Gold price today April 1st set a new peak, exceeding 102 million VND/tael

Gold price today April 1 increased rapidly, highest in history.

Opening the morning session, the price of gold rings traded at Bao Tin Minh Chau was at 99.9 - 102.2 million VND/tael (buy - sell), an increase of 300,000 VND/tael in both buying and selling directions compared to the closing price yesterday.

Meanwhile, at DOJI Gold and Gemstone Group Joint Stock Company, plain round rings are traded at around VND99.8 - 102.1 million/tael (buy - sell). At Phu Quy Gold Investment Joint Stock Company, gold rings are traded at VND99.7 - 102.1 million/tael (buy - sell).

At Saigon Jewelry Company Limited, SJC listed the price of SJC gold bars at 99.8 - 102.1 million VND/tael (buy - sell), an increase of 300,000 VND/tael in both buying and selling compared to the closing price yesterday.

Currently, the difference between buying and selling prices of domestic gold is quite high, over 2 million VND/tael, pushing the risk of short-term losses to gold buyers.

Domestic gold prices today increased sharply after the world gold price set a new record of over 3,100 USD/ounce. On the morning of April 1 (Vietnam time), the world gold price was trading at 3,138 USD/ounce. If converted according to Vietcombank exchange rate, each tael of world gold costs about 97.4 million VND/tael. Thus, the domestic gold price is still nearly 5 million VND/tael higher than the world gold price.

According to banking and finance experts, domestic gold prices are closely following the movements of world gold prices. Gold prices have skyrocketed to a record high of over $3,100/ounce, marking one of the strongest increases in the history of this precious metal.

Gold's rise was driven by many factors, including increased demand for safe havens due to concerns about the consequences of US President Donald Trump's upcoming tariff policies, strong demand from central banks, geopolitical instability in the Middle East and Europe...

In addition, investors also expect the US Federal Reserve (Fed) to loosen interest rates later this year, positively supporting the price of precious metal gold.

Financial experts note that domestic gold buyers at this time need to closely monitor the market before deciding to buy, because the current buying-selling gap is high, pushing risks to the gold buyer. In addition, when the demand for gold increases and the quantity sold is limited, there will be fraud and fake gold sales for profit.

Source: https://baothainguyen.vn/kinh-te/thi-truong/202504/gia-vang-hom-nay-14-lap-dinh-moi-vuot-102-trieu-dongluong-1590ed3/