Gold price today April 28, 2025: Domestic and world gold prices are expected to decrease this week

Domestic gold price today April 28, 2025

At the time of survey at 4:30 a.m. on April 28, 2025, the domestic gold price remained unchanged at 121 million VND. Specifically:

DOJI Group listed the price of SJC gold bars at 119-121 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday. Compared to the beginning of last week, the price of gold increased sharply by 7 million VND/tael in both buying and selling directions.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 119-121 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday, but increased sharply by 7 million VND/tael in both buying and selling directions compared to April 21 last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 119-121 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions. Compared to last week, the gold price increased by 7 million VND/tael for both buying and selling directions.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 119-121 million VND/tael (buying - selling, unchanged in both buying and selling directions compared to yesterday. Increased 7 million VND/tael in both buying and selling directions compared to last week.

SJC gold price in Phu Quy is traded by businesses at 118.5-121 million VND/tael (buying - selling), gold price is unchanged in both buying and selling directions compared to yesterday. Gold price increased by 7 million VND/tael in both buying and selling directions compared to the beginning of last week.

As of 4:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 114-116.5 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday; increased by 4.5 million VND/tael in buying direction - increased by 3 million VND/tael in selling direction compared to the beginning of last week.

Bao Tin Minh Chau listed the price of gold rings at 117-120 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday; increased by 6 million VND/tael in both buying and selling directions compared to last week.

The latest gold price list today, April 28, 2025 is as follows:

World gold price today April 28, 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 3,314.47 USD/ounce. Today's gold price did not change compared to yesterday but decreased by 23.75 USD/ounce compared to last week. Converted according to the USD exchange rate at Vietcombank (26,200 VND/USD), the world gold price is about 105.77 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 15.23 million VND/tael higher than the international gold price.

The world gold price had its first weekly decline in April, down 0.71% amid strong selling pressure throughout the past week. Last week was a volatile week, when the gold price reached a new record high of over 3,500 USD but at times fell to nearly 3,200 USD. Has the market instability really subsided, or is it just taking a break to gain momentum?

The US dollar just recorded its first weekly gain since March, rising about 0.3%. A stronger US dollar typically leads to lower gold prices. The dollar’s ​​recovery has been fueled by optimism about progress in US-China trade talks and a shift of safe haven funds away from gold and into other markets.

President Trump tried to calm markets this week by claiming progress in talks with China. However, China quickly denied it, raising doubts about whether there were bilateral trade talks between the world's two largest economies.

Against this backdrop, it is understandable that investors continue to seek gold as a hedge. Confidence in the US dollar and its role as a stabilizing economic asset has eroded in recent years, prompting many central banks to increase their gold reserves to reduce their dependence on the greenback.

Although the world gold price has decreased this week, the long-term outlook for gold is still very positive. Mr. Trump has changed his stance many times, and the impact of new tax policies, if implemented, is still unknown. One notable factor is that central banks around the world continue to buy gold strongly, maintaining a large demand in the market.

By 2025, gold will be one of the most profitable investments. While the economy is weakening and the trade war is causing stocks, bonds and the US dollar to plummet, gold is bringing high returns to investors. Since the beginning of the year, gold prices have increased by 25%, with April alone recording an increase of about 15%.

Last weekend, a meeting between Russian President Vladimir Putin and Trump’s special envoy on a peace deal went smoothly. Russia said it was ready to resume talks with Ukraine without preconditions.

However, after meeting with Ukrainian President Volodymyr Zelensky at the funeral of Pope Francis at the Vatican, Mr. Trump announced that he might impose new sanctions on Russia for the new shelling. Russia has not yet officially responded, but analysts predict a response next week. If so, the gold market could continue to benefit, while stocks are at risk of falling sharply again.

Investors and market experts are closely monitoring signals from policymakers as well as economic and political events around the world to predict whether gold prices will continue to increase or decrease in the coming time.

Gold Price Forecast

According to the latest Kitco News survey, only one expert and retail investor is optimistic about gold prices this week. Of the 13 Wall Street experts who participated in the survey, 54% predicted gold prices to fall, 46% predicted gold prices to rise. On the individual investor side, of the 316 people who participated in the online survey, 48% predicted gold prices to rise, 29% predicted gold prices, and 23% predicted prices to stay the same.

Adrian Day, chairman of Adrian Day Asset Management, said that the short-term trend of gold is weakening, although long-term support factors remain. He predicted that gold prices will fall due to the possibility that the US and China can reach further trade concessions. However, he said that this decline will be short-lived and not significant.

Technically, analysts are watching key support levels. $3,147/oz represents the 38.2% Fibonacci retracement of this week’s high, while $3,039/oz represents the 50% retracement and also coincides with the 50-day moving average.

A deeper correction to the 200-day moving average would require a drop of as much as 16% to $2,729 an ounce, which many experts say is unlikely given the current economic climate. Global growth is slowing, central banks have yet to fully exit easy monetary policy, and geopolitical risks remain looming.

Kevin Grady, President of Phoenix Futures and Options, analyzed that the rapid increase in gold prices in recent times has caused many speculators to jump in and buy, leading to strong fluctuations. According to him, the current support level of gold is $3,000/ounce. If the price approaches this level, the market will react strongly. Grady also said that China may be selling US bonds to buy gold to reduce its dependence on the USD and put pressure on the US by raising interest rates.

Mr. Grady predicts that gold prices will not change much while waiting for bilateral trade agreements between the US and Japan, South Korea, Vietnam or India. If an agreement is announced, the US stock market will likely react positively, pulling gold prices down.

On the other hand, Mr. Rich Checkan, President and COO of Asset Strategies International, still maintains a positive view. He believes that after profit-taking, gold prices will inch back to around the peak of $3,500 this week, thanks to a weak USD, geopolitical uncertainty, tariffs and the Fed's easing policy.

Darin Newsom, an expert at Barchart.com, said that although gold is in an overvalued price range, the uptrend is still intact. He said that gold could be sold off if investment flows shift to other safe havens such as US government bonds, but for now, gold is still attracting buyers.

In the coming week, the market will pay special attention to US labor data, including JOLTS employment data, ADP employment report, jobless claims and non-farm payrolls report. In addition, investors will also monitor other events such as the Canadian federal election, US consumer confidence index, preliminary first-quarter GDP, pending home sales, Bank of Japan policy meeting and ISM manufacturing PMI index.