| Domestic gold price decreased by another 400 thousand, 999.9 gold ring sold for 76.98 million VND/tael. SJC gold price today decreased by another 250 thousand, the market sold for 83.70 million VND/tael. |
Domestic gold price
At noon on April 19, the price of SJC gold reversed and increased slightly by about 250 thousand VND/tael. Currently, the price of SJC gold at Phu Nhuan Jewelry Joint Stock Company is trading around 81.80 - 83.80 million VND/tael, an increase of 100 thousand VND/tael for buying and 100 thousand VND/tael for selling compared to yesterday.
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| Gold price traded at Phu Nhuan Jewelry Joint Stock Company |
The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 82.00 - 83.80 million VND/tael, an increase of 250 thousand VND/tael for buying and 150 thousand VND/tael for selling compared to yesterday.
At Phu Quy Group, the price of SJC gold bars is currently trading around 81.80 - 83.80 million VND/tael for buying and selling, an increase of 100,000 VND/tael for buying and an increase of 100,000 VND/tael for selling compared to yesterday.
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The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 82.00 - 83.80 million VND/tael, an increase of 250 thousand VND/tael for buying and 150 thousand VND/tael for selling compared to the previous session.
Along with the price of SJC gold, the price of 999.9 gold rings today reversed and increased according to each enterprise. Specifically, the price of 999.9 gold rings (24k), the price of Thang Long gold dragon gold bars, and plain round rings at Bao Tin Minh Chau Company traded at 75.53 - 77.23 million VND/tael for buying - selling, an increase of 500 thousand VND/tael for buying and an increase of 500 thousand VND/tael for selling compared to yesterday.
Thang Long 999.9 (24k) gold jewelry is trading around 74.65 - 76.85 million VND/tael, an increase of 500 thousand VND/tael for buying and 500 thousand VND/tael for selling compared to yesterday.
Similarly, Thang Long Gold Dragon blister rings and Kim Gia Bao blister rings of Bao Tin Manh Hai Company are trading around 75.53 - 77.23 million VND/tael for buying and selling, an increase of 600 thousand VND/tael for buying and an increase of 600 thousand VND/tael for selling compared to yesterday.
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| Gold price traded at Bao Tin Manh Hai |
The price of 999.9 gold is around 74.75 - 76.85 million VND/tael, an increase of 600 thousand VND/tael for buying and 600 thousand VND/tael for selling compared to yesterday's session. The price of 99.9 gold is currently around 74.65 - 76.75 million VND/tael, an increase of 600 thousand VND/tael for buying and 600 thousand VND/tael for selling compared to yesterday's session.
At Phu Quy Group, Phu Quy 999.9 round rings and Phu Quy 999.9 God of Wealth rings are trading around 75.60 - 77.30 million VND/tael, an increase of 600 thousand VND/tael for buying and an increase of 600 thousand VND/tael for selling compared to yesterday.
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| Gold price traded at Phu Quy Group |
24K 999.9 gold is trading around 74.50 - 76.50 million VND/tael, up 100 thousand VND/tael for buying and 100 thousand VND/tael for selling compared to yesterday.
World gold price
The world gold price this morning (April 19) increased sharply and set a new peak of 1,416 USD/ounce, a sharp increase of 36 USD/ounce compared to the previous session (+1.1 million VND/tael). But by noon it had dropped sharply to 2,385 USD/ounce.
The world gold price is equivalent to nearly 73 million VND/tael if converted according to Vietcombank exchange rate, excluding taxes and fees. The difference between domestic and world gold prices is about 11 million VND/tael.
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| World gold price chart this afternoon |
Gold prices continued to hold high amid concerns over rising geopolitical tensions between Iran and Israel, boosting buying demand.
Strong U.S. economic data and comments from Federal Reserve officials have prompted investors to rethink the possibility of the Fed cutting interest rates soon. Higher interest rates tend to push gold lower.
In a speech in the middle of this week, Fed Chairman Powell emphasized that more evidence is needed to show that inflation is on track to fall to 2% before deciding to pivot monetary policy.
Investors are betting that the first rate cut could come in September. Some are even betting that there will be no rate cuts this year. The market is currently betting that the Fed has a 68% chance of cutting rates in September.
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