Gold prices rose by nearly 3 million VND/ounce on the morning of April 11, 2025, reaching a record high.

At around 9:30 AM, the price of SJC gold bars, as quoted by SJC Company, PNJ Company, and Bao Tin Minh Chau, increased by 2.8 million VND in both buying and selling prices compared to yesterday, listed at 103.4 million VND/ounce for buying and 106.4 million VND/ounce for selling.

Phu Quy Group also increased the buying price by 2.9 million VND and the selling price by 2.8 million VND, listing at 102.9 million VND/ounce for buying and 106.4 million VND/ounce for selling.

Mi Hong Gold Shop (Ho Chi Minh City) also increased the buying price by 1.3 million VND and the selling price by 1.8 million VND, listing at 102 million VND/ounce for buying and 104.5 million VND/ounce for selling.

Thus, the price of SJC gold bars this morning broke yesterday's peak of 103.9 million VND/ounce to set a new record high of 106.4 million VND/ounce.

The price of 9999 gold rings also surged this morning, setting a new record high. Bao Tin Minh Chau Company increased the buying price by 1.8 million VND and the selling price by 2.7 million VND compared to yesterday, quoting prices at 102.5 million VND/ounce for buying and 106.4 million VND/ounce for selling.

PNJ increased the buying price by 2 million VND and the selling price by 2.2 million VND, trading at 101.9 million VND/ounce for buying and 105.1 million VND/ounce for selling.

SJC company also increased both buying and selling prices by 2.6 million VND, listing 9999 gold rings at 102.4 million VND/ounce for buying and 105.4 million VND/ounce for selling.

Phu Quy Group also increased the buying price by 1.4 million VND and the selling price by 2 million VND, trading at 101.4 million VND/ounce for buying and 105.2 million VND/ounce for selling.

Thus, the price of 9999 gold rings this morning also set a new peak, reaching 106.4 million VND/ounce, compared to the peak set on April 3rd at 103.5 million VND/ounce.

On the global gold market, the price of gold closed in New York on the night of April 10th at $3,175.2 per ounce, an increase of $93.2 compared to the previous session. The spot gold price on the Kitco exchange at around 10:00 AM on April 11th (Vietnam time) reached $3,218 per ounce, an increase of over $40 compared to the closing price in New York. This price, after conversion, is equivalent to approximately 100.7 million VND per tael, which is about 5.3-5.7 million VND per tael lower than SJC gold bars and 9999 gold rings.

World gold prices also set an all-time high, surpassing $3,200 per ounce. This was driven not only by increased demand for gold as a safe-haven asset but also by weaker-than-expected US inflation data – reinforcing expectations that the Federal Reserve (FED) will aggressively cut interest rates to support economic growth. The latest report from the US Department of Labor showed that the consumer price index (CPI) unexpectedly fell in March: down 0.1% in March compared to February, marking the first decline since March 2020, after a 0.2% increase in February.

Gold is a non-interest-bearing asset, so the prospect of rapidly falling interest rates is favorable for gold prices. Such interest rate prospects also weaken the US dollar, further supporting a surge in gold prices. Experts believe gold remains a hedge against instability. Tariffs are becoming a major issue, and inflation is likely to rise. All of this will support gold.

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