| SJC gold price today turned down 1.3 million VND/tael, 999.9 gold ring increased sharply. Domestic gold price decreased by another 400 thousand, 999.9 gold ring sold for 76.98 million VND/tael. |
Gold price domestic
At noon on April 18, the price of SJC gold continued to decrease. Currently, the price of SJC gold at Phu Nhuan Jewelry Joint Stock Company is trading around 81.70 - 83.70 million VND/tael, down 250 thousand VND/tael for buying and down 250 thousand VND/tael for selling compared to yesterday.
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The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 81.75 - 83.65 million VND/tael, down 50,000 VND/tael for buying and 50,000 VND/tael for selling compared to yesterday.
At Phu Quy Group, the price of SJC gold bars is currently trading around 81.70 - 83.70 million VND/tael for buying and selling, down 50 thousand VND/tael for buying and down 50 thousand VND/tael for selling compared to yesterday.
The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 81.75 - 83.65 million VND/tael, down 50,000 VND/tael for buying and down 50,000 VND/tael for selling compared to the previous session.
Continuing the downward trend with SJC gold, the price of 999.9 gold rings today decreased according to each enterprise. Specifically, the price of 999.9 gold rings (24k), Thang Long gold dragon gold bars, and plain round rings at Bao Tin Minh Chau Company traded at 75.03 - 76.73 million VND/tael for buying - selling, down 250 thousand VND/tael for buying and down 250 thousand VND/tael for selling compared to yesterday.
Thang Long 999.9 (24k) gold jewelry is trading around 75.15 - 76.35 million VND/tael, down 150 thousand VND/tael for buying and down 150 thousand VND/tael for selling compared to yesterday.
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| Gold price traded at Bao Tin Manh Hai |
Similarly, Thang Long Gold Dragon blister rings and Kim Gia Bao blister rings of Bao Tin Manh Hai Company are trading around 74.93 - 76.63 million VND/tael for buying and selling, down 250 thousand VND/tael for buying and down 250 thousand VND/tael for selling compared to yesterday.
The price of 999.9 gold is around 74.05 - 76.25 million VND/tael, down 250 thousand VND/tael for buying and down 250 thousand VND/tael for selling compared to yesterday's session. The price of 99.9 gold is currently around 73.95 - 76.15 million VND/tael, down 150 thousand VND/tael for buying and down 150 thousand VND/tael for selling compared to yesterday's session.
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| Gold price traded at Phu Quy Group |
At Phu Quy Group, Phu Quy 999.9 round rings and Phu Quy 999.9 God of Wealth rings are trading around 74.90 - 76.70 million VND/tael, down 300,000 VND/tael for buying and down 300,000 VND/tael for selling compared to yesterday.
24K 999.9 gold is trading around 74.40 - 76.40 million VND/tael, down 50 thousand VND/tael for buying and down 50 thousand VND/tael for selling compared to yesterday.
World gold price
The world gold price recorded at noon today, Vietnam time, was at 2,374 USD/ounce. Today's gold price decreased by 22.1 USD/ounce compared to yesterday's gold price.
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| World gold price chart this afternoon |
Converted at the current exchange rate at Vietcombank, the world gold price is about 71 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still about 11 million VND/tael higher than the international gold price.
Gold prices fell on Wednesday as fading hopes of a U.S. interest rate cut offset gains in safe-haven demand from geopolitical uncertainty in the Middle East, with the precious metal only reversing its losses if central banks stop buying or investors return to riskier assets.
However, demand for gold from Asia remains strong. According to Bloomberg, Americans are rushing to sell gold as prices soar, while Chinese people are rushing to buy gold. In addition, gold prices are also being restrained by the rising US dollar globally.
Analysts at Citi expect gold prices to regularly test and surpass the $2,500/ounce threshold in the second half of 2024 and reach $3,000/ounce within the next 6-18 months.
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