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Long-term outlook tends to be bullish

Việt NamViệt Nam05/04/2025


Closing price of gold today, April 5, 2025 in the domestic market

Gold price today April 5, 2025 recorded a strong decline across the domestic market, spreading from major brands such as SJC, PNJ, DOJI to smaller units such as Mi Hong. Today, the downward trend was clear in both buying and selling directions, creating a volatile and dramatic trading session. From gold bars, gold rings to jewelry, no segment escaped the downward pressure, causing investors to be cautious before important decisions. The latest update of gold price today April 5, 2025 shows that the market is under great pressure, promising unpredictable developments during the day.

In Hanoi, the listed price of SJC gold bars was VND97.1 million/tael (buy, down VND1.7 million/tael) and VND100.1 million/tael (sell, down VND1.2 million/tael) compared to yesterday. DOJI Group is also not out of the downward trend, with AVPL/SJC gold prices in Hanoi, Ho Chi Minh City and Da Nang reaching VND97.1 million/tael (buy, down VND1.7 million/tael) and VND101.3 million/tael (sell, down VND900,000/tael). 9999 gold material at DOJI decreased more sharply, reaching VND96.5 million/tael (buy, down VND1.8 million/tael) and VND99.2 million/tael (sell, down VND1.4 million/tael). This downtrend covers the market, leaving no signs of sideways movement.

PNJ on the afternoon of April 5, 2025 was also immersed in a wave of price reduction. PNJ gold bar prices in Ho Chi Minh City, Hanoi, Da Nang and the Western region were listed at VND 97.5 million/tael (buy, down VND 1.2 million/tael) and VND 100.1 million/tael (sell, down VND 1.2 million/tael). SJC gold at PNJ decreased more deeply in the buy direction, reaching VND 97.1 million/tael (down VND 1.7 million/tael), while the sell price remained at VND 100.1 million/tael (down VND 1.2 million/tael). PNJ jewelry products were also heavily affected, with 999.9 gold decreasing by 1.2 million VND/tael to 97.5 million VND/tael (buy) and 100 million VND/tael (sell), 916 gold (22K) decreasing by 1.1 million VND/tael to 89.2 million VND/tael (buy) and 91.7 million VND/tael (sell), and 750 gold (18K) decreasing by 900 thousand VND/tael, listed at 72.65 million VND/tael (buy) and 75.15 million VND/tael (sell).

In Mi Hong, the gold price this morning decreased slightly but still could not avoid the general trend, with the buying price reaching 98.7 million VND/tael (down 300 thousand VND/tael) and the selling price at 100.5 million VND/tael (down 700 thousand VND/tael). Bao Tin Minh Chau recorded a sharp decrease, the buying price down to 97.2 million VND/tael (down 1.6 million VND/tael) and the selling price reaching 100.1 million VND/tael (down 1.2 million VND/tael). Phu Quy also plummeted with the buying price down 1.5 million VND/tael to 97.1 million VND/tael and the selling price down 1.2 million VND/tael, reaching 100.1 million VND/tael.

At Vietinbank Gold, the gold price today, April 5, 2025, witnessed a significant decrease in the selling price, listed at 100.1 million VND/tael (down 1.2 million VND/tael). Meanwhile, SJC 99.99% gold rings at the SJC system decreased by 1.7 million VND/tael in the buying price (97.1 million VND/tael) and from 1.2 million VND/tael to 1.3 million VND/tael in the selling price (100 - 100.13 million VND/tael, depending on the type). SJC jewelry also did not escape the downward trend, with 99.99% gold decreasing by 1.6 million VND/tael in the buying price (97 million VND/tael) and 1.2 million VND/tael in the selling price (99.7 million VND/tael).

Closing price of gold on April 5, 2025: The gold market this afternoon shows a picture of a comprehensive price decrease, from major brands to jewelry products. The latest update of gold price today, April 5, 2025, reflects a sharp decline, forcing investors to closely monitor to seize opportunities or avoid risks. With the overall downward trend, the closing price of gold on April 5, 2025 promises to be a hot spot, opening up unexpected developments in the following trading sessions.

Closing price of gold on April 5, 2025 Long-term outlook still shows an upward trend
Closing price of gold on April 5, 2025: Long-term outlook still shows an upward trend

As of 7:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold ring at DOJI is listed at 96.7 - 100.1 million VND/tael (buy - sell);

Bao Tin Minh Chau listed the price of gold rings at 97.5 - 100.5 million VND tael (buy - sell); down 1.5 million VND/tael for buying and down 1.1 million VND/tael for selling.

