Gold Prices This Afternoon (April 24): Soar by Up to VND 2 Million per Tael

On the afternoon of April 24, domestic gold prices surged sharply by up to VND 2 million per tael. Experts are warning of potential risks and advising investors to remain cautious.

1. Domestic Gold Prices Jump Sharply This Afternoon (April 24)

On April 24, gold prices in Vietnam unexpectedly reversed course and rose significantly, with increases ranging from VND 800,000 to VND 2 million per tael depending on brand and region.

Latest domestic gold price updates:

- SJC Gold (Hanoi & Da Nang):
Buy: VND 118.5 million/tael (up VND 2 million)
Sell: VND 121 million/tael (up VND 1.5 million)

- SJC Phu Quy:
Buy: VND 118 million/tael (up VND 1.5 million)
Sell: VND 121 million/tael (up VND 1.5 million)

- DOJI (Hanoi & HCMC):
Buy: VND 118.5 million/tael
Sell: VND 121 million/tael

- PNJ (Hanoi & HCMC):
Buy: VND 113.5 million/tael (up VND 800,000)
Sell: VND 116.8 million/tael (up VND 900,000)

- Bao Tin Minh Chau:
Buy: VND 118.5 million/tael
Sell: VND 121 million/tael

2. Volatile Market – Caution Advised for Investors

Financial experts continue to issue warnings about the potential risks of gold investment amid increasingly unpredictable market fluctuations. The erratic nature of gold price movements makes it extremely difficult to forecast future trends.

Additionally, the significant spread between buying and selling prices reduces potential profits and increases transaction costs. Experts recommend that investors should:

Carefully evaluate macroeconomic indicators

Consider their personal financial capacity

Avoid following market sentiment blindly

3. Impact from International Markets

Some international analysts suggest that if U.S.-China trade tensions continue to ease, gold prices may come under downward pressure in the near future.

Giovanni Staunovo from UBS stated:
"Dovish remarks from President Trump and positive signals from China have helped calm market concerns, putting downward pressure on gold prices."

However, he remains optimistic about the long-term outlook for bullion.

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