Gold Price Today (April 30): SJC Gold Maintains Record-High Levels, Global Gold Slightly Declines

1. Domestic gold prices remain high on April 30

As of the afternoon of April 30, domestic gold prices continue to stay at record-high levels. Notably, SJC gold is trading steadily at VND 119.3 million (buying) to VND 121.3 million (selling) per tael, unchanged compared to the previous session.

At major retailers such as Saigon Jewelry Company (SJC), DOJI Group, and Bao Tin Minh Chau, the buying price is consistently listed at VND 119.3 million/tael, while the selling price remains at VND 121.3 million/tael.

Meanwhile, Phu Quy Jewelry Group is buying SJC gold at VND 118.3 million/tael and selling at VND 121.3 million/tael, maintaining the same range as the previous day.

As for PNJ-branded gold rings, prices in Hanoi and Ho Chi Minh City remain stable, with the buying price at VND 114 million/tael and the selling price at VND 117 million/tael.

2. Domestic gold increases over VND 20 million in one month

From March 30 to April 30, domestic gold prices in Vietnam have recorded a sharp increase:

Buying price: rose from VND 98.4 million to VND 119.3 million/tael, an increase of VND 20.9 million/tael

Selling price: increased from VND 100.7 million to VND 121.3 million/tael, gaining VND 20.6 million/tael

This is the most significant monthly rise seen so far in 2025, reflecting increasing investor interest in gold as a safe-haven asset amid ongoing global uncertainties.

3. Global gold prices dip amid easing U.S.–China tensions

In contrast to Vietnam's domestic market, international gold prices on April 30 witnessed a mild downturn. Spot gold fell USD 13.4/ounce compared to the previous trading session, settling at USD 3,303.3/ounce.

This drop occurred as trade tensions between the U.S. and China showed signs of cooling, prompting investors to briefly shift away from gold. However, the market remains cautiously optimistic as it awaits key economic data from the U.S. to be released later this week — data that may influence the next move by the Federal Reserve (Fed) regarding its monetary policy.

4. Expert insights: Is gold still on track for new highs?

Despite the temporary pullback, many financial analysts remain bullish on the future of gold.

Bernard Dahdah, commodity analyst at Natixis, noted that gold is building a strong support level around USD 3,000/ounce. He emphasized the importance of tracking Chinese gold demand, which could significantly impact future prices.

Michael Matousek, head trader at US Global Investors, stated that it is natural for gold to fluctuate after surpassing USD 3,500/ounce. He predicts that gold could rise to USD 3,590/ounce, with the potential to reach USD 3,800/ounce by the end of 2025.

Marc Chandler, Managing Director at Bannockburn Global Forex, shared that a weaker U.S. dollar has offset the effect of high interest rates, pushing gold to new heights. He sees USD 3,300 to 3,500/ounce as potential mid-term targets.

5. Outlook and investment recommendations

Given current developments, analysts believe that gold prices are likely to continue fluctuating, especially as markets digest:

Upcoming Fed interest rate decisions

Ongoing geopolitical risks

Volatility in global equity and currency markets

In this context, gold remains a preferred safe-haven investment, especially with the U.S. dollar under pressure and inflation risks lingering. However, investors are advised to carefully monitor market movements and adopt a diversified portfolio strategy to balance risks and opportunities.

In conclusion, gold prices in Vietnam on April 30 remain at historical highs, while global gold prices have slightly declined. The outlook for gold continues to be optimistic, with several analysts forecasting further gains in the coming months depending on global economic developments.

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