Gold price today April 26, 2025: Domestic and world gold prices fell below the 120 million mark

Domestic gold price today April 26, 2025

At the time of survey at 4:30 a.m. on April 26, 2025, the domestic gold price fell below the 120 million mark. Specifically, the gold price early this morning:

DOJI Group listed the price of SJC gold bars at 118.5-120.5 million VND/tael (buy - sell), the price remained unchanged in the buying direction - decreased 500 thousand VND/tael in the selling direction compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 118.5-120.5 million VND/tael (buy - sell), the price remained unchanged in the buying direction - decreased 500 thousand VND/tael in the selling direction compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 118.5-120.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 500 thousand 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 118.5-120.5 million VND/tael (buying - selling, unchanged in buying direction - down 500 thousand VND/tael in selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117.5-120 million VND/tael (buy - sell), gold price decreased 500 thousand VND/tael in buying - decreased 1 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 112.5-115.5 million VND/tael (buy - sell); down 1 million VND/tael for buying - down 800 thousand VND/tael for selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116.5-119.5 million VND/tael (buy - sell); down 500 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, April 26, 2025 is as follows:

World gold price today April 26, 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 3,280.78 USD/ounce. Today's gold price decreased by 34.21 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,195 VND/USD), the world gold price is about 104.69 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 15.81 million VND/tael higher than the international gold price.

Speaking to Tien Phong reporter, Dr. Vo Dai Luoc, former Director of the World Economic Institute, said that the current domestic gold price mainly fluctuates according to the trend of the world gold price. However, Mr. Luoc expressed his concern that the price of SJC gold bars has increased too strongly and maintained a difference with the world price of more than 15 million VND/tael, which is unacceptable.

World gold prices fell sharply amid the rising value of the USD and signs of easing trade tensions between the US and China. Information that China exempted import tariffs on some US goods caused gold prices to fall sharply.

According to a report from the University of Michigan, the consumer sentiment index for April reached 52.2 points, higher than the initial forecast of 50.8 points but still much lower than the 57 points in March. The initial result was a surprise as it was significantly lower than economists' predictions (54.5 points).

The report also showed that consumers are particularly concerned about the risk of rising inflation and a recession in the coming period. "Inflation expectations for the coming year rose to 6.5%, the highest level since 1981, the fourth consecutive month of unusually high inflation," said Joanne Hsu, Director of the Consumer Survey. "Longer-term inflation expectations also rose from 4.1% to 4.4%, reflecting growing concerns." The data shows that consumers remain cautious about the economic risks ahead.

Immediately after the data was released, gold prices continued to fall. Specifically, the world gold price fell 1.03%, this week, the gold price has decreased 1.22%. Meanwhile, the gold futures price in the US also decreased 1.6%, down to 3,294.5 USD/Ounce.

However, the sell-off in gold was not too strong as many investors still believe that gold prices will recover. Daniel Ghali, strategist at TD Securities, said: "Even though gold prices have fallen, investors continue to buy gold, so we expect gold prices to rise again in the near future."

Other geopolitical developments are also worth noting. A senior Trump administration official is reportedly set to meet with Russian President Vladimir Putin. There is also talk of the US and Israel attacking Iran’s nuclear facilities if the country fails to reach an agreement with Washington. Despite the fall in gold prices this week, these geopolitical factors could help create a floor for the precious metal in the coming period.

Gold prices have risen more than 25% this year, hitting a record high of $3,500.05 an ounce, helped by trade tensions and strong central bank demand. However, Fawad Razaqzada, an analyst at City Index and FOREX.com, said that while tensions have eased, it will take time for the market to see any significant improvement.

Gold price forecast

Dr. Le Dang Doanh, former Director of the Central Institute for Economic Management, commented that in the coming time, the domestic gold price is likely to fall to 110 million VND/tael. However, the possibility of a deep fall to 100 million VND/tael is less likely to happen.

Technically, the bulls still have the upper hand in the June gold futures market. Their next target is to push the price above the strong resistance at the record high of $3,509.90 per ounce. Meanwhile, the bears are aiming to push the price below the important support level of $3,200.

The nearest resistance levels are identified at $3,350 and $3,384.1, while the nearest support is at $3,296 and $3,270.8. According to Wyckoff, the gold market is currently at 7.0 on a scale of 10, indicating that the uptrend is still dominant.

Yeap Jun Rong, market strategist at IG, said that while gold buying is currently high and could lead to a short-term correction, selling pressure is still quite limited. According to him, investors still see gold as an effective hedge against global instability. In the long term, Mr. Rong believes that the supporting factors for gold are still very solid, as emerging markets continue to expand their foreign exchange reserves and gradually adjust to the structure of developed economies.

According to Ryan McIntyre, managing partner at Sprott Inc., the price of gold has surpassed the $3,500/ounce mark at the beginning of the week, which has further strengthened confidence in the long-term prospects of this precious metal. Investors should take advantage of the price declines to actively buy gold. In an interview with Kitco News, McIntyre emphasized that gold still has a lot of room for growth, especially when compared to the overvalued US stock market. He forecasts that gold prices will remain stable above the $3,000/ounce threshold and asserts that the current price is not a reason for investors to worry. According to him, the bigger concern right now is US stocks.

Kyle Rodda, a financial analyst at Capital, agreed that the sharp moves in gold prices this week were largely driven by technical factors and headline news. However, he stressed that the long-term outlook for gold remains solid and buying on corrections is common among investors with a long-term perspective.

Bart Melek, head of commodity strategy at TD Securities, noted that investors should be prepared for short-term volatility as the parabolic rally took gold above $3,400 an ounce. He said the new all-time high of $3,544 an ounce, adjusted for inflation, was set in the 1970s. However, gold prices corrected sharply in the following session after reaching the peak.

Melek said that in the event of a broader correction, the key support level to watch would be $3,100 an ounce. Spot gold is currently trading around $3,279 an ounce, down about 3% on the day and more than 6% off its overnight peak.