Gold price on April 18: Increased to an unprecedented high, 120 million VND/tael

(Photo: THANH DAT)

In the domestic market, this morning, the price of SJC gold bars continued to increase by 2 million VND/tael as soon as the trading session opened, reaching 120 million VND/tael, the highest ever.

Specifically, at 9:30 a.m. on April 18, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 117-120 million VND/tael, an increase of 2 million VND/tael compared to the previous session. The difference between buying and selling is 3 million VND/tael.

SJC 9999 gold ring price is 114 million VND/tael for buying and 117 million VND/tael for selling.

DOJI gold bar price in Hanoi and Ho Chi Minh City is bought at 117 million VND/tael and sold at 120 million VND/tael, an increase of 2 million VND/tael compared to the previous session.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 114.5-118 million VND/tael.

PNJ Gold is currently buying at 114 million VND/tael and selling at 117 million VND/tael, unchanged from the previous session.

As of 9:30 a.m. on April 18 (Vietnam time), the world gold price decreased by 14.6 USD compared to the previous session to 3,327 USD/ounce.

The world gold price reversed this morning's decline as many investors sold to take profits after a strong price increase since the beginning of 2025, with an increase of nearly 700 USD/ounce. However, the decline in gold prices was restrained by capital flows shifting from the stock market to precious metals.

Gold prices have increased by $360 (13%) in just one week, said senior market analyst David Morrison at Trade Nation.

“Therefore, the price correction is not too surprising. Buyers should be cautious with the current high price,” he recommended.

This morning, the USD-Index fell to 99.39 points; the yield on 10-year US Treasury bonds was at 4.329%; US stocks fluctuated due to lingering concerns about tariffs; world oil prices continued to increase by more than 3%, trading at 67.85 USD/barrel for Brent oil and 64.68 USD/barrel for WTI oil.

Source: https://baothainguyen.vn/kinh-te/202504/gia-vang-ngay-184-tang-len-muc-cao-chua-tung-thay-120-trieu-dongluong-f570da1/