Gold price on April 18, 2025: Domestic and world gold prices suddenly increased to 125 million VND/tael

Domestic gold price today April 18, 2025

At the time of survey at 12:00 on April 18, 2025, domestic gold prices suddenly broke through to a new peak, after a morning of profit-taking. Specifically:

DOJI Group listed the price of SJC gold bars at 117-120 million VND/tael (buy - sell), an increase of 1.5 million VND/tael for buying - an increase of 2 million VND/tael for selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 117-120 million VND/tael (buy - sell), an increase of 1.5 million VND/tael in buying - an increase of 2 million VND/tael in selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 119.5-122.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 1.5 million VND/tael for both buying and selling compared to yesterday.

The price of SJC gold at Ngoc Tham Jewelry Company Limited was traded by businesses at the highest level of 113-125 million VND/tael (buying - selling, increasing 1 million VND/tael in buying - increasing 5 million VND/tael in selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 117-120 million VND/tael (buying - selling), up 1.5 million VND/tael in buying - up 2 million VND/tael in selling compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 116-119 million VND/tael (buy - sell), gold price increased 1.5 million VND/tael in buying - increased 2 million VND/tael in selling compared to yesterday.

As of 12:00 today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 115-118.5 million VND/tael (buy - sell); an increase of 500 thousand VND/tael in buying - an increase of 1 million VND/tael in selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116.5-119.5 million VND/tael (buy - sell); an increase of 1.5 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, April 18, 2025 is as follows:

World gold price today April 18, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 12:00 today, Vietnam time, was 3,326.63 USD/ounce. Today's gold price decreased by 17.01 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,100 VND/USD), the world gold price is about 105.72 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 14.28 million VND/tael higher than the international gold price.

The world gold price decreased slightly today as many investors took advantage of the opportunity to take profits yesterday after the gold price reached a new peak, surpassing the threshold of 3,350 USD/ounce. Financial markets are closed due to the Easter holiday, so there will be no other fluctuations in the world gold price today.

Despite selling pressure, gold prices still held firm support around $3,300/ounce. As of the end of the week, spot prices stood at $3,316.90/ounce, up nearly 2.5% for the week. Expert David Morrison of Trade Nation noted that gold prices had increased by 13%, equivalent to $360 in just one week, so it was understandable that prices would start to correct.

Gold’s current rally is also being supported by the weakness of the US dollar, which is at a three-year low – the DXY index closed the week at 99.49. According to Christopher Vecchio of Tastylive.com, the US dollar is losing strength and this will continue to boost gold prices. He believes that President Trump’s unpredictable trade policies are weakening the US position in the global market.

What is currently causing investors a headache is that it is not easy to determine a "reasonable" price for gold when the increase is so fast and strong. Gold is still favored by investors in the context of global recession fears and US-China trade tensions that show no signs of cooling. However, Otunuga also warned that gold prices are currently overbought, and are likely to enter a technical correction phase.

Ole Hansen, head of commodity strategy at Saxo Bank, agrees that a major correction is imminent. However, he believes it will not happen immediately, as there are still too many uncertainties, especially after former President Trump's latest tweets criticizing Federal Reserve Chairman Jerome Powell.

Meanwhile, Mr. Powell’s speech at the Economic Club of Chicago remained neutral, although he acknowledged that inflation is trending up again. The sharp contrast with the European Central Bank (ECB), which has just cut interest rates and forecasts further easing in the coming time, makes the market more unpredictable.

Darin Newsom, an analyst at Barchart.com, on the other hand, still believes that gold prices will continue to rise. He believes that the market is currently operating on algorithms that react quickly to statements from leaders, and that the US President often makes sensational statements that cause the market to react strongly. He asserts that the long-term trend of the US stock market is downward, while the price of gold is upward.

In other precious metals markets, silver, platinum and palladium prices all fell, with silver down 1% to $32.43 an ounce, platinum down 0.2% to $965.46 and palladium down 1.4% to $958.26.

Gold price forecast

Citi Research has raised its second-quarter gold price forecast from $3,200 to $3,500 an ounce, citing strong demand from Chinese insurance companies and investors seeking safe havens amid escalating US-China trade tensions and weakening financial markets.

According to the latest weekly gold price survey from Kitco News, both experts and individual investors are starting to be more cautious about the gold price outlook, especially when gold has surpassed the $3,300/ounce mark.

Of the 16 analysts who participated this week, 10 (63%) said gold prices would continue to rise next week, 4 (25%) predicted a fall, and the remaining 2 (12%) believed prices would remain flat. On the individual investor side, 312 people participated in the online survey. Of these, 63% expected gold prices to continue to rise, 18% predicted a fall, and 19% said prices would stabilize around current levels.

However, many experts still believe that the gold price increase is not over. Adrian Day, Chairman of Adrian Day Asset Management, said that the momentum for the increase is still strong, especially in the context of the volatile stock market. The reasons that investors have bought gold in the past two years are still intact.

Marc Chandler, CEO of Bannockburn Global Forex, predicts that gold may temporarily correct to around $3,250 to “gain momentum,” then continue to rise to a new target zone of $3,500. He believes that buying on corrections is still a good choice in the current global economic context.

Other experts, such as James Stanley of Forex.com, remain optimistic. According to him, although it is difficult to "catch up" the current rapid increase, there is no clear sign that the gold price increase has ended.

Sean Lusk, chief strategist at Walsh Trading, believes that gold is still strongly supported by safe-haven demand. According to him, gold prices are receiving great attention from individual investors, speculators and central banks. Lusk expects gold to reach the next level of $3,434 if there are no major fluctuations from the US and China.

In particular, he commented that the recent speech by Fed Chairman Jerome Powell was more “hawkish” than expected, when he said that the US labor market is very strong and there is no sign of recession. This shows that the Fed is not in a hurry to cut interest rates, and the market will need time to assess the full impact of new tax policies.