Today, SJC gold prices continued their upward trend, reaching 84 million VND/ounce, while 999.9 gold rings saw a slight decrease.

Today, SJC gold prices continued to fall by 250,000 VND, with the selling price at 83.70 million VND/ounce. Gold prices reversed course and surged by 600,000 VND, with 999.9 gold rings exceeding 77 million VND/ounce.

Gold price domestic

Around noon on April 20th, SJC gold prices reversed course and increased slightly by approximately 200,000 VND/ounce, depending on the business. Currently, SJC gold prices at Phu Nhuan Jewelry Joint Stock Company are trading around 81.80 - 83.80 million VND/ounce, an increase of 50,000 VND/ounce for both buying and selling prices compared to yesterday.

Giá vàng SJC hôm nay tiếp đà tăng, chạm mốc 84 triệu đồng/lượng, vàng nhẫn 999.9 giảm nhẹ

Gold transaction price at Phu Nhuan Jewelry Joint Stock Company

The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 82.05 - 83.95 million VND/ounce, an increase of 50,000 VND/ounce for the buying price and 150,000 VND/ounce for the selling price compared to yesterday.

At Phu Quy Group, the price of SJC gold bars is currently trading around 82.00 - 84.00 million VND/ounce for buying and selling, an increase of 200,000 VND/ounce for both buying and selling compared to yesterday.

The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 82.05 - 84.00 million VND/ounce, an increase of 50,000 VND/ounce for the buying price and 150,000 VND/ounce for the selling price compared to the previous session.

In contrast to the SJC gold price, the price of 999.9 gold rings reversed direction and decreased slightly today, varying among businesses. Specifically, the price of 999.9 (24k) gold rings, Thang Long gold bars, and plain gold rings at Bao Tin Minh Chau Company traded at 75.36 - 77.06 million VND/ounce for buying and selling, a decrease of 170,000 VND/ounce in both buying and selling prices compared to yesterday.

999.9 (24k) Thang Long gold jewelry is trading around 74.50 - 76.70 million VND/ounce, down 150,000 VND/ounce for both buying and selling prices compared to yesterday.

Similarly, gold rings from Thang Long Gold Dragon and Kim Gia Bao, manufactured by Bao Tin Manh Hai Company, are trading around 75.46 - 77.16 million VND/ounce (buy-sell), a decrease of 70,000 VND/ounce in both buying and selling prices compared to yesterday.

Gold prices traded at Bao Tin Manh Hai

The price of 999.9 gold is around 74.70 - 76.80 million VND/ounce, down 50,000 VND/ounce for both buying and selling prices compared to yesterday. The price of 99.9 gold is currently fluctuating around 74.60 - 76.70 million VND/ounce, down 50,000 VND/ounce for both buying and selling prices compared to yesterday.

At Phu Quy Group, Phu Quy 999.9 gold rings and Phu Quy 999.9 gold God of Wealth rings are trading around 75.40 - 77.10 million VND/ounce, down 200,000 VND/ounce for both buying and selling prices compared to yesterday.

Gold prices traded at Phu Quy Group

24K 999.9 gold is currently trading around 74.40 - 76.40 million VND/ounce, down 100,000 VND/ounce for both buying and selling prices compared to yesterday.

World gold prices

According to data from TradingView, as of noon on April 20, 2024 (Vietnam time), the world gold price was at $2,391 per ounce. Converted using the Vietcombank exchange rate (excluding taxes and fees), this price is equivalent to VND 73.4 million per tael, a difference of over VND 10 million per tael between domestic and world gold prices.

World gold price chart this afternoon

Global gold prices continued their upward trend due to concerns about escalating tensions in the Middle East. Despite the resistance of a strong US dollar and rising US Treasury yields driven by expectations of interest rate changes, gold continued to appreciate, recording its fifth consecutive weekly gain. Some experts believe that strong safe-haven demand driven by concerns about instability has overshadowed the pressures of interest rate expectations on gold.

According to David Meger, Director of Metals Trading at High Ridge Futures, developments in the Middle East have a significant impact on gold price volatility. If the situation calms down, gold will either fall back or consolidate as safe-haven buying exhausts. Nevertheless, in the long term, the upward trend for gold will continue.

However, some other analysts believe that gold prices could be highly volatile next week. This is because the US will release economic growth data and the Personal Consumption Expenditures (PCE) index, which could affect market expectations regarding a potential interest rate cut by the Federal Reserve (FED).

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