World gold prices, SJC gold simultaneously plummeted

At 8:30 a.m. on April 25, the price of SJC gold was listed by Saigon Jewelry Company (SJC) to buy 69.5 million dong/tael, sell out 70.2 million dong/tael – down about 200,000 VND/tael compared to yesterday.

Some other businesses lowered the selling price of SJC gold stronger, to 70.1 million dong/tael, losing about 500,000 dong/tael compared to the peak price of last Friday.

The price difference between buying and selling SJC gold was also narrowed to about 600,000 – 700,000 VND/tael.

While, gold price jewelry, 24K gold ring prices of all kinds were traded around 55.45 million VND/tael bought in, 56.35 million VND/tael sold, down 150,000 VND/tael compared to yesterday.

Gold price fell sharply today as soon as it opened

Thus, today’s gold price in the domestic market fell sharply for both jewelry gold and SJC gold, in the context that the world gold price also continued to plunge sharply right at the opening of the trading week.

By 8:30 am, according to Vietnam time, today’s gold price in the international market was trading at 1,927 USD/ounce, down 5 dong/USD compared to the closing price of last week. Thus, today’s gold price continues to go down after “evaporating” above 40 USD/ounce in the past week.

Gold prices are under downward pressure in the context that the US Federal Reserve (FED) has just announced that it may accelerate the progress of further basic interest rate hikes this year, after having increased by 0.25 points. % in last March. The fact that the Fed raises interest rates to control rising inflation in this country will have a negative impact on the gold market.

Gold price today fell for both SJC gold and jewelry gold

The movement of gold prices in recent days has made analysts worried that gold prices will be difficult to rise again in the short term, although investors are still more optimistic about this precious metal, according to the results of a survey on trends. Kitco’s gold price this week.

Currently, the world gold price converted at the listed exchange rate is about 53.7 million dong/tael, 16.5 million dong/tael lower than the SJC gold price and 2.5 million dong/tael lower than the jewelry gold price. .