Gold price today (April 18): Domestic gold continues to rise...

Domestic gold price today

Gold bar prices continued to increase sharply. At the end of April 17, gold brands bought at VND115.5 million/tael and sold at VND118 million/tael. Phu Quy SJC gold was sold at VND1 million 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 3.5 million VND for both buying and selling prices to 114 million VND/tael and 117 million VND/tael, respectively.

Domestic gold prices continue to increase. Photo: dantri.com.vn

DOJI in Hanoi and Ho Chi Minh City markets adjusted the price of gold rings up by 4 million VND in both directions to 114.5 million VND/tael and 117.5 million VND/tael, respectively.

The listed price of PNJ brand gold rings is 114 million VND/tael for buying and 117 million VND/tael for selling, an increase of 3.5 million VND for buying price and 3.4 million VND for selling price.

Bao Tin Minh Chau listed the price of plain round gold rings at 115 million VND/tael for buying and 118 million VND/tael for selling, an increase of 3 million VND for both buying and selling compared to early this morning.

Phu Quy SJC is buying gold rings at 113.5 million VND/tael and selling at 116.5 million VND/tael, an increase of 3.3 million VND in both directions.

Domestic gold bar prices updated at 5:30 a.m. April 18 as follows:

Yellow	Area	Early morning April 17	Early morning April 18	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	113	115.5	115.5	118	+2500	+2500
Ho Chi Minh City	113	115.5	115.5	118	+2500	+2500
SJC	Ho Chi Minh City	113	115.5	115.5	118	+2500	+2500
Hanoi	113	115.5	115.5	118	+2500	+2500
Danang	113	115.5	115.5	118	+2500	+2500
PNJ	Ho Chi Minh City	113	115.5	115.5	118	+2500	+2500
Hanoi	113	115.5	115.5	118	+2500	+2500
Bao Tin Minh Chau	Nationwide	112.5	115.5	115.5	118	+3000	+2500
Phu Quy SJC	Nationwide	111	114	114.5	117	+3500	+3000

World gold price today

World gold prices fell, with spot gold down $14.7 to $3,329 an ounce. Gold futures last traded at $3,328.4 an ounce, down $18 from early this morning.

There was profit-taking on Thursday after gold hit a record high on concerns about U.S. President Donald Trump’s latest wave of tariffs, but losses were limited by a weaker dollar and trade tensions.

According to independent analyst Ross Norman, the reversal in gold's direction was partly due to profit-taking in the market.

Independent metals trader Tai Wong said gold prices could see some short-term downside given this week’s spectacular gains and the run-up to the holiday weekend. The risk for gold now is that a trade deal could be announced later in the week, most likely with Japan. However, gold’s trajectory remains higher as uncertainty and deep concerns continue to plague asset markets, Wong said.

World gold prices turn down. Photo: Getty Images

Gold prices rose 3.6% on Wednesday after US President Donald Trump ordered a review of the possibility of imposing new tariffs on all critical minerals imported into the US.

Meanwhile, Mr Trump hailed “big progress” in tariff talks with Japan, one of the first face-to-face talks since his series of tariffs on global imports rattled markets and raised fears of an economic slowdown.

Regarding interest rates, at an event this week, US Federal Reserve Chairman Jerome Powell said the US Central Bank will wait for more data before making a decision on interest rates, while warning that President Trump's tariff policy risks pushing inflation further away from the central bank's target.

Norman said the decline in traditional gold buyers joining the rally signals an end rather than a beginning. However, he added that in the current environment, a correction to the downside is unlikely right now, despite the fact that the precious metal is technically overbought and overextended.

“We remain bullish on gold. However, a short-term correction is possible as tactical players take profits or may experience margin calls due to another round of equity liquidation,” said consultancy Metals Focus.

With the domestic gold bar price increasing sharply and the world gold price listed at Kitco at 3,329 USD/ounce (equivalent to about 104.6 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 13.4 million VND/tael.

TRAN HO HOAI

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