Gold price on the morning of April 11, 2025 increased by nearly 3 million VND/tael, setting a record high

At around 9:30 a.m., the price of SJC gold bars by SJC Company, PNJ Company, and Bao Tin Minh Chau increased by 2.8 million VND in both buying and selling directions compared to yesterday, listed at 103.4 million VND/tael for buying and 106.4 million VND/tael for selling.

Phu Quy Group also increased the buying price by 2.9 million VND and the selling price by 2.8 million VND, listed at 102.9 million VND/tael for buying and 106.4 million VND/tael for selling.

Mi Hong Gold Shop (HCMC) also increased the buying price by 1.3 million VND and the selling price by 1.8 million VND, listed at 102 million VND/tael for buying and 104.5 million VND/tael for selling.

Thus, the price of SJC gold bars this morning broke yesterday's peak of 103.9 million VND/tael to set a new peak, reaching a highest of 106.4 million VND/tael.

The price of 9999 gold rings also skyrocketed this morning and set a new peak. Bao Tin Minh Chau Company increased the buying price by 1.8 million VND and the selling price by 2.7 million VND compared to yesterday, quoting the price at 102.5 million VND/tael for buying and 106.4 million VND/tael for selling.

PNJ Company increased 2 million VND for buying and 2.2 million VND for selling, trading at 101.9 million VND/tael for buying and 105.1 million VND/tael for selling.

SJC Company also increased by 2.6 million VND in both buying and selling directions, listing 9999 gold rings at 102.4 million VND/tael for buying and 105.4 million VND/tael for selling.

Phu Quy Group also increased 1.4 million VND for buying and 2 million VND for selling, trading at 101.4 million VND/tael for buying and 105.2 million VND/tael for selling.

Thus, the price of 9999 gold rings this morning also set a new peak of 106.4 million VND/tael compared to the peak set on April 3 at 103.5 million VND/tael.

On the world gold market, the closing price of gold in New York on the night of April 10 was 3,175.2 USD/ounce, up 93.2 USD compared to the previous session. The spot gold price on Kitco at around 10:00 on April 11 (Vietnam time) was 3,218 USD/ounce, up more than 40 USD compared to the closing price in New York. This price after conversion is equivalent to 100.7 million VND/tael, lower than SJC gold bars and 9999 gold rings by about 5.3-5.7 million VND/tael.

The world gold price also set an all-time high, surpassing 3,200 USD/ounce, in addition to the increased demand for gold as a hedge against risks due to weaker-than-expected US inflation data - reinforcing expectations that the Federal Reserve (FED) will cut interest rates sharply to support economic growth. The latest report from the US Department of Labor showed that the consumer price index (CPI) unexpectedly decreased in March: down 0.1% in March compared to February, marking the first monthly decrease since March 2020, after increasing 0.2% in February.

Gold is a non-interest bearing asset, so the prospect of rapidly falling interest rates is good for gold. Such an interest rate outlook also weakens the US dollar, further supporting the gold price breakout. Experts say gold is still considered a hedge against uncertainty. Tariffs are becoming a big issue and inflation is likely to rise. All of this will support gold.

According to SGGP Newspaper

Source: https://baodongkhoi.vn/gia-vang-sang-11-4-2025-tang-gan-3-trieu-dong-luong-lap-dinh-cao-ky-luc-11042025-a145020.html