Gold price on April 24: All increased again, SJC gold bars exceeded 121 million VND

Opening today's trading session, domestic gold prices simultaneously skyrocketed after yesterday's deep decline.

Specifically, at 10:00 a.m. on April 24, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at VND119-121.5 million/tael, an increase of VND2.5 million per tael for buying and VND2 million per tael for buying compared to the previous session. The difference between buying and selling was VND2.5 million.

The price of SJC 9999 gold ring is 113.5 million VND/tael for buying and 116.5 million VND/tael for selling, an increase of 1 million VND/tael in both directions (buying-selling) compared to the previous session.

Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 119 million VND/tael and sold at 121.5 million VND/tael, an increase of 2.5 million VND per tael for buying and 2 million VND per tael for selling compared to the previous session.

This brand listed the price of Doji Hung Thinh Vuong 9999 gold rings, up 1 million VND per tael in both buying and selling compared to yesterday's closing price, with buying and selling transactions at 113.5-116.3 million VND/tael, respectively.

PNJ Gold listed the buying price at 113.5 million VND/tael and the selling price at 116.8 million VND/tael, an increase of 8 hundred thousand VND/tael for buying and 9 hundred thousand VND/tael for selling compared to the previous session.

As of 10:00 a.m. on April 24 (Vietnam time), the world gold price decreased by 24.5 USD/ounce compared to the previous session to 3,355.2 USD/ounce.

Gold prices continued to fall as investors tended to withdraw money from gold to return to investment categories such as stocks, securities, and commodity exchanges. Market sentiment improved thanks to positive statements from US President Donald Trump.

US President Donald Trump said that the high tariffs the US imposes on Chinese goods will be significantly reduced.

In addition, US President Donald Trump affirmed that he has no plans to fire Federal Reserve Chairman Jerome Powell, even though President Donald Trump had previously repeatedly criticized Mr. Powell for not quickly lowering interest rates.

Gold prices also came under strong downward pressure due to the rapid recovery of the USD.

The key economic data the market is waiting for this week is the US gross domestic product and personal consumption expenditure index. According to market analyst Tim Waterer of KCM Trade, if the economic data is stronger, the Fed will keep interest rates high for a longer period of time, putting pressure on gold prices.

This morning, the USD-Index was at 99.64 points; the yield on 10-year US Treasury bonds fell to 4.357%; US stocks rose sharply thanks to a series of good news on trade; world oil prices increased slightly, to 66.14 USD/barrel for Brent oil and 62.31 USD/barrel for WTI oil.

Source: https://baotuyenquang.com.vn/gia-vang-ngay-24-4-dong-loat-tang-tro-lai-vang-mieng-sjc-vuot-moc-121-trieu-dong-210670.html