Gold price today April 29, 2025: Domestic and world gold prices decrease before the April 30 holiday

Domestic gold price today April 29, 2025

At the time of survey at 4:30 a.m. on April 29, 2025, the domestic gold price dropped sharply below the 120 million VND mark. Specifically:

DOJI Group listed the price of SJC gold bars at 117.5-119.5 million VND/tael (buy - sell), a decrease of 1.5 million 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 117.5-119.5 million VND/tael (buy - sell), a decrease of 1.5 million 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 117.5-119 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 1.5 million VND/tael for buying and 2 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 117.5-119.5 million VND/tael (buying - selling), down 1.5 million VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117-119.5 million VND/tael (buy - sell), gold price decreased 1.5 million VND/tael in both buying and selling directions 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 million VND/tael (buy - sell); down 1.5 million VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115.7-118.5 million VND/tael (buy - sell); down 1.3 million VND/tael for buying - down 1.5 million VND/tael for selling compared to yesterday.

The latest gold price list today, April 29, 2025 is as follows:

World gold price today April 29, 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 3,299.33 USD/ounce. Today's gold price decreased by 15.14 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,170 VND/USD), the world gold price is about 105.17 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 14.33 million VND/tael higher than the international gold price.

World gold prices have been falling slightly in recent days due to signs of easing trade tensions between the US and China, while the market is waiting for a series of economic data to be released this week. Spot gold prices fell 0.46%, while US gold futures rose slightly by 0.3% to $3,307.8/ounce.

Gold prices are being driven by optimism that the US and China can reach a trade deal, despite the fact that many details remain unclear, according to Zain Vawda, analyst at MarketPulse at OANDA. Confidence that the impact of new tariffs will be contained has also helped global stock markets maintain their highest levels in more than three weeks.

US President Donald Trump said he had made progress in talks with China and had spoken with President Xi Jinping. However, Beijing has denied that trade talks are taking place. US Treasury Secretary Scott Bessent has also not confirmed Trump's claims that negotiations are underway.

The dollar index rose nearly 0.3% during the session, adding to downward pressure on gold as it becomes more expensive for buyers using other currencies. A stronger dollar typically saps some of the appeal of gold in international markets.

Asian and European stock markets had mixed performances last night. US stock indexes are also forecast to decline slightly in today's trading session in New York. Risk-off sentiment remains in the market as the new trading week begins.

According to Fawad Razaqzada of City Index and FOREX.com, the overall trend for gold prices remains positive, even as its safe-haven appeal has diminished slightly. He said that unless the market shows clear signs of lower highs, lower lows, or substantive trade deals, the likelihood of gold prices reversing to new highs is very high.

A major risk highlighted by economists is the possibility of the global economy falling into recession this year, according to a Reuters survey. This will be a factor that will continue to support gold in the coming time.

This week, the market will focus on important US economic data such as the Job Openings (JOLTS) report on Tuesday, the Personal Consumption Expenditures (PCE) index on Wednesday, and the Non-Farm Payrolls (NFP) report on Friday. These figures will help investors assess the real impact of the new tariffs on the US economy.

In addition to gold, spot silver prices also fell slightly by 0.1% to $33.04 an ounce. Meanwhile, platinum prices rose 1.8% to $988.90 an ounce and palladium prices rose 0.8% to $956.35 an ounce.

Gold price forecast

Technically, June gold traders still hold a clear near-term advantage. The next target for bulls is a close above strong resistance at the contract high of $3,509.90 an ounce. On the other hand, bears will aim to push prices below solid support at $3,200 an ounce.

Initial resistance is seen at the overnight high of $3,348.20 an ounce, followed by Friday's high of $3,384.10. The immediate support is seen at last week's low of $3,270.80 an ounce, followed by $3,250 an ounce. Gold is currently rated 7.0 on a 10-point scale by Wyckoff Market Ratings.

Manoj Kumar Jain, an expert at commodity research firm Prithvifinmart, said that gold prices will continue to fluctuate strongly this week due to the USD exchange rate and ahead of the announcement of US economic data. According to Mr. Jain, gold currently has a support level around 3,300 - 3,274 USD/ounce and a resistance zone in the range of 3,358 - 3,380 USD/ounce.

The downward pressure on gold prices at the beginning of the week continued from the end of last week, when US President Donald Trump revealed that he had received a call from Chinese President Xi Jinping to discuss the tariff issue. Trump appeared optimistic and said that the two sides were getting closer to a "mutually satisfactory" agreement.

However, China denied this information, asserting that no consultations had taken place. The denial from Beijing caused the decline of gold to slow down, helping the price of gold to stay above 3,300 USD/ounce at the end of last week. However, when entering the new week, gold continued to be sold off strongly and lost this mark.

Financial markets and risk assets have taken a “relief” from the tariff outlook since the tense early days of April, according to Tim Waterer, an analyst at KCM Trade. He said comments from the White House last week raised hopes of a US-China deal, reducing demand for safe haven gold.

Adrian Day, Chairman of Adrian Day Asset Management, said that the short-term trend of gold prices is down, but the factors supporting gold demand over the past year are still intact. According to him, this decline is only a short-term adjustment, partly due to signs of slowing investment cash flow into gold.

Broker Bob Haberkorn of RJO Futures said that gold prices could fall as low as $2,500 an ounce in the short term but remain in a long-term uptrend. According to him, optimism about the trade deal is weighing on gold prices. In the short term, gold could fall below $3,200 an ounce, or even to $3,180 an ounce, before bottom-fishing pressure reappears.

On the other hand, Rich Checkan, Chairman and CEO of Asset Strategies International, believes that the profit-taking trend ended last week. According to him, gold will soon turn around and return to the $3,500/ounce price range. Factors such as a weak USD, geopolitical instability, tariffs and the US Federal Reserve's (Fed) policies will continue to support the gold price increase in the coming time.