Gold price on April 12: SJC gold bars anchored at a record high of 106.2 million VND/tael

Opening today's trading session, domestic and world gold prices continued to surge strongly.

Specifically, at 10:00 a.m. on April 12, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at VND102.7-106.2 million/tael, an increase of VND500,000 per tael for buying and VND1 million per tael for selling compared to the previous session. The difference between buying and selling was VND3.5 million.

The price of SJC 9999 gold ring is 101.4 million VND/tael for buying and 104.9 million VND/tael for selling, an increase of 300 thousand VND/tael for buying and 500 thousand VND/tael for selling compared to the previous session.

Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 102.8 million VND/tael and sold at 106.2 million VND/tael, an increase of 600 thousand VND per tael for buying and 1 million VND per tael for selling compared to the previous session.

This brand listed the price of Doji Hung Thinh Vuong 9999 gold ring, up 300 thousand VND per tael in both directions (buying and selling) compared to yesterday's closing price, buying and selling transactions were 101-104.6 million VND/tael, respectively.

PNJ Gold listed the buying price at 101 million VND/tael and the selling price at 104.7 million VND/tael, an increase of 200 thousand VND per tael for buying and 400 thousand VND per tael for selling compared to the previous session.

As of 10:00 a.m. on April 12 (Vietnam time), the world gold price increased by 60.8 USD compared to the previous session to 3,236 USD/ounce.

Gold prices hit a record high today amid escalating tariff tensions; in addition, US bond yields soared and the USD depreciated, causing many investors to flock to gold as a safe haven.

Gold has become attractive as a safe-haven asset and is on track to reach new record highs, according to Nikos Tzabouras, senior market analyst at Tradu.

Spot gold prices continued their strong rally from last year and are up nearly 21% year-to-date.

“We believe gold prices will rise further, targeting $3,400-$3,500 an ounce in the coming months,” said UBS analyst Giovanni Staunovo.

Independent metals trader Tai Wong said it would not be surprising to see a slight correction in gold in the short term. However, the trend for the precious metal remains bullish and bullish as consumer and producer price data reinforce the case for further rate cuts by the Federal Reserve, which will keep pressure on the dollar.

This morning, the USD-Index fell to 100.1 points; the yield on 10-year US Treasury bonds increased to 4.494%; world oil prices traded at 64.76 USD/barrel for Brent oil and 64.76 USD/barrel for WTI oil.

Source: https://baotuyenquang.com.vn/gia-vang-ngay-12-4-vang-mieng-sjc-neo-cao-o-muc-ky-luc-1062-trieu-dong-luong-209941.html