Gold price today April 17, 2025: Skyrocketing, heading towards 120 million VND per tael

On the morning of April 17, the world gold price continued to increase to 3,340 USD/ounce, 15 USD higher than the end of yesterday. Converted equivalently, the world gold price is about 104.8 million VND (excluding taxes and fees). Domestically, the price of gold bars at Saigon Jewelry Company - SJC increased by 2.5 million VND, bringing the buying price to 115.5 million VND, and the selling price to 118 million VND. This is the all-time highest price of gold in Vietnam.

Meanwhile, SJC Company increased the trading price of gold rings by 2 million VND/tael. Specifically, SJC bought 4-number 9 gold rings for 112.5 million VND and sold them for 115.5 million VND. Currently, each tael of SJC gold bar is 13.2 million VND higher than the world price, while gold rings of the same brand are 10.7 million VND higher. Doji Group also increased the buying price of gold rings to 112.7 million VND and sold them for 115.9 million VND, an increase of 2.2 million compared to the end of yesterday...

Gold bar price on the morning of April 17 remained stable at 115.5 million VND/tael.

PHOTO: NGOC THANG

The world gold price at one point in the session of April 16 (US time) reached an all-time high of 3,352 USD/ounce. Many analysts believe that the reason is due to the weakening USD and the escalating US-China trade tensions, which have pushed investors to turn to safe-haven assets such as gold.

On April 15, US President Donald Trump ordered an investigation into the possibility of imposing tariffs on all types of important minerals imported into the US. On the same day, the White House released a fact sheet listing the tariff actions on imported goods from partners from April 2. Accordingly, Chinese goods face a 245% tariff when imported into the US. This tariff includes a 125% reciprocal tariff, a 20% fentanyl crisis response tariff, and specific commodity tariffs under Section 301, ranging from 7.5 - 100%.

But not all Chinese products are subject to the 245% tariff, according to The New York Times, with only a few products such as syringes and needles being subject to this tariff. This item was first taxed during President Donald Trump's first term.

In September 2024, President Biden increased it to 100%. Add a 20% tax on fentanyl and a 125% reciprocal tax, and the total tax rate on Chinese syringes and needles will be 245%... However, this marks an escalation between the world's two largest economies./.

According to Thanh Nien

Source: https://thanhnien.vn/gia-vang-hom-nay-1742025-tang-vun-vut-huong-den-120-trieu-dong-mot-luong-185250417080519371.htm

Source: https://baolongan.vn/gia-vang-hom-nay-17-4-2025-tang-vun-vut-huong-den-120-trieu-dong-mot-luong-a193636.html