Gold prices continue to fall

Domestic gold price today April 7, 2025

At the time of survey at 4:30 a.m. on April 7, 2025, domestic gold prices temporarily rested when entering the Hung Kings' Commemoration Day holiday. Specifically:

DOJI Group listed the price of SJC gold bars at 97.1-100.1 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday. At the end of the week, the gold price decreased by 1.3 million VND/tael for buying - decreased by 600 thousand VND/tael for selling compared to last week. The difference in buying and selling prices of SJC gold at DOJI Group was at 3 million VND/tael.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 97.1-100.1 million VND/tael (buy - sell), unchanged in both buying and selling directions compared to yesterday. At the end of the week, the gold price decreased by 1.3 million VND/tael for buying - decreased by 600 thousand VND/tael for selling compared to the previous week. The difference in buying and selling prices of SJC gold at Saigon Jewelry Company SJC was at 3 million VND/tael.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 97.2-100.1 million VND/tael (buying - selling, unchanged in both buying and selling directions compared to yesterday. At the end of the week, gold price decreased by 1.3 million VND/tael for buying - decreased by 600 thousand VND/tael for selling compared to last week.

As of 4:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 96.7-100.1 million VND/tael (buy - sell); down 1.7 million VND/tael for buying and down 600 thousand VND/tael for selling compared to the closing price of last week's trading session. The difference between buying and selling is at 3.4 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 97.5-100.5 million VND/tael (buy - sell); down 1.4 million VND/tael for buying and down 400 thousand VND/tael for selling compared to the closing price of last week. The difference between buying and selling is at 3 million VND/tael.

The latest gold price list today, April 7, 2025 is as follows:

Gold price today	April 7, 2025 (million dong)		Difference (thousand dong/tael)
	Buy	Sell	Buy	Sell
SJC in Hanoi	97.1	100.1	-	-
DOJI Group	97.1	100.1	-	-
Red Eyelashes	99.3	100.8	+600	+300
PNJ	97.1	100.1	-	-
Vietinbank Gold		100.1		-
Bao Tin Minh Chau	97.2	100.1	-	-
Phu Quy	97.3	100.1	+200	-

1. DOJI - Updated: April 7, 2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price	Buy	Sell
AVPL/SJC HN	97,100	100,100
AVPL/SJC HCM	97,100	100,100
AVPL/SJC DN	97,100	100,100
Raw material 9999 - HN	96,500	99,200
Raw material 999 - HN	96,400	99,100

2. PNJ - Updated: April 7, 2025 04:30 - Time of website supply source - ▼/▲ Compared to yesterday.
Type	Buy	Sell
HCMC - PNJ	97,500	100.100
HCMC - SJC	97,100	100.100
Hanoi - PNJ	97,500	100.100
Hanoi - SJC	97,100	100.100
Da Nang - PNJ	97,500	100.100
Da Nang - SJC	97,100	100.100
Western Region - PNJ	97,500	100.100
Western Region - SJC	97,100	100.100
Jewelry gold price - PNJ	97,500	100.100
Jewelry gold price - SJC	97,100	100.100
Jewelry gold price - Southeast	PNJ	97,500
Jewelry gold price - SJC	97,100	100.100
Jewelry gold price - Jewelry gold price	PNJ 999.9 Plain Ring	97,500
Jewelry gold price - Jewelry gold 999.9	97,500	100,000
Jewelry gold price - Jewelry gold 999	97,400	99,900
Jewelry gold price - Jewelry gold 9920	96,800	99,300
Jewelry gold price - Jewelry gold 99	96,600	99,100
Jewelry gold price - 916 gold (22K)	89,200	91,700
Jewelry gold price - 750 gold (18K)	72,650	75,150
Jewelry gold price - 680 gold (16.3K)	65,650	68,150
Jewelry gold price - 650 gold (15.6K)	62,650	65,150
Jewelry gold price - 610 gold (14.6K)	58,650	61,150
Jewelry gold price - 585 gold (14K)	56,150	58,650
Jewelry gold price - 416 gold (10K)	39,250	41,750
Jewelry gold price - 375 gold (9K)	35,150	37,650
Jewelry gold price - 333 gold (8K)	30,650	33,150

