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Gold price today April 24, 2025: Domestic and world gold prices continuously dropped sharply to nearly 110 million

Gold price today April 24, 2025: Domestic and world gold prices have continuously decreased sharply due to investors continuously taking profits. Domestic gold price fell to nearly 110 million VND/tael, world gold price fell below 3300 USD

Báo Nghệ AnBáo Nghệ An24/04/2025

Domestic gold price today April 24, 2025

At the time of survey at 4:30 a.m. on April 24, 2025, the domestic gold price dropped sharply to below 120 million, and it is forecasted that today's gold price will continue to drop to close to the 100 million mark. Specifically, the gold price early this morning:

The price of SJC gold bars listed by DOJI Group is at 116.5-119.5 million VND/tael (buy - sell), a sharp decrease of 5.5 million VND/tael in buying - 4.5 million VND/tael in selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 116.5-119.5 million VND/tael (buy - sell), a sharp decrease of 5.5 million VND/tael in buying - 4.5 million VND/tael in selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 116.5-119.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 5 million VND/tael for both buying and selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 116.5-119.5 million VND/tael (buying - selling, down 4 million VND/tael in buying direction - down 3 million VND/tael in selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 116.5-119.5 million VND/tael (buy - sell), gold price decreased 3.5 million VND/tael in both buying and selling directions compared to yesterday.

Gold price today April 24: Gold continues to drop to nearly 110 million

As of 4:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 112.5-115.3 million VND/tael (buy - sell); the gold price decreased by 4.7 million VND/tael in the buying direction - decreased by 3.7 million VND in the selling direction compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115-118 million VND/tael (buy - sell); down 4 million VND/tael in both buying and selling compared to yesterday.

The latest gold price list today, April 24, 2025 is as follows:

Gold price today
April 24, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
116.5 119.5
-5500 -4500
DOJI Group
116.5
119.5
-5500
-4500
Red Eyelashes
116.5 119.5
-5000 -5000
PNJ
116.5
119.5
-5500 -4500
Vietinbank Gold
119.5

-4500
Bao Tin Minh Chau
116.5
119.5
-4000 -3000
Phu Quy 116.5 119.5
-3500 -3500
1. DOJI - Updated: April 24, 2025 04:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type
Buy Sell
AVPL/SJC HN 116,500 ▼5500K 119,500 ▼4500K
AVPL/SJC HCM 116,500 ▼5500K 119,500 ▼4500K
AVPL/SJC DN 116,500 ▼5500K 119,500 ▼4500K
Raw material 9999 - HN 112,300 ▼4700K 114,400 ▼3700K
Raw material 999 - HN 112,200 ▼4700K 114,300 ▼3700K
2. PNJ - Updated: April 24, 2025 04:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
HCMC - PNJ 112,700 ▼4300K 115,900 ▼4100K
HCMC - SJC 116,500 ▼5500K 119,500 ▼4500K
Hanoi - PNJ 112,700 ▼4300K 115,900 ▼4100K
Hanoi - SJC 116,500 ▼5500K 119,500 ▼4500K
Da Nang - PNJ 112,700 ▼4300K 115,900 ▼4100K
Da Nang - SJC 116,500 ▼5500K 119,500 ▼4500K
Western Region - PNJ 112,700 ▼4300K 115,900 ▼4100K
Western Region - SJC 116,500 ▼5500K 119,500 ▼4500K
Jewelry gold price - PNJ 112,700 ▼4300K 115,900 ▼4100K
Jewelry gold price - SJC 116,500 ▼5500K 119,500 ▼4500K
Jewelry gold price - Southeast PNJ 112,700 ▼4300K
Jewelry gold price - SJC 116,500 ▼5500K 119,500 ▼4500K
Jewelry gold price - Jewelry gold price PNJ 999.9 Plain Ring 112,700 ▼4300K
Jewelry gold price - Kim Bao Gold 999.9 112,700 ▼4300K 115,900 ▼4100K
Jewelry gold price - Phuc Loc Tai Gold 999.9 112,700 ▼4300K 115,900 ▼4100K
Jewelry gold price - Jewelry gold 999.9 112,700 ▼4300K 115,200 ▼4300K
Jewelry gold price - Jewelry gold 999 112,590 ▼4290K 115,090 ▼4290K
Jewelry gold price - Jewelry gold 9920 111,880 ▼4260K 114,380 ▼4260K
Jewelry gold price - Jewelry gold 99 111,650 ▼4260K 114,150 ▼4260K
Jewelry gold price - 750 gold (18K) 79,050 ▼3230K 86,550 ▼3230K
Jewelry gold price - 585 gold (14K) 60,040 ▼2520K 67,540 ▼2520K
Jewelry gold price - 416 gold (10K) 40,570 ▼1790K 48,070 ▼1790K
Jewelry gold price - 916 gold (22K) 103,120 ▼3940K 105,620 ▼3940K
Jewelry gold price - 610 gold (14.6K) 62,920 ▼2630K 70,420 ▼2630K
Jewelry gold price - 650 gold (15.6K) 67,530 ▼2800K 75,030 ▼2800K
Jewelry gold price - 680 gold (16.3K) 70,990 ▼2920K 78,490 ▼2920K
Jewelry gold price - 375 gold (9K) 35,850 ▼1610K 43,350 ▼1610K
Jewelry gold price - 333 gold (8K) 30,670 ▼1420K 38,170 ▼1420K
3. SJC - Updated: April 24, 2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 116,500 ▼5500K 119,500 ▼4500K
SJC gold 5 chi 116,500 ▼5500K 119,500 ▼4500K
SJC gold 0.5 chi, 1 chi, 2 chi 116,500 ▼5500K 119,500 ▼4500K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 112,500 ▼3500K 115,500 ▼3500K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 112,500 ▼3500K 115,600 ▼3500K
Jewelry 99.99% 112,500 ▼3500K 114,900 ▼3500K
Jewelry 99% 108,762 ▼3465K 113,762 ▼3465K
Jewelry 68% 72,289 ▼2380K 78,289 ▼2380K
Jewelry 41.7% 42,068 ▼1459K 48,068 ▼1459K

