Gold price on April 11, 2025: Breaking record, soaring to 106 million VND/tael

Illustration photo. Photo: Internet

Domestic gold prices on the morning of April 11 suddenly increased sharply, jumping nearly 3 million VND/tael compared to the previous trading session, setting a new record high of 106 million VND/tael.

At the opening of the morning trading session, the price of gold rings at Bao Tin Minh Chau was listed at 102.5 - 106.4 million VND/tael (buy - sell), recording an increase of 1,800,000 VND/tael in the buying direction and an increase of 2,700,000 VND/tael in the selling direction compared to the closing price of yesterday's session.

At DOJI Gold and Gemstone Group Joint Stock Company, plain round gold rings are traded at a price range of 101.4 - 105 million VND/tael (buy - sell). In addition, Phu Quy Gold Investment Joint Stock Company also recorded gold rings fluctuating at a price range of 102 - 105.8 million VND/tael (buy - sell).

Saigon Jewelry Company Limited (SJC) alone raised the price of SJC gold bars to VND103.4 - 106.4 million/tael (buy - sell), with an increase of VND2,800,000/tael in both directions compared to the end of the session on April 10.

Domestic market developments show that gold prices are currently at a historic peak. The gap between buying and selling prices is currently over VND3 million/tael, causing investors to face great risks if they trade short-term.

In the international market on the morning of April 11 (Vietnam time), the price of gold reached 3,219 USD/ounce - the highest in history - before slightly decreasing. With the exchange rate of Vietcombank, the world gold price is equivalent to about 100.6 million VND/tael, about 6 million VND/tael lower than the domestic price.

According to experts in the field of finance and banking, the domestic gold market currently reflects the trend of global gold prices quite closely. The world gold price today (Vietnam time) has increased by more than 3% and reached an unprecedented high, thanks to the impact of the weakening USD. Along with that, trade tensions between the US and China have increased after the decision to impose retaliatory tariffs, causing money to flow to gold as a safe haven asset.

New data released on April 10, Washington time, showed that the US consumer price index (CPI) in March unexpectedly fell compared to expectations, but inflation showed signs of rising after US President Donald Trump continued to raise tariffs on Chinese goods. Predictions that the US Federal Reserve (Fed) will lower interest rates in the second half of the year remain intact, positively supporting the upward momentum of gold.

Experts recommend that people should consider carefully before spending money to buy gold in the context of the high difference between buying and selling prices, which poses great risks to investors. In addition, when demand increases sharply while supply is limited, the risk of fraud using fake gold for profit may also appear.

Cao Thong (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-11-4-2025-pha-ky-luc-vot-len-muc-106-trieu-dong-luong/20250411095334408