Gold price on April 3: Gold rings and gold bars increased by 1 million VND/tael

Photo: DANG ANH

Opening today's trading session, domestic gold prices and world gold prices both increased sharply.

Specifically, at 9:30 a.m. on April 3, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 100.1-102.8 million VND/tael, an increase of 1 million VND per tael in both directions (buying and selling) compared to the previous session. The difference between buying and selling was 2.8 million VND.

SJC 9999 gold ring price is 99.9 million VND/tael for buying and 102.5 million VND/tael for selling, an increase of 1 million VND/tael for both buying and selling compared to the previous session.

Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 100.1 million VND/tael and sold at 102.8 million VND/tael, an increase of 1 million VND per tael in both directions (buying-selling) compared to the previous session's close.

This brand listed the price of Doji Hung Thinh Vuong 9999 gold ring, increasing by 1 million VND per tael in selling compared to yesterday's closing price, buying and selling transactions were 99.7-102.4 million VND/tael, respectively.

PNJ Gold listed buying price at 99.9 million VND/tael and selling price at 102.8 million VND/tael, an increase of 800 thousand VND per tael for buying price and 1 million VND per tael for selling price compared to the previous session.

As of 9:30 a.m. on April 3 (Vietnam time), the world gold price increased by 39.7 USD compared to the previous session to 3,154 USD/ounce.

World gold prices reversed and soared after US President Donald Trump announced reciprocal tariffs on all goods imported into the US from all countries and territories around the world and higher tariffs on dozens of countries with trade surpluses with the US, including Vietnam.

Accordingly, the market is concerned that the new US tariff policy will lead to higher consumer prices and possible retaliation from trade partners; at the same time, weaken the global economy , and increase inflation in the US. In this context, gold prices are considered a safe haven.

The reciprocal tariffs are much stronger than expected, leading to a sell-off in asset markets and a weaker dollar, said independent metals trader Tai Wong, who forecast prices could rise to $3,200 an ounce in the short term.

Gold, often used as a safe store of value during times of political and financial uncertainty, has gained more than $500 since the start of the year.

This morning, the USD-Index fell sharply to 103.3 points; the yield on 10-year US Treasury bonds fell to 4.054%; global US stocks plunged after Mr. Trump announced a new tax policy; oil prices fell across the board, trading at 73.33 USD/barrel for Brent oil and 70.01 USD/barrel for WTI oil.

Source: https://baotuyenquang.com.vn/gia-vang-ngay-3-4-vang-nhan-vang-mieng-dong-loat-tang-1-trieu-dong-luong-209463.html