The price of SJC gold bars and gold rings has not stopped its shocking decline.

On the evening of April 4, the price of SJC gold bars continued to be reduced by SJC, PNJ, and DOJI businesses to 98.8 million VND/tael for buying and 101.3 million VND/tael for selling - a further decrease of 600,000 VND compared to the morning.

Compared to the historical peak on April 3, each tael of SJC gold bar has decreased by about 1.5 million VND.

Similarly, the price of 99.99 gold rings and jewelry gold of all kinds was listed by SJC Company at 98.7 million VND/tael for buying and 101.2 million VND/tael for selling - down 600,000 VND compared to the morning.

Domestic gold prices have fallen continuously over the past two days following world gold prices. In the international market, gold prices today had a session of intense fluctuations.

At 4:00 p.m. on April 4, Vietnam time, the world gold price was trading at $3,087/ounce, down about $30/ounce compared to the morning session. If calculated from the all-time peak set 2 days ago, the price of this precious metal has decreased about $80/ounce (about 2.1 million VND/tael).

Gold prices continue to fall

Gold prices also retreated from the $3,100/ounce mark. According to analysts, the precious metal is facing profit-taking pressure after a series of consecutive hot increases. At the same time, information about the US announcing reciprocal tariffs on trade partners has also affected gold prices.

Associate Professor Dr. Nguyen Huu Huan, Ho Chi Minh City University of Economics, said that it is very difficult to predict whether gold prices will continue to increase rapidly like in the previous period, after increasing by about 55% in just over a year. On the contrary, if gold prices reverse and decrease, it will also be very strong due to the pressure of profit-taking from investors after "everyone made a profit" thanks to the series of rapid increases.

"The higher the gold price increases, the greater the pressure to sell for profit. If the world gold price turns down slightly, the domestic gold price will decrease sharply. Therefore, if investors buy gold to hold for the long term, they should consider it, but buying for short-term trading with the expectation of a rapid increase in price in the near future is difficult. Not to mention, when the gold price decreases, the difference in the buying and selling price of SJC gold bars and gold rings will be widened by businesses to 2-3, even 4 million VND/tael, which is even more risky for investors" - Associate Professor, Dr. Nguyen Huu Huan analyzed.

Source: https://nld.com.vn/gia-vang-mieng-sjc-va-vang-nhan-chua-ngung-da-giam-soc-196250404181451096.htm