Gold price today (April 16): Gold rings increase sharply - Lang Son Newspaper and Radio and Television Station

Gold price today (April 16): In line with developments in the world gold market, domestic gold prices continue to increase, in which ring gold prices increase strongly in both directions.

Gold bar prices continue to increase. Currently, gold brands are buying at 105.5 million VND/tael and selling at 108 million VND/tael. Phu Quy SJC gold is buying at 700,000 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 increased by 1 million VND for both buying and selling, to 103 million VND/tael and 106 million VND/tael, respectively.

Domestic gold prices continue to increase. Photo: vietnamnet.vn

DOJI in Hanoi and Ho Chi Minh City markets adjusted the price of gold rings up by 1.2 million VND for buying and 1.5 million VND for selling to 103.2 million VND/tael and 106.5 million VND/tael.

The listed price of PNJ brand gold rings is 102.8 million VND/tael for buying and 106 million VND/tael for selling, an increase of 800,000 VND for buying and 900,000 VND for selling.

Bao Tin Minh Chau listed the price of plain round gold rings at 104.1 million VND/tael for buying and 107 million VND/tael for selling, an increase of 1.5 million VND for buying and 800,000 VND for selling compared to early yesterday morning.

Phu Quy SJC is buying gold rings at 103.4 million VND/tael and selling at 106.7 million VND/tael, an increase of 1.1 million VND in both directions.

Domestic gold bar prices updated at 5:30 a.m. April 16 as follows:

Yellow	Area	Early morning April 15				Early morning April 16			Difference
		Buy	Sell			Buy	Sell		Buy	Sell
		Unit of measure: Million VND/tael							Unit of measure: Thousand dong/tael
DOJI	Hanoi	105		107.5		105.5		108	+500	+500
	Ho Chi Minh City	105		107.5		105.5		108	+500	+500
SJC	Ho Chi Minh City	105		107.5		105.5		108	+500	+500
	Hanoi	105		107.5		105.5		108	+500	+500
	Danang	105		107.5		105.5		108	+500	+500
PNJ	Ho Chi Minh City	105		107.5		105.5		108	+500	+500
	Hanoi	105		107.5	105.5			108	+500	+500
Bao Tin Minh Chau	Nationwide	105		107.5	105.5			108	+500	+500
Phu Quy SJC	Nationwide	104		107.5	104.8			108	+800	+500

World gold price today

World gold prices increased, with spot gold prices increasing by 19.3 USD to 3,230.3 USD/ounce. Gold futures last traded at 3,240.4 USD/ounce, up 14.4 USD compared to early yesterday morning.

Concerns about escalating trade tensions and slowing global economic growth due to US President Donald Trump's tax plans have investors flocking to gold as a safe haven.

UBS analyst Giovanni Staunovo said the current environment is still favorable for gold prices to rise. However, Staunovo said the path to new highs for the precious metal will not be smooth. In the short term, gold may face some obstacles.

Traders are waiting for the next big fundamental development to boost the gold market, but safe-haven demand remains for now, according to Kitco Metals senior analyst Jim Wyckoff.

The Trump administration is launching investigations into pharmaceutical and semiconductor imports in preparation for imposing tariffs on the two sectors, according to a notice in the Federal Register on April 14. Last Sunday, President Trump said he would announce tariffs on imported semiconductors next week.

World gold prices increase. Photo: Getty Images

As a hedge against global uncertainty, gold has maintained its upward trajectory since last year, rising more than 23% year-to-date and hitting several record highs.

Commerzbank explained the increase in gold prices partly due to the continued weakness of the US dollar. The falling US Dollar Index shows that the attractiveness of this safe haven currency is decreasing and gold can become an alternative for many USD investors.

In addition, Commerzbank also said that the short-term monetary policy outlook is providing additional support for gold.

The US economy is in “a big pause” due to uncertainties around tariffs and other policies, said Raphael Bostic, president of the Federal Reserve Bank of Atlanta, and the central bank should maintain a wait-and-see approach until there is more clarity.

Financial markets expect the US central bank to cut interest rates again in June and forecast a cut of 100 basis points this year.

Investors are now awaiting comments from Fed Chairman Jerome Powell this Wednesday for more information on the path of interest rates.

With the domestic gold bar price increasing sharply and the world gold price listed at Kitco at 3,230.3 USD/ounce (equivalent to about 101.3 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 6.7 million VND/tael.

Source: https://baolangson.vn/gia-vang-hom-nay-16-4-vang-nhan-tang-manh-5044181.html