Each tael of gold increased by nearly 2 million VND

Domestic gold prices rose by nearly 2 million dong, reaching close to 102 million dong per tael.

On the afternoon of April 9th, Saigon Jewelry Company (SJC) raised... gold price The price of the piece rose to 99.7 - 101.9 million VND, 2 million VND higher on the buying side and 1.7 million VND higher on the selling side compared to the end of yesterday.

Other brands also increased the price of gold bars accordingly. The difference between the buying and selling price is around 2.2 million VND per tael.

At the same time, SJC listed the trading price of plain gold rings at 99.5 - 101.7 million VND, an increase of 1.9 million VND for the buying price and 1.6 million VND for the selling price.

Phu Nhuan Jewelry Company (PNJ) also raised the price of plain gold rings to 99.2 - 101.5 million VND. At Bao Tin Minh Chau, plain gold rings are priced at 99.9 - 102 million VND per tael (approximately 37.5 grams).

On the international market, the precious metal rose by more than $50 per ounce in the past half-day, reaching $3,049 per ounce. Converted using the Vietcombank selling exchange rate, the world gold price is equivalent to 96.2 million VND per tael. The price difference between domestic and international markets widened to 5.7 million VND per tael.

In their latest report, Goldman Sachs analysts also stated that they are maintaining their year-end gold price forecast at $3,300 per ounce. This largely reflects the increased risk associated with investors' long and short positions.

According to Goldman Sachs, precious metals are being supported by structural demand from central banks in emerging markets. This is coupled with increased capital inflows into ETFs due to concerns about an economic recession and the possibility of a Federal Reserve interest rate cut.

Plain gold rings for sale at SJC headquarters in District 3, March 2025. Photo: Quynh Tran

According to Goldman Sachs, the recent correction presents an opportunity for investors to open long positions. Gold remains the most prominent asset in the bank's forecast portfolio, as macroeconomic risk factors combined with the fact that investors have not yet injected significant capital create the groundwork for further price increases.

Domestic, USD price Banks continued to rise after surpassing the 26,000 VND mark yesterday. Vietcombank raised its USD buying and selling rates to 25,792 - 26,182 VND, an increase of over 40 VND compared to yesterday. BIDV listed the exchange rate at 25,822 - 26,182 VND per USD. Some foreign exchange bureaus in the free market this afternoon were buying and selling USD around 26,120 - 26,230 VND.

Source: https://baoquangninh.vn/moi-luong-vang-tang-gan-2-trieu-dong-3352448.html