Domestic gold ring prices this morning were adjusted down by brands following developments in the international market.
Early this morning, SJC Company listed the price of gold rings of type 1-5 at only 96.4-99.4 million VND/tael (buy - sell), down 600 thousand VND/tael in both buying and selling compared to the closing price at the end of last week.
This morning, Doji Gold and Gemstone Group reduced the price of 9999 gold rings to 96.5-99.5 million VND/tael (buy - sell), down 200,000 VND/tael for buying and down 600,000 VND/tael for selling compared to the end of last week.
SJC and Doji gold ring price list updated on the morning of April 8
Opening the trading session on April 8, the price of SJC 9999 gold decreased by 600 thousand VND/tael in both buying and selling compared to the closing session last weekend, to 96.5-99.5 million VND/tael (buying - selling).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 8:33 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:35 a.m. as follows:
SJC and Doji gold bar price list updated on the morning of April 8
The central exchange rate on April 8 announced by the State Bank was 24,898 VND/USD, up 12 VND compared to the previous trading session. The USD price at commercial banks this morning (April 8) was commonly listed at 25,590 VND/USD (buy) and 25,980 VND/USD (sell).
At 8:26 a.m. today (April 8, Vietnam time), the world spot gold price was at 2,996.5 USD/ounce, down 35.2 USD/ounce compared to last night. The price of gold futures for June 2025 on the Comex New York floor was at 3,009 USD/ounce.
On the morning of April 8, the world gold price converted to USD bank price was over 94.4 million VND/tael, including tax and fees, about 5.1 million VND/tael lower than the domestic gold price.
The price of gold on the Kitco floor at 20:20 (April 7, Vietnam time) was trading at 3,031.7 USD/ounce, down 0.17% compared to the beginning of the session. The price of gold futures for delivery in June 2025 on the Comex New York floor was trading at 3,057 USD/ounce.
At the beginning of the trading session on April 7 (US time), the world gold price decreased slightly. Analysts said that the decline has slowed down and shown signs of recovery as investors' profit-taking pressure has decreased.
Last week’s announcement by US President Donald Trump that a global trade war has begun has sent markets reeling and gold has been hit hard as investors rushed to book profits to offset losses.
World gold shows signs of recovery. Photo: NH
Rich Checkan, chairman and CEO of Asset Strategies International, predicts that gold prices will rise again in the near future. According to him, the recent profit-taking is just an act of raising money after the stock market plunged due to US tariff policies. Checkan believes that this decline in gold prices will attract new buyers to the market.
Colin Cieszynski, market strategist at SIA Wealth Management, said it is not unusual for some traders to take profits, which would cause a short-term correction in precious metals prices.
At the end of the session on April 5, the price of gold bars at SJC closed at 97.1-100.1 million VND/tael (buy - sell), down 1.7 million VND/tael for buying and down 1.2 million VND/tael for selling compared to the previous trading session.
The price of SJC 1-5 chi gold rings is listed at 97-100 million VND/tael (buy - sell), down 1.7 million VND/tael for buying and down 1.2 million VND/tael for selling compared to the previous day's closing price.
The price of 9999 gold rings at Doji closed the session at 96.7-100.1 million VND/tael, down 1.8 million VND/tael for buying and down 1.2 million VND/tael for selling compared to the previous day's closing price.
Gold Price Forecast
Adrian Day, chairman of Adrian Day Asset Management, predicts that gold prices will fall in the short term. However, the decline will be short and shallow. Adrian Day added that the drivers of gold over the past two years have not disappeared but have become stronger and they will continue to support the long-term trend of the precious metal.
Speaking about the short-term direction of gold prices, Kevin Grady, President of Phoenix Futures and Options, said that the general market still has a lot of room to go down before the precious metal can decouple from the stock market and then continue its upward trend.
Experts at CPM Group advise investors to hold their current positions and wait for a buying opportunity when prices fall further. They say the recent volatility is due to concerns about the negative impact of President Trump's new tax policy.
CPM does not recommend buying or selling, but only considers buying when gold falls around $3,050/ounce or lower.
Source vietnamnet
Source: https://baotayninh.vn/gia-vang-hom-nay-8-4-2025-dong-loat-lao-doc-nhan-va-sjc-tut-sau-duoi-100-trieu-a188551.html
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