Gold price today (April 3): Gold prices continued to increase thanks to safe-haven demand when US President Donald Trump's announcement of reciprocal tariffs raised concerns about an escalating trade war.
After a series of dizzying increases, Domestic gold bar prices have been slightly adjusted. Currently, gold brands are buying at 99.1 million VND/tael and selling at 101.8 million VND/tael. Phu Quy SJC gold is buying and selling at 400,000 VND and 100,000 VND lower than other brands, respectively.
Similarly, the price of gold rings of various brands was also adjusted down slightly. Specifically, the price of SJC 9999 gold rings was adjusted down by 300,000 VND for buying to 98.9 million VND/tael. The selling price remained at 101.5 million VND/tael.
DOJI in Hanoi and Ho Chi Minh City markets adjusted the buying price down by VND900,000 and the selling price down by VND700,000 to VND98.7 million/tael and VND101.4 million/tael, respectively.
PNJ brand gold ring price is listed at 99.1 million VND/tael and 101.8 million VND/tael, down 300,000 VND in both directions.
Bao Tin Minh Chau listed the price of plain round gold rings at 98.8 million VND/tael for buying and 101.8 million VND/tael for selling, down 1 million VND for buying price and 500,000 VND for selling price.
Phu Quy SJC is buying gold rings at 98.7 million VND/tael and selling at 101.7 million VND/tael, down 700,000 VND and 400,000 VND respectively.
Domestic gold bar prices updated at 5:30 a.m. April 3 as follows:
Yellow | Area | Early morning 2-4 | Early morning 3-4 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 99.4 | 102.1 | 99.1 | 101.8 | -300 | -300 | ||||
Ho Chi Minh City | 99.4 | 102.1 | 99.1 | 101.8 | -300 | -300 | ||||
SJC | Ho Chi Minh City | 99.4 | 102.1 | 99.1 | 101.8 | -300 | -300 | |||
Hanoi | 99.4 | 102.1 | 99.1 | 101.8 | -300 | -300 | ||||
Danang | 99.4 | 102.1 | 99.1 | 101.8 | -300 | -300 | ||||
PNJ | Ho Chi Minh City | 99.4 | 102.1 | 99.1 | 101.8 | -300 | -300 | |||
Hanoi | 99.4 | 102.1 | 99.1 | 101.8 | -300 | -300 | ||||
Bao Tin Minh Chau | Nationwide | 99.4 | 102.1 | 99.1 | 101.8 | -300 | -300 | |||
Phu Quy SJC | Nationwide | 99.4 | 102.1 | 98.7 | 101.7 | -700 | -400 | |||
World gold price today
World gold prices increased, with spot gold prices up 18 USD to 3,132.5 USD/ounce. Gold futures last traded at 3,166.7 USD/ounce, up 20 USD compared to early yesterday morning.
Gold continued to rise on Wednesday, hovering near an all-time high, with the precious metal’s rally fueled by safe-haven flows as U.S. President Donald Trump’s new reciprocal tariff order added to concerns about an escalating trade war.
The reciprocal tariffs are much stronger than expected, which will lead to a sell-off in asset markets and a weaker US dollar, said independent metals trader Tai Wong.
According to Wong, the current environment is perfect for gold. He predicts that prices could rise to $3,200 an ounce in the short term.
Accordingly, on Wednesday, President Trump announced that he would impose a basic tax of 10% on all imports into the US and increase taxes on some of the country's largest trading partners, a move that is expected to escalate the global trade war.
At the event, the US President also brought a board showing the tax rates applied to each economy. Of which, the UK, Brazil, Singapore will pay 10% tax. The European Union, Malaysia, Japan, South Korea, and India will pay 20-26%.
Gold, often used as a safe store of value during times of political and financial uncertainty, has gained more than $500 so far this year and hit a record high of $3,148.88 an ounce on Tuesday.
The break above resistance at $3,147.41/$3,149.84 bodes well for a move to $3,200/oz and lends credence to the outlook for $3,300/oz and $3,500/oz, said Peter Grant, vice president and senior metals strategist at Zaner Metals.
Following Mr Trump's tariff announcement, the US Dollar Index fell 0.4%, making gold cheaper for holders of other currencies.
Meanwhile, the latest jobs report showed that US private payroll growth increased in March. The market is still waiting for more non-farm payroll data for more clarity on the path of US interest rates.
With the domestic gold bar price decreasing and the world gold price listed at Kitco at 3,132.5 USD/ounce (equivalent to about 97.5 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 4.3 million VND/tael.
Source: https://baolangson.vn/gia-vang-hom-nay-3-4-tiep-tuc-tang-5042986.html
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