Illustration photo. Photo: Internet

On the morning of April 14, domestic gold prices increased sharply, especially SJC gold bars set an unprecedented high of over 107 million VND/tael.

As soon as the first trading session of the week opened, Saigon Jewelry Company Limited listed SJC gold bars at VND104.5 - 107 million/tael (buy - sell), an increase of VND1,500,000/tael for buying and an additional VND500,000/tael for selling compared to the closing session of the previous week. This is considered the highest selling price ever for SJC gold bars.

In another development, the round plain gold ring traded by Bao Tin Minh Chau is at 102.1 - 105.6 million VND/tael (buy - sell), an increase of 500,000 VND/tael in both directions compared to the session last weekend.

At other major gold brands such as DOJI, the price of plain round rings is currently fluctuating around 101.2 - 104.8 million VND/tael (buy - sell); while Phu Quy Gold Investment Joint Stock Company listed the price of plain round rings at 101.4 - 104.9 million VND/tael (buy - sell).

Some experts in the financial sector warn that gold buyers should now carefully monitor the market, because the difference between buying and selling prices is at a high level, about 3 million VND/tael, posing many potential risks for buyers. In addition, when demand increases but supply is limited, the market is prone to fraudulent activities such as scams and selling fake gold for profit.

In the world market on the morning of April 14 (Vietnam time), the price of gold fell to 3,212 USD/Ounce at one point, then reversed and increased sharply again. At 9:00 a.m., world gold was being traded at 3,240 USD/Ounce; converted according to the exchange rate at Vietcombank, each tael of world gold is equivalent to about 101.2 million VND/tael. Thus, the domestic gold bar price is still about 6 million VND/tael higher than the world price.

In the previous trading week, world gold reached a new peak when it surpassed the 3,200 USD/Ounce mark, amid growing concerns about a global trade war following US President Donald Trump's tariff move, causing investment capital to flow strongly into gold as a safe asset.

According to analysis from experts in the field of finance and banking, the USD is on a downward trend and current geopolitical risks will continue to support gold prices, however, in the short term, the market may still experience profit-taking adjustments.

Global financial markets will be watching monetary policy meetings and decisions from central banks this week. Meanwhile, investors are also waiting for a speech from US Federal Reserve Chairman Jerome Powell at the Economic Club of Chicago for more information on the Fed's upcoming policy direction.

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-14-4-tang-dung-dung-vang-mieng-lap-ky-luc-moi-vuot-107-trieu-dong-luong/20250414092604324