Gold price on the afternoon of April 4, 2025: Domestic and world gold prices fell sharply due to profit taking

Domestic gold price on April 4, 2025

At the time of survey at 4:30 p.m. on April 4, 2025, domestic gold prices fell sharply. Specifically:

DOJI Group listed the price of SJC gold bars at 98.8-101.3 million VND/tael (buy - sell), a decrease of 700 thousand VND/tael in buying - a decrease of 900 thousand VND/tael in selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 98.8-101.3 million VND/tael (buy - sell), down 700 thousand VND/tael in buying - down 900 thousand 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 99.5-101.2 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 100 thousand VND/tael for buying and decreased by 500 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 98.8-101.3 million VND/tael (buying - selling), down 200 thousand VND/tael in buying - down 900 thousand VND/tael in selling compared to yesterday.

SJC gold price in Phu Quy is traded by businesses at 98.6-101.3 million VND/tael (buy - sell), gold price decreased 400 thousand VND/tael for buying - decreased 900 thousand VND/tael for selling compared to yesterday.

As of 4:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 98.5-101.3 million VND/tael (buy - sell); down 200,000 VND/tael in buying - down 900,000 VND/tael in selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 99-101.6 million VND/tael (buy - sell); down 100 thousand VND/tael for buying - down 700 thousand VND/tael for selling.

The latest gold price table on the afternoon of April 4, 2025 is as follows:

World gold price on the afternoon of 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 p.m. today, Vietnam time, was 3,084.19 USD/ounce. Today's gold price decreased by 44.26 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (25,970 VND/USD), the world gold price is about 96.47 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 4.83 million VND/tael higher than the international gold price.

Gold prices fell sharply as investors reassessed market risks following US President Donald Trump’s tariff moves. While the measures provided clarity for the market, they also raised concerns about an economic slowdown.

According to Mr. Ole Hansen, commodity strategy expert at Saxo Bank: "Gold prices rose earlier thanks to geopolitical tensions, a weak USD and high inflation expectations causing US bond yields to fall. However, when the market fluctuated strongly, many investors were forced to sell gold to reduce risks, although gold was still fundamentally supported by positive factors."

Despite the sharp decline, gold prices are still on track to rise for a fifth consecutive week as its reputation as a safe haven asset helped push prices to three new records this week. US gold futures edged up 0.1% to $3,123.

In the previous session, gold prices fell more than 2% as the broader market plunged on concerns about Trump’s import tariffs. The sharp decline came just hours after gold hit a record $3,167.57.

According to Tastylive expert Ilya Spivak, gold prices tend to rise sharply when the market is facing unpredictable uncertainty (like war), but fall when the risk is clearly priced in. He commented: "The Trump administration has chosen a specific path, and while the market doesn't like it, at least people see the direction. That makes gold lose the value added by the previous uncertainty."

Mr. Trump announced that he would impose a 10% tax on all imports into the United States, while also sharply increasing tariffs on several major trading partners. Partner countries threatened to retaliate, raising the risk of a trade war and concerns about rising prices in the world's largest consumer market.

Analysts say Federal Reserve officials are studying the details of Mr Trump's trade plan. The sudden imposition of tariffs could significantly change the US economic outlook. The market is now waiting for the US non-farm payrolls report to predict the path of the Fed's interest rate adjustment.

Besides gold prices, silver prices fell 1.5% to 31.4 USD/ounce, platinum fell 0.8% to 944.80 USD, and palladium remained unchanged at 928.33 USD.

Gold price forecast

Gold markets continue to be volatile as investors react to US President Donald Trump’s decision to impose global import tariffs. While gold prices may still correct lower, one Canadian bank believes the downside risk is not too great.

Before Mr. Trump announced the tax policy, analysts at RBC Capital Markets raised their gold price forecast, expecting an average of $3,039 an ounce this year and $3,195 an ounce next year.

While RBC believes that gold has room to rise, it also warns that the recent rally has been somewhat overdone. In the current context, they predict that gold prices may correct and test the support zone around $2,821/ounce.

Experts at TD Securities say gold prices are likely to remain volatile in the coming period. Although gold is overbought, the reality is that very few large investors own this precious metal.

TD Securities believes that even if there is a correction, the gold price will not fall too much. The reason is that many investors have made good profits after the increase that has lasted for more than a year, so there is little chance of a sell-off due to short-term fluctuations.

IG expert Yeap Jun Rong said that the fear of tariff risks has caused investors to turn to gold as a safe haven. According to him, in the short term, gold prices could continue to rise and reach the mark of 3,200 USD/ounce.

Technically, the bulls are aiming to push the price above the strong resistance at $3,200. Meanwhile, the bears are aiming to push the price below the important support zone at $3,031.

Some more optimistic forecasts suggest that if the uptrend continues, gold prices could reach $3,500 an ounce by the end of the year. However, experts also warn that such a rapid rise in prices poses a risk of a sharp correction if current support factors change.

Quoc Duong