Update gold price today April 28, 2025 latest in domestic market

At the time of survey at 3:30 p.m. on April 28, 2025, domestic gold prices recorded a sharp downward trend. Specifically:

The price of SJC gold bars is listed at 117.5-119.5 million VND/tael (buy - sell), down 1.5 million VND/tael in both directions compared to yesterday.

The price of SJC gold bars at DOJI Group also decreased similarly, listed at 117.5-119.5 million VND/tael (buy - sell), down 1.5 million VND/tael.

At Mi Hong, SJC gold price decreased slightly, listed at 118.0-119.2 million VND/tael, down 500 thousand VND/tael for buying and 1.8 million VND/tael for selling.

Gold price at PNJ dropped sharply, listed at 112.5-115.5 million VND/tael, down 2 million VND/tael in both directions.

The selling price of SJC gold bars at Vietinbank Gold is only listed at 119.5 million VND/tael, down 1.5 million VND/tael.

SJC gold price at Bao Tin Minh Chau is listed at 117.5-119.5 million VND/tael (buy - sell), down 1.5 million VND/tael in both directions.

SJC gold price in Phu Quy also decreased sharply, listed at 117.0-119.5 million VND/tael, down 1.5 million VND/tael in both directions.

With a clear downward trend, the gold market is experiencing notable fluctuations, creating opportunities for investors to consider appropriate strategies. Keep a close watch so as not to miss the opportunity from this fluctuation.

As of 3:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 112.5 - 115.0 million VND/tael (buy - sell); down 1.5 million VND/tael in both buying and selling directions compared to early this morning. The difference between buying and selling prices is at 2.5 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 116.0 - 119.0 million VND/tael (buy - sell); down 1 million VND/tael in both buying and selling directions compared to early this morning. The difference between buying and selling prices is at 3 million VND/tael.

Gold price list today April 28, 2025 new in the country details:

Update gold price today 4/28/2025 latest in the world

At the time of trading at 3:30 p.m. on April 28, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,284.31 USD/ounce. Converted according to the USD exchange rate on the free market (26,200 VND/USD), the world gold price is equivalent to about 103.91 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (117.5-119.5 million VND/tael), the SJC gold price is currently about 15.59 million higher than the international gold price.

Gold prices in the world market fell on April 28 as trade tensions between the US and China showed signs of easing, making investors more daring with risky assets instead of choosing gold as a safe haven. The stronger US dollar also contributed to pushing gold prices lower. Specifically, the spot price of gold fell 0.8% to $3,292.11/ounce, after reaching a record $3,500.05 on April 22.

The dollar rose 0.1% against a basket of major currencies, making gold more expensive for foreign investors. Financial markets are more optimistic about the tariff outlook than they were in early April, according to Tim Waterer, market analyst at KCM Trade. Recent comments from the White House have raised hopes of a U.S.-China trade deal, dampening demand for gold.

US President Donald Trump said the two countries are negotiating tariffs. Last week, the Trump administration expressed its willingness to de-escalate the trade war between the world's two largest economies. Meanwhile, China has exempted some US goods from import tariffs but denied that negotiations were taking place. As of Sunday, US Treasury Secretary Scott Bessent did not confirm Trump's statement.

Gold is considered a hedge against economic or political uncertainty and often benefits from low interest rates. However, many at the IMF and World Bank Spring Meetings said that US tariff policies remain contradictory, causing difficulties for trading partners.

This week, the market will pay attention to some important data such as the US employment report (April 29), the personal consumption expenditure index (April 30) and the non-farm report (May 2). This information can affect the monetary policy of the US Federal Reserve (Fed). Besides gold, spot silver fell 0.9% to $ 32.80 / ounce, while platinum remained at $ 971.29. Palladium also fell 0.7% to $ 942.15.

News, gold price trends today April 29, 2025 domestic and world gold prices

Gold price forecast for today, April 29, 2025 shows that although gold prices have just dropped sharply, since the beginning of the year, gold prices have increased by more than 25% and 41% in the past 12 months. This makes gold still a safe choice for long-term investors. However, in the short term, many experts predict that gold prices will have an adjustment. According to a survey by Wall Street, 54% of experts believe that prices will decrease, while 46% predict that prices will increase. The survey of 316 individual investors also showed caution, with only 48% expecting prices to increase, 29% thinking that prices will decrease, and 23% thinking that prices will remain stable.

Adrian Day, chairman of Adrian Day Asset Management, said that the possibility of further concessions from the US and China in the tariff war, along with concerns about an economic recession, will put pressure on gold prices in the short term. He said that gold prices may fall, but the factors that supported gold over the past year are still in place, except for slowing demand, so this decline may not last long and not be too deep.

Kevin Grady, president of Phoenix Futures and Options, said gold has risen too fast. The price of gold has risen $500 in a short period of time without a corresponding increase in volume or open interest, indicating that many weak speculators have entered the market. This makes gold prices very volatile and vulnerable to a sharp decline. He said the current important support level is $3,000/ounce and prices may fluctuate around this level until there is concrete progress in trade negotiations.

On the contrary, Kelvin Wong, an expert at OANDA, remains optimistic about gold's upward momentum and believes that the next resistance levels are $3,670-3,750/ounce and further $3,890/ounce. Lukman Otunuga from FXTM also commented that the current profit-taking pressure does not change the supporting factors for gold. Upcoming data from the US, including GDP, inflation and employment, will strongly affect expectations about the Fed's interest rate cut roadmap, thereby affecting gold prices.

If gold falls below $3,250 an ounce, the downtrend could extend to $3,170 an ounce. Conversely, if it holds above $3,250 an ounce, the opportunity for a recovery to $3,390-$3,500 an ounce opens up. According to a Kitco News survey, most Wall Street experts are pessimistic about gold prices, with 54% predicting a drop and 46% predicting a rise.

Jesse Colombo, an independent gold analyst, said the decline last week was a healthy development. He believes that gold prices could consolidate throughout the summer and maintain support around $3,000 an ounce. Colombo said that gold prices are in the early stages of a bull cycle and that the current pullback is a normal phenomenon that occurs regularly even in the strongest bull markets. Kelvin Wong also does not believe that the gold rally is over and said that if there is no breakthrough in the US-China trade talks and the US imposes more tariffs, the possibility of instability and stagflation risks in the US will increase, weakening the USD and boosting the value of gold.