Gold price today April 2, 2025: Domestic and world gold prices increased by 19 times this year

Domestic gold price today April 2, 2025

At the time of survey at 4:30 a.m. on April 2, 2025, the domestic gold price increased rapidly, breaking the record of surpassing 102 million VND/tael. Specifically:

DOJI Group listed the price of SJC gold bars at 99.4-102.1 million VND/tael (buy - sell), a decrease of 100 thousand VND/tael in buying - an increase of 300 thousand VND/tael in selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 99.4-102.1 million VND/tael (buy - sell), down 100 thousand VND/tael in buying - up 300 thousand VND/tael in selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 100-101.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 700 thousand VND/tael for buying and 500 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 99.4-102.1 million VND/tael (buying - selling, down 100 thousand VND/tael in buying - up 300 thousand VND/tael in selling compared to yesterday.

SJC gold price in Phu Quy is traded by businesses at 99.4-102.1 million VND/tael (buy - sell), gold price increased 200 thousand VND/tael for buying - increased 300 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 99.6-102.1 million VND/tael (buy - sell); an increase of 400,000 VND/tael in both buying and selling directions compared to yesterday.

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

The latest gold price list today, April 2, 2025 is as follows:

World gold price today April 2, 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 3,133.57 USD/ounce. Today's gold price increased by 28.31 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,960 VND/USD), the world gold price is about 99.14 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.96 million VND/tael higher than the international gold price.

Gold prices continued to rise sharply, breaking a new record high as investors rushed to seek safe assets ahead of US President Donald Trump's upcoming announcement of tariffs on many countries. US gold futures rose 0.4% to $3,161.60.

According to Adrian Ash, an analyst at BullionVault, Mr. Trump’s comments on tariffs and his volatile stance on the Russia-Ukraine war are creating chaos in the market, pushing gold prices higher than during the COVID-19 pandemic five years ago. Mr. Trump said the new tariffs plan will target all countries, not just the 10-15 countries with the largest trade deficits.

Goldman Sachs recently raised the probability of a US recession from 20% to 35%, and predicted that the Federal Reserve will continue to cut interest rates. This is beneficial for gold prices because this precious metal usually increases in price in a low interest rate environment.

According to Carsten Menke, analyst at Julius Baer, ​​the strong rally in gold prices in recent times has come from two main factors: strong buying demand from central banks since 2022 and the return of Western investors looking for safe havens this year.

In addition, the unstable geopolitical situation in the Middle East and Europe, along with the flow of money into ETFs (exchange-traded funds) with gold as collateral, also contributed to pushing up gold prices.

The world gold price ended the first quarter of 2025 with the strongest increase since 1986 and surpassed the 3,100 USD/ounce mark, marking one of the strongest price increases in history. However, the RSI (Relative Strength Index) is currently above 70, indicating that gold is in an overbought state and may soon correct downwards.

"I expect a correction to the downside before gold heads towards its target of $3,300. This correction would only become more serious if prices fall below $2,955," said Ole Hansen, commodity strategist at Saxo Bank.

Meanwhile, investors are awaiting US employment data, including Tuesday's jobs report and Friday's non-farm payrolls report.

Unlike gold, silver prices fell 0.7% to $33.85 an ounce, while platinum also fell 0.8% to $984.51. Palladium prices were steady at $982.36.

Gold price forecast

Technically, June gold futures are in a strong uptrend with the advantage for the buyers. The next target for the bulls is to push the price above the key resistance at $3,200. Meanwhile, the bears hope to push the price below the support at $3,031. The nearest resistance is currently at $3,177 (last night's high), followed by $3,200. The nearest support is at $3,152.20 and then $3,125.

IG strategist Yeap Jun Rong said concerns about retaliatory tariffs to be announced on April 2 are prompting investors to take a defensive stance. Many are withdrawing from risk assets and investing in gold as a way to protect their portfolios against the upcoming volatility. He said the current uncertainty could continue to support gold's rally in the short term, with a target of $3,200 an ounce.

Tim Waterer, chief analyst at KCM Trade, said the tariff tensions are unlikely to end after April 2, especially with tariffs on cars set to start on April 3. Combined with the uncertain global economic outlook, this will keep investors choosing gold, even if the price of gold falls slightly.

John Weyer, a trade hedger at Walsh Trading, said gold prices could rise sharply this week due to concerns about tariffs and inflation, two factors that are driving continued money into the gold market.

Adrian Day, chairman of Adrian Day Asset Management, also said that gold's upward momentum is still maintained thanks to strong demand from central banks, Chinese consumers and investors in North America.

FxPro expert Alex Kuptsikevich said that although gold is trading at unprecedented levels, the rally shows no signs of stopping. He forecasts gold will reach $3,180 in the coming weeks and could reach $3,400 by the end of the summer.

Gold prices will continue to rise to $3,200 an ounce, according to analysts from CPM Group. They recommend investors to hold gold for the long term or take advantage of corrections to buy more.

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.