Gold price today April 30, 2025 decreased sharply, SJC gold and plain rings are under great pressure

Gold prices today, April 30, 2025, on the international market turned sharply down when the USD increased, the US stock market was more stable. SJC gold bars and gold rings are anchored at high levels and may be subject to selling pressure.

Domestic gold prices stopped trading today due to the April 30-May 1 holiday.

	Buy (VND/tael)	Increase/decrease	Sell ​​(VND/tael)	Increase/decrease
SJC	114,000,000	0	116,500,000	0
Doji	114,000,000	0	116,500,000	0

                SJC and Doji gold ring price list updated on the morning of April 30

	Buy (VND/tael)	Increase/decrease	Sell ​​(VND/tael)	Increase/decrease
SJC HCMC	119,300,000	0	121,300,000	0
Doji Hanoi	119,300,000	0	121,300,000	0
Doji HCMC	119,300,000	0	121,300,000	0

              SJC and Doji gold bar price list updated on the morning of April 30

At 9:12 a.m. today (April 30, Vietnam time) , the world spot gold price was at 3,310.4 USD/ounce, up 2.4 USD/ounce compared to last night. The gold futures price for June 2025 on the Comex New York floor was at 3,321.7 USD/ounce.

On the morning of April 30 , the world gold price converted to USD bank price was over 105.5 million VND/tael, including tax and fees, about 15.8 million VND/tael lower than the domestic gold price.

As of 7:40 p.m. on April 29 (Vietnam time), the spot gold price today on the international market was at $3,308/ounce. Gold for June 2025 delivery on the Comex New York floor was at $3,316/ounce.

The world gold price on the night of April 29 was about 60.4% higher (equivalent to 1,246 USD/ounce) than at the beginning of 2024. The world gold price converted to the bank USD price was 105.5 million VND/tael, including taxes and fees, about 15.8 million VND/tael lower than the domestic gold price as of the end of the afternoon session on April 23.

World gold prices turned down due to profit-taking pressure in the context of more stable US and world financial markets. The USD increased again, the US stock market had many sessions of increase.

Investors are less concerned about high-risk assets. This is also the reason why money flows temporarily retreat from gold.

Gold prices also fell due to a drop in oil, a commodity closely related to gold. WTI crude oil prices fell more than 1.6% to $61/barrel.

Gold prices have fluctuated strongly recently. Photo: HH

Gold prices fell as the US dollar recovered quickly. The DXY index rose 0.3% to 99.3 points.

Domestically, the gold price is still around 120 million VND/tael. Specifically, by the end of the trading session on April 29, the price of 9999 gold bars at SJC and Doji was listed at 119.3-121.3 million VND/tael (buy - sell), an increase of 1.8 million VND in both directions.

The price of gold rings also hangs high. By the end of the afternoon of April 29, SJC announced the price of gold rings of type 1-5 at only 114-116.5 million VND/tael (buy - sell), an increase of 1.5 million VND in both buying and selling compared to the previous session. Doji listed the price of 9999 smooth round gold rings at the same level.

Gold Price Forecast

World gold prices fell as investors were less concerned about high-risk assets. Investors are waiting for signals from trade negotiations between the US and several countries.

However, the demand for investment in gold is still considered large, when the uncertainty about US policy is quite high. Recently, the Beijing government has been tough and denied a high-level phone call between the two sides.

Traders are now focused on quarterly earnings reports from major corporations due out this week.

Many US economic figures are expected to be released in the early morning of April 30, including Johnson Redbook's weekly retail sales report, consumer confidence index, monthly home price index...

According to Kitco expert Jim Wyckoff, the gold price uptrend appears to have exhausted. It shows that a short-term top has appeared.

In the long term, many forecasts suggest that gold prices could continue to rise amid continued uncertainty. JPMorgan has just predicted that gold could reach $4,000 an ounce by 2026.

The world gold price has been 'overbought', what will happen next? The gold price fluctuated strongly, peaking at 3,500 USD/ounce, then plummeting and then breaking out again. Many people believe that the gold price has peaked after being overbought. However, some analysts believe that the increase is not over yet.

Source: https://vietnamnet.vn/gia-vang-hom-nay-30-4-2025-sjc-va-nhan-tron-chiu-ap-luc-lon-2396566.html