Hot: World gold price increases rapidly, surpassing 3,400 USD/ounce

World gold price exceeds 3,400 USD/ounce tonight - Screenshot

World gold price increased by more than 100 USD/ounce

Compared to last weekend, the world gold price increased by 101 USD/ounce, equivalent to 3.17 million VND/tael. Then the world gold price decreased slightly to 3,411.5 USD/ounce at 10:00 p.m. tonight.

Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 108.2 million VND/tael.

The world gold price today set an all-time record due to the sharp decline of the USD. In addition, the gold price continues to be supported by the demand for risk prevention in the context of the still tense trade war.

Last week, Japan became the first country to launch trade negotiations with the United States but no agreement has been reached.

The uncertainty from Mr. Trump's tariff policy is one of the factors supporting gold prices at the present time.

In addition, according to experts, if the current situation continues, it will lead to the risk of economic recession or stagflation - economic scenarios that are beneficial for gold prices.

Domestic gold price increases more slowly, why?

Domestic gold price today has narrowed the gap with world gold price - Photo: THANH HIEP

A notable development is that throughout today, the world gold price increased continuously, but the price of SJC gold bars, after setting the first price of the day at 118 million VND/tael (sell) and 116 million VND/tael (buy), remained almost unchanged throughout today.

Meanwhile, the price of gold rings increased by half a million VND/tael following the increase in world gold prices.

At the end of today, the selling price of 9999 gold rings at SJC Company increased to 116 million VND/tael, buying price 113 million VND/tael, an increase of 500,000 VND/tael in both selling and buying directions.

Similarly, at PNJ Company, the buying and selling price of SJC gold bars remained unchanged throughout the day, while the selling price of 9999 gold rings at PNJ Company increased by VND1.3 million/tael compared to the morning, to VND116.9 million/tael. The buying price increased by VND1.5 million/tael to VND113.5 million/tael.

Thus, the price of PNJ gold rings has increased by a total of 3.8 million VND/tael in the selling price today.

At Bao Tin Minh Chau Company, the selling price of 9999 gold rings increased rapidly to 118 million VND/tael, the buying price increased by 3.5 million VND/tael, to 114.5 million VND/tael.

Compared to the converted world gold price, the price of SJC gold bars is 9.8 million VND/tael higher while the price of gold rings is 7.8 - 8.8 million VND/tael higher.

Please follow the domestic gold price developments here.

Some more subjects related to gold price are about to be prosecuted?

This afternoon, April 21, in Can Tho, Prime Minister Pham Minh Chinh and the National Assembly Delegation of Can Tho City met with voters who are representatives of business associations, young entrepreneurs' associations, women entrepreneurs' associations and typical businesses in the area before the 9th session of the 15th National Assembly.

At this meeting, jewelry businesses in Can Tho City reported to Prime Minister Pham Minh Chinh many problems still existing in the current gold market. Prime Minister Pham Minh Chinh said that recently, the world gold price has increased, the domestic gold price has also increased.

The Government is revising Decree 24/2012/ND-CP on the management of gold trading activities.

"Recently, the police have also initiated a case at Saigon Jewelry Company (SJC), and there will be a number of other organizations in the near future. We request the Ministry of Public Security to investigate and handle businesses that hoard gold, inflate prices, evade taxes, and smuggle; resolutely do so, support those who do well, and punish those who commit crimes" - the Prime Minister emphasized.

Previously, on the evening of April 18, after many days of continuous increase in domestic gold prices and the gap between world gold prices by more than 15 million VND/tael, Deputy Prime Minister Ho Duc Phoc issued an urgent directive.

The Deputy Prime Minister requested the State Bank of Vietnam to preside over and coordinate with relevant agencies to closely monitor the situation and developments in the domestic and international financial, monetary, foreign exchange, and gold markets to promptly implement solutions as prescribed to stabilize the gold market.

According to the direction in this document, the State Bank must further strengthen inspection, examination and strictly handle violations according to regulations, not allowing profiteering, manipulation, price fixing, speculation... in the gold market.

At the same time, the State Bank proactively implemented communication measures to stabilize social psychology. After that, domestic gold prices decreased rapidly, helping to narrow the gap between domestic and world gold prices.

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Source: https://tuoitre.vn/nong-gia-vang-the-gioi-tang-nhu-vu-bao-vuot-3-400-usd-ounce-20250421222542028.htm