Gold price update morning of April 21st: Gold rings decrease, buying-selling spread still high

SJC gold bar price

As of 6:00 AM on April 21, SJC gold bar prices were listed by DOJI at the threshold of 168.3-171.3 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 700,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 168.3-171.3 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 700,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Jewelry Group listed the price of SJC gold bars at the threshold of 168.3-171.3 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 700,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

9999 gold ring price

As of 6:00 AM on April 21, DOJI listed the price of gold rings at the threshold of 168.3-171.3 million VND/tael (buying - selling), down 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Bao Tin Minh Chau listed gold ring prices at the threshold of 168-171 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Jewelry Group listed gold ring prices at the threshold of 168-171 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.

World gold price

At 11:00 PM on April 20, world gold prices were listed around the threshold of 4,799.1 USD/ounce, down 30.3 USD compared to the previous day.

Gold price forecast

World gold prices fell as profit-taking pressure increased, in the context of the USD recovering and US Treasury bond yields rising slightly. This development caused buying power in the precious metals market to somewhat slow down, although risk-worrying sentiment in the international market is still present.

According to records, June gold futures fell deeply, while silver prices also faced significant selling pressure. Analysts believe that at the present time, investors are prioritizing monitoring the strength of the greenback and the developments of US bond yields, instead of just reacting to geopolitical tensions.

However, the market still does not have enough momentum to support gold. Tensions in the Middle East continue to cast a shadow over investor sentiment after a series of new developments related to Iran, the Strait of Hormuz and tough statements from the US.

The risk of energy transport disruption through this strategic area has pushed oil prices up, thereby increasing concerns about global inflation.

A Bloomberg report said that the accumulated economic impact from weeks of conflict in the Middle East may begin to become clearer in a series of business surveys to be released in the near future. According to this assessment, the market is particularly concerned about the possibility that the global economy faces the risk of "inflation stagnation" - that is, growth slows down but price pressure remains high.

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that even if the conflict cools down soon, the global economy also needs significantly more time to recover. The IMF has also lowered its global growth forecast for 2026, while raising its inflation forecast due to the impact of rising energy and food prices.

Technically, analysts believe that the 5,000 USD/ounce mark continues to be an important resistance level for gold prices. In the opposite direction, the 4,500 USD/ounce zone is considered a strong support level in the short term.

In the context of high geopolitical risks, high oil prices and increased concerns about inflation, gold is likely to still maintain its role as a safe haven channel of interest. However, short-term correction pressure may continue if the USD and US bond yields continue to rise.