SJC gold price continues to increase today, reaching 84 million VND/tael, 999.9 gold ring price slightly decreased

SJC gold price today decreased by another 250 thousand, the market sold 83.70 million VND/tael. Gold price reversed and increased by 600 thousand, 999.9 gold ring exceeded 77 million VND/tael.

Gold price domestic

At noon on April 20, the price of SJC gold reversed and increased slightly by about 200,000 VND/tael depending on the business. Currently, the price of SJC gold at Phu Nhuan Jewelry Joint Stock Company is trading around 81.80 - 83.80 million VND/tael, an increase of 50,000 VND/tael for buying and 50,000 VND/tael for selling compared to yesterday.

Giá vàng SJC hôm nay tiếp đà tăng, chạm mốc 84 triệu đồng/lượng, vàng nhẫn 999.9 giảm nhẹ

Gold price traded at Phu Nhuan Jewelry Joint Stock Company

The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 82.05 - 83.95 million VND/tael, an increase of 50 thousand VND/tael for buying and 150 thousand VND/tael for selling compared to yesterday.

At Phu Quy Group, the price of SJC gold bars is currently trading around 82.00 - 84.00 million VND/tael for buying and selling, an increase of 200,000 VND/tael for buying and an increase of 200,000 VND/tael for selling compared to yesterday.

The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 82.05 - 84.00 million VND/tael, an increase of 50 thousand VND/tael for buying and 150 thousand VND/tael for selling compared to the previous session.

In contrast to the price of SJC gold, the price of 999.9 gold rings today reversed and decreased slightly according to each enterprise. Specifically, the price of 999.9 gold rings (24k), the price of Thang Long dragon gold bars, and plain round rings at Bao Tin Minh Chau Company traded at 75.36 - 77.06 million VND/tael for buying - selling, down 170 thousand VND/tael for buying and down 170 thousand VND/tael for selling compared to yesterday.

Thang Long 999.9 (24k) gold jewelry is trading around 74.50 - 76.70 million VND/tael, down 150 thousand VND/tael for buying and down 150 thousand VND/tael for selling compared to yesterday.

Similarly, Thang Long Gold Dragon blister rings and Kim Gia Bao blister rings of Bao Tin Manh Hai Company are trading around 75.46 - 77.16 million VND/tael for buying and selling, down 70 thousand VND/tael for buying and down 70 thousand VND/tael for selling compared to yesterday.

Gold price traded at Bao Tin Manh Hai

The price of 999.9 gold is around 74.70 - 76.80 million VND/tael, down 50 thousand VND/tael for buying and down 50 thousand VND/tael for selling compared to yesterday's session. The price of 99.9 gold is currently around 74.60 - 76.70 million VND/tael, down 50 thousand VND/tael for buying and down 50 thousand VND/tael for selling compared to yesterday's session.

At Phu Quy Group, Phu Quy 999.9 round rings and Phu Quy 999.9 God of Wealth rings are trading around 75.40 - 77.10 million VND/tael, down 200,000 VND/tael for buying and down 200,000 VND/tael for selling compared to yesterday.

Gold price traded at Phu Quy Group

24K 999.9 gold is trading around 74.40 - 76.40 million VND/tael, down 100,000 VND/tael for buying and 100,000 VND/tael for selling compared to yesterday.

World gold price

According to data from TradingView, as of noon on April 20, 2024 (Vietnam time), the world gold price is at 2,391 USD/ounce. Converted according to Vietcombank exchange rate (excluding taxes and fees), this price is equivalent to 73.4 million VND/tael, the difference between domestic and world gold prices is over 10 million VND/tael.

World gold price chart this afternoon

Gold prices continued to rise on concerns about escalating tensions in the Middle East. Despite the strong resistance of the USD and rising US Treasury yields due to expectations of interest rate changes, gold continued to increase in price and recorded its fifth consecutive week of increase. Some experts said that strong safe-haven demand due to concerns about instability has overshadowed the pressure on interest rate expectations on gold.

According to David Meger, director of metals trading at High Ridge Futures, developments in the Middle East have a big impact on gold’s price action. If the situation calms down, gold will either pull back or consolidate as safe-haven buying dries up. However, in the long term, gold’s uptrend will continue.

However, some other analysts said that next week, gold prices may fluctuate a lot. Because at that time, the US will release economic growth data, the personal consumption expenditure index (PCE), which can affect the market's expectations of the US Federal Reserve (FED) cutting interest rates.

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