After a day of decline, gold prices skyrocketed again

SJC gold bar price today increased to 4 million VND/tael - Photo: THANH HIEP

Gold prices close to regaining lost ground

At 11am, the selling price of SJC gold bars was 118 million VND/tael, buying price was 116 million VND/tael, an increase of 4 million VND/tael in both buying and selling prices.

The price of 9999 gold rings increased by 2 million VND/tael, to 115.5 million VND/tael, buying at 112.5 million VND/tael.

At PNJ Company, the buying and selling price of SJC gold bars also increased to the same level as the gold price at SJC Company, selling at 118 million VND/tael, buying at 116 million VND/tael.

The selling price of 9999 gold rings at PNJ Company increased by 2.1 million VND/tael, up to 115.6 million VND/tael, and the buying price increased by 2.5 million VND/tael, up to 112 million VND/tael.

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

Notably this morning, the buying price of gold rings increased higher than the selling price. This is a sign that the market is in an upward trend.

Meanwhile, the world gold price increased sharply this afternoon, at one point reaching 3,384 USD/ounce - also an all-time record.

Then at 11am, the world gold price slightly decreased to 3,375.1 USD/ounce. Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 106.08 million VND/tael.

Compared to the converted world gold price, the price of SJC gold bars is 11.92 million VND/tael higher.

Why did the world gold price set a record?

World gold prices increase rapidly - Screenshot

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

Japan was the first country to initiate trade talks with the US but no agreement has been reached. Uncertainty over Trump’s tariff policy is just one of the factors supporting gold prices at the moment.

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. Not to mention, gold is also popular because of its high liquidity.

Therefore, in the coming time, the gold price will likely decrease by 5-7%, but the general trend is still upward.

Please follow the domestic gold price developments here.

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Source: https://tuoitre.vn/sau-mot-ngay-lao-doc-gia-vang-lai-tang-vot-20250421113259785.htm