Gold price today April 20, 2025: Domestic and world gold prices dropped by 6 million, ending a week of strong fluctuations

Domestic gold price today April 20, 2025

At the time of survey at 4:30 a.m. on April 20, 2025, the domestic gold price dropped sharply by 6 million VND/tael after the urgent direction of the Deputy Prime Minister. Specifically:

DOJI Group listed the price of SJC gold bars at 112-114 million VND/tael (buy - sell), a decrease of 5 million VND/tael for buying - a decrease of 6 million VND/tael for selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 112-114 million VND/tael (buy - sell), a decrease of 5 million VND/tael in buying - a decrease of 6 million 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 111-115 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 4 million VND/tael for both buying and selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 112-114 million VND/tael (buying - selling), down 5 million VND/tael in buying - down 6 million VND/tael in selling compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 110.5-114 million VND/tael (buy - sell), gold price decreased 5.5 million VND/tael in buying - decreased 5 million VND/tael in 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 109.5-113.5 million VND/tael (buy - sell); down 5.5 million VND/tael in buying - down 5 million VND/tael in selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 111-114 million VND/tael (buy - sell); down 5.5 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, April 20, 2025 is as follows:

World gold price today April 20, 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 3,326.63 USD/ounce. Today's gold price is unchanged from yesterday. Converted according to the USD exchange rate at Vietcombank (26,120 VND/USD), the world gold price is about 105.8 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 11.7 million VND/tael higher than the international gold price.

The Lao Dong newspaper reported that the Government Office has just conveyed the direction of Deputy Prime Minister Ho Duc Phoc regarding the situation of the unusually sharp increase in domestic gold prices. In response to this development, the Deputy Prime Minister requested the State Bank to closely coordinate with relevant agencies to closely monitor the financial, monetary, foreign exchange markets and especially the domestic and international gold prices.

The directive aims to quickly implement solutions to stabilize gold prices, avoid causing panic among people and negative impacts on the economy. At the same time, he emphasized the need to strengthen inspection and strictly handle acts of manipulation, speculation or profiteering in the gold market.

Yesterday, the international financial market was temporarily closed for the Easter holiday. On this occasion, many investors took advantage of the opportunity to sell to take profits after the world gold price exceeded 3,350 USD/ounce. Although gold is considered "overbought" (meaning it has increased too much in a short period of time), many experts believe that the upward trend of gold has not stopped yet.

One of the reasons for gold's popularity is that confidence in US monetary policy is declining. Experts from Brown Brothers Harriman analyzed that the US dollar (USD) is losing value because investors no longer trust the way the US government operates. Even with positive economic news, the USD's recovery is still very weak and difficult to maintain in the long term.

Gold prices are rising not just because of economic concerns. Many people also see gold as a safe haven investment. Although the returns from gold are not as high as those of stocks or bonds, it holds its value well in times of uncertainty. Central banks, the super-rich and ordinary people all appreciate the role of gold in protecting assets.

By the end of 2024, the United States will be the world’s largest gold holder, with more than 8,134 tons in its national reserves, followed by Germany. Meanwhile, China and India, two countries with a long tradition of gold hoarding, have less gold in their state reserves. However, the people of India are holding about 24,000 tons of gold, making them jokingly called the “gold king” of the world.

Many famous investors also believe in gold. Billionaire John Paulson, once nominated to be the US Treasury Secretary, has invested a large amount of money in gold because he believes that the USD will weaken in the future. Other veteran investors such as George Soros, Ray Dalio or Stanley Druckenmiller also own many shares of gold mining companies or invest in gold ETFs such as SPDR Gold Shares, the world's largest gold fund currently holding more than 933 tons of gold.

Robert Kiyosaki, author of the “Rich Dad Poor Dad” series, advises people to buy physical gold instead of investing in paper representations of gold. According to him, holding real gold will help protect assets against the risk of inflation and currency devaluation, something that both central banks and large investors understand very well.

Gold price forecast

Gold prices are expected to continue to be volatile due to trade news and geopolitical tensions. With a lack of major economic data and many international markets closed for Easter, gold is likely to be the focus of investor reactions.

It is forecasted that from June to October, gold prices may continue to increase as investors shift their cash flow to safer assets, amid global economic and political uncertainties. From November to January, prices may stagnate or fluctuate slightly as the market enters a capital reallocation phase.

In early 2026, experts expect gold to continue to grow thanks to major changes in financial policy, such as interest rate adjustments or the emergence of new digital currencies. In addition, unexpected factors such as political upheaval or changes in global leadership can also increase the demand for gold as a haven.

According to FOREX.com expert Fawad Razaqzada, gold is entering a consolidation phase after a strong increase. Currently, the price of gold is about $1,275 higher than the 200-week average, equivalent to a difference of 61% - a very large number and difficult to maintain without strong macroeconomic support.

If the price falls below the $3,300 threshold, the important support zones will be at $3,245 and $3,167. In case of increased selling pressure, gold could fall to $3,100 or even $2,790. However, he said that there is no need to be pessimistic and need to monitor the upcoming sessions.

Expert Lukman Otunuga also warned that gold is in an “overbought” state and may be about to enter a technical correction phase.

In this scenario, gold prices could fall to the $3,250, $3,140 or psychological $3,000 level. However, if prices hold above $3,300, the possibility of a rise to $3,400 or higher remains intact.

Ole Hansen of Saxo Bank also believes that a correction is inevitable, but he does not expect it to happen immediately. According to him, factors of uncertainty still exist, especially after President Donald Trump's harsh comments aimed at Federal Reserve Chairman Jerome Powell. These statements could make financial markets, especially bonds, more sensitive.