The latest gold price update table today, April 5, 2025 is as follows:

Gold price today
BuySell
SJC in Hanoi 97.1 ▼1700 100.1 ▼1200
DOJI Group 97.1 ▼1700 100.1 ▼1200
Red Eyelashes 98,700 ▼300
100.5 ▼700
PNJ 97.1 ▼1700 100.1 ▼1200
Vietinbank Gold 100.1 ▼1200
Bao Tin Minh Chau 97.2 ▼1600
100.1 ▼1200
Phu Quy 97.1 ▼1500
100.1 ▼1200
1. DOJI - Updated: April 5, 2025 19:00 - Source website time - ▼/▲ Compared to yesterday.
Type
Buy Sell
AVPL/SJC HN 97,100
▼1700
101,300
▼900
AVPL/SJC HCM 97,100
▼1700
101,300
▼900
AVPL/SJC DN 97,100
▼1700
101,300
▼900
Raw material 9999 - HN 96,500
▼1800
99,200
▼1400
Raw material 999 - HN 96,400
▼1800
99,100
▼1400
2. PNJ - Updated: April 5, 2025 19:00 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
HCMC - PNJ 97,500 ▼1200K 100.100 ▼1200K
HCMC - SJC 97,100 ▼1700K 100.100 ▼1200K
Hanoi - PNJ 97,500 ▼1200K 100.100 ▼1200K
Hanoi - SJC 97,100 ▼1700K 100.100 ▼1200K
Da Nang - PNJ 97,500 ▼1200K 100.100 ▼1200K
Da Nang - SJC 97,100 ▼1700K 100.100 ▼1200K
Western Region - PNJ 97,500 ▼1200K 100.100 ▼1200K
Western Region - SJC 97,100 ▼1700K 100.100 ▼1200K
Jewelry gold price - PNJ 97,500 ▼1200K 100.100 ▼1200K
Jewelry gold price - SJC 97,100 ▼1700K 100.100 ▼1200K
Jewelry gold price - Southeast PNJ 97,500 ▼1200K
Jewelry gold price - SJC 97,100 ▼1700K 100.100 ▼1200K
Jewelry gold price - PNJ 999.9 Plain Ring 97,500 ▼1200K
Jewelry gold price - Jewelry gold 999.9 97,500 ▼1200K 100,000 ▼1200K
Jewelry gold price - Jewelry gold 999 97,400 ▼1200K 99,900 ▼1200K
Jewelry gold price - Jewelry gold 9920 96,800 ▼1190K 99,300 ▼1190K
Jewelry gold price - Jewelry gold 99 96,600 ▼1190K 99,100 ▼1190K
Jewelry gold price - 916 gold (22K) 89,200 ▼1100K 91,700 ▼1100K
Jewelry gold price - 750 gold (18K) 72,650 ▼900K 75,150 ▼900K
Jewelry gold price - 680 gold (16.3K) 65,650 ▼820K 68,150 ▼820K
Jewelry gold price - 650 gold (15.6K) 62,650 ▼780K 65,150 ▼780K
Jewelry gold price - 610 gold (14.6K) 58,650 ▼730K 61,150 ▼730K
Jewelry gold price - 585 gold (14K) 56,150 ▼700K 58,650 ▼700K
Jewelry gold price - 416 gold (10K) 39,250 ▼500K 41,750 ▼500K
Jewelry gold price - 375 gold (9K) 35,150 ▼450K 37,650 ▼450K
Jewelry gold price - 333 gold (8K) 30,650 ▼400K 33,150 ▼400K
3. SJC - Updated: 04/05/2025 19:00 - Time of the source website - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 97,100 ▼1700K 100.100
▼1200K
SJC gold 5 chi 97,100 ▼1700K 100,120
▼1200K
SJC gold 0.5 chi, 1 chi, 2 chi 97,100 ▼1700K 100,130
▼1200K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 97,100 ▼1700K 100,000
▼1200K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 97,100 ▼1700K 100.100
▼1200K
Jewelry 99.99% 97,000 ▼1600K 99,700
▼1200K
Jewelry 99% 95,712
▼1,188K
98,712
▼1,188K
Jewelry 68% 64,952
▼816K
67,952
▼816K
Jewelry 41.7% 38,729
▼500K
41,729
▼500K

Closing price of gold today, April 5, 2025, world market

At the time of trading at 7:00 p.m. on April 5, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,035.92 USD/ounce. Converted according to the USD exchange rate on the free market (25,960 VND/USD), the world gold price is equivalent to about 96.05 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (97.1-100.1 million VND/tael), the SJC gold price is currently about 4 million higher than the international gold price.