3. SJC - Updated: 4/7/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG	97,100	100,100
SJC gold 5 chi	97,100	100,120
SJC gold 0.5 chi, 1 chi, 2 chi	97,100	100,130
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi	97,000	100,000
SJC 99.99% gold ring 0.5 chi, 0.3 chi	97,000	100,100
Jewelry 99.99%	97,000	99,700
Jewelry 99%	95,712	98,712
Jewelry 68%	64,952	67,952
Jewelry 41.7%	38,729	41,729

World gold price today April 7, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 am today, Vietnam time, was at 3,035.92 USD/ounce. Today's gold price is unchanged from yesterday and down 54.94 USD/ounce compared to last week. Converted according to the USD exchange rate at Vietcombank (25,960 VND/USD), the world gold price is about 95 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 5.1 million VND/tael higher than the international gold price.

The world gold price fell 1.8%, ending a five-week streak of consecutive increases. However, gold still maintained its support level around $3,000/ounce and showed better resilience than the stock market. However, many experts warned that if selling pressure continued to increase, gold could fall to $2,800.

Gainesville Coins expert Everett Millman said the decline was largely due to investors selling gold and silver to cover losses in their portfolios as stocks plunged, a common practice during periods of market stress and lack of liquidity.

Millman said there is no clear support level if stocks continue to fall. For gold to stabilize, the market needs positive signals from monetary policy, such as a commitment from the Fed to lower interest rates or new economic stimulus packages. If the situation worsens, gold could fall to $ 2,900 / ounce.

The market is in turmoil, with many investors selling winning positions to replenish margin as stocks plunge, said Kevin Grady of Phoenix Futures and Options. He said big banks were on the sidelines before Trump’s tariff announcement and are now waiting for more clarity.

Grady said that gold is unlikely to rise sharply next week. Investors are dealing with margin call pressure, while commodities are also taking profits after a strong rally since the beginning of the year. He predicted that the market needs more time to stabilize and determine a specific direction.

Grady is also concerned about the risk of a global recession, which will negatively impact demand for commodities, including gold. In the uncertain environment, many investors are choosing to hold cash instead of taking risks.

This week, the market will closely monitor important economic data from the US. The minutes of the March FOMC meeting will be released on Wednesday, followed by CPI inflation on Thursday and PPI on Friday. In addition, the University of Michigan's preliminary consumer confidence index will be released on Friday morning, reflecting Americans' views on the economic outlook.

Gold Price Forecast

Chris Vecchio, chief strategist at Tastylive.com, said the sharp sell-off in stocks was understandable, saying former President Donald Trump’s global tax policies were the biggest shock to global trade in a century.

According to Vecchio, the factors that pushed gold prices above $3,000 an ounce are still intact. He believes that the current price is a good opportunity for those who want to invest for the long term, especially in the context of many central banks looking to reduce their dependence on the US dollar.

The latest Kitco News weekly gold survey shows that sentiment among experts has shifted from bullish to cautious. Of the 16 experts surveyed, only five see gold prices rising next week, while eight see them falling. The remaining three see gold trading sideways around current lows.

However, sentiment among individual investors remains relatively stable. Of the 273 respondents to the online survey, 61% expect gold prices to rise, 26% expect prices to fall, and the rest believe prices will remain flat.

Gold is losing its safe-haven appeal as it sells off alongside stocks, despite falling U.S. dollar and bond yields, which typically support gold, said Marc Chandler, managing director at Bannockburn Global Forex.

He said the decline in gold this week was mainly due to the erasure of previous gains. If gold breaks through $3,054 an ounce, prices could continue to fall to $3,030 and then $3,000. Current technical indicators are also sending negative signals.

David Morrison, senior market analyst at Trade Nation, said that while the gold sell-off was steeper than expected, the move was not surprising. Momentum indicators show prices are trading in overbought territory. However, he added that he does not expect the rally to end, even if prices move lower.

Source: https://baoquangnam.vn/gia-vang-hom-nay-7-4-2025-gia-vang-trong-nuoc-va-the-gioi-tiep-tuc-giam-giau-tuan-3152237.html