Gold price today increased 'hotly', gold investment set a record

Gold prices hit an all-time high

Gold price today, April 16, increased to an unprecedented high. At 10:00 a.m., Saigon Jewelry Company Limited - SJC listed the price of SJC gold at 108.5 million VND/tael for buying and 111 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau is also buying SJC gold bars at 108.5 million VND/tael and selling at 111 million VND/tael.

Today's gold price, gold ring price, gold bar price listed at Saigon Jewelry Company Limited - SJC

At the same time, the price of gold rings is also listed by Bao Tin Minh Chau at around 108.3 - 111 million VND/tael for buying and selling.

Saigon Jewelry Company Limited - SJC listed at 108 - 110.5 million VND/tael for buying and selling.

Compared to 2:30 p.m. yesterday, April 15, SJC gold price has been adjusted to increase by 3 million VND in both buying and selling directions.

Meanwhile, gold ring price was adjusted to increase by 5.6 million VND/tael for buying and 6 million VND/tael for selling.

At 10am, the world gold price stood at around $3,275/ounce. Gold prices increased due to concerns about escalating trade tensions and slowing global economic growth due to changes in tariff policies, causing investors to flock to gold to find a safe haven.

Explaining the increase in gold prices, many economic experts said that the increase in gold prices is partly due to the continuous weakening of the USD. The decrease in the US Dollar Index shows that the attractiveness of this safe haven currency is decreasing and gold can become an alternative choice for many USD investors.

Additionally, the short-term monetary policy outlook also provided additional support for gold.

Gold prices rise, gold investment demand also hits peak

The high price of gold has been accompanied by a sharp increase in people's demand for gold. According to a reporter's survey, although gold shops are only selling in small quantities, many people are still lining up to buy gold.

At Bao Tin Minh Chau store on Tran Nhan Tong street (Hai Ba Trung district, Hanoi), people lined up on the sidewalk waiting to buy gold. Ms. Thu Phuong (Hoan Kiem, Hanoi) said that although the price of gold has increased, this is still an effective investment channel in the current context. Gold prices have continuously set records due to concerns about inflation and geopolitical risks...

"In the coming time, the world gold price is forecasted to continue its upward trend, leading to an increase in the domestic gold price" - Ms. Thu Phuong informed and confidently said that investing in gold during this period will still be profitable.

Hoang Giang

Source: https://congthuong.vn/gia-vang-hom-nay-tang-nong-dau-tu-vang-lap-ky-luc-383279.html