Gold price on April 2: Gold bars and gold rings anchor at record levels, exceeding 102 million VND/tael

The world gold price today (April 2) is anchored at a new record high, trading at 3,126 USD/ounce as concerns about tariffs, inflation and geopolitical risks are increasing, causing investors to increase their gold reserves. Domestically, the price of SJC gold bars and gold rings is also anchored at a new peak, respectively 102.1 million VND and 101.5 million VND/tael; DOJI gold rings are sold at the same price as gold bars.

Báo Tuyên Quang•02/04/2025

(Photo: THANH DAT)

In the domestic market, gold prices have slowed down this morning after consecutive days of increase. Currently, SJC gold bars and DOJI gold rings are trading at 102.1 million VND/tael for sale.

Specifically, at 10:30 a.m. on April 2, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 99.4-102.1 million VND/tael, unchanged from the previous session.

The price of SJC 9999 gold ring closed the week at 99.2 million VND/tael for buying and 101.5 million VND/tael for selling.

DOJI gold bar price in Hanoi and Ho Chi Minh City is bought at 99.4 million VND/tael and sold at 102.1 million VND/tael, unchanged from the previous session.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold rings at the same price as gold bars at 99.2-102.1 million VND/tael.

PNJ Gold bought at 99.4 million VND/tael and sold at 102.1 million VND/tael, unchanged from yesterday's closing price.

As of 10:30 a.m. on April 2 (Vietnam time), the world gold price increased by 3.3 USD compared to the previous session to 3,126.3 USD/ounce.

World gold prices continued to increase this morning amid concerns about tariffs on all countries that have trade relations with the United States, expected to take effect immediately after President Donald Trump announced it today (24).

Since the beginning of the year, in just over 3 months, gold, which is considered a safe haven against instability and inflation, has increased in price by more than 15%.

Gold demand will remain solid due to the potential weakening of the US dollar, the US Federal Reserve's loose monetary policy and tariff uncertainty in the US, said analyst James Hyerczyk at FX Empire.

According to the World Gold Council, central bank gold purchases continued to increase, reaching a record pace in the first quarter of 2025. With solid macro support, the precious metals market is likely to continue to strengthen, and market confidence has pushed global gold prices to skyrocket again.

This morning, the USD-Index decreased slightly to 104.21 points; the yield on 10-year US Treasury bonds decreased to 4.192%; global US stocks increased before the US announced the reciprocal tax; oil prices increased simultaneously, trading at 74.5 USD/barrel for Brent oil and 71.25 USD/barrel for WTI oil.

Source: https://baotuyenquang.com.vn/gia-vang-ngay-2-4-vang-mieng-vang-nhan-neo-o-muc-ky-luc-vuot-102-trieu-dong-luong-209397.html