At the end of the trading session on April 23, domestic gold prices fell sharply following the trend of world gold prices, with many brands falling by 3 to 4 million VND/tael.
The price of SJC gold bars was listed by Saigon Jewelry Company Limited and DOJI Group at 116.5-119.5 million VND/tael (buy - sell), a decrease of 5.5 million VND/tael for buying and 4.5 million VND/tael for selling, compared to yesterday.
At the same time, the price of SJC gold bars was listed by Bao Tin Minh Chau at 116.5-119.5 million VND/tael (buy - sell), a decrease of 4 million VND/tael for buying and 3 million VND/tael for selling, compared to the closing price of yesterday's trading session.
SJC gold price at Phu Quy is traded by businesses at 116.5-119.5 million VND/tael (buying - selling), down 3.5 million VND/tael in both buying and selling directions compared to yesterday.
Compared to the peak of 122-124 million VND/tael (buy - sell) at the end of yesterday's trading session, the price of SJC gold bars decreased by 5.5 million VND per tael for buying and 4.5 million VND per tael for selling.
Thus, if buying at the peak price yesterday and selling early this afternoon, investors would have lost 7.5 million VND per tael.
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| Gold price forecast for tomorrow April 24, 2025. Photo PC |
The price of gold rings was also adjusted down deeply by gold and gemstone companies. The price of gold rings at SJC was listed at 112.5 - 115.5 million VND/tael, down 3.5 VND/tael in both buying and selling prices compared to the same morning.
DOJI listed gold rings at 113.2 - 115.8 million VND/tael (buy - sell), down 3 million VND/tael for buying and down 2.3 million VND/tael for selling compared to early morning of April 23.
| 1. DOJI - Updated: April 23, 2025 14:39 - Time of the source website - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 116,500 ▼5500K | 119,500 ▼4500K |
| AVPL/SJC HCM | 116,500 ▼5500K | 119,500 ▼4500K |
| AVPL/SJC DN | 116,500 ▼5500K | 119,500 ▼4500K |
| Raw material 9999 - HN | 11,230 ▼470K | 11,440 ▼370K |
| Raw material 999 - HN | 11,220 ▼470K | 11,430 ▼370K |
| 2. PNJ - Updated: 01/01/1970 08:00 - Website time of supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 112,700 ▼4300K | 115,900 ▼4100K |
| HCMC - SJC | 116,500 ▼5500K | 119,500 ▼4500K |
| Hanoi - PNJ | 112,700 ▼4300K | 115,900 ▼4100K |
| Hanoi - SJC | 116,500 ▼5500K | 119,500 ▼4500K |
| Da Nang - PNJ | 112,700 ▼4300K | 115,900 ▼4100K |
| Da Nang - SJC | 116,500 ▼5500K | 119,500 ▼4500K |
| Western Region - PNJ | 112,700 ▼4300K | 115,900 ▼4100K |
| Western Region - SJC | 116,500 ▼5500K | 119,500 ▼4500K |
| Jewelry gold price - PNJ | 112,700 ▼4300K | 115,900 ▼4100K |
| Jewelry gold price - SJC | 116,500 ▼5500K | 119,500 ▼4500K |
| Jewelry gold price - Southeast | PNJ | 112,700 ▼4300K |
| Jewelry gold price - SJC | 116,500 ▼5500K | 119,500 ▼4500K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 112,700 ▼4300K |
| Jewelry gold price - Kim Bao Gold 999.9 | 112,700 ▼4300K | 115,900 ▼4100K |
| Jewelry gold price - Phuc Loc Tai Gold 999.9 | 112,700 ▼4300K | 115,900 ▼4100K |
| Jewelry gold price - Jewelry gold 999.9 | 112,700 ▼4300K | 115,200 ▼4300K |
| Jewelry gold price - Jewelry gold 999 | 112,590 ▼4290K | 115,090 ▼4290K |
| Jewelry gold price - Jewelry gold 9920 | 111,880 ▼4260K | 114,380 ▼4260K |
| Jewelry gold price - Jewelry gold 99 | 111,650 ▼4260K | 114,150 ▼4260K |
| Jewelry gold price - 750 gold (18K) | 79,050 ▼3230K | 86,550 ▼3230K |
| Jewelry gold price - 585 gold (14K) | 60,040 ▼2520K | 67,540 ▼2520K |
