The price of gold remained unchanged on Sunday, April 20, 2025, due to the market being closed for the weekend, but the trends leading up to this day have sparked significant interest among investors. On April 19, 2025, the domestic gold market experienced a dramatic decline across major brands such as SJC, PNJ, DOJI, Phú Quý, and Bảo Tín Minh Châu, with the exception of Mi Hồng, which recorded a slight increase.
In Hanoi, the SJC gold listed by Saigon Jewelry Company closed at 112 million VND/tael (buying, down 5 million VND) and 114 million VND/tael (selling, down 6 million VND) compared to the previous day. This downward trend was echoed in Ho Chi Minh City, Da Nang, and the Mekong Delta, with DOJI announcing similar prices, reaching 112 - 114 million VND/tael (down 5 - 6 million VND).
DOJI's 9999 raw gold also felt the pressure, decreasing by 5.5 million VND, trading at 109.3 - 112.6 million VND/tael. The pressure to lower prices was not limited to gold bars; gold jewelry and plain rings at PNJ also saw significant reductions. The 999.9 gold jewelry closed at 109.5 million VND/tael (buying, down 4 million VND) and 112 million VND/tael (selling, down 4 million VND).
Plain rings from PNJ, Kim Bảo gold, and Phúc Lộc Tài 999.9 all dropped, trading at 109.5 - 113.5 million VND/tael (down 3.5 - 4.5 million VND). Notably, 18K gold at PNJ decreased by 3 million VND, reaching 76.65 - 84.15 million VND/tael, and 14K gold dropped by 2.34 million VND, hitting 58.17 - 65.67 million VND/tael.
Despite the overall decline, Mi Hồng stood out as an exception, witnessing a slight increase of 500,000 VND, reaching 111.5 - 114 million VND/tael. This small uptick attracted investor attention amid a sea of declines. However, questions lingered: Could Mi Hồng maintain its momentum, or was it merely a fleeting surge before the market continued its downward trend?
Other major brands could not escape the falling prices either. Phú Quý reported SJC gold prices at 110.5 - 114 million VND/tael (down 5.5 - 5 million VND), while Bảo Tín Minh Châu noted 112 - 114 million VND/tael (down 5 - 6 million VND). Vietinbank Gold also made headlines with a selling price drop of 6 million VND, now at 114 million VND/tael.
As of 18:00 on April 19, 2025, the world gold price, according to Kitco, was at 3,326.63 USD/ounce. When converted at the free market USD exchange rate (25,960 VND/USD), the world gold price amounts to approximately 105.25 million VND/tael. Comparatively, the domestic SJC gold was about 8.75 million VND higher than the international gold price.
The global gold price remained elevated, reaching around 3,327 USD/ounce, equivalent to over 105 million VND per tael, excluding taxes and fees. Kitco News reported that gold had previously hit a record high of 3,350 USD/ounce on April 17, 2025, but some investors began selling off gold to realize profits, especially with the market temporarily closing for the Easter holiday.
One significant factor bolstering the strength of gold prices worldwide is the weakening of the USD, which is currently at its lowest level in three years, at just 99.49 points. As the dollar depreciates, gold typically becomes more appealing as a safe-haven asset. Christopher Vecchio, an expert from Tastylive.com, noted that the unstable trade policies of U.S. President Donald Trump have contributed to the dollar's weakness, paving the way for gold prices to continue rising, particularly as the world faces numerous economic uncertainties.
Although gold prices may fluctuate in the short term, experts remain confident that gold will continue to be a reliable choice for many. With the global economic landscape still unstable, gold is perceived as a safe harbor for asset protection.
As Sunday, April 20, 2025, approaches, it is crucial to note that gold prices will not change due to the weekend market closure. However, reflecting on the current situation is essential to understand the buzz surrounding gold prices and anticipate what may occur when the market reopens on Monday.
Today, April 19, 2025, the world gold price stands at a staggering 3,327 USD/ounce, translating to over 105 million VND/tael when converted to Vietnamese currency. In simple terms, gold is currently more expensive than ever, and interest in acquiring it is soaring globally. Why is this happening? The answer lies in the weakening of the U.S. dollar, akin to losing value in your wallet. In such times, gold becomes a secure means to retain wealth, akin to a sturdy safe amid a storm.
Moreover, global disruptions, from U.S. trade policies to the stock market's rollercoaster ride, have made gold a sought-after asset, perceived as a trustworthy ally during turbulent times. Domestically, SJC gold prices typically follow global trends. Today, the local gold market is experiencing declines, as some investors sell off to secure profits, indicating a slight drop when the market opens on Monday.
Picture gold as a massive wave: it has just surged to a peak but may pull back slightly before rising again. Experts predict that gold could reach $3,500 in the upcoming weeks, suggesting that domestic gold prices may also return to a strong upward trend.
However, since tomorrow is Sunday, there’s no immediate need to worry about price changes. The gold market on April 20, 2025, remains a focal point of interest, and even with the market temporarily closed, it is a prime opportunity for individuals to learn more about trends, especially if they are considering buying or selling gold. Stay tuned for next week, as global fluctuations could push gold prices even higher. Think of gold as a lifebuoy: when the seas get rough, everyone wants to have one for peace of mind.
As the market prepares to reopen, the gold price on April 20, 2025, could bring significant surprises, so don’t miss out!
