The Alluring Alloy: A Tale of Fluctuating Fortunes As the sun set on April 10th, the domestic gold price took a downturn, relinquishing its hold on the 104 million dong per tael mark.

By the end of the day, gold bar prices at major brands such as Bao Tin Minh Chau, PNJ, SJC, and DOJI dropped to 100.6 – 103.6 million VND per tael, down an average of 300,000 VND per tael from the intra-day peak.

Gold ring prices were also adjusted similarly. Specifically, Bao Tin Minh Chau listed its prices at 100.7 – 103.7 million VND per tael; PNJ at 99.9 – 102.9 million VND per tael; SJC and DOJI listed their prices at 99.8 – 102.8 million VND per tael and 100 – 102.3 million VND per tael, respectively.

—

Just under an hour after opening, gold businesses continued to raise their selling and buying prices. Currently, Bao Tin Minh Chau has adjusted its gold ring prices to 101-104 million VND per tael, an increase of 2 million VND per tael compared to the beginning of the morning session.

Meanwhile, gold bar prices at Bao Tin Minh Chau, PNJ, SJC, and DOJI also rose by nearly 2 million VND, all reaching 100.9 – 103.9 million VND per tael (buy-sell).

Domestic gold prices surged as world gold prices approached their historical highs. The spot gold price is currently around 3,128 USD/ounce, up 46 USD from the previous session’s close.

—

Just a few minutes after the opening of the trading session on April 10, major gold brands such as Bao Tin Minh Chau, PNJ, SJC, and DOJI simultaneously adjusted their gold bar prices higher, reaching 100.4 – 103.4 million VND per tael. Specifically, the buying price increased by 700,000 VND per tael, while the selling price surged by 1.5 million VND per tael compared to the previous session.

The gold ring prices also witnessed a significant increase. At Bao Tin Minh Chau, gold rings were listed at 100.5 – 103.5 million VND per tael. PNJ adjusted its prices to 99.8 – 101.9 million VND per tael, SJC maintained its prices at 100 – 103 million VND per tael, and DOJI listed its gold ring prices at the threshold of 100.2 – 102.5 million VND per tael.

—

At the beginning of the morning session, Mi Hong in Ho Chi Minh City adjusted its gold bar prices, increasing the buying price by 800,000 VND per tael and the selling price by 600,000 VND per tael compared to the previous session’s close. Currently, the gold ring prices are listed at 100.5 – 102.5 million VND per tael.

The gold ring prices were also adjusted upwards, with a 600,000 VND per tael increase in the buying price and a 1 million VND per tael surge in the selling price, now fluctuating around 99.2 – 101.5 million VND per tael.

Meanwhile, at Bao Tin Minh Chau, the gold ring prices remained unchanged from the previous session’s close, listed at 99.9 – 102 million VND per tael. At PNJ, SJC, and DOJI, the gold ring prices were listed at 99.5 million VND per tael for buying and ranged from 101 to 101.9 million VND per tael for selling.

Regarding gold bar prices, these enterprises listed their buying prices around 99.7 – 99.8 million VND per tael and their selling prices at 101.9 million VND per tael.

In the world market, the spot gold price stood at 3,092 USD/ounce, a surge of 12 USD compared to the previous session. 

Gold prices recorded a significant surge today after President Donald Trump announced a temporary suspension of retaliatory tariffs. The precious metal rose more than 3% as the market reacted positively to this unexpected policy change.

Finance Minister Scott Bessent later clarified the details of the policy adjustment. According to Mr. Bessent, all countries except China will return to the basic tax rate of 10%, much lower than the previously announced rates, which had disrupted the global market. He also noted that taxes applied to specific industries would not be affected by the suspension.

This announcement triggered a strong recovery in the market after the violent sell-off days, which had caused key assets to depreciate and created a pessimistic sentiment in the US stock market, precious metals, and commodities market.

During the New York trading session, gold prices surged, with June gold futures rising 101.50 USD (equivalent to 3.39%) to 3,099.80 USD per ounce, after hitting an intra-day high of 3,118.50. Today’s impressive performance helped gold recover. The precious metal had declined by 192 USD between April 3 and April 8, mainly due to concerns over escalating trade tensions.

Supporting the growth of gold, the World Gold Council (WGC) stated that in the first quarter of 2025, investors showed strong interest. Gold exchange-traded funds (ETFs) recorded inflows of 226.5 tons, equivalent to about 21.1 billion USD, the highest in three years.

Market analysts believe that while the 90-day suspension brings temporary relief, there is still a lot of uncertainty about the long-term direction of US trade policy. Investors are closely monitoring the negotiations during this suspension period, especially the discussions with major trading partners and their potential impacts on inflation, supply chains, and global economic growth.