million VND/tael for selling, respectively.
DOJI in Hanoi and Ho Chi Minh City markets adjusted the buying price up by 800,000 VND and the selling price up by 1 million VND to 113.5 million VND/tael for buying and 116.3 million VND/tael for selling, respectively.
PNJ brand gold ring price is listed at 113.5 million VND/tael for buying and 116.8 million VND/tael for selling, an increase of 800,000 VND for buying and 900,000 VND for selling.
Bao Tin Minh Chau listed the price of plain round gold rings at 117 million VND/tael for buying and 120 million VND/tael for selling, an increase of 2 million VND for both buying and selling.
Phu Quy SJC is buying gold rings at 115 million VND/tael and selling at 118 million VND/tael, an increase of 1.5 million VND in both directions.
Domestic gold bar prices updated at 5:30 a.m. on April 25 as follows:
Yellow | Area | Early morning 24-4 | Early morning April 25 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 116.5 | 119.5 | 118.5 | 121 | +2000 | +1500 | ||||
Ho Chi Minh City | 116.5 | 119.5 | 118.5 | 121 | +2000 | +1500 | ||||
SJC | Ho Chi Minh City | 116.5 | 119.5 | 118.5 | 121 | +2000 | +1500 | |||
Hanoi | 116.5 | 119.5 | 118.5 | 121 | +2000 | +1500 | ||||
Danang | 116.5 | 119.5 | 118.5 | 121 | +2000 | +1500 | ||||
PNJ | Ho Chi Minh City | 116.5 | 119.5 | 118.5 | 121 | +2000 | +1500 | |||
Hanoi | 116.5 | 119.5 | 118.5 | 121 | +2000 | +1500 | ||||
Bao Tin Minh Chau | Nationwide | 116.5 | 119.5 | 118.5 | 121 | +2000 | +1500 | |||
Phu Quy SJC | Nationwide | 116.5 | 119.5 | 118 | 121 | +1500 | +1500 | |||
World gold price today
World gold prices reversed sharply, with spot gold prices rising by $72.4 to $3,362.4 an ounce. Gold futures last traded at $3,370.9 an ounce, up $69.4 from early this morning.
Gold prices reversed gains on Thursday after falling more than 3% in the previous session. A weaker dollar and buying on dips helped spot gold rise nearly 2% to above $3,300 an ounce. Earlier this week, safe-haven demand on concerns about a weakening U.S. economy had pushed gold to a record high above $3,500 an ounce. However, the precious metal fell sharply after U.S. President Donald Trump backed away from his threat to fire the head of the Federal Reserve and appeared to soften his stance on China.
The market is focused on one issue right now: tariffs. China’s response has sent stocks and the dollar lower, but has boosted gold prices, said independent metals trader Tai Wong.
"Gold prices rising to $3,500 an ounce seems a bit overdone and needs a correction. Gold prices are likely to move sideways in the next few sessions but we are in a bull market so we will definitely buy on significant dips," Wong said.
On April 24, responding to reports that China and the United States were negotiating and could soon reach a trade agreement, Chinese Foreign Ministry spokesman Guo Jiakun denied the information, saying it was an inaccurate rumor.
In a recent interview with Kitco News, Ryan McIntyre, managing partner at Sprott Inc., advised investors to use pullbacks to increase their gold holdings to about 10% of their portfolios. McIntyre said he expects gold prices to remain well supported through 2025 as investors face more headwinds.
Elsewhere, stocks struggled and the dollar lost its appeal as investors tried to grasp the reversal in policy from President Donald Trump. A weaker greenback and increased risk-off sentiment made bullion more attractive to investors.
Meanwhile, data showed the number of Americans filing new claims for unemployment benefits rose slightly last week, suggesting the labor market remains resilient despite dark clouds hanging over the economy from tariffs on imported goods.
With the domestic gold bar price increasing sharply and the world gold price listed at Kitco at 3,362.4 USD/ounce (equivalent to about 106.1 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 14.9 million VND/tael.
Source: https://baolangson.vn/gia-vang-hom-nay-25-4-tang-manh-tro-lai-5045177.html
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