Vietnam Gold Bar Prices Skyrocket on April 17: Domestic Gold Surges Past VND 118 Million/tael

On the morning of April 17, 2025, Vietnam's gold market experienced a stunning surge. Gold bar prices soared to a historic high, surpassing VND 118 million per tael—a level never seen before. This price spike occurred just hours after global gold prices reached another all-time high. So, what’s driving this explosive rise in Vietnam’s domestic gold prices?

1. Domestic Gold Prices Soar to Record Highs

As of 11:05 AM on April 17, major gold retailers across the country—including SJC, DOJI (both in Hanoi and Ho Chi Minh City), Bảo Tín Minh Châu, and Phú Quý—reported sharp increases in gold bar prices:

Buy-in price: Around VND 115.5 million/tael

Sell-out price: Reaching VND 118 million/tael

Change: Up by VND 2.5 million/tael for both buying and selling compared to the previous day's closing

This marks the first time ever that gold bars in Vietnam have surpassed VND 115 million and headed straight toward VND 120 million/tael—shattering previous records within less than 24 hours.

2. Why Are Domestic Gold Prices Rising So Fast?

Several factors—both global and domestic—are contributing to this steep increase in Vietnam’s gold prices:

a. Influence from Global Gold Prices

Global spot gold hit a new record at $3,357.40/ounce in the previous trading session, marking the third all-time high within April 2025. This strong international momentum directly fuels the rally in Vietnam’s domestic gold market.

b. Investor Sentiment and Safe-Haven Demand

Vietnamese investors are increasingly shifting toward safe-haven assets like gold amid mounting economic uncertainties, global inflation, and geopolitical tensions. Gold remains a top choice during volatile times.

c. Local Supply and Demand Imbalance

Vietnam’s gold market often faces structural imbalances. The restricted circulation of gold bars and limited licensing for gold imports creates tight supply, while demand for physical gold continues to rise—especially during price spikes.

3. What Do Experts Say?

According to financial analysts and gold market specialists:

Mr. Nguyễn Thanh Hưng, a veteran gold trader, stated: “This price surge clearly reflects investor anxiety over macroeconomic instability. However, a sharp climb like this also signals potential short-term correction risks.”

Ms. Lê Thu Phương, market analyst, noted: “If international gold prices hold or continue to climb, domestic gold could soon test the VND 120 million/tael threshold. However, it’s essential to watch for possible regulatory interventions.”

4. Should You Buy, Sell, or Hold?

With prices at record highs, many investors are unsure whether to jump in, cash out, or stay on the sidelines. Here are some general guidelines:

If you bought earlier at lower prices, now could be a good time to lock in profits.

If you're considering long-term accumulation, exercise caution and avoid emotional decisions.

Closely monitor global gold trends, as well as monetary policy shifts and domestic market regulations.

5. Outlook for Vietnam’s Gold Prices

In the short term, domestic gold prices may remain elevated if global trends continue upward and investor sentiment stays cautious. However, analysts warn of a possible mild correction due to profit-taking and the natural ebb and flow of market psychology.

In the medium to long term, gold is still viewed as a strong hedge against economic volatility, particularly in emerging markets like Vietnam.

6. Conclusion

On April 17, 2025, Vietnam’s gold market made history, with gold bar prices surging past VND 118 million/tael. This surge reflects broader financial concerns and strong safe-haven demand, both globally and locally. While gold remains a top investment asset, investors should remain level-headed and stay informed about upcoming macroeconomic shifts.

Infofinance.com

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