Gold price today (April 2): Selling at 102.1 million VND/tael

Domestic gold price today

At the end of April 1, the price of gold bars continued to increase in the selling direction. Currently, gold brands are buying at 99.4 million VND/tael and selling at 102.1 million VND/tael.

Meanwhile, the price of gold rings of various brands continued to increase slightly in both directions. Specifically, the price of SJC 9999 gold rings increased by 200,000 VND for buying and 300,000 VND for selling, up to 99.2 million VND/tael and 101.5 million VND/tael, respectively.

Domestic gold prices fluctuate slightly. Photo: dantri.com.vn

DOJI in Hanoi and Ho Chi Minh City markets adjusted up 400,000 VND for both buying and selling prices to 99.6 million VND/tael and 102.1 million VND/tael, respectively.

PNJ brand gold ring price is listed at 99.4 million VND/tael and 102.1 million VND/tael, down 100,000 VND for buying but up 300,000 VND for selling.

Bao Tin Minh Chau listed the price of plain round gold rings at 99.8 million VND/tael for buying and 102.3 million VND/tael for selling, an increase of 200,000 VND for buying price and 400,000 VND for selling price.

Phu Quy SJC is buying gold rings at 99.4 million VND/tael and selling at 102.1 million VND/tael, up 100,000 VND and 400,000 VND respectively.

Domestic gold bar prices updated at 5:30 a.m. April 2 as follows:

Yellow	Area	Early morning 1-4	Early morning 2-4	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	99.5	101.8	99.4	102.1	-100	+300
Ho Chi Minh City	99.5	101.8	99.4	102.1	-100	+300
SJC	Ho Chi Minh City	99.5	101.8	99.4	102.1	-100	+300
Hanoi	99.5	101.8	99.4	102.1	-100	+300
Danang	99.5	101.8	99.4	102.1	-100	+300
PNJ	Ho Chi Minh City	99.5	101.8	99.4	102.1	-100	+300
Hanoi	99.5	101.8	99.4	102.1	-100	+300
Bao Tin Minh Chau	Nationwide	99.5	101.8	99.4	102.1	-100	+300
Phu Quy SJC	Nationwide	99.2	101.8	99.4	102.1	+200	+300

World gold price today

World gold prices fell slightly, with spot gold down $10 to $3,114.5 an ounce. Gold futures last traded at $3,146.7 an ounce, down $11 from early this morning.

Under pressure to take profits, gold prices fell slightly in the early morning trading session today (Vietnam time). However, the decline of this precious metal was limited by the high demand for safe havens due to concerns surrounding US President Donald Trump's tariff policy.

It's no surprise that the market is seeing some profit-taking, especially when the precious metal is overbought... However, Grant said that doesn't change the current trend of gold. According to him, the fundamentals supporting the precious metal are still intact and the current situation is very favorable for gold, creating a "perfect storm" for gold prices to continue to rise.

Markets and consumers are awaiting details of President Trump’s tariff plans, which are expected to be announced on Wednesday. According to the Washington Post, White House advisers have drafted a plan to impose tariffs of about 20% on most US imports.

As a hedge against geopolitical and economic uncertainties, gold posted its strongest quarterly gain since 1986, rising more than $3,100 an ounce, marking one of the most significant price increases in the precious metal's history.

Spot gold prices remained above $3,100 an ounce. Photo: Getty Images

In the current environment, Goldman Sachs recently raised the probability of a US recession from 20% to 35% and expects the US Federal Reserve to cut interest rates further. This environment will be beneficial for gold, as low interest rates will reduce the opportunity cost of holding this non-interest-bearing precious metal.

Explaining the rise in gold, senior portfolio manager Ryan McIntyre of Sprott Asset Management said that the increase in gold prices was partly due to the increase in gold holdings of physically backed exchange-traded funds and strong buying activities of central banks.

According to the latest report from the US Department of Labor's Bureau of Labor Statistics, the number of jobs fell to 7.568 million in February, falling short of economists' expectations. Investors are also waiting for the non-farm payrolls report due on Friday for signs on the Fed's interest rate cut path.

With the domestic gold bar price fluctuating slightly and the world gold price listed at Kitco at 3,114.5 USD/ounce (equivalent to about 97 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between the domestic and world gold prices is about 5.1 million VND/tael.

TRAN HO HOAI

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