Gold price today (April 9): Strong increase in buying price - Lang Son Newspaper and Radio and Television Station

Domestic gold price today

Ending on April 8, The price of gold bars has been adjusted to increase sharply in the buying direction. Currently, gold brands are buying at 97.7 million VND/tael and selling at 100.2 million VND/tael. Particularly, Bao Tin Minh Chau gold is buying at 100,000 VND higher than other brands.

Similarly, the price of gold rings of various brands also increased. Specifically, the price of SJC 9999 gold rings was adjusted up by VND600,000 for buying and VND100,000 for selling to VND97.6 million/tael and VND100.1 million/tael, respectively.

Domestic gold prices increase. Photo: thanhnien.vn

DOJI in Hanoi and Ho Chi Minh City markets listed the price of gold rings at 97.7 million VND/tael and 100.2 million VND/tael.

PNJ brand gold ring price is listed at 97.7 million VND/tael and 100.2 million VND/tael, an increase of 200,000 VND in buying price and 100,000 VND in selling price.

Bao Tin Minh Chau listed the price of plain round gold rings at 98 million VND/tael for buying and 100.3 million VND/tael for selling, an increase of 400,000 VND for buying price.

Phu Quy SJC is buying gold rings at 97.7 million VND/tael and selling at 100.3 million VND/tael, an increase of 200,000 VND in buying price but a decrease of 200,000 VND in selling price.

Domestic gold bar prices updated at 5:30 am on April 9 as follows:

Yellow	Area	Early morning of April 8				Early morning of April 9			Difference
		Buy	Sell out			Buy	Sell out		Buy	Sell out
		Unit: Million VND/tael							Unit: Thousand VND/tael
DOJI	Hanoi	97.1		100.1		97.7		100.2	+600	+100
	Ho Chi Minh City	97.1		100.1		97.7		100.2	+600	+100
SJC	Ho Chi Minh City	97.1		100.1		97.7		100.2	+600	+100
	Hanoi	97.1		100.1		97.7		100.2	+600	+100
	Da Nang	97.1		100.1		97.7		100.2	+600	+100
PNJ	Ho Chi Minh City	97.1		100.1		97.7		100.2	+600	+100
	Hanoi	97.1		100.1	97.7			100.2	+600	+100
Bao Tin Minh Chau	Nationwide	97.3		100.1	97.8			100.2	+500	+100
Phu Quy SJC	Nationwide	97.3		100.1	97.7			100.2	+400	+100

World gold price today

World gold prices were stable, with spot gold falling $2.3 to $2,983.2 an ounce. Gold futures last traded at $2,998.2 an ounce, up $7.5 from early yesterday morning.

Gold prices were little changed from early yesterday morning but were down sharply from the day's gains. The precious metal had surged earlier in the session, boosted by safe-haven demand due to concerns over global trade tensions and a weaker dollar. However, gold soon pared earlier gains as U.S. Treasury yields rose. The benchmark 10-year yield rose to a one-week high, making gold less attractive.

Despite falling for three consecutive sessions, concerns about trade tensions and the prospect of lower US interest rates still increase the appeal of gold, said senior analyst Lukman Otunuga of FXTM.

According to Otunuga, if gold breaks above $3,055 an ounce, prices could fall back to $3,100 an ounce and $3,130 an ounce. Conversely, if prices remain below $3,000 an ounce for an extended period, the precious metal could slide to $2,950 an ounce and $2,930 an ounce.

Concerns about a global trade war since US President Donald Trump announced reciprocal tariffs on April 2 have raised fears of an economic recession and pushed investors to seek safe-haven assets such as gold.

World gold price remains below 3,000 USD/ounce. Photo: Getty Images

A White House official said the US will impose a 104% tariff on China starting at 0:00 on April 9, Washington time, after Beijing refused to lift retaliatory tariffs.

Investors are now waiting for the minutes of the US Federal Reserve's latest policy meeting scheduled for Wednesday for more information on the path of interest rate cuts.

Traders are pricing in about a 40% chance the Fed will cut interest rates in May.

In a recent note, Commerzbank said that the significant increase in interest rate cut expectations in recent days suggests that gold prices will likely rise again soon.

Gold prices have risen nearly 15% year-to-date thanks to increased demand for safe havens due to geopolitical and economic uncertainty, strong central bank demand and increased flows into exchange-traded funds.

With the domestic gold bar price increasing and the world gold price listed at Kitco at 2,983.2 USD/ounce (equivalent to about 94 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 6.2 million VND/tael.

Source: https://baolangson.vn/gia-vang-hom-nay-9-4-tang-manh-chieu-mua-5043509.html