Domestic gold prices hit record high despite global drop
VOV.VN - On the morning of April 18, domestic gold prices surged by 2 million VND per tael, reaching a new peak of VND 120 million per tael, the highest ever, despite a decline in global gold prices.
While domestic gold prices continue to rise sharply, global gold prices experienced a slight decline this morning. On April 18, global gold prices dropped by US$12/ounce compared to early yesterday, standing at 3,327 USD/ounce.
The minor decline in global gold prices was driven by profit-taking from investors after prices peaked. However, this drop in the precious metal's value was limited by the weakening of the US dollar and ongoing trade tensions.
According to analysts, the reversal in gold's price trend is partly due to profit-taking activities in the market.
The continuous rise in domestic gold prices is also attributed to concerns over US tariffs on other countries, according to gold expert Tran Duy Phuong.
The market is closely monitoring the actions of US President Donald Trump and China. He further emphasized that investors should be cautious with each transaction and carefully time their purchases and sales to avoid potential losses.
Gold ring prices edge up to record VND100 million per tael
VOV.VN - Domestic gold ring prices surged in line with global trends, breaking previous records to reach VND100 million per tael as of 11 a.m. on March 19.
