Gold price today April 4, 2025: Domestic and world gold prices ended the increase due to profit taking after a day full of panic

Domestic gold price today April 4, 2025

At the time of survey at 4:30 a.m. on April 4, 2025, the domestic gold price ended its strong increase when it only reached over 102 million VND/tael. Specifically:

DOJI Group listed the price of SJC gold bars at 99.5-102.2 million VND/tael (buy - sell), an increase of 400 thousand 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 99.5-102.2 million VND/tael (buy - sell), an increase of 400 thousand 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 99.4-101.7 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 300 thousand VND/tael for buying and increased by 200 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 99-102.2 million VND/tael (buying - selling, down 100 thousand VND/tael in buying - up 400 thousand VND/tael in selling compared to yesterday.

SJC gold price in Phu Quy is traded by businesses at 99-102.2 million VND/tael (buy - sell), gold price increased 300 thousand VND/tael for buying - increased 500 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 98.7-102.2 million VND/tael (buy - sell); unchanged in the buying direction - increased 800 thousand VND/tael in the selling direction compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 99.1-102.3 million VND/tael (buy - sell); increase 300 thousand VND/tael for buying - increase 500 thousand VND/tael for selling.

The latest gold price list today, April 4, 2025 is as follows:

World gold price today April 4, 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 3,086.68 USD/ounce. Today's gold price decreased by 59.65 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,910 VND/USD), the world gold price is about 98.13 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 4.07 million VND/tael higher than the international gold price.

The world gold price has been like a roller coaster, initially due to the announcement of US President Donald Trump on imposing reciprocal tariffs, causing the gold price to increase sharply, setting a new record at 3160 USD/Ounce, making investors waiting to buy feel impatient.

Immediately after setting a record, investors took profits, causing the price to fall sharply again, breaking the 3,100 USD/Ounce mark. The price of gold futures in the US also fell 1.7% to 3,111.40 USD.

The drop in gold prices is believed to be due to investors taking profits after the precious metal reached a new record high. According to analysts, this is a strong correction after many days of continuous gold price increases. When information about Mr. Trump's tariff policy became clear, the market began to adjust, causing gold prices to be under pressure to decrease in the short term.

The gold market is currently under strong selling pressure, as US labor data continues to show stability, causing gold prices to remain low. Positive labor data may cause the US Federal Reserve (Fed) to continue to maintain a neutral stance. The Fed has no intention of cutting interest rates, as inflationary pressures remain and the labor market has not shown clear signs of weakness.

President Trump announced plans to impose a 10% tax on most goods imported into the US, while also raising tariffs on many trading partners. This caused global markets to fluctuate due to concerns about slowing growth and rising inflation. Central banks are expected to continue buying gold to reduce their dependence on the US dollar, helping to maintain the upward momentum of this precious metal.

However, according to the White House announcement, some items such as copper, gold, energy and some minerals not available in the US will not be subject to the new tax. Some experts believe that the removal of gold from the list of taxable items has caused the previous speculative motivation to disappear. Previously, millions of ounces of gold were poured into warehouses in New York to take advantage of the price difference. Now, when this factor is no longer there, the selling pressure has increased, causing the price of gold to decrease.

Silver prices fell 4.7% to $32.44 an ounce – the lowest since March 11. According to expert Jigar Trivedi of Reliance Securities, the imposition of a minimum 10% tax on countries importing semiconductors (an industry that uses a lot of silver) has raised concerns about demand.

Besides gold and silver prices, platinum prices fell 2.6% to $957.60, while palladium lost 1.6% to $954.78.

Gold price forecast

There are risks to gold’s rapid rise. A sharp correction is entirely possible if current support factors change. Some have even warned that gold could fall as much as 38% within five years, returning to $1,820 an ounce in 2022. However, history shows that gold rarely corrects by more than 15%.

With the current sharp drop in world gold prices, it is predicted that the domestic 9999 gold ring price - or the price affected by fluctuations in world gold prices - will also drop sharply, possibly even down to nearly 101 million VND/tael.

In the short term, gold remains supported by global economic and geopolitical uncertainties. Forecasts from Trading Economics show that gold prices could reach $3,163.93 an ounce by the end of this quarter and potentially reach $3,245.35 an ounce over the next 12 months.

Central banks are expected to continue buying gold to reduce their dependence on the US dollar, helping to maintain the precious metal's upward momentum. Experts from ANZ predict that gold prices could reach $3,200 in the next 6 months.

Technically, June gold futures still hold the short-term upside advantage. The next target for bulls is to push prices above the strong resistance at $3,201.60 an ounce. Meanwhile, the bears are aiming to push prices below the support level of $3,031.

Near resistance is at $3,150 and $3,177. Important support is at $3,109.5 and $3,100. The Wyckoff market rating is currently 8.5/10, suggesting that the uptrend is still dominant.

News of the new US tax policy has overshadowed the March jobs report, due out on Friday. US nonfarm payrolls are forecast to increase by 140,000 jobs, down from February's gain of 151,000.

In addition, today the market is waiting for a series of US economic data such as weekly jobless claims, Challenger job cuts report, trade balance, services PMI index and ISM report on services business activity.