Gold price today (April 17): Shocking increase - Lang Son Newspaper and Radio and Television Station

Gold price today (April 17): In line with developments in the world gold market, domestic gold prices increased dramatically, with the highest increase reaching 8 million VND.

Domestic gold price today

Gold price The price of gold bars continued to increase dramatically on April 16. At the end of the trading day, gold brands bought at 113 million VND/tael and sold at 115.5 million VND/tael. Bao Tin Minh Chau gold alone is buying at 500,000 VND lower than other brands; Phu Quy SJC gold is buying at 1.5 million VND lower.

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 7.5 million VND for both buying and selling prices to 110.5 million VND/tael and 113.5 million VND/tael, respectively.

Domestic gold prices continue to increase. Photo: vnexpress.net

DOJI in Hanoi and Ho Chi Minh City markets adjusted the price of gold rings up by 7.3 million VND for buying and 7 million VND for selling to 110.5 million VND/tael and 113.5 million VND/tael.

The listed price of PNJ brand gold rings is 110.5 million VND/tael for buying and 113.6 million VND/tael for selling, an increase of 7.7 million VND for buying price and 7.6 million VND for selling price.

Bao Tin Minh Chau listed the price of round gold rings at 112 million VND/tael for buying and 115 million VND/tael for selling, an increase of 7.9 million VND for buying and 8 million VND for selling compared to early yesterday morning.

Phu Quy SJC is buying gold rings at 110.2 million VND/tael and selling at 113.2 million VND/tael, up 6.8 million VND and 6.5 million VND respectively.

Domestic gold bar prices updated at 5:30 a.m. April 17 as follows:

Yellow	Area	Early morning April 16				Early morning April 17			Difference
		Buy	Sell			Buy	Sell		Buy	Sell
		Unit: Million VND/tael							Unit: Thousand VND/tael
DOJI	Hanoi	105.5		108		113		115.5	+7500	+7500
	Ho Chi Minh City	105.5		108		113		115.5	+7500	+7500
SJC	Ho Chi Minh City	105.5		108		113		115.5	+7500	+7500
	Hanoi	105.5		108		113		115.5	+7500	+7500
	Danang	105.5		108		113		115.5	+7500	+7500
PNJ	Ho Chi Minh City	105.5		108		113		115.5	+7500	+7500
	Hanoi	105.5		108	113			115.5	+7500	+7500
Bao Tin Minh Chau	Nationwide	105.5		108	112.5			115.5	+7000	+7500
Phu Quy SJC	Nationwide	104.8		108	111			115.5	+6200	+7500

World gold price today

World gold prices increased, with spot gold prices increasing by 113.4 USD to 3,343.7 USD/ounce. Gold futures last traded at 3,346.4 USD/ounce, up 106 USD compared to early yesterday morning.

Gold prices hit a record high on Wednesday, surpassing $3,300 an ounce, supported by continued dollar weakness and safe-haven demand due to escalating U.S.-China trade tensions.

Gold remains strongly supported by the decline in the US dollar, uncertainty surrounding tariff announcements and concerns about a global economic slowdown, said FXTM senior research analyst Lukman Otunuga.

Otunuga stressed that gold’s move above $3,300 an ounce represents a psychological level for the precious metal. Bulls could target $3,400 an ounce, $3,500 an ounce and beyond. However, he warned that profit-taking or positive developments in the U.S.-China trade war could trigger a sell-off.

World gold prices increase sharply. Photo: Getty Images

On Tuesday, US President Donald Trump signed an executive order to investigate the possibility of imposing tariffs on all critical mineral imports into the US, marking a new escalation in the global trade war. On April 16, the US government said Chinese goods imported into the country would face tariffs of up to 245%, in response to Beijing's retaliatory measures after ordering domestic airlines to stop buying new Boeing planes.

Escalating trade tensions have weighed on sentiment in financial markets in general, sending investors scurrying for safe-haven assets like gold.

Meanwhile, the US dollar fell against other currencies and held at a three-year low last week, making gold more attractive to holders of other currencies.

Gold prices have risen nearly $700 this year, supported by tariffs, expectations of interest rate cuts and strong central bank buying.

“The rally has gotten a little out of hand, which puts it at risk of a correction. However, we have seen corrections that have been weak for over a year now,” said Ole Hansen, head of commodity strategy at Saxo Bank.

With the domestic gold bar price increasing sharply and the world gold price listed at Kitco at 3,343.7 USD/ounce (equivalent to about 104.8 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 10.7 million VND/tael.

Source: https://baolangson.vn/gia-vang-hom-nay-17-4-tang-soc-5044270.html