Gold price skyrocketed to 122.5 million VND/tael

Gold prices have skyrocketed recently - Photo: THANH HIEP

SJC gold bar price increased to 8.5 million VND/tael after only two days

Thus, the price of SJC gold bars has increased to 8.5 million VND/tael after only two days due to the strong increase in world gold prices.

At 10:30 this morning, the world gold price skyrocketed to 3,484 USD/ounce, up 155 USD/ounce (equivalent to 4.88 million VND/tael) compared to the end of last week and approaching 3,500 USD/ounce. This increase exceeded all predictions of major organizations in the world.

Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 109.6 million VND/tael.

After SJC Company raised the selling price of SJC gold bars to 122.5 million VND/tael and the buying price to 120.5 million VND/tael, the price of 9999 gold rings also skyrocketed.

This afternoon, the price of 9999 gold rings at SJC Company was sold at 119.6 million VND/tael, bought at 116.5 million VND/tael, increased by 3.6 million VND/tael for selling and 3.5 million VND/tael for buying.

At PNJ Company, the buying and selling price of SJC gold bars this morning also skyrocketed to 122.5 million VND/tael (selling) and 120.5 million VND/tael (buying). The selling price of 9999 gold rings also approached the selling price of SJC gold bars, at 120 million VND/tael, buying at 117 million VND/tael.

At Bao Tin Minh Chau Company, the selling price of 9999 gold rings increased rapidly to 122.5 million VND/tael, and the buying price was 119.5 million VND/tael.

Compared to the converted world gold price, the price of SJC gold bars is 12.9 million VND/tael higher while the price of gold rings is 10.4 million VND/tael higher.

Why did the world gold price increase beyond all forecasts?

World gold price approaches 3,500 USD/ounce - Screenshot

According to analysis, world gold prices increased rapidly due to the USD falling to a 3-year low.

Demand for gold as a safe haven continued to rise as US President Donald Trump once again criticized Federal Reserve Chairman Jerome Powell, while trade negotiations showed no signs of progress.

US stocks have been sold off and the US dollar has also been sold off heavily.

Since the beginning of the year, the world gold price has increased by about 30%. Since Mr. Trump announced the reciprocal tariff plan on April 2, 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.

Please follow the domestic gold price developments here.

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Source: https://tuoitre.vn/gia-vang-tang-vot-len-den-122-5-trieu-dong-luong-20250422110931995.htm