Conquering new records

Gold price today (April 12): World gold prices continue to increase and "break" the record achieved not long ago. Along with the trend, domestic gold prices also increased sharply.

Domestic gold price today

Gold bar prices continue to increase sharply. Currently, gold brands are buying at 102.2 million VND/tael and selling at 105.2 million VND/tael. Phu Quy SJC gold is buying at 200,000 VND lower than other brands.

Similarly, the price of gold rings of various brands also increased sharply. Specifically, the price of SJC 9999 gold rings was adjusted up by VND1.3 million for buying and VND1.6 million for selling, up to VND99.8 million/tael and VND104.4 million/tael, respectively.

Domestic gold prices increase "skyrocketingly". Photo: vietnamnet.vn

DOJI in Hanoi and Ho Chi Minh City markets listed the price of gold rings at 100.7 million VND/tael and 104.3 million VND/tael, an increase of 500,000 VND for buying and 1.1 million VND for selling.

The listed price of PNJ brand gold rings is 100.8 million VND/tael and 104.3 million VND/tael, an increase of 900,000 VND in buying price and 1.4 million VND in selling price.

Bao Tin Minh Chau listed the price of plain round gold rings at 100.9 million VND/tael for buying and 104.5 million VND/tael for selling, an increase of 200,000 VND for buying price and 800,000 VND for selling price.

Phu Quy SJC is buying gold rings at 100.7 million VND/tael and selling at 104.3 million VND/tael, an increase of 700,000 VND in buying price and 1.1 million VND in selling price.

Domestic gold bar prices updated at 5:30 a.m. April 12 as follows:

Yellow	Area	Early morning 11-4	Early morning 12-4	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	100.6	103.6	102.2	105.2	+1600	+1600
Ho Chi Minh City	100.6	103.6	102.2	105.2	+1600	+1600
SJC	Ho Chi Minh City	100.6	103.6	102.2	105.2	+1600	+1600
Hanoi	100.6	103.6	102.2	105.2	+1600	+1600
Danang	100.6	103.6	102.2	105.2	+1600	+1600
PNJ	Ho Chi Minh City	100.6	103.6	102.2	105.2	+1600	+1600
Hanoi	100.6	103.6	102.2	105.2	+1600	+1600
Bao Tin Minh Chau	Nationwide	100.6	103.6	102.2	105.2	+1600	+1600
Phu Quy SJC	Nationwide	100	103.6	102	105.2	+2000	+1600

World gold price today

World gold prices continued to rise sharply, with spot gold prices increasing by 60.5 USD to 3,238 USD/ounce. Gold futures last traded at 3,254.9 USD/ounce, up 7.4 USD compared to early this morning.

Gold continued its rally on Friday, surpassing $3,200 an ounce for the first time in history, boosted by a weaker dollar and safe-haven demand as escalating U.S.-China trade tensions stoked recession fears.

“Recession risks are rising, bond yields are soaring and the US dollar continues to weaken – all these factors reinforce gold’s role as a crisis hedge and inflation hedge,” said Alexander Zumpfe, precious metals trader at Heraeus Metals Germany.

Gold continues to play its role as a preferred safe-haven asset in a world turned upside down by the trade war, according to WisdomTree commodity strategist Nitesh Shah.

Beijing announced on Friday it would raise tariffs on US imports to 125% in response to US President Donald Trump’s decision to raise duties on Chinese goods to 145%, raising the stakes in a trade war that threatens to upend global supply chains.

World gold price exceeds 3,200 USD/ounce. Photo: Getty Images

A combination of central bank buying, expectations of a Fed rate cut, geopolitical uncertainty and inflows into gold-backed exchange-traded funds have also supported gold’s rally this year. Spot gold prices have continued their strong rally from last year, hitting multiple record highs and rising nearly 21% year-to-date.

“We believe gold prices will rise further – in a bullish scenario, we target $3,400-3,500/ounce in the coming months,” said UBS analyst Giovanni Staunovo.

US producer prices unexpectedly fell 0.4% in March, but import tariffs are expected to push inflation higher in the coming months. Traders are now betting that the Fed will cut rates again in June and see a cut of about 90 basis points by the end of 2025.

“It wouldn’t be surprising if gold corrects slightly in the short term,” said Tai Wong, an independent metals trader. “But the trend for the precious metal remains up and up for the long term as consumer and manufacturing data reinforce the case for further Fed rate cuts, which will keep the dollar under pressure.”

With the domestic gold bar price increasing sharply and the world gold price listed at Kitco at 3,238 USD/ounce (equivalent to about 101.2 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 4 million VND/tael.

TRAN HO HOAI

* Please visit the Economics section to see related news and articles .