On the morning of April 22, Saigon Jewelry Company (SJC) listed the price of gold bars at 119 - 121 million VND/tael, increasing by 3 million VND in both buying and selling prices. The difference between buying and selling prices remained at 2 million VND.
Phu Nhuan Jewelry Joint Stock Company (PNJ) also lists gold bar prices like SJC.
Although the price of gold bars increased, SJC still kept the price of gold rings the same as yesterday, maintaining the price of 113 - 116 million VND/tael. The difference between buying and selling is 3 million VND.
Bao Tin Minh Chau and PNJ also maintained the price of gold rings compared to yesterday, at 114.5 - 118 million VND/tael. However, the buying and selling margin of these two brands is higher, at 3.5 million VND/tael.
Domestic gold prices increased immediately after world gold prices set a new peak. At the end of the trading session on April 21, the world spot gold price increased by 96 USD to 3,423 USD/ounce. In the morning session on April 22, the market continued to rise, reaching a new record high of 3,448 USD/ounce, converted at Vietcombank exchange rate of 108.4 million VND/tael.
The gap between domestic and world gold prices is more than VND12 million. Gold prices increased due to the weakening of the USD and increased demand for safe havens as US-China trade tensions escalated.
The US dollar fell to a three-year low against a basket of major currencies. A weaker dollar makes gold more attractive to buyers using other currencies.
The dollar has lost value as investor confidence in the US economy has declined after President Donald Trump repeatedly criticized Federal Reserve Chairman Jerome Powell. On the social network Truth Social, Mr. Trump called Mr. Powell a "big loser" and warned that the US economy would slow down if interest rates were not cut "immediately."
TB (summary)Source: https://baohaiduong.vn/gia-vang-mieng-sjc-tiep-tuc-tang-len-muc-121-trieu-dong-moi-luong-409964.html
![[Photo] General Secretary attends the parade to celebrate the 80th anniversary of the victory over fascism in Kazakhstan](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/7/dff91c3c47f74a2da459e316831988ad)
![[Photo] Prime Minister Pham Minh Chinh receives delegation from the US-China Economic and Security Review Commission of the US Congress](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/7/ff6eff0ccbbd4b1796724cb05110feb0)
![[Photo] Sparkling lanterns to celebrate Vesak 2025](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/7/a6c8ff3bef964a2f90c6fab80ae197c3)
Comment (0)