Gold price today 1/4: Safe storage, gold continues to increase in price

Gold price today 1/4 in the international market continued to increase despite the US dollar’s rebound and the decline in oil prices.

Domestic gold price

Up to 14:36′ on April 1, the price of 9999 gold of SJC decreased by 150 thousand dong compared to the morning. Specifically, the gold price of 9999 was traded by Doji Jewelry Group and SJC as follows:

SJC and DOJI gold price list updated at 14:36′ on April 1st

Open the market on 1/4SJC’s gold price of 9999 in Hanoi today increased by 300 thousand dong in the buying and selling afternoon compared to the end of yesterday’s session. Specifically, at 9:20 am on April 1, 9999 gold was traded by Doji Jewelry Group and SJC as follows:

SJC and DOJI gold price list updated at 9:20 am on April 1st

At the end of the trading session on March 31, the domestic gold price of 9999 was listed by SJC and Doji Jewelry Group in the order of buying and selling as follows:

SJC Hanoi: 68.15 million VND/tael – 68.87 million VND/tael

SJC HCMC: 68.15 million VND/tael – 68.85 million VND/tael

Doji Hanoi: 67.90 million VND/tael – 68.85 million VND/tael

Doji Ho Chi Minh City: 67.90 million VND/tael – 68.80 million VND/tael

International gold price

At 9:25 am today (April 1, Vietnam time), the world spot gold price stood around the threshold of 1,935.6 USD/ounce, down 5.4 USD/ounce compared to last night. Gold futures for May delivery on the Comex New York exchange were at $1,941.8 per ounce.

World gold price movement

On the night of March 31 (Vietnam time), the world spot gold price stood around the threshold of 1,941 USD/ounce. Gold for June delivery on the Comex New York exchange was at $1,944 an ounce.

World gold price The night of March 31 was about 2.4% higher (US$46/ounce) than at the beginning of 2021. World gold converted to bank dollars was priced at 54.4 million VND/tael, excluding taxes and fees, low. about 14.4 million dong/tael higher than the domestic gold price by the end of the afternoon session on March 31.

Gold price today 1/4: Still a safe channel, gold continues to increase in price

Gold prices in the international market continued to increase despite the US dollar rebounding and oil prices falling.

Concerns about inflation are still present and the need to find a safe investment channel is still present.

However, there are signs that the prices of some important commodities are falling. Burning prices fell quite quickly as demand in Europe and China fell. China and many EU countries are struggling with a new variant strain of Covid-19 as they are spreading rapidly. Meanwhile, China has in recent days shut down much of the city of Shanghai.

On the domestic market, gold recorded a rare month with 3 new records in price and in terms of difference with world prices. The domestic gold price sometimes reached 74.4 million VND/tael. The price difference sometimes reaches over 15 million VND/tael.

Gold price forecast

Currently, gold is struggling in 2 trends. Many expect gold to continue rising due to geopolitical and inflationary risks. Meanwhile, some people fear that this item will decrease because interest rates in many countries around the world may increase rapidly.

Gold’s uptrend is also limited as peace talks in Ukraine continue to have positive signals. The bears may be betting on hopes of a deal to end the Ukraine conflict.

Gold is also under pressure when the virtual currency market is active again. Bitcoins is moving towards the threshold of 50,000 USD.

V. Minh