| Jewelry gold price - 416 gold (10K) | 40,570 ▼1790K | 48,070 ▼1790K |
| Jewelry gold price - 916 gold (22K) | 103,120 ▼3940K | 105,620 ▼3940K |
| Jewelry gold price - 610 gold (14.6K) | 62,920 ▼2630K | 70,420 ▼2630K |
| Jewelry gold price - 650 gold (15.6K) | 67,530 ▼2800K | 75,030 ▼2800K |
| Jewelry gold price - 680 gold (16.3K) | 70,990 ▼2920K | 78,490 ▼2920K |
| Jewelry gold price - 375 gold (9K) | 35,850 ▼1610K | 43,350 ▼1610K |
| Jewelry gold price - 333 gold (8K) | 30,670 ▼1420K | 38,170 ▼1420K |
| 3. AJC - Updated: 23/04/2025 00:00 - Source website time - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| Jewelry 99.99 | 11,070 ▼450K | 11,590 ▼450K |
| 99.9 Jewelry | 11,060 ▼450K | 11,580 ▼450K |
| NL 99.99 | 11,070 ▼450K | |
| Round ring not sealed in blister T.Binh | 11,070 ▼450K | |
| Round, 3A, Yellow T.Bình | 11,300 ▼450K | 11,600 ▼450K |
| Round, 3A, Yellow N.An | 11,300 ▼450K | 11,600 ▼450K |
| Round N., 3A, Yellow Street, Hanoi | 11,300 ▼450K | 11,600 ▼450K |
| SJC Thai Binh pieces | 11,650 ▼550K | 11,950 ▼450K |
| SJC Nghe An pieces | 11,650 ▼550K | 11,950 ▼450K |
| SJC Hanoi Piece | 11,650 ▼550K | 11,950 ▼450K |
The world gold price dropped sharply by nearly 200 USD/ounce, down to around 3,300 USD/ounce. The main reason was the optimistic sentiment of investors shifting from gold to stocks, along with the recovery of the USD after US Treasury Secretary Scott Bessent hinted that US-China trade tensions could cool down.
Hints of US-China talks and Trump’s withdrawal of threats to fire Powell “have sent gold prices into a sell-off, with the metal looking oversold in the short term,” said Kelvin Wong, senior market analyst for Asia Pacific at OANDA.
US stocks and the dollar recovered after Mr Trump on Tuesday announced he was withdrawing his intention to fire Mr Powell, after days of criticising the Fed Chairman for not lowering interest rates.
A stronger US dollar makes gold more expensive for foreign buyers.
Gold prices are likely to surpass $4,000 an ounce by 2026 as fears of a recession grow, according to a new report from JP Morgan. The bank forecasts that gold prices will average $3,675 an ounce in the fourth quarter of 2025 and continue to rise above $4,000 an ounce by the second quarter of 2026. If demand for gold increases more than expected, this price could be reached even sooner.
One of the key factors driving the sharp rise in gold prices is that demand for gold from investors and central banks remains high, averaging about 710 tonnes per quarter this year, JP Morgan said.
Gold prices are under profit-taking pressure as the US stock market recovers strongly, said Kitco expert Jim Wyckoff. This is the reason why gold prices have fallen after a strong increase in the previous period.
Mr. Wyckoff said that the recent large fluctuations in gold prices may be a sign that the current growth cycle is approaching a peak. However, this peak may be short-term in terms of time, not necessarily in terms of price.
| Gold - seen as a hedge against global uncertainty and inflation - hit a record high for the 28th time this year, surpassing $3,500 for the first time on Tuesday. |
Source: https://congthuong.vn/du-bao-gia-vang-ngay-mai-24042025-tiep-tuc-ha-nhiet-384412.html
![[Photo] Prime Minister Pham Minh Chinh chairs a meeting on the implementation of the Lao Cai-Hanoi-Hai Phong railway project.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/20/0fa4c9864f63456ebc0eb504c09c7e26)
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