Gold price update morning of April 23: Gold rings, SJC gold bars continue to decrease

Khương Duy |

Gold price update morning of April 23: The world market is under a lot of pressure. Domestically, gold prices decreased around the threshold of 600,000 VND/tael.

SJC gold bar price

As of 6:00 AM on April 23, SJC gold bar prices were listed by DOJI at 167.5-170 million VND/tael (buying - selling), down 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 2.5 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at 167.5-170 million VND/tael (buying - selling), down 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 2.5 million VND/tael.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

Phu Quy Jewelry Group listed SJC gold bar prices at 167.5-170 million VND/tael (buying - selling), down 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 2.5 million VND/tael.

Giá vàng miếng SJC tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
SJC gold bar price at some business units. Unit: VND/tael. Table: Khuong Duy

9999 gold ring price

As of 6:00 AM on April 23, DOJI listed the price of gold rings at 167-170 million VND/tael (buying - selling), down 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 167-170 million VND/tael (buying - selling), down 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Gold ring price movements in recent trading sessions. Chart: Khuong Duy

Phu Quy Gold and Gems Group listed the price of gold rings at 167-170 million VND/tael (buying - selling), down 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 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.

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
Price of plain gold rings at some business units. Unit: VND/tael. Table: Khuong Duy

World gold price

At 9:50 PM on April 22, world gold prices were listed around the threshold of 4,737.2 USD/ounce, down 40.3 USD compared to the previous day.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in world gold prices in recent trading sessions. Chart: Khuong Duy

Gold price forecast

World gold prices, although there was a slight recovery in the session thanks to bottom-fishing buying, weakening the USD and rising oil prices, the general trend is still under adjustment pressure after the previous sharp decline.

The market is still dominated by geopolitical developments in the Middle East and fluctuations in oil prices. These factors continue to support the safe-haven role of gold, but in the short term, investors' cautious sentiment is still quite large as gold prices have risen to a very high level and profit-taking phases have continuously appeared.

In addition, the People's Bank of China pumping more liquidity into the financial system is considered a supporting factor for the commodity market in general. However, investors are still closely monitoring the diễn biến of the USD, US bond yields and new signals from geopolitical tensions to assess the next trend of gold.

Technically, the nearest resistance level for gold is at 4,800 USD/ounce, followed by 4,854.8 USD/ounce. Meanwhile, the important support is 4,733.1 USD/ounce, followed by 4,700 USD/ounce. If these support levels are lost, gold prices may continue to bear downward pressure in the short term.

Gold price data is compared to the previous day.

The world gold and silver market operates through two main pricing mechanisms. The first is the spot market, where the buying and selling and immediate delivery prices are listed. The second is the futures market, where prices are set for future delivery.

Due to the impact of year-end position restructuring and market liquidity, the December gold futures contract is currently the most actively traded contract on the CME exchange.

See more news related to gold prices HERE...

Khương Duy
RELATED NEWS

Gold price update closing session 22. 4: Prolonged decline, weakening buying power

|

Gold price update closing session 22. 4: Domestic gold continues to decrease. The market is under adjustment pressure as world prices fluctuate and buying power weakens.

World gold prices fall as USD rises

|

World gold prices fell sharply as the USD appreciated, investors are cautious about new developments from the Iranian conflict and US interest rate policy.

Gold prices under pressure as US retail sales surge

|

Gold prices fluctuated below the threshold of 4,800 USD/ounce as US retail sales increased sharply, reducing expectations that the Fed will soon cut interest rates in the near future.

Trade union news: Proposal to increase the base salary to 2.7 million VND/month from July 1st

|

Trade union news includes the following contents: Proposal to increase the base salary to 2.7 million VND/month from July 1, 2026; Visiting workers in social housing projects...

Lao Cai urgently overcomes the consequences after heavy rain and thunderstorms

|

Lao Cai - Heavy rain accompanied by thunderstorms, strong gusts of wind and localized hail have caused damage in many communes and wards in the province.

Evaluating the situation of arranging and using non-specialized personnel at the commune level

|

In the near future, the situation of arranging and using non-specialized commune-level personnel to perform support tasks for new commune-level administrative units will be assessed.

Russia offers Pantsir-S1M shields for Southeast Asia, opening up UAV cooperation

|

Russia offers to sell the Pantsir-S1M combat air defense system to Southeast Asia and affirms its readiness to expand drone cooperation.

Man City surpasses Arsenal to lead Premier League

|

On the morning of April 23 (Vietnam time), Man City took the top spot in the Premier League from Arsenal after a minimal victory over Burnley.

Gold price update closing session 22. 4: Prolonged decline, weakening buying power

Khương Duy |

Gold price update closing session 22. 4: Domestic gold continues to decrease. The market is under adjustment pressure as world prices fluctuate and buying power weakens.

World gold prices fall as USD rises

Khương Duy |

World gold prices fell sharply as the USD appreciated, investors are cautious about new developments from the Iranian conflict and US interest rate policy.

Gold prices under pressure as US retail sales surge

Khương Duy |

Gold prices fluctuated below the threshold of 4,800 USD/ounce as US retail sales increased sharply, reducing expectations that the Fed will soon cut interest rates in the near future.