Gold price on April 10, 2025: Shocking increase, surpassing 103 million VND/tael, setting a new record

Illustration photo. Photo: Internet

Compared to the previous trading session, the domestic gold price on the morning of April 10 increased by more than 1 million VND/tael, marking a simultaneous breakthrough across the entire market.

At Bao Tin Minh Chau, the price of gold rings opened the morning session at 100.5 - 103.5 million VND/tael (buy - sell), in which the buying price increased by 600,000 VND/tael and the selling price jumped by 1,500,000 VND compared to yesterday's session.
Transactions at DOJI Gold and Gemstone Group Joint Stock Company recorded the price of plain round rings at around 100.4 - 103.4 million VND/tael (buy - sell). Meanwhile, at Phu Quy Gold Investment Joint Stock Company, gold rings fluctuated around 100 - 103.5 million VND/tael (buy - sell).
Saigon Jewelry Company Limited (SJC) has adjusted the price of SJC gold bars to 100.4 - 103.4 million VND/tael (buy - sell), an increase of 700,000 VND/tael for buying and 1,500,000 VND/tael for selling compared to the closing price on April 9.
The domestic market this morning set an all-time high gold price. The gap between buying and selling prices is up to more than 3 million VND/tael, making the risk of short-term losses for buyers even more obvious.
In the international market, in the early morning of April 10 (Vietnam time), the world gold price reached 3,100 USD/Ounce, an increase of more than 100 USD/Ounce in just 24 hours. With the Vietcombank exchange rate, the world gold price is equivalent to about 98 million VND/tael, which is more than 5 million VND/tael lower than the domestic price.
Experts in the finance and banking sector believe that domestic gold prices are currently following the trend of the world market. Specifically, on April 9 (Washington time), gold increased by 3%, becoming the best performing trading session in many years thanks to the wave of money flowing into safe assets amid escalating US-China trade tensions.
This morning (Vietnam time), US President Donald Trump unexpectedly announced a 90-day extension of the reciprocal tax deadline for a number of countries. However, he also affirmed that he would raise the tax rate on goods from China to 125%, causing concerns about rising inflation and restrained growth, creating momentum for a surge in demand for gold as a safe haven.
Minutes from the Federal Reserve's most recent meeting showed policymakers were unanimous in warning of rising inflation risks and slowing growth. Investors are now looking ahead to Thursday's U.S. CPI report for clarity. Several forecasting tools are pointing to an increased probability of a rate cut, which could provide a boost to gold.
Financial experts warn that domestic gold buyers should carefully observe the market before making a trading decision, especially when the current buying-selling gap is quite high, causing disadvantages for individual investors. In addition, when demand increases suddenly while the amount of gold sold is limited, fraud and selling fake gold for profit are very likely to occur.

Cao Thong (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-10-4-2025-tang-soc-vuot-moc-103-trieu-dong-luong-thiet-lap-ky-luc-moi/20250410101848908