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Gold price increased beyond 120 million mark

Việt NamViệt Nam17/04/2025


Update gold price today April 17, 2025 latest in domestic market

At the time of survey at 9:30 a.m. on April 17, 2025, today's gold price April 17, 2025 recorded a strong upward trend in the domestic market. Specifically:

Saigon Jewelry Company listed the price of SJC gold bars at 115.5-118 million VND/tael (buy - sell), a sharp increase of 2.5 million VND/tael in both buying and selling directions compared to yesterday.

DOJI Group announced the price of SJC gold bars at 115.5-118 million VND/tael (buy - sell), a sharp increase of 2.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices remained at 2.5 million VND/tael.

Mi Hong announced the price of SJC gold bars at 116.5-120.5 million VND/tael (buy - sell), the gold price increased by 3 million VND/tael in buying - increased by 4 million VND/tael in selling compared to yesterday.

Bao Tin Minh Chau recorded the price of SJC gold bars at 115.5-118 million VND/tael (buy - sell), a sharp increase of 2.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices reached 2.5 million VND/tael.

Phu Quy listed the price of SJC gold bars at 113.5-116 million VND/tael (buy - sell), an increase of 2.5 million VND/tael for buying and 2 million VND/tael for selling compared to yesterday. The difference between buying and selling prices is 2.5 million VND/tael.

Gold price today April 17, 2025: Gold price increased beyond 120 million mark

As of 9:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 114-117 million VND/tael (buy - sell); an increase of 3.5 million VND/tael in both buying and selling directions compared to early this morning.

Bao Tin Minh Chau listed the price of gold rings at 114.5-117.5 million VND/tael (buy - sell); an increase of 2.5 million VND/tael in both buying and selling compared to early this morning. The difference between buying and selling prices is 3 million VND/tael.

The latest gold price update table today, April 17, 2025 is as follows:

Gold price today
BuySell
SJC in Hanoi 115.5 ▲2500 118 ▲2500
DOJI Group 115.5 ▲2500 118 ▲2500
Red Eyelashes 116.5 ▲3000 120.5 ▲4000
PNJ 115.5 ▲2500 118 ▲2500
Vietinbank Gold 118 ▲2500
Bao Tin Minh Chau 115.5 ▲2500 118 ▲2500
Phu Quy 113.5 ▲2500 116 ▲2000
1. DOJI - Updated: April 17, 2025 09:30 - Source website time - ▼/▲ Compared to yesterday.
Type
Buy Sell
AVPL/SJC HN 115,500
▲2500
118,000
▲2500
AVPL/SJC HCM 115,500
▲2500
118,000
▲2500
AVPL/SJC DN 115,500
▲2500
118,000
▲2500
Raw material 9999 - HN 113,800
▲3500
116,100
▲3500
Raw material 999 - HN 113,700
▲3500
116,000
▲3500
2. PNJ - Updated: April 17, 2025 09:30 - Time of website supply - ▲ Compared to yesterday.
Type Buy Sell
SJC 999.9 gold bar 11,550 11,800
PNJ 999.9 Plain Ring 11,050 11,360
Kim Bao Gold 999.9 11,050 11,360
Gold Phuc Loc Tai 999.9 11,050 11,360
999.9 gold jewelry 11,050 11,300
999 gold jewelry 11,039 11,289
9920 jewelry gold 10,970 11,220
99 gold jewelry 10,947 11,197
750 Gold (18K) 8,240 8,490
585 Gold (14K) 6,376 6.626
416 Gold (10K) 4.466 4,716
PNJ Gold - Phoenix 11,050 11,360
916 Gold (22K) 10.111 10,361
610 Gold (14.6K) 6,658 6.908
650 Gold (15.6K) 7.110 7,360
680 Gold (16.3K) 7,449 7,699
375 Gold (9K) 4.003 4,253
333 Gold (8K) 3,494 3,744
3. SJC - Updated: April 17, 2025 09:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 115,500 ▲2500K 118,000 ▲2500K
SJC gold 5 chi 115,500 ▲2500K 118,020 ▲2500K
SJC gold 0.5 chi, 1 chi, 2 chi 115,500 ▲2500K 118,030 ▲2500K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 113,800
▲3300
117,000
▲3500
SJC 99.99% gold ring 0.5 chi, 0.3 chi 113,800
▲3300
117,100
▲3500
Jewelry 99.99% 113,800
▲3300
116,400
▲3500
Jewelry 99% 110,747
▲3465
115,247
▲3465
Jewelry 68% 74,309
▲2380
79,309
▲2380
Jewelry 41.7% 43,693
▲1459
48,693
▲1459

