Gold price today April 16, 2025: Domestic and world gold prices continuously increased by nearly 110 million VND/tael

Domestic gold price today April 16, 2025

At the time of survey at 4:30 a.m. on April 16, 2025, domestic gold prices were continuously increasing, and if the increase continues this week, it is forecasted to reach 110 million VND/tael. Specifically:

DOJI Group listed the price of SJC gold bars at 105.5-108 million VND/tael (buy - sell), an increase of 500 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 105.5-108 million VND/tael (buy - sell), an increase of 500 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 106.5-108.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 800 thousand VND/tael for buying and 1 million VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 105.5-108 million VND/tael (buying - selling), an increase of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price in Phu Quy is traded by businesses at 104.8-108 million VND/tael (buy - sell), gold price increased by 800 thousand VND/tael for buying - increased by 500 thousand VND/tael for selling compared to yesterday.

As of 4:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 103.2-106.5 million VND/tael (buy - sell); an increase of 1.2 million VND/tael in buying - an increase of 1.5 million VND/tael in selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 104.1-107 million VND/tael (buy - sell); an increase of 1.5 million VND/tael for buying - an increase of 800 thousand VND/tael for selling compared to yesterday.

The latest gold price list today, April 16, 2025 is as follows:

World gold price today April 16, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 am today, Vietnam time, was at 3,220.25 USD/ounce. Today's gold price decreased by 3.78 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,040 VND/USD), the world gold price is about 102.12 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 5.88 million VND/tael higher than the international gold price.

World gold prices continued to rise, as investors flocked to the precious metal to avoid risks from US President Donald Trump's tariff policies. These moves could escalate trade tensions and slow global economic growth.

Specifically, spot gold prices increased 0.7%, after hitting a record high of 3,245.42 USD the previous day. Gold futures in the US also increased 0.6%, to 3,245.7 USD. According to analyst Giovanni Staunovo from UBS, market conditions are still favorable for gold prices to increase higher, but this process will not go smoothly and there may be temporary downward adjustments.

According to Jerry Prior, CEO of Mount Lucas Management, although gold is at a high price, there are still many factors supporting the upward trend. Currently, everything is too unpredictable, there is no formula to apply. That makes gold a safe investment channel chosen by many people.

Gold prices, though high, are not “too expensive” in the current context, he said, adding that the value reflects what is happening in the market, and with the current uncertainty, any forecast can change in an hour.

The US government is stepping up investigations into pharmaceutical and semiconductor imports with a view to imposing new tariffs. President Trump also announced that tariffs on imported semiconductors will be announced next week. Gold, considered a safe haven asset in times of uncertainty, has been on an upward trend since last year. Since the beginning of 2025, the price of gold has increased by more than 23% and has continuously set new records.

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said the US economy is in a "pause" due to uncertainties from tax policy and other government decisions. He said the Fed should keep interest rates unchanged until there is more clarity.

Investors now expect the Fed to cut interest rates by about 83 basis points this year. In addition, data from the World Gold Council (WGC) shows that inflows into gold ETFs in China in April exceeded the total investment in the entire first quarter of the year, even higher than those of funds listed in the US.

High inflation, slow economic growth and political instability will continue to support gold demand from investors and central banks, Staunovo said. In addition, China's granting of additional gold import quotas also contributed to the increase in gold prices.

In other precious metals markets, silver prices held steady at $32.36 an ounce, platinum rose 0.6% to $957.10, and palladium edged down 0.4% to $952.23.

Gold price forecast

Technically, the June gold futures contract remains in a strong short-term uptrend. The buyers (the “bulls”) are clearly in control and the next target is to push the price above the important resistance level at $3,300/ounce.

On the other hand, the bears will look to push the price below the strong support at $3,100 to reverse the trend. Currently, the levels to watch include the first resistance at the contract high of $3,263, followed by $3,275. The first support level is at Friday’s low of $3,193.40, followed by $3,160.

Mike McGlone, senior commodity strategist at Bloomberg Intelligence, believes that gold prices could head towards $4,000 an ounce in the near future. According to him, the US economy is entering the early stages of a recession cycle, which will lead to a major change in the way money flows in the market.

Adrian Day, chairman of Adrian Day Asset Management, agrees. He believes that the recent price declines are just a short-term correction and do not affect the main trend of gold. According to him, the market still has many investors waiting for an opportunity to enter, and gold currently has a very clear momentum to continue to rise.

James Stanley, senior market strategist at Forex.com, said he has been bullish on gold for a long time and sees no reason to change that view now. Colin Cieszynski of SIA Wealth Management said the weaker US dollar and global uncertainties are a solid basis for continued confidence in gold's rise in the near term.

Marc Chandler, CEO of Bannockburn Global Forex, said the current market is very favorable for gold. He predicted that prices could quickly reach $3,300 an ounce, and if this trend continues, $3,500 will be the next target.

While there may be some short-term profit-taking after the sharp rise in gold prices, it is unlikely to be enough to reverse the upward trend, said Rich Checkan, president of Asset Strategies International. He said the market momentum remains clearly tilted towards gold.

Michael Moor, founder of Moor Analytics, is also optimistic about gold's prospects, provided prices do not fall below $3,224.50 an ounce – an important support level.

Experts like Darin Newsom and James Stanley both believe that gold remains a safe choice amid global geopolitical uncertainty, especially as a weak US dollar and low bond yields continue to give the precious metal an advantage.