Gold price on April 16, 2025: Domestic and world gold prices increased dramatically to 115.5 million VND/tael

Domestic gold price today April 16, 2025

At the time of survey at 12:00 on April 16, 2025, domestic gold prices continuously broke new peaks, due to the high demand of people. Specifically:

DOJI Group listed the price of SJC gold bars at 108.5-111 million VND/tael (buy - sell), an increase of 3 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 108.5-111 million VND/tael (buy - sell), an increase of 3 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 110.5-115.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 4 million VND/tael for buying and 7 million VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 108.5-111 million VND/tael (buying - selling), an increase of 3 million VND/tael in both buying and selling directions compared to yesterday.

SJC gold price in Phu Quy is traded by businesses at 107.5-111 million VND/tael (buy - sell), gold price increased 2.7 million VND/tael for buying - increased 3 million VND/tael for selling compared to yesterday.

As of 12:00 today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 108-110.5 million VND/tael (buy - sell); an increase of 4.8 million VND/tael in buying - an increase of 4 million VND/tael in selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 108.3-111 million VND/tael (buy - sell); an increase of 4.2 million VND/tael for buying - an increase of 4 million VND/tael for selling compared to yesterday.

The latest gold price list today, April 16, 2025 is as follows:

World gold price today April 16, 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 3,271.04 USD/ounce. Today's gold price increased by 42.35 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,040 VND/USD), the world gold price is about 103.73 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 7.27 million VND/tael higher than the international gold price.

Gold prices rose to an all-time high as the dollar weakened, US-China trade tensions escalated and concerns about global economic growth sent investors flocking to gold as a safe haven. US gold futures also rose 1.4% to $3,286.3.

According to Tim Waterer, market analyst at KCM Trade, there are many factors supporting gold prices, including a weaker US dollar and risk-off sentiment in the market. The US dollar index fell 0.4% against other currencies, making gold more attractive to investors holding foreign currencies.

According to Reuters, one of the important reasons for the sharp increase in gold prices today is the decision of US President Donald Trump to open an investigation to impose new taxes on all important minerals imported into the US.

China is now the world leader in producing 30 of the 50 most important minerals, according to the U.S. Geological Survey. China has recently reduced exports of some minerals, raising concerns about supply shortages, further reinforcing gold’s role as a “safe haven” in a volatile world.

US-China trade tensions continue to escalate as Nvidia Corporation announced a $5.5 billion loss due to US restrictions on AI chip exports to China. In addition, China also asked airlines to stop receiving Boeing planes in response to the US imposing a 145% tax on Chinese goods.

Brian Lan, CEO of GoldSilver Central, said that gold prices will continue to rise strongly as long as there is market uncertainty. Gold prices have continuously set records in 2025 with an increase of more than 24%.

The market is now waiting for US retail sales data to gauge the health of the economy and predict the Federal Reserve's monetary policy. Currently, investors expect the Fed to cut interest rates by about 87 basis points by the end of 2025.

In other precious metals, silver edged up 0.1% to $32.32 an ounce, while platinum fell 0.3% to $956.64. Palladium held steady at $971.10.

Gold price forecast

In the face of trade tensions and unpredictable macroeconomic factors, many experts predict that gold prices will continue to increase in the coming time. Not only world gold, domestic gold prices will also be affected, most likely continuing to adjust in an upward trend and maintaining at a high level.

Experts from ANZ predict that demand for gold as a hedge against risks will increase sharply. They raised their year-end gold price forecast to $3,600/ounce and their six-month target to $3,500.

Jim Wyckoff, an expert at Kitco Metals, said that investors are currently waiting for important economic events that could have a strong impact on gold prices in the near future. Although there has not been a major new push, technical charts still show that the gold price uptrend is being maintained.

Commerzbank also said that the sharp rise in gold prices reflects the prolonged weakness of the US dollar. As confidence in this currency declines, gold has emerged as a more attractive alternative investment channel for many people holding US dollars. This is the reason why gold is increasingly attractive in investment portfolios.

In China, demand for gold is rising strongly, despite signs of slowing imports and jewelry demand. According to the World Gold Council (WGC), gold prices in China hit new records in March and the first quarter of this year, while money continues to flow into gold ETFs and the People's Bank of China maintains its buying activities.

Ray Jia, head of China research at WGC, said gold prices rose sharply in March both domestically and internationally. In China, the SHAUPM index in yuan recorded its strongest increase in a year, while the international gold price in USD also had its strongest month since mid-2020.

Investors are looking ahead to a speech by Fed Chairman Jerome Powell on Wednesday at the Economic Club of Chicago, where he will offer his views on the economic outlook. The Bank of Canada (BoC) will also announce its monetary policy decision later in the day, with analysts predicting that interest rates will remain unchanged.

On Thursday, the European Central Bank (ECB) is expected to cut interest rates to further support the regional economy. These moves are likely to have a significant impact on the trend of gold prices in the coming time.