Gold price today April 9, 2025: Domestic and world gold prices increase again due to the US-China tariff war

Domestic gold price today April 9, 2025

At the time of survey at 4:30 a.m. on April 9, 2025, domestic gold prices increased slightly again. Specifically:

DOJI Group listed the price of SJC gold bars at 97.7-100.2 million VND/tael (buy - sell), an increase of 600 thousand VND/tael for buying - an increase of 100 thousand 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 97.7-100.2 million VND/tael (buy - sell), an increase of 600 thousand VND/tael in buying - an increase of 100 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 99.4-100.4 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 700 thousand VND/tael for buying and decreased by 300 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 97.8-100.2 million VND/tael (buying - selling), up 500 thousand VND/tael in buying - up 100 thousand VND/tael in selling compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 97.7-100.2 million VND/tael (buy - sell), gold price increased 400 thousand VND/tael in buying direction - increased 100 thousand VND/tael in selling direction compared to yesterday.

As of 4:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 97.7-100.2 million VND/tael (buy - sell); an increase of 1 million VND/tael in buying - an increase of 100,000 VND/tael in selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 98-100.3 million VND/tael (buy - sell); increased 400 thousand VND/tael in buying - unchanged in selling.

The latest gold price list today, April 9, 2025 is as follows:

World gold price today April 9, 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 3011.53 USD/ounce. Today's gold price decreased by 16.2 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,140 VND/USD), the world gold price is about 95.83 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 4.37 million VND/tael higher than the international gold price.

The world gold price has risen again, surpassing the threshold of 3,000 USD/ounce thanks to the weakening USD and escalating trade tensions between the world's two largest economies. These factors have caused investors to rush to buy gold as a safe haven.

According to market data, gold prices recovered afterhit a three-week lowyesterday. Meanwhile, the price of gold futures on the US floor also increased by 1.6%, reaching 3,021.9 USD.

Despite falling for three consecutive sessions, gold is still on the rise thanks to trade tensions and expectations of lower US interest rates, said FXTM analyst Lukman Otunuga. He said that if the price breaks above $3,055, gold could continue to rise to $3,100 or even $3,130. Conversely, if it falls below $3,000, gold could fall to $2,950–$2,930.

Trade tensions flared up after US President Donald Trump imposed retaliatory tariffs on April 2, raising market fears of a recession. Meanwhile, China has insisted it will not succumb to US “coercion,” leaving the trade war showing no signs of abating.

The current situation shows that gold is regaining its appeal as a safe haven amid widespread uncertainty and declining confidence in traditional financial markets. In the first three months of 2025, physical gold ETFs recorded the largest inflows in the past three years.

Gold prices have risen 15% this year, driven by political and financial uncertainty. A weaker dollar has also made gold cheaper for foreign investors. Commerzbank said expectations for lower interest rates have risen sharply in recent days, which could push gold prices even higher.

Investors are awaiting the minutes of the US Federal Reserve's latest policy meeting tomorrow for clues on the path of interest rate cuts. The market is currently predicting a 40% chance of the Fed cutting interest rates in May. Gold tends to appreciate in a low interest rate environment because it does not generate interest.

Besides gold, other precious metals also recorded gains. Silver prices rose 0.4% to $30.23 an ounce, platinum increased 1.3% to $925.33, while palladium fell slightly 0.5% to $914.18.

Gold price forecast

Technically, gold bulls still have the upper hand in the short term. This week’s developments show that the bears have weakened. The next target for bulls is to push the price above the resistance at $3,201.

Meanwhile, if gold falls again, strong support is around $2,950. The immediate price zones to watch are resistance at $3,050 and support at $3,000.

Manav Modi of Motilal Oswal said the market had been in a state of panic earlier in the week due to false rumours that President Trump might suspend tariffs to negotiate with trade partners. However, concerns about a global trade war continued to support gold prices in the following session, helped by increased safe-haven demand.

The factors that drove gold higher in the late 1970s – the Iranian revolution and the oil crisis – were resolved relatively quickly, causing prices to cool down quickly. But now, the breakdown in international cooperation is keeping gold at a long-term high, which, he says, shows that geopolitical demand for gold is becoming more evident.

Unlike previous crises that saw coordinated responses from countries, there is no sign that policies will move in the same direction, said expert George Griffiths from AMT Futures.

While gold prices have been hitting new records, there is still one level that has not been conquered: $850 an ounce in January 1980, or about $3,486 in today's money. According to StoneX expert Rhona O'Connell, gold has reached a new high in nominal terms, but not necessarily when adjusted for inflation.

Bank of America strategist Michael Widmer recently raised his gold price forecast to $3,063 in 2025 and $3,350 in 2026. He even believes gold could hit $3,500 in the next two years. He said calling $3,000 is easy, but calling $3,500 is a challenge.

This week, in addition to the Fed's meeting minutes and economic data such as the US CPI and PPI, the market will also monitor the interest rate decision of the Reserve Bank of India (RBI), as this is also a factor that can indirectly affect the global gold price trend.

Quoc Duong