Gold price today (April 1): Gold breaks record 19 times...

Domestic gold price today

Entering the new trading week, the domestic gold bar price increased sharply. Currently, gold brands are buying at 99.5 million VND/tael and selling at 101.8 million VND/tael. Particularly, Phu Quy SJC gold is buying at 300,000 VND lower than other brands.

Similarly, the price of gold rings of various brands was also adjusted to increase sharply. Specifically, the price of SJC 9999 gold rings was adjusted to increase by 800,000 VND in both directions, up to 99 million VND/tael for buying and 101.2 million VND/tael for selling, respectively.

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

DOJI in Hanoi and Ho Chi Minh City markets adjusted the buying price up by VND800,000 and the selling price up by VND1 million, to VND99.2 million/tael and VND101.7 million/tael, respectively.

PNJ brand gold ring price is listed at 99.5 million VND/tael and 101.8 million VND/tael, an increase of 1.1 million VND for both buying and selling prices.

Bao Tin Minh Chau listed the price of plain round gold rings at 99.6 million VND/tael for buying and 101.9 million VND/tael for selling, an increase of 700,000 VND for buying and 1 million VND for selling.

Phu Quy SJC is buying gold rings at 99.3 million VND/tael and selling at 101.7 million VND/tael, up 600,000 VND and 1 million VND respectively.

Domestic gold bar prices updated at 5:30 a.m. April 1 as follows:

Yellow	Area	Early morning 31-3	Early morning 1-4	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	98.4	100.2	99.5	101.8	+1100	+1100
Ho Chi Minh City	98.4	100.2	99.5	101.8	+1100	+1100
SJC	Ho Chi Minh City	98.4	100.2	99.5	101.8	+1100	+1100
Hanoi	98.4	100.2	99.5	101.8	+1100	+1100
Danang	98.4	100.2	99.5	101.8	+1100	+1100
PNJ	Ho Chi Minh City	98.4	100.2	99.5	101.8	+1100	+1100
Hanoi	98.4	100.2	99.5	101.8	+1100	+1100
Bao Tin Minh Chau	Nationwide	98.5	100.2	99.5	101.8	+1100	+1100
Phu Quy SJC	Nationwide	98.4	100.2	99.2	101.8	+800	+1100

World gold price today

World gold prices increased, with spot gold prices increasing by 38.8 USD to 3,124.5 USD/ounce. Gold futures last traded at 3,157.7 USD/ounce, up 36 USD compared to early this morning.

Gold prices surged to a record above $3,100 an ounce, marking one of the strongest gains in the history of the precious metal. The rally was driven by a number of factors, including increased safe-haven demand due to concerns about the fallout from upcoming U.S. tariffs, strong demand from central banks, expectations of a dovish Federal Reserve, geopolitical uncertainty in the Middle East and Europe, and increased inflows into gold-backed exchange-traded funds.

Bullion posted its biggest quarterly gain since September 1986 and has hit 19 all-time highs by 2025, including seven unprecedented levels above $3,000 an ounce. Prices are up 18% this year after soaring 27% in 2024.

“The gold rally has been driven by rising geopolitical tensions, inflation concerns and strong investor demand. Given the current macroeconomic backdrop – especially trade war uncertainty and central bank policy – this trend looks sustainable in the short term,” said Alexander Zumpfe, precious metals trader at Heraeus Metals Germany.

Spot gold prices exceeded $3,100/ounce. Photo: Getty Images

Last year, gold recorded its best annual growth since 2010, as market participants rushed to safe-haven assets, due to concerns about rising geopolitical uncertainty from conflicts and to protect against economic uncertainty amid Trump's inauguration and proposed tariffs.

Another major factor contributing to the rally is the Fed's easing policy, after the US Central Bank cut interest rates by 50 basis points in September 2024. Fed officials are expected to make two more rate cuts by the end of this year.

Banks reducing their exposure to the greenback is not the main driver of central banks’ interest in gold, according to analysts at Capital Economics. The firm’s experts believe that the main driver of central banks’ interest in gold is the perceived safe-haven status of the precious metal. This demand could support gold prices above $3,300 an ounce by the end of 2025.

In addition, investor demand for gold is increasing strongly, as shown by increased inflows into exchange-traded funds, with the largest weekly inflow since March 2022, signaling a wave of rush into this precious metal.

While North American funds have seen inflows, the overall trend shows growing demand from European investors looking for safe-haven assets, said Alexander Zumpfe, precious metals trader at Heraeus Metals Germany.

With the domestic gold bar price increasing sharply and the world gold price listed at Kitco at 3,124.5 USD/ounce (equivalent to about 97 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 4.8 million VND/tael.

TRAN HO HOAI

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