Gold prices skyrocket, queueing up but can't buy gold

Gold price today increased to an unprecedented high

Gold price today, April 22, gold price continues to increase to an unprecedented high. At 3:00 p.m., Saigon Jewelry Company - SJC listed SJC gold price at 122 - 124 million VND/tael for buying and selling.

Bao Tin Minh Chau is also buying and selling SJC gold at 120.5 - 122.5 million VND/tael for buying and selling.

The difference in buying and selling price of SJC gold at different units is at 2 million VND/tael.

At the same time, the price of gold rings is being traded by Bao Tin Minh Chau around 119 - 122 million VND/tael for buying and selling.

Saigon Jewelry Company Limited (SJC) is also trading gold rings at 116.5 - 119.5 million VND/tael for buying and selling.

Many stores have signs saying they are out of gold and have nothing to sell. Photo: Hong Canh

The difference between buying and selling gold rings is higher than gold bars, 3 million VND/tael for buying and selling.

In the world market, SJC gold price stands around 3,468 USD/ounce.

Domestic gold prices have increased sharply in recent days. Compared to 3pm on April 21, today, Bao Tin Minh Chau adjusted the price of gold rings to increase by 4.5 million VND/tael for buying and 4 million VND/tael for selling.

The price of SJC gold was also adjusted by this unit to increase by 4.5 million VND/tael in both buying and selling directions.

The soaring gold price has caused the demand for gold by people and investors to reach a new peak. In recent days, large gold shops have been bustling with customers. Many gold shops have run out of gold to sell, with signs saying they are out of stock in the morning.

According to the reporter, on the morning of April 22, Bao Tin Minh Chau gold shop on Tran Nhan Tong street, Hanoi was crowded like a festival. Long lines of people jostled and lined up waiting to buy gold.

Statistics from Bao Tin Minh Chau show that on the morning of April 22, 70% of customers came to buy gold and 30% came to sell.

This morning, gold shops only sold 1 tael of gold to each customer. However, by around 11am, many gold shops had signs saying they were out of stock. Many customers who had lined up earlier had to leave helplessly.

Gold prices are expected to increase sharply

Analyzing the reasons for the increase in world gold prices in recent days, analysts said that the record high in world gold prices was due to the USD falling to its lowest level in the past 3 years.

The US dollar has fallen dramatically, causing a sharp increase in demand for gold, which is considered a safe haven in the current context of escalating global tensions.

Since the beginning of the year, the world gold price has increased by about 30%. Since the beginning of April 2025, the world gold price has increased by about 8%.

Citibank predicts that gold prices will exceed $3,500/ounce in the next 3 months. However, with the current explosive growth, the world gold price is likely to soon exceed $3,500/ounce.

The increase in world gold prices means that domestic gold prices will increase as well. Domestic gold prices in the coming time are forecasted to increase sharply, setting new records.

Hoang Giang

Source: https://congthuong.vn/gia-vang-tang-chong-mat-xep-hang-khong-mua-duoc-vang-384362.html