World gold price today April 24, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 am today, Vietnam time, was at 3,275.15 USD/ounce. Today's gold price decreased by 156.48 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,141 VND/USD), the world gold price is about 104.22 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 15.28 million VND/tael higher than the international gold price.

The world gold price fell sharply by 4.56% after hitting an all-time high of 3,500.05 USD/ounce, as investors continued to take profits. The reason was that US President Donald Trump lowered his tone, declaring that he had no plans to fire Fed Chairman Jerome Powell, and at the same time said that there was progress in tariff negotiations with China. The US gold futures price also fell by 2.9% to 3,320.4 USD.

The market is gradually reacting more positively after the tariff shock, according to Phillip Streible, market strategist at Blue Line Futures. Investors tend to withdraw money from gold and return to investment categories such as stocks, securities, and commodity exchanges.

In addition, the world gold price fell sharply after the latest data showed that the US housing market improved beyond expectations in March. The US housing market is one of the important factors driving economic activity. Recently, this sector has encountered many difficulties due to the Fed's strongest interest rate hike in 40 years, pushing up house prices to expensive levels, making it impossible for many people to buy.

About 724,000 new homes were sold in March (on a seasonally adjusted annual basis), far exceeding analysts’ expectations of 680,000. New home sales rose 7.4% in March, much higher than the 0.2% increase expected. That was a marked improvement from the 1.8% increase in February.

According to the latest report from S&P Global, the preliminary PMI (measurement of service activity) fell to 51.4 points from 54.4 points in March, lower than the forecast of 52.8 points by analysts. This is the lowest level in the past two months, showing that service activity is slowing.

The manufacturing sector showed some improvement as the preliminary PMI rose slightly to 50.7, marking a two-month high. The composite index, which covers the entire economy, came in at a 16-month low of 51.2.

Normally, such a low PMI would cause investors to rush to buy gold. However, the reality is different as the market is witnessing a strong sell-off after gold prices hit a historic peak of $3,500/ounce the day before.

Technically, the drop in gold prices after hitting a peak of $3,500 suggests a deeper correction in the short term, according to Saxo Bank expert Ole Hansen. However, the current support level around $3,292 (0.382 Fibonacci retracement level) suggests that this is just a minor pullback in a strong uptrend.

Meanwhile, silver rose 1% to $32.83 an ounce, platinum rose 0.9% to $967.61 and palladium also edged up 0.6% to $941.04.

Gold Price Forecast

Chris Williamson, chief economist at S&P Global Market Intelligence, said the April PMI data showed the US economy slowing significantly as it entered the second quarter. This situation should have supported gold prices, but in reality, the market was focused on profit-taking after the recent strong price increase.

Sharing the same view, FXTM expert Lukman Otunuga predicts that gold may enter a correction and fall back to the $3,250 or even $3,140 price zone. However, if the price holds the $3,300/ounce mark, the opportunity to recover to the $3,400 and higher zone is still very feasible.

Gold prices are currently under profit-taking pressure, especially with the strong recovery in the US stock market, said Kitco expert Jim Wyckoff. According to him, the recent price volatility could be a sign that the strong gold bull cycle is approaching its peak, at least in the short term.

There is no clear sign that the gold rally has ended, so it is entirely possible that gold will recover in the near future, said Wong.

Technically, the June gold futures bulls still have the upper hand but are weakening. Their next target is to push the price above the strong resistance at the high of $3,509.90. Meanwhile, the bears are aiming to push the price below the support level of $3,200. The nearest resistance levels are at $3,350 and $3,396, while support is at $3,302.60 and $3,300.

Despite the decline in gold prices, analysts say there is still room for long-term upside, especially if risk factors such as inflation and economic uncertainty continue to rise. JP Morgan predicts gold prices could surpass $4,000 an ounce by 2026.

Specifically, JP Morgan believes that the average gold price in the fourth quarter of 2025 will reach about $3,675/ounce. Then, in the second quarter of 2026, gold could surpass the $4,000/ounce threshold if actual demand continues to increase more strongly than expected.

According to JP Morgan experts, the main factor supporting this trend is the steady flow of money from investors and central banks, with average purchases reaching about 710 tons per quarter in 2025. However, the bank also warned that if central banks suddenly cut demand for gold, this could be the biggest risk that the rally will be interrupted.

In addition, if the US economy remains stable despite tariff policies, the US Federal Reserve (Fed) may take more drastic actions to prevent inflation. At that time, expectations of interest rate hikes will return sooner than expected, creating downward pressure on gold prices.

Source: https://baonghean.vn/gia-vang-hom-nay-24-4-2025-gia-vang-trong-nuoc-va-the-gioi-giam-manh-lien-tiep-xuong-sat-110-trieu-10295787.html


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