Gold prices fell more than 3% on April 5, wiping out the previous week's gains. This happened as many investors sold gold to cover losses from a larger collapse in global markets, caused by the increasingly tense trade war between countries, raising fears that the world economy could fall into recession. Specifically, the spot price of gold fell 2.9% to $ 3,024.2 per ounce in the late afternoon. Earlier in the day, it hit a low of $ 3,015.29, although just the day before, it hit a record $ 3,167.57. However, the price of gold still held the average of $ 3,023 over the past 21 days, showing that it has not completely lost momentum.

The reason for the heavy selling is that gold is seen as an easy way to raise cash when investors are struggling with other investments. Standard Chartered's Suki Cooper explained that when markets are in turmoil, gold is often sold to cover other financial issues, and this is not unusual. Despite the sharp decline on the day, gold is still up 15.3% since the beginning of the year, thanks to heavy central bank purchases and its perceived status as a safe haven during economic or political uncertainty. Matt Simpson, an expert at City Index, agreed that gold is still a reliable choice for many people at the moment.

Meanwhile, global stock markets also plunged for two consecutive days, with the S&P 500 and Nasdaq indexes in the US each falling about 5%. The reason is that China has just imposed an additional 34% tariff on US goods from April 10, in response to the tariffs recently announced by US President Donald Trump. US Federal Reserve Chairman Jerome Powell said that these new tariffs are larger than expected, which could push up prices and slow economic growth. The US dollar also strengthened by 0.7%, making gold - which is priced in dollars - more expensive for foreign buyers.

Better-than-expected US jobs data also weighed on sentiment. Alex Ebkarian of Allegiance Gold said this could keep the Fed from cutting rates too soon. When interest rates are high, bank deposits or bonds are more attractive, making gold less attractive because it does not yield the same return as other investments. However, gold tends to “like” low interest rates, so if the Fed keeps rates high for a long time, gold prices could come under pressure. Other metals such as silver, which fell 7.3% to $29.54 an ounce, platinum, which fell 3.6% to $918.35, and palladium, which fell 2% to $909.75, are all heading for their worst weekly performance in a long time. However, gold is expected to retain its appeal due to its safe-haven status over the long term.

Gold Futures News, Trends: Long-Term Outlook Still Shows Uptrend

Gold prices are currently facing a lot of pressure, making it difficult to predict. According to experts, strong profit-taking psychology from investors has led to a large sell-off, pushing world gold prices down sharply. Up to now, the international gold price converted to the domestic exchange rate is about 95 million VND/tael. However, this is not the whole story, because since the beginning of the year, gold has maintained an impressive increase of about 15.3%. The main reason is that central banks around the world are actively buying and many people see gold as a safe place to deposit their assets when the global economy and politics are unstable.

Despite the volatility in gold prices, Matt Simpson, an expert at City Index, remains optimistic that gold has not lost its appeal. For many investors, it remains a reliable “haven” in the midst of economic storms. However, things are not all smooth sailing. US Federal Reserve Chairman Jerome Powell recently warned that new tariffs imposed by President Trump are higher than expected, which could lead to higher prices and slower economic growth. In addition, the US dollar strengthened by 0.7%, making gold – which is priced in dollars – more expensive for foreign buyers. This puts further pressure on gold prices in the short term.

Looking further, the long-term outlook for gold remains positive. Although it may continue to fluctuate in the coming days or weeks due to economic and political influences, gold is expected to increase in price in the long term. Its role as a safe haven asset in an uncertain world is hard to replace. In the domestic market, SJC gold prices often follow the world trend. Therefore, in the morning trading session on April 6, SJC gold prices are likely to decrease, reflecting the plunge in international gold prices. However, if you are thinking of long-term investment, this may be an opportunity to consider, as gold still promises to maintain its value in the future.



Source: https://baoquangnam.vn/chot-phien-gia-vang-ngay-5-4-2025-trien-vong-dai-han-van-cho-thay-xu-huong-tang-3152197.html

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