Gold price exceeds 120 million VND/tael, highest ever

Gold prices increased by a large margin

At the opening of the trading session on April 18, the price of SJC gold bars was listed by large enterprises at 117-120 million VND/tael (buy - sell), an increase of 1.5 million VND for buying and 2 million VND for selling compared to the closing price of yesterday's session. This is the highest price ever recorded for this item.

The difference between buying and selling prices is VND3 million/tael. Compared to the closing price last week, the price of gold bars has increased by VND13.5 million/tael in the selling direction with a vertical increase in the gold price chart. Compared to the beginning of the year, each tael of gold has increased by VND28 million.

Meanwhile, the price of gold rings was listed at 113.8-117 million VND/tael (buy - sell), an increase of 1.3 million VND/tael for buying and 1.5 million VND/tael for selling. Meanwhile, SJC 5 gold was listed at only 117-120.02 million VND/tael (buy - sell).

Meanwhile, SJC gold rings of 0.5 chi, 1 chi, 2 chi are listed at 117-120.03 million VND/tael (buy - sell). This is the highest price that these items have ever recorded and also the first time the market recorded a gold price exceeding 120 million VND/tael.

According to a survey by Dan Tri reporters, in the context of 1-tael SJC gold bars being "out of stock" and 1-tael gold rings being limited to a maximum of 1-5 taels per customer (depending on the store), 5-tael SJC gold and 0.5-tael SJC gold rings are of more interest to customers.

Gold prices are getting more and more expensive (Photo: Manh Quan).

In the international market, today's gold price is trading around 3,289 USD/ounce. Before falling back to the current level, there was a time when the precious metal reached a peak of 3,354 USD/ounce. Converted at the exchange rate excluding taxes and fees, the world metal is equivalent to 104.3 million VND/tael.

Since the beginning of the year, the world gold price has increased by nearly 30%, beating all popular investment assets in the same period.

"Everything is going in gold's favor, pushing prices to record highs. Despite the slide, the metal still has room to rise as trade tensions persist," said Nikos Tzaboura, senior market analyst at Tradu.com.

"Gold remains significantly supported by the weak USD, uncertainty surrounding US import tax policy as well as global recession fears," said Lukman Otunuga, senior researcher at FXTM.

In addition, analysts at Goldman Sachs recently predicted that gold prices could reach $3,700/ounce by the end of 2025 and even hit $4,000/ounce by mid-2026. However, according to experts, profit-taking or positive developments in US-China trade negotiations (if any) could also trigger a correction.

“The strong rally could trigger a correction sooner rather than later, but the pattern over the past year suggests that the correction will not be large,” said Ole Hansen, head of commodity strategy at Saxo Bank.

State Bank continues to increase USD exchange rate

At the end of the trading session on April 17, the central exchange rate announced by the State Bank was 24,893 VND, down 6 VND compared to the previously listed rate.

Applying a 5% margin, the current USD exchange rate that commercial banks are allowed to trade is from 23,648 VND to 26,138 VND.

The domestic USD exchange rate increased again with a common increase of 40-80 VND, bringing the buying price to 25,670-25,700 VND/USD and the selling price fluctuated in the range of 26,050-26,080 VND/USD.

On the "black market", the USD is traded at 26,200-26,300 VND (buy - sell), the buying price increased by 60 VND and the selling price increased by 70 VND.

Source: https://dantri.com.vn/kinh-doanh/gia-vang-vuot-120-trieu-dongluong-cao-nhat-tu-truoc-den-nay-20250417224045795.htm