Gold price on April 21: SJC gold bars skyrocketed by 4 million VND, up to 118 million VND/tael

Illustration photo.

In the domestic market, this morning, domestic gold brands simultaneously adjusted their prices to increase following the world market developments. The price of SJC gold bars increased by 4 million VND/tael compared to the closing price of last week to 118 million VND/tael.

Specifically, at 10:30 a.m. on April 21, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 116-118 million VND/tael, an increase of 4 million VND compared to the closing price of the previous week. The difference between buying and selling is 2 million VND/tael.

The price of SJC 9999 gold ring is 112.5 million VND/tael for buying and 115.5 million VND/tael for selling, up 3 million VND and 2 million VND/tael respectively compared to the closing price last week.

DOJI gold bar price in Hanoi and Ho Chi Minh City is bought at 116 million VND/tael and sold at 118 million VND/tael, an increase of 4 million VND compared to the previous session.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 113.5-117 million VND/tael.

PNJ Gold is currently buying at 112 million VND/tael and selling at 115.6 million VND/tael, up 2.5 million VND and 2.1 million VND respectively compared to the previous session.

As of 10:30 a.m. on April 21 (Vietnam time), the world gold price was trading at a new record of 3,380 USD/ounce, up 53 USD/ounce compared to the close of last week's trading session.

World gold prices this morning continued to rise to a new peak of 3,380 USD/ounce in the context of the USD depreciation and increasing trade tensions between the US and key trading partners, raising concerns about economic recession, causing investors to continue shifting assets to gold as a safe haven.

The latest Kitco News gold survey shows that 10 of 16 Wall Street analysts (63%) see gold prices rising again this week, while four (25%) see the precious metal falling. The remaining two (12%) see prices moving sideways.

Meanwhile, on Main Street, 195 retail investors, or 63%, of the 312 investors who participated in Kitco’s online poll expect gold prices to go higher; 57 investors, or 18%, see gold prices falling; another 60 investors, or 19%, are neutral on gold prices this week.

Since the beginning of the year, the world gold price has continuously conquered new peaks. Gold ETFs have recorded 12 consecutive weeks of price increases, marking the longest streak of increases since 2022.

The upside momentum is still there for gold, especially with the stock market in a bear market, said Adrian Day, chairman of Adrian Day Asset Management. The reasons for buying gold over the past two years remain the same, said Adrian Day.

Gold has increased by more than 25% over the past year but could correct to $3,250 or $3,140, ​​with support at $3,000, according to FXTM expert Lukman Otunuga. If $3,300 holds, gold could move to $3,400 or higher.

This morning, the USD-Index continued to fall to 98.38 points; the yield on 10-year US Treasury bonds was at 4.350%; US stocks experienced a week of decline due to tariff concerns; world oil prices fell after 4 consecutive sessions of increase, trading at 66.95 USD/barrel for Brent oil and 63 USD/barrel for WTI oil.

According to Nhandan.vn

Source: https://baoquangngai.vn/kinh-te/202504/gia-vang-ngay-214-vang-mieng-sjc-tang-vot-4-trieu-dong-len-118-trieu-dongluong-e7226da/