Gold price on April 30, 2025: Gold price falls after Consumer Confidence Index report lower than expected

Domestic gold price today April 30, 2025

At the time of survey at 2:30 p.m. on April 30, 2025, the domestic gold price was anchored at a high level of over 121 million VND. The gold market is on holiday from April 30 to May 1, so the price will not change until the end of this week. Specifically:

DOJI Group listed the price of SJC gold bars at 119.3-121.3 million VND/tael (buy - sell), the price remained unchanged 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 119.3-121.3 million VND/tael (buy - sell), the price remained unchanged 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 119.5-121 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 300 thousand VND/tael for buying - unchanged for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 119.3-121.3 million VND/tael (buying - selling), unchanged in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 118.3-121.3 million VND/tael (buy - sell), gold price remains unchanged in both buying and selling directions compared to yesterday.

As of 2:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 114-116.5 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 117.1-120.1 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

The latest gold price list today, April 30, 2025 is as follows:

World gold price today April 30, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 2:30 p.m. today, Vietnam time, was 3,309.05 USD/ounce. Today's gold price decreased by 13.89 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,180 VND/USD), the world gold price is about 105.51 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 15.79 million VND/tael higher than the international gold price.

World gold prices fell slightly after the latest data showed that US consumer confidence in April fell more than expected. The downward pressure also came from the rising US dollar and falling crude oil prices, two factors that are usually not favorable for gold prices.

According to Nicholas Frappell, an expert from ABC Refinery, the slight increase in the USD is the main reason for the decrease in gold prices. In addition, trade tensions also showed signs of easing after US President Donald Trump signed an executive order to reduce import tariffs on cars. However, experts said that the current tax rate is still quite high and confidence in the US financial market may have been affected in the long term.

Asian and European stock markets were mixed overnight. US markets are expected to open mixed today as investors focus on upcoming quarterly earnings reports.

According to a report from The Conference Board, the Consumer Confidence Index fell to 86 points, lower than the forecast of 87.5 points and also lower than the upwardly revised 93.9 points in March.

The Present Situation Index, which assesses current business and labor market conditions, fell slightly by 0.9 points to 133.5. The Expectations Index, which reflects consumers' predictions about future income, business and employment, fell sharply by 12.5 points to 54.4, its lowest level since October 2011 and well below the 80-point threshold that typically signals an economic recession.

Tariffs are now a top concern among consumers, with a record number of mentions, many expressing concern about tariffs raising prices and negatively impacting the economy.

The share of consumers expecting a recession next year has risen to a two-year high. At the same time, more expect interest rates to continue falling. Investors now expect the Fed to cut rates by about 0.95% this year.

US gold futures also fell 0.7% to $3,310.70. The dollar rose slightly 0.1% against a basket of major currencies, making gold more expensive for foreign investors. Meanwhile, other precious metals such as silver, platinum and palladium also fell.

Gold price forecast

In the coming days, markets will pay close attention to key US economic data, including the consumer spending index (PCE) and the non-farm payrolls report, which will help assess the impact of tariffs on the Fed's monetary policy.

If the PCE shows continued weakness in inflation, the Fed could continue to cut interest rates, which would support gold prices. Conversely, if the data is better than expected, expectations of interest rate cuts could decline, putting further pressure on gold.

Senior analyst Ricardo Evangelista from brokerage ActivTrades said that gold prices are currently under pressure due to optimistic sentiment in financial markets. Expectations of a possible easing of trade tensions between the US and China, along with a slight recovery of the US dollar, are causing demand to weaken.

In its latest commodity outlook report, the World Bank forecasts that gold prices will average around $3,250 an ounce this year. That is 36% higher than last year’s average, and a significant revision from its November forecast, when experts said gold prices would remain flat.

Moving into 2026, the average gold price is forecast to decline slightly to around $3,200/ounce, a decrease of about 1.5% compared to this year. However, in the broader context, gold is still considered the most prominent asset in the commodity group over the next two years.

Gold will continue to receive strong support from safe-haven demand, according to a World Bank report. Factors such as political uncertainty, geopolitical conflicts and concerns about global financial volatility are keeping gold at high levels.

Gold prices are now expected to be up to 155% higher than the 2015–2019 average. If global tensions continue to escalate, gold prices could even surpass current forecast levels.

Technically, the June gold contract still has the advantage in the short term. The buyer's goal is to close above the resistance level of $3,509.90/ounce. Meanwhile, the seller is aiming to push the price below the support level of $3,200/ounce, which could trigger a deeper downtrend if this scenario occurs.