Gold price today (April 26): Sharp decline

Domestic gold price today

After a strong increase, the domestic gold bar price was adjusted down slightly in the selling direction. At the end of April 25, gold brands were buying at 118.5 million VND/tael and selling at 120.5 million VND/tael. Phu Quy SJC gold was buying and selling at 1 million VND and 500,000 VND lower than other brands, respectively.

Similarly, the price of gold rings of most brands has been adjusted down sharply. Specifically, the price of SJC 9999 gold rings has been adjusted down by 1 million VND for both buying and selling prices, down to 112.5 million VND/tael for buying and 115.5 million VND/tael for selling, respectively.

Domestic gold prices decrease. Photo: thanhnien.vn

DOJI in Hanoi and Ho Chi Minh City markets adjusted down 1 million VND in buying price and 800,000 VND in selling price, down to 112.5 million VND/tael for buying and 115.5 million VND/tael for selling, respectively.

Bao Tin Minh Chau listed the price of plain round gold rings at 116.5 million VND/tael for buying and 119.5 million VND/tael for selling, down 500,000 VND for both buying and selling.

Meanwhile, the price of PNJ brand gold rings was adjusted up by 1 million VND for buying and 700,000 VND for selling, up to 114.5 million VND/tael for buying and 117.5 million VND/tael for selling, respectively.

Phu Quy SJC is buying gold rings at 115 million VND/tael and selling at 118 million VND/tael, unchanged from early this morning.

Domestic gold bar prices updated on the morning of April 26 as follows:

Yellow	Area	Early morning April 25	Early morning April 26	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	118.5	121	118.5	120.5	-	-500
Ho Chi Minh City	118.5	121	118.5	120.5	-	-500
SJC	Ho Chi Minh City	118.5	121	118.5	120.5	-	-500
Hanoi	118.5	121	118.5	120.5	-	-500
Danang	118.5	121	118.5	120.5	-	-500
PNJ	Ho Chi Minh City	118.5	121	118.5	120.5	-	-500
Hanoi	118.5	121	118.5	120.5	-	-500
Bao Tin Minh Chau	Nationwide	118.5	121	118.5	120.5	-	-500
Phu Quy SJC	Nationwide	118	121	117.5	120	-500	-1000

World gold price today

World gold prices reversed to decrease, with spot gold prices falling by 42.1 USD to 3,320.3 USD/ounce. Gold futures last traded at 3,298.4 USD/ounce, down 50.2 USD compared to early yesterday morning.

Gold prices fell nearly 2% on Friday, ending a string of weekly gains, as a rebound in the dollar and signs of easing trade tensions between the U.S. and China, after Beijing exempted some U.S. imports from tariffs, weighed on prices.

“The easing of tariffs is clearly having a negative impact on gold prices... However, so far we have not seen a significant sell-off,” said Daniel Ghali, commodity strategist at TD Securities.

“But, since we know that investors have been buying on corrections in the last few sessions, there may still be room for gold prices to recover,” Ghali added.

China is considering tariff exemptions for some imports from the United States, which are subject to tariffs as high as 125 percent, and has asked businesses to identify eligible items, businesses said.

Earlier this week, US President Donald Trump also signaled his desire to ease trade tensions.

World gold prices drop sharply. Photo: Getty images

Meanwhile, the US dollar rose and recorded its first weekly gain since March, making gold - priced in dollars - more expensive for international buyers.

Considered a safe haven amid geopolitical and economic uncertainty, gold prices have hit a record high of $3,500.05 an ounce and have risen more than 25% this year, largely due to US-China trade tensions and net buying by central banks.

“Trade war concerns have been a major driver of gold buying in the past, and while there are signs of a slowdown, it will take some time before we see any real progress, so these concerns are not completely gone,” said Fawad Razaqzada, market analyst at City Index and FOREX.com.

With the domestic gold bar price decreasing and the world gold price listed at Kitco at 3,320.3 USD/ounce (equivalent to about 104.9 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 15.6 million VND/tael.

TRAN HO HOAI

*Please visit the Economics section to see related news and articles.

Source: https://baodaknong.vn/gia-vang-hom-nay-26-4-quay-dau-giam-manh-250638.html