Update gold price today April 17, 2025 latest on the world market

According to Kitco, the world gold price recorded at 9:30 am today, Vietnam time, was at 3,335.11 USD/ounce. Today's gold price increased by 82.9 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,060 VND/USD), the world gold price is about 105.83 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.17 million VND/tael higher than the international gold price.

The world gold price has increased beyond the threshold of 3,500 USD/ounce before decreasing slightly due to the demand for "safe haven" when the US-China tension escalates. The price of silver also increased to 32.88 USD/ounce. Chinese investors and the country's central bank are actively buying gold, contributing to the high price.

Gold is now the “most popular trade,” according to a Bank of America survey, suggesting that more investors are pouring money into the market. However, some experts warn that with so many people betting on gold, the market could get too “hot.”

The recent surge in gold prices comes as US consumers continue to spend heavily despite growing concerns about a recession. According to data from the US Commerce Department, retail sales rose 1.4% in March, higher than the 1.3% forecast by experts. Compared to the same period last year, sales were up 4.6%, indicating that people's purchasing power remains quite stable. Even excluding auto purchases, sales still rose 0.5%, beating expectations.

While American consumers are still spending heavily, many economists say the risk of a recession is rising. US stocks fell, with Nvidia shares plunging after news that the company could be banned from selling AI chips to China, costing it $5.5 billion.

However, some experts believe that the main reason for the increase in world gold prices is mainly due to investor sentiment in the face of rapidly changing tariff policies under US President Donald Trump. A slight increase in US retail sales also has little impact on current gold prices.

The US dollar also fell, while oil prices and US government bond yields fluctuated slightly. These factors caused investors to seek gold as a safe haven.

News, gold price trends today April 17, 2025 domestic and world gold prices

According to experts, the buyers are in control and could push the gold price to $3,400 an ounce. On the other hand, if the sellers prevail, the price could fall to $3,150. Currently, the nearest resistance level is $3,348.5, while the important support is at $3,300.

According to FXTM expert Lukman Otunuga, gold prices are being strongly supported by three main factors: the weakening of the US dollar, tariff tensions and concerns about a global economic recession. According to him, after surpassing the threshold of 3,300 USD/ounce, the next direction of gold prices will depend largely on market sentiment. If speculative money continues to flow in, gold may aim for the 3,400 USD, 3,500 USD or higher levels. However, if there is positive news from US-China trade negotiations or strong profit-taking activities, gold prices can completely adjust quickly.

ANZ Bank has also adjusted its forecast, raising its year-end gold price expectation to $3,600 an ounce, with a short-term target of $3,500 in six months. They believe that demand for gold as a hedge against risk will increase in the coming time.

Jim Wyckoff, an expert at Kitco Metals, said investors are now waiting for major economic signals that could give gold a boost. Although there has been no new breakthrough news, the technical trend is still supporting the upside.

Commerzbank believes that gold prices are reflecting the persistent weakness of the US dollar. As investors lose confidence in the US dollar, gold becomes a more attractive alternative in their asset portfolios. This explains the growing appeal of gold.

However, Ole Hansen, head of commodity strategy at Saxo Bank, warned that the current rally in gold is quite "hot", leading to short-term corrections. However, according to him, each time the price of gold has dropped over the past year has been short-lived, because buying pressure has always appeared when the price has adjusted.



Source: https://baoquangnam.vn/gia-vang-hom-nay-17-4-2025-gia-vang-trong-nuoc-va-the-gioi-tiep-tuc-tang-vuot-moc-120-trieu-3152956.html

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