Gold price on April 17: Unprecedented increase, gold bars set new peak of 118 million VND/tael

Illustration photo.

Opening today's trading session, world and domestic gold prices simultaneously increased to new peaks, breaking historical records.

Specifically, at 10:00 a.m. on April 17, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 115.5-118 million VND/tael, an increase of 2.5 million VND per tael in both buying and selling compared to the previous session. The difference between buying and selling was 2.5 million VND.

The price of SJC 9999 gold ring is 114 million VND/tael for buying and 117 million VND/tael for selling, an increase of 3.5 million VND/tael in both directions (buying-selling) compared to the previous session.

Meanwhile, DOJI gold bar prices in Hanoi and Ho Chi Minh City were bought at VND115.5 million/tael and sold at VND118 million/tael, up VND2.5 million per tael in both buying and selling compared to the previous session.

This brand listed the price of Doji Hung Thinh Vuong 9999 gold ring, up 3.5 million VND per tael in both directions compared to yesterday's closing price, with buying and selling transactions at 114-117 million VND/tael, respectively.

PNJ Gold listed buying price at 110.5 million VND/tael and selling price at 113.6 million VND/tael, unchanged in both buying and selling price compared to the previous session.

As of 10:00 a.m. on April 15 (Vietnam time), the world gold price increased by 107.9 USD compared to the previous session to 3,337 USD/ounce.

World gold prices today increased to an all-time high as investors worried about global economic instability and geopolitical tensions between major powers continued to escalate.

In addition, new US tariff policies have put pressure on the stock market. This has caused investors to withdraw capital from stocks and move to safe assets such as gold.

Not only tax policy, the US Federal Reserve (FED) is expected to cut interest rates soon, which is also contributing to the increase in gold prices. Low interest rates make other investment channels less attractive, causing investors and institutions to increase gold reserves as a risk-hedging measure.

Investors are waiting for US retail sales data to gauge the outlook for the country's economy and the direction of the Fed's policy.

This morning, the USD-Index was at 99.50 points; the yield on 10-year US Treasury bonds rose to 4.305%; US stocks fell due to the US's aggressive trade policy; world oil prices increased slightly, to 66.15 USD/barrel for Brent oil and 66.43 USD/barrel for WTI oil.

According to Nhandan.vn

Source: https://baoquangngai.vn/kinh-te/202504/gia-vang-ngay-174-tang-cao-chua-tung-co-vang-mieng-lap-dinh-moi-118-trieu-dongluong-a7533f8/