Gold prices drop sharply, has the gold 'wave' 'retreated'?

Domestic gold price developments

Gold price today, April 16, Saigon Jewelry Company Limited - SJC listed SJC gold price at 97.1 - 100.1 million VND/tael for buying and selling.

Today's SJC gold bar price decreased by 3.1 million VND/tael for buying and 2.7 million VND/tael for selling compared to the peak set on April 3, 2025. The difference between buying and selling prices is currently at 3 million VND/tael.

Experts predict that gold prices will continue to fall sharply. Photo: Ngoc Duong

At the same time, Bao Tin Minh Chau is also listing the price of SJC gold at 97.2 - 100.1 million VND/tael for buying and selling.

Similarly, today's gold ring price was also adjusted down sharply by establishments compared to the peak set on April 3. Bao Tin Minh Chau listed the gold ring price at 97.5 - 100.5 million VND/tael for buying and selling.

Saigon Jewelry Company Limited - SJC listed the price of gold rings at 97 - 100 million VND/tael for buying and selling.

Gold Price Forecast

On the international market, at 4:00 p.m. on April 6, the spot gold price was recorded at 3,035.92 USD/ounce, a slight increase of 0.6% compared to the previous day. However, for the whole week, the world gold price decreased by about 50 USD/ounce, ending a streak of 5 consecutive weeks of increase.

According to experts, the reason for the sharp drop in gold prices is that gold has experienced a hot price increase in the past. This comes from investors expecting that President Donald Trump's tax move will increase inflation and pose many potential trade risks in the world. Therefore, investors rushed to buy gold to store, causing gold prices to increase sharply.

However, recently, Mr. Trump officially announced the new tax rate. The tax rate is no longer a factor to support the gold price, so the gold price started to decrease.

From the current context, experts predict that world gold prices may continue to fall to 2,800 - 2,900 USD/ounce.

Gold prices are forecast to continue to fall sharply. Experts recommend not buying gold for investment at the present time because the risk of loss is very high.

Gold prices are in a downward adjustment trend. If you buy gold for investment at this time, the gold price will decrease and investors will immediately suffer losses. Not to mention, the difference between the buying and selling prices of gold is high. If you buy for short-term investment, investors will not make a profit.

At 4:00 p.m. on April 6, the spot gold price was recorded at 3,035.92 USD/ounce, a slight increase of 0.6% compared to the previous day. However, for the whole week, the world gold price decreased by about 50 USD/ounce, ending a streak of 5 consecutive weeks of increase.

Hoang Giang

Source: https://congthuong.vn/gia-vang-giam-manh-lieu-con-song-vang-da-rut-lui-381809.html