Gold price on April 19: Domestic gold prices simultaneously turned down

The world gold price today (April 19) was stable in the context of the market being closed for Easter, remaining at a high of 3,327 USD/ounce. In the country, the price of SJC gold bars and gold rings cooled down after setting a record high yesterday. SJC gold bars were traded at 119 million VND/tael; SJC gold rings were traded at 115.5 million VND/tael.

At the opening of today's trading session, domestic gold prices all fell sharply, ending the consecutive increase in recent days. In just half a month, gold prices increased by more than 16 million VND/tael.

Specifically, at 10:00 a.m. on April 19, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 115-119 million VND/tael, down 2 million VND per tael for buying and 1 million VND per tael for selling compared to the previous session. The difference between buying and selling was 4 million VND.

The price of SJC 9999 gold ring is 111.5 million VND/tael for buying and 115.5 million VND/tael for selling, down 2.5 million VND/tael for buying and 1.5 million VND/tael for selling compared to the previous session.

Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 113.5 million VND/tael and sold at 117.5 million VND/tael, down 3.5 million VND per tael for buying and 2.5 million VND per tael for selling compared to the previous session.

This brand listed the price of Doji Hung Thinh Vuong 9999 gold ring, down 1.8 million VND per tael for buying and 3 million VND per tael for selling compared to yesterday's closing price, with buying and selling transactions at 113.2-115.5 million VND/tael, respectively.

PNJ Gold listed buying price at 112 million VND/tael and selling price at 116 million VND/tael, down 2 million VND/tael for buying price and 1 million VND/tael for selling price compared to the previous session.

As of 10:00 a.m. on April 15 (Vietnam time), the world gold price remained unchanged compared to the previous session, trading at 3,327 USD/ounce.

Gold prices were steady as markets closed for the Easter holiday. Gold prices ended the week with a slight decline on Thursday (April 18) as investors booked profits after the price of gold hit a new record of over $3,350 per ounce.

According to some analysts, the gold market is currently overbought but still maintains a solid uptrend. Despite selling pressure, gold prices still hold an important support zone around $3,300/ounce.

“After a 13% increase in just one week, it is understandable that gold prices have adjusted down. However, the long-term upward trend of gold is still maintained,” said David Morrison, an expert at Trade Nation.

This week, 16 analysts participated in the Kitco News survey. Of those, 10 (63%) predicted that gold prices will rise next week. Meanwhile, 4 (25%) said prices will fall. The remaining 2 (12%) said that gold prices will trade sideways around new highs.

Kitco’s online survey also recorded 312 participants from the retail investor group. Of those, 195 people (63%) said that gold prices will continue to rise next week, 57 people (18%) predicted prices will fall, and the remaining 60 people (19%) said prices will remain flat.

This morning, the USD-Index was at 99.38 points; the yield on 10-year US Treasury bonds rose to 4.332%; US stocks fell; world oil prices increased, to 67.96 USD/barrel for Brent oil and 64.68 USD/barrel for WTI oil.

Source: https://baotuyenquang.com.vn/gia-vang-ngay-19-4-vang-trong-nuoc-dong-loat-quay-dau-giam-210438.html