SJC gold price skyrocketed to over 106 million VND

After increasing by 700,000 VND early on April 12, Saigon Jewelry Company - SJC continued to add 300,000 VND, bringing the buying price of gold bars to 102.7 million VND/tael, and the selling price to 106.2 million VND. In total, each tael of SJC gold bar increased by 1 million VND in the morning. Notably, SJC sold gold bars at 3.5 million VND/tael higher than the buying price instead of only 3 million VND in previous days.

Gold price continued to increase on the morning of April 12, exceeding 106 million VND/tael

The buying price of 4-number 9 gold rings at SJC is kept the same as the beginning of the day at 101.4 million VND/tael but increased by 200,000 VND in the selling price, up to 104.9 million VND. The difference between buying and selling gold rings at SJC also increased to 3.5 million VND/tael. Similarly, Phu Nhuan Jewelry Company (PNJ) also increased by 200,000 VND compared to the beginning of the day when buying gold rings to 101 million VND, selling increased by 400,000 VND to 104.7 million VND. Currently, Bao Tin Minh Chau has a buying price of 101.5 million VND for gold rings, selling at 105 million VND, the highest price on the market...

Gold prices were flat at $3,236 an ounce as trading closed for the weekend. Nitesh Shah, commodity strategist at WisdomTree, told CNBC that gold is clearly being seen as a safe haven in a world turned upside down by President Donald Trump's tariffs . The dollar has fallen and U.S. government bonds have been sold off sharply as confidence in the U.S. as a reliable trading partner has eroded. U.S. monthly producer prices unexpectedly fell 0.4 percent in March, but import tariffs are expected to push up U.S. inflation in the coming months.

Some analysts also believe that a small correction in gold is possible, but it is not surprising that the next trend is still upward. Currently, investors predict that the US Federal Reserve (Fed) will continue to cut interest rates in June and there will be more interest rate cuts totaling about 90 basis points (equivalent to 0.9%) before the end of 2025./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-sjc-tang-vot-len-tren-106-trieu-dong-185250412100704304.htm

Source: https://baolongan.vn/gia-vang-sjc-tang-vot-len-tren-106-trieu-dong-a193366.html