Gold price today April 1: Domestic and world gold prices increase, extending record streak

Domestic gold price this afternoon April 1, 2025

As of 3:30 p.m. this afternoon, April 1, 2025, domestic gold prices increased rapidly to exceed 102 million VND/tael, but the buying price decreased slightly, specifically:

At Saigon Jewelry Company (SJC), the price of gold bars was listed at 99.4 million VND/tael (buy) and 102.1 million VND/tael (sell). This afternoon's gold price decreased by 100 thousand VND/tael in the buying direction - increased by 300 thousand VND/tael in the selling direction compared to the end of yesterday's trading session.

DOJI system listed SJC gold at buying price of 99.4 million VND/tael and selling price of 102.1 million VND/tael. This price decreased by 100 thousand VND/tael for buying - increased by 300 thousand VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, SJC gold is bought at 99.8 million VND/tael and sold at 101.3 million VND/tael. Thus, compared to yesterday's session, gold price increased by 500 thousand VND/tael in buying price and increased by 300 thousand VND/tael in selling price.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 99.4 million VND/tael (buy) and 102.1 million VND/tael (sell). This price decreased by 100 thousand VND/tael in buying - increased by 300 thousand VND/tael in selling compared to yesterday.

The latest gold price list today, April 1, 2025 is as follows:

The current buying price of SJC 9999 gold rings is 99.2 million VND/tael and the selling price is 101.5 million VND/tael. The buying price of gold rings increased by 200 thousand VND/tael - the selling price increased by 300 thousand VND/tael compared to the closing price of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price is 99.6 million VND/tael and the selling price is 102.1 million VND/tael, an increase of 400 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings close to 101 million VND, at 99.8-102.3 million VND/tael (buy - sell); the price increased by 200 thousand VND/tael for buying - increased by 400 thousand VND/tael for selling.

World gold price this afternoon April 1, 2025

As of 3:30 p.m. this afternoon, April 1, the world gold price was listed at 3,123.32 USD/ounce, an increase of 9.61 USD/ounce compared to the close of yesterday's trading session.

World gold prices continued to rise rapidly and strongly, reaching an all-time high as investors rushed to buy gold as a safe asset against risks from US tariff policies. US gold futures prices increased slightly by 0.1% to 3,153.40 USD.

The main reason for the sharp increase in gold prices in the past two days is due to market concerns about US President Donald Trump's new tax plan, expected to be announced on April 2. Expert Yeap Jun Rong from IG commented: "Investors are being cautious and turning to gold to protect their portfolios against upcoming fluctuations."

This uncertainty could continue to push gold prices higher in the coming period, with many predicting prices could reach $3,200. In the first quarter of 2025 alone, gold recorded its strongest growth since 1986, surpassing $3,100 an ounce. This is one of the most impressive price increases in the history of this precious metal.

In addition to tariffs, gold prices are also supported by strong buying demand from central banks, expectations of the US Federal Reserve (Fed) cutting interest rates, geopolitical tensions in the Middle East and Europe, and money flowing into gold ETFs.

Technically, the RSI for gold is currently above 70, suggesting the market is overbought. However, according to KCM Trade expert Tim Waterer, trade tensions are unlikely to subside after April 2, especially with the US preparing to impose auto tariffs on April 3.

This, coupled with economic uncertainty, will keep gold prices attractive even if there is a correction. This week, the market will also pay attention to US economic data such as the employment report (April 2) and non-farm data (April 5).

Meanwhile, silver prices fell 0.7% to $33.83 an ounce, platinum prices fell 0.9% to $984.25. In contrast, palladium prices rose slightly by 0.4% to $986.79.

Gold price forecast

According to Capital Economics, the main reason central banks are buying more gold is not because they want to reduce their dependence on the US dollar, but because they increasingly see gold as a safe haven in times of uncertainty. This perception is driving buying and could push the price of gold above $3,300 an ounce by the end of 2025.

Leading investment banks such as Morgan Stanley, Citigroup and Goldman Sachs have all issued optimistic forecasts for gold prices in 2025 and beyond. The gold price rally shows no signs of slowing down, even as new factors emerge to support prices at current record levels.

Amy Gower, metals strategist at Morgan Stanley, said the gold rally has been building for a long time. Every time analysts predicted a peak, gold continued to move higher.

Morgan Stanley predicts gold prices could rise to $3,300 to $3,400 an ounce this year. However, rising prices too quickly could dampen jewelry demand as consumers are on a budget. Even central banks, like the Reserve Bank of India, paused gold purchases in December and February.

The fundamentals still support gold's rise, said Max Layton, global head of commodities research at Citigroup. Citigroup forecasts gold prices could reach $3,200 an ounce in the next few months and even $3,500 if the U.S. economy weakens sharply.

Mr Layton stressed that US trade policy, especially tariffs under President Trump, could be an important factor driving gold prices. If these measures are implemented, they could slow US economic growth, causing investors to seek gold as a safe haven.

Goldman Sachs has revised its 2025 gold price forecast to $3,300 an ounce, up from $3,100 previously. However, in a highly stressed market scenario, gold could surpass $4,200 by the end of 2025 and even $4,500 by 2026.