Gold prices at gold shops have been adjusted upwards.

Gold prices continue to reach new highs.

As of the afternoon of April 17th, major gold retailers such as SJC, DOJI , and PNJ announced the buying price of gold bars at 115.5 million VND/ounce and the selling price at 118 million VND/ounce, an increase of 3 million VND in both buying and selling prices compared to the closing price on April 16th. Compared to the closing price of 106 million VND/ounce at the end of last week, the price of gold has increased by 12 million VND/ounce since the beginning of this week.

Following the upward trend of SJC gold, the price of gold rings is also listed by SJC stores at 114 million VND/ounce for buying and 117 million VND/ounce for selling, an increase of 3.5 million VND in both buying and selling prices compared to the closing price on April 16th. At DOJI stores, the price of 9999 Hung Thinh Vuong gold rings is also listed at 114 million VND/ounce for buying and 117 million VND/ounce for selling. The difference between the buying and selling prices of these brands is currently 2.5 million VND/ounce for SJC gold and 3 million VND/ounce for gold rings.

At Thuan Thanh - Duy Mong gold shops, the price of 9999 gold is listed at 113 million VND/ounce for buying and 115 million VND/ounce for selling. Compared to the closing price on April 16th of 110 million VND/ounce for selling, the price at this shop has been adjusted upwards by 5 million VND/ounce. Rong Vang gold shop lists 9999 gold at 115 million VND/ounce for buying and 117 million VND/ounce for selling. The difference between buying and selling prices has widened to 2 million VND/ounce, whereas previously it was only about 1.2 to 1.5 million VND/ounce.

According to data from the city's Statistics Bureau, the gold price index in March 2025 increased by 5.47% compared to the previous month, by 11.89% compared to December of the previous year, and by 39.54% compared to the same period of the previous year. On average, in the first quarter of 2025, the gold price increased by 37.63% compared to the average of the same period of the previous year.

There were no unusual changes in buying and selling transactions at the stores.

Compared to April 1, 2025, the selling price of SJC gold bars has increased by 16.2 million VND/ounce; the price of gold rings has also increased by 15.3 million VND/ounce. Thus, after deducting the difference between buying and selling prices of 3 million VND/ounce, those who bought gold on April 1, 2025 have now made a profit of more than 12 million VND/ounce.

However, many experts point out that those who "buy at the peak" of gold prices at this time not only face risks related to the buy-sell spread but also from the difference between domestic and international gold prices. Currently, the difference between domestic and international gold prices is quite high. Specifically, the world gold price is trading at $3,332.8 USD/ounce, which, when converted to VND (including taxes and processing fees), is approximately 105.84 million VND/ounce. Thus, domestic gold is about 12.16 million VND/ounce higher than world gold.

The stores must regulate their buying and selling activities.

Gold prices have risen sharply, forcing many gold shops to repeatedly adjust their price lists over the past two days.

According to information from the owner of Thuan Thanh - Duy Mong gold shop on April 16th, the shop had to adjust the gold price list 9 times. The shop owner said, "Over the past two days, there has been a lot of customer inquiries about gold prices. The shop has had to constantly update gold prices on its Facebook page to provide timely information to customers."

Gold prices have risen, attracting considerable interest; however, the volume of buying and selling transactions at gold shops remains relatively stable. Observations show that buyers primarily opt for plain gold rings. To alleviate pressure on customers, many shops have diversified their product designs, offering a range of weights from 1 phân (approximately 1.75 grams) to 5 phân and 1 chỉ (approximately 18.75 grams), instead of sticking to the previous limited selection of 5 phân and 1 chỉ.

Those who bought gold around the time of the God of Wealth festival made huge profits.

According to the owner of a major brand in the area, the trend of selling off or hoarding large quantities of gold in the area has been virtually non-existent recently. Even if it did occur, it would be very difficult, especially for speculative purposes, because the amount of gold at stores is quite limited, mainly regulated through buying and selling activities. Therefore, customers who need to buy large quantities at this time will also face some difficulties if the amount of gold being sold by organizations and individuals at the store is insufficient to meet their demand.

According to this source, the unit regulates both buying and selling activities across the entire system to minimize related risks.

The recent surge in gold prices, reaching new highs, has attracted considerable attention, not just from those looking to buy or sell gold. Among them, those with significant gold debt are facing immense pressure.

Ms. Nguyen Thi Thanh Tu from Thuan Hoa district said that when she invested in building her house, she borrowed 2 taels of gold from her sister to cover labor costs. At that time, the price of gold was only 68 million VND, but now it has doubled. She's really in a dilemma. She's afraid that the longer she waits, the higher the price of gold will become, making it even harder to repay the debt. But paying it back immediately is also difficult because with her and her husband's current salaries, saving up 5 phân (a unit of weight) or 1 chỉ (a unit of weight) of gold each month to pay off the debt is truly challenging.

Rising gold prices are also putting considerable pressure on many families who were planning to purchase this precious metal for essential needs.

Hoang Anh

Source: https://huengaynay.vn/kinh-te/thong-tin-thi-truong/gia-vang-lai-lien-tuc-lap-dinh-152693.html