Domestic gold ring prices fluctuated little this morning.

Early this morning, SJC Company listed the price of gold rings of type 1-5 at only 114-117 million VND/tael (buy - sell), unchanged from yesterday's closing price.

Doji Gold and Gemstone Group early this morning traded the price of 9999 gold rings at 114.5-118 million VND/tael (buy - sell), unchanged in the buying direction and 500 thousand VND more expensive per tael in the selling direction compared to the end of yesterday's session.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 114,000,000 0 117,000,000 0
Doji 114,500,000 0 118,000,000 + 500,000

            SJC and Doji gold ring price list updated on the morning of April 18

Opening the trading session on April 18 , the price of SJC 9999 gold increased by 1.5 million VND/tael for buying and 2 million VND/tael more expensive for selling compared to the closing price of yesterday's trading session, up to 117-120 million VND/tael (buying - selling).

The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 8:40 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:42 a.m. as follows:

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 117,000,000 + 1,500,000 120,000,000 + 2,000,000
Doji Hanoi 117,000,000 + 1,500,000 120,000,000 + 2,000,000
Doji HCMC 117,000,000 + 1,500,000 120,000,000 + 2,000,000

                      SJC and Doji gold bar price list updated on the morning of April 18

The central exchange rate on April 18 announced by the State Bank was 24,898 VND/USD, up 5 VND compared to the previous trading session. The USD price at commercial banks this morning (April 18) was commonly listed at 25,670 VND/USD (buy) and 26,060 VND/USD (sell).

At 8:40 a.m. today (April 18, Vietnam time) , the world spot gold price was at 3,327 USD/ounce, up 2 USD/ounce compared to last night. The price of gold futures for June 2025 on the Comex New York floor was at 3,341 USD/ounce.

On the morning of April 18, the world gold price converted to USD bank price was over 105.5 million VND/tael, including tax and fees, about 14.5 million VND/tael lower than the domestic gold price.

At the end of the session on April 17, the price of gold bars at SJC closed at 115.5-118 million VND/tael (buy - sell), an increase of 2.5 million VND/tael in both directions compared to the closing price of the previous trading session.

The price of SJC 1-5 chi gold rings is listed at 114-117 million VND/tael (buy - sell), an increase of 3.5 million VND/tael in both directions compared to the closing price of the previous session.

The price of 9999 gold rings at Doji closed the session at 114.5-117.5 million VND/tael, an increase of 4 million VND/tael in both buying and selling prices compared to the previous session's close.

The world gold price today on Kitco floor at 8:00 p.m. (April 17, Vietnam time) was trading at 3,325 USD/ounce, down 0.48% compared to the beginning of the session. Meanwhile, the gold futures price for June 2025 delivery on the Comex floor in New York was trading at 3,337 USD/ounce.

Gold prices edged down in early US trading after hitting a record high of $3,371.90 an ounce on the June Comex futures contract. Risk aversion remained high, continuing to boost safe-haven demand for gold.

The market is currently buzzing about the speech of US Federal Reserve Chairman Jerome Powell before the Economic Club of Chicago on April 16.

If higher tariffs continue to raise consumer prices and weaken economic activity, the Fed will be forced to choose between two goals: controlling inflation and supporting the labor market, Mr. Powell said.

He is concerned about stagflation, which is stubborn inflation combined with slowing economic growth. The Fed will consider the gap between actual inflation and its 2% target, the degree of weakness in the labor market, and the time it will take for both to improve, and then decide on an appropriate interest rate adjustment.

Mr. Powell stressed that the Fed is in no rush to cut interest rates and acknowledged that the economic outlook remains volatile due to unpredictable trade policy decisions.

w vang tphcm nguyen hue 4 85369.jpeg
People in Ho Chi Minh City rushed to buy gold when the price was at its peak. Photo: Nguyen Hue

The stock market sold off after Powell's remarks. President Trump tweeted that Powell's comments were a total mess and that Powell should be fired.

The US Dollar Index (DXY), which measures the greenback's performance against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 99.54 points.

Nymex crude oil futures edged up slightly, trading around $63.25 a barrel. The yield on the 10-year U.S. Treasury note is currently at 4.31%.

Housing starts fell 11.4% in March to a seasonally adjusted annual rate of 1.324 million units, the Commerce Department said. Economists had forecast a decline of 5.3%, or 1.42 million units.

In a widely anticipated move, the European Central Bank (ECB) once again cut its main interest rate by 25 basis points. The deposit facility rate, main refinancing operations rate and marginal lending rate will be cut to 2.25%, 2.4% and 2.65%, respectively.

Gold Price Forecast

Gold prices surged above $3,200 an ounce as geopolitical tensions, economic uncertainty and U.S. trade policy drove demand for safe-haven assets, according to David Erfle, founder of JuniorMinerJunky. “Gold is starting to go parabolic,” Erfle said.

“China may be accelerating its de-dollarization plan. After the new tariffs, China appears to be selling US Treasuries to buy more gold. They used to be the biggest buyer of Treasuries. Now they are the biggest seller.

“Also, gold mining companies and small gold stocks are becoming attractive. Gold stocks are finally becoming as attractive as gold,” Erfle shared.

Looking ahead, he remains cautious but strategic. “I have a 30% allocation to physical metals, 20% to cash and 50% to gold stocks. So far, it’s going well.”

The current rally in gold prices has become a bit out of control, putting the precious metal at risk of a correction, according to Ole Hansen, head of commodity strategy at Saxo Bank. He analyzed that over the past year, corrections have been shallow because potential buyers have always waited at lower prices.

Source: https://vietnamnet.vn/gia-vang-hom-nay-18-4-2025-dot-ngot-giam-manh-nha-dau-tu-chot-loi-2392400.html