Gold price today April 7, 2025: Domestic and world gold prices are preparing for a new price drop storm

Domestic gold price today April 7, 2025

At the time of survey at 4:30 a.m. on April 7, 2025, domestic gold prices temporarily rested when entering the Hung Kings' Commemoration Day holiday. Specifically:

DOJI Group listed the price of SJC gold bars at 97.1-100.1 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday. At the end of the week, the gold price decreased by 1.3 million VND/tael for buying - decreased by 600 thousand VND/tael for selling compared to last week.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 97.1-100.1 million VND/tael (buy - sell), unchanged in both buying and selling directions compared to yesterday. At the end of the week, the gold price decreased by 1.3 million VND/tael for buying - decreased by 600 thousand VND/tael for selling compared to the previous week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 99.3-100.8 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 600 thousand VND/tael for buying - increased by 300 thousand VND/tael for selling compared to yesterday. At the end of the week, the gold price increased by 700 thousand VND/tael for buying - increased by 1 million VND/tael for selling compared to last week.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 97.2-100.1 million VND/tael (buying - selling), unchanged in both buying and selling directions compared to yesterday. At the end of the week, gold price decreased by 1.3 million VND/tael for buying - decreased by 600 thousand VND/tael for selling compared to last week.

SJC gold price in Phu Quy was traded by businesses at 97.3-100.1 million VND/tael (buying - selling), gold price increased 200 thousand VND/tael in buying price - unchanged in selling price compared to yesterday. At the end of the week, gold price decreased 1.1 million VND/tael in buying price - decreased 600 thousand VND/tael in selling price compared to last week.

As of 4:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 96.7-100.1 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday. At the end of the week, the gold price decreased by 1.7 million VND/tael for buying - decreased by 600 thousand VND/tael for selling compared to last week.

Bao Tin Minh Chau listed the price of gold rings at 97.5-100.5 million VND/tael (buy - sell); unchanged in both buying and selling directions. At the end of the week, the gold price decreased by 1.4 million VND/tael for buying - decreased by 400 thousand VND/tael for selling compared to the previous week.

The latest gold price list today, April 7, 2025 is as follows:

World gold price today April 7, 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 3035.92 USD/ounce. Today's gold price is unchanged from yesterday and down 54.94 USD/ounce compared to last week. Converted according to the USD exchange rate at Vietcombank (25,960 VND/USD), the world gold price is about 95 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 5.1 million VND/tael higher than the international gold price.

The world gold price fell sharply last weekend, erasing the accumulated gains from the beginning of the week. The main reason was that investors rushed to sell gold to compensate for losses from the global financial market decline. Escalating trade tensions between the US and China have raised concerns about the risk of economic recession.

According to Reuters, the market is still affected by a series of tariffs announced by US President Donald Trump during the campaign called “Liberation Day”. In response, China also applied tariffs on imported goods from the US, increasing concerns about a large-scale trade war.

Rabobank believes that after this series of tax policies, goods from affected countries will have to adjust and redirect to other markets. However, this will make the supply chain less efficient and incur additional costs.

Experts predict that central banks in many countries will continue to buy gold this year to hedge against the risks posed by US President Donald Trump's policies. According to independent analyst Ross Norman, this trend reflects a clear two-way market. On the one hand, new investors are flocking to buy gold as a safe haven against economic uncertainty. On the other hand, many people choose to sell to take profits when gold prices reach record levels. In particular, newly minted gold bars are being traded quite actively.

Despite the volatility, gold prices have risen about 15.3% year to date, thanks to strong demand from central banks and its role as a hedge against risk. "Gold remains a safe haven for many investors," said Matt Simpson of City Index.

The dollar rose 0.7% against a basket of major currencies, making gold more expensive for foreign investors. Better-than-expected US employment data also reinforced the view that the Fed may delay cutting interest rates, which is not good for gold.

Meanwhile, silver prices fell 7.3% to $29.54 an ounce, marking the sharpest weekly decline since 2020. Platinum and palladium also fell, losing 3.6% and 2% of their value, respectively.

Next week, markets will focus on inflation data and policy signals from the US Federal Reserve (Fed). The minutes of the March FOMC meeting will be released on Wednesday, followed by CPI on Thursday and PPI on Friday. Additionally, the University of Michigan's preliminary consumer confidence index will be released on Friday morning, reflecting Americans' feelings about the economic outlook.

Gold price forecast

Kevin Grady of Phoenix Futures and Options said the market is in turmoil. He said many people are selling gold to replenish their margin positions as the stock market plunges. He said big banks were on the sidelines before Mr. Trump announced tariffs and are now waiting to see what happens.

Grady said he doesn’t expect gold to rally much next week. Many people are struggling to cover margin calls, and commodities are taking profits after a strong run earlier this year. He also stressed that it will take time for the market to stabilize and find a clear direction.

Grady is also concerned about the risk of a global recession, which could impact demand for commodities, including gold. He said many investors are now turning to cash because they don't know where to invest.

In the long run, Grady believes that when investors realize that there is no longer a tax risk on gold, the market will recover. However, this process will not happen in a few days, but will take more time for the market to absorb the information.

Marc Chandler of Bannockburn Global Forex believes gold prices could continue to fall in the short term. He notes that while central banks may be buying, retail investors have recently viewed gold as a risk asset. Despite a weaker dollar and lower interest rates, gold has been sold off along with stocks. If gold breaks below $3,054, he says, it could fall to $3,030 or $3,000.

Everett Millman, an expert at Gainesville Coins, also said that this drop is due to investors selling gold and silver to cover losses in their investment portfolios. There is no clear support for gold if the stock market continues to fall. For gold to stabilize, the market needs signals from policy, such as the Fed committing to cut interest rates or launching a new stimulus package. He did not rule out the possibility of gold falling to $2,900 if the situation continues to worsen.

Experts at CPM Group advise investors to hold their current positions and wait for a buying opportunity when prices fall further. They attribute the recent volatility to concerns about the negative impact of President Trump's new tax policy. Gold rose to nearly $3,196 but quickly fell back to $3,073 as markets sold off.

According to CPM, Trump's tax policy has increased concerns about inflation and recession, making gold a safe haven asset. However, they currently do not recommend buying or selling, but only consider buying when gold falls to around $3,050 or lower.