Gold price increased sharply on the morning of April 14, gold bars exceeded 107 million VND/tael

On the morning of April 14, domestic gold prices increased sharply, with SJC gold bars setting a new peak, surpassing VND107 million/tael. At the opening of the first morning session of the week, Saigon Jewelry Company Limited listed the price of SJC gold bars at VND104.5 - 107 million/tael (buy - sell), an increase of VND1,500,000/tael for buying, and an increase of VND500,000/tael for selling compared to the closing price at the end of last week. This is the highest selling price of SJC gold bars in history.

Báo Hòa Bình•13/04/2025

Meanwhile, the price of plain round gold rings traded at Bao Tin Minh Chau was at 102.1 - 105.6 million VND/tael (buy - sell), an increase of 500,000 VND/tael in both buying and selling directions compared to the closing price at the end of last week.

At other gold brands such as DOJI Gold and Gemstone Group Joint Stock Company, plain round rings are traded around 101.2 - 104.8 million VND/tael (buy - sell); Phu Quy Gold Investment Joint Stock Company trades gold rings at 101.4 - 104.9 million VND/tael (buy - sell).

SJC gold bar price on April 14 hit a historic peak of VND107 million/tael. Photo: VNA.

Financial experts note that gold buyers at this time need to closely monitor the market before deciding to buy, because the current buying-selling gap is high, nearly 3 million VND/tael, pushing the risk to the gold buyer. In addition, when the demand for gold increases, the quantity sold is limited, there will be fraud and fake gold sales for profit.

On the morning of April 14 (Vietnam time), the world gold price dropped to 3,212 USD/ounce, then rebounded. At 9:00, the world gold price was trading at 3,240 USD/ounce. If converted according to Vietcombank exchange rate, each tael of world gold is currently priced at about 101.2 million VND/tael. Thus, the domestic gold bar price is still about 6 million VND/tael higher than the world gold price.

Last week, the world gold price set a new historical peak, surpassing 3,200 USD/ounce when fear of a global trade war increased after US President Donald Trump's decision to impose tariffs, causing investors to flock to gold to find a safe haven.

According to banking and financial experts, the USD is on a downward trend and the uncertainties will support gold in the coming time, however, gold cannot avoid a short-term profit-taking period.

This week, the market will focus on the policy meetings and decisions of the Central Banks. In addition, investors are also waiting for the speech of the Chairman of the US Federal Reserve (Fed) Jerome Powell at the Economic Club of Chicago to learn more about the policy direction of the US Central Bank.

According to Baotintuc.vn

Source: https://baohoabinh.com.vn/12/200145/Gia-vang-sang-144-tang-manh,-vang-mieng-vuot-107-trieu-dongluong.htm