Gold price this afternoon April 3, 2025: Domestic and world gold prices slightly decreased after a morning of panic

Domestic gold price this afternoon April 3, 2025

At the time of survey at 4:00 p.m. on April 3, 2025, the domestic gold price decreased slightly compared to the morning, but overall still increased by over 102 million compared to the closing price yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 99.5-102.2 million VND/tael (buy - sell), an increase of 400 thousand VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 99.5-102.2 million VND/tael (buy - sell), an increase of 400 thousand VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 100.2-101.7 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 1.1 million VND/tael for buying and 200 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 99.5-102.2 million VND/tael (buying - selling), an increase of 400 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price in Phu Quy is traded by businesses at 99.4-102.2 million VND/tael (buy - sell), gold price increased by 700 thousand VND/tael for buying - increased by 500 thousand VND/tael for selling compared to yesterday.

As of 4:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 99.3-102.2 million VND/tael (buy - sell); an increase of 600,000 VND/tael in buying - an increase of 800,000 VND/tael in selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 99.6-102.6 million VND/tael (buy - sell); increased 800 thousand VND/tael in both buying and selling directions.

The latest gold price list this afternoon, April 3, 2025 is as follows:

World gold price this afternoon April 3, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:00 p.m. this afternoon, Vietnam time, was 3,128.55 USD/ounce. Today's gold price decreased by 4.48 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,910 VND/USD), the world gold price is about 99.46 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.74 million VND/tael higher than the international gold price.

Gold prices eased as investors booked profits after hitting a record high. The rally was fueled by a flight to safe-haven assets after US President Donald Trump imposed steep import tariffs, escalating an already tense global trade war.

World gold prices fell 0.4%, after previously hitting a record high of 3,160 USD. US gold futures also fell 0.7% to 3,145 USD.

US President Donald Trump announced a basic tax rate of 10% applied to all imported goods into the US, while increasingcounterpart taxfor a range of countries, including some of its largest trading partners. However, gold, energy and some minerals not available in the US are exempt from the tariffs.

According to financial analyst Kyle Rodda from Capital.com, one of the factors supporting gold prices is that "tariffs could slow the US economy, increasing the likelihood that the Federal Reserve (Fed) will cut interest rates in the future."

The Trump administration also confirmed that it will impose a 25% tariff on imported cars and trucks globally from April 3, and a tax on auto parts from May 3.

Matt Simpson, an expert at City Index, commented: "Gold is in a strong price rally, making investors waiting to buy feel impatient. Until there is a big enough move to cause a shock, this trend is likely to continue."

Gold, seen as a hedge against political and financial risks, has gained more than 19% since the start of the year thanks to factors such as trade tensions, potential interest rate cuts, geopolitical conflicts and buying demand from central banks.

“Many traders expect Trump’s policies will cause central banks to shift reserves into gold instead of dollar-denominated assets,” Rodda added. Markets are now turning their attention to Friday’s US non-farm payrolls report for clues on the Fed’s monetary policy.

Besides gold, silver price fell 2.8% to 33.07 USD/ounce, platinum price decreased 1.5% to 968.37 USD, while palladium price lost 1.4% to 956.50 USD.

Gold price forecast

Tai Wong, an independent metals trader, told CNBC that the latest retaliatory tariffs were much stronger than expected, leading to a sell-off in the asset market. The US dollar also weakened significantly. According to him, the outlook for gold prices is very positive, with a new short-term target of $3,200 an ounce.

Ryan McIntyre, senior portfolio manager at Sprott Asset Management, also said that gold prices are on an upward trend, due to the increase in physical gold holdings by ETFs, combined with steady buying from central banks.

Many experts believe that the Trump administration's tariff policies could cause inflation in the US to rise and even push the economy into recession. In a context of instability, investors tend to seek gold as a safe haven.

Goldman Sachs recently raised the probability of a recession in the US from 20% to 35%, and predicted that the Fed will continue to cut interest rates in the near future.

Peter Grant, vice president and metals strategist at Zaner Metals, said: "If gold prices break through the resistance level of $3,147 - $3,150, there is a high possibility of continuing to increase to $3,200, even opening the way for further targets such as $3,300 or $3,500."

In addition, the US ADP private employment report showed a sharp increase in the number of workers in March. Some experts also noted that the ADP employment data does not fully reflect the situation of the US labor market. Recent layoffs, if they happen as expected, could drag down the official non-farm payroll results to be announced on Friday.

According to a report from reputable brokerage firm SP Angel, the market is paying special attention to the possibility of China devaluing the yuan to deal with the trade war with the US. Similar moves happened in 2005 and 2015. SP Angel also predicted that China may cut interest rates this year to support the struggling economy.

Technically, the bulls still hold a strong advantage in the June gold futures market. The next target for the bulls is to push the price above the solid resistance at $3,200. Meanwhile, the bears are aiming to push the price below the important technical support at $3,031.

The immediate resistance levels are seen at the record high of $3,177 and then at $3,200. On the support side, the overnight low of $3,135.70 and this week's low of $3,112.40 will be the points to watch. The Wyckoff Market Rating Index currently stands at 9.5/10, suggesting that the uptrend remains very strong.