Gold price on April 21: Strong increase following world market

Illustration photo. Photo: Internet

On the morning of April 21, domestic gold prices witnessed a sharp increase in selling prices, with an adjustment of 2-3 million VND/tael higher than the closing price of the previous weekend, while the international market recorded a new record high price.

As soon as the session opened this morning, Saigon Jewelry Company Limited (SJC) announced a new price list for SJC gold bars at 115-117 million VND/tael (buy - sell), an increase of 3 million VND/tael in both directions compared to the weekend session.

At the same time, the price of plain round gold rings was traded by Bao Tin Minh Chau at 113-117 million VND/tael (buy - sell), in which the buying price increased by 2.2 million VND/tael and the selling price increased by 3 million VND/tael compared to the previous weekend session.

On the morning of April 21, the market opened with a simultaneous increase in domestic gold prices.

At DOJI Gold and Gemstone Group Joint Stock Company, the price of plain round gold rings is trading around 112.5-116 million VND/tael (buy in - sell out). Meanwhile, at Phu Quy Gold Investment Joint Stock Company, the price of gold rings is listed at 112-115.5 million VND/tael (buy in - sell out).

Recorded in the "gold street" area of ​​Tran Nhan Tong ( Hanoi ), the trading atmosphere became bustling with a large number of customers flocking to large gold shops. People coming to buy had to wait quite a long time and were limited in the quantity they could buy.

According to warnings from financial experts, gold buyers at this time need to consider carefully and closely follow market developments, because the difference between buying and selling prices is currently quite large - ranging from 2-4 million VND/tael - which can make buyers easily face the risk of short-term losses.

In addition, when purchasing power increases while supply is limited, the market may experience fraud and scams in the form of selling fake gold for profit.

On the morning of April 21, many people lined up on Tran Nhan Tong Street waiting for their turn to buy gold.

The strong increase in domestic gold prices today was mainly driven by positive developments in the world market. As of 9:00 a.m. Vietnam time, the international gold price was trading at $3,376/ounce – the highest level ever.

The driving force behind the sharp increase in world gold prices comes from investors' desire to seek safe havens amid concerns about a global trade war due to US President Donald Trump's tax policies and signals of policy adjustments from US Federal Reserve (Fed) Chairman Jerome Powell.

This week, markets will be watching a slew of economic reports including data on new home sales in March, weekly jobless claims, existing home sales and the University of Michigan consumer sentiment survey.

Cao Thong

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-21-4-bat-tang-manh-theo-thi-truong-the-gioi/20250421103812771