Gold price on April 9: SJC gold bars increased to 100.5 million VND/tael

Illustration photo.

Specifically, at 10:00 a.m. on April 9, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 98.3 - 100.5 million VND/tael, up 600,000 VND and 300,000 VND/tael respectively compared to yesterday's closing price.

SJC 9999 gold ring price is 98.2 million VND/tael for buying and 100.4 million VND/tael for selling.

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 10:00 on April 9.

DOJI gold bar price in Hanoi and Ho Chi Minh City is 98 million VND/tael for buying and 100.2 million VND/tael for selling, up 300,000 VND (buying), keeping the selling price unchanged.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold rings at the same price as gold bars at 98-100.2 million VND/tael.

PNJ Gold is currently buying at 97.5 million VND/tael and selling at 101.1 million VND/tael.

As of 10:00 a.m. on April 9 (Vietnam time), the world gold price increased by 19.2 USD compared to the previous session to 3,001.4 USD/ounce.

World gold prices fluctuated unpredictably this morning when the US began imposing new tariffs on 86 trading partners.

In addition, after the US confirmed that it would impose very high additional tariffs on imports from China, the market became even more “panic-stricken”. Former US Secretary of Commerce Carlos Gutierrez commented that the world’s No. 1 and No. 2 economies are entering a full-blown trade war.

In response to the US's announcement of additional tariffs, China continued to devalue the Yuan against the USD to create an export advantage.

World gold price chart on April 9. (Photo: kitco.com)

The above information caused the US stock market to continue to plummet, investors to sell off stocks, Wall Street to be in the red. Investors shifted capital from the stock market to precious metals, pushing the world gold price to increase to 3,020 USD/ounce at one point. After that, profit-taking pressure caused the gold price to fall back, trading around the 3,000 USD mark.

Gold prices have had a strong rally following President Donald Trump's tariff announcements and the market may continue to correct in the short term as some investors take profits, said Colin Cieszynski, chief market strategist at SIA Wealth Management.

Gold prices are likely to fall this week, but rally strongly for the rest of the year, said Adrian Day, chairman of Adrian Day Asset Management.

This morning, the USD-Index fell to 102.35 points; the yield on 10-year US Treasury bonds increased sharply to 4.426%; US stocks continued to be on fire; world oil prices fell to a 4-year low, currently trading at 60.75 USD/barrel for Brent oil and 57.52 USD/barrel for WTI oil.

According to nhandan.vn

Source: https://baolaocai.vn/gia-vang-ngay-94-vang-mieng-sjc-tang-len-muc-1005-trieu-dongluong-post399905.html