On the morning of 9/4, Saigon Jewelry Company (SJC) listed gold bar prices at 167,5 - 171,5 million VND per tael. Other major brands reported similar prices, reflecting a significant market adjustment.

Simultaneously, SJC increased plain gold ring prices by 3,5 million VND on both buying and selling sides, with prices ranging from 167 to 171 million VND per tael.

PNJ traded plain rings around 167,5 - 171 million VND. Other brands, including Doji, Bao Tin Minh Chau, and Bao Tin Manh Hai, also traded this gold type at 167,5 - 171,5 million VND.

The spread between the buying and selling prices for precious metals was widened by businesses to 4 million VND per tael, marking an increase of about one million VND from previous levels.

Domestic gold prices fell after world gold prices pared gains yesterday. During the 8/4 trading session, global gold briefly surpassed 4.800 USD per ounce before adjusting to close at 4.718 USD.

The international market saw a recovery as both the USD and oil prices declined, following a two-week ceasefire agreement between the US and Iran. However, Edward Meir, an analyst at Marex, cautioned that the situation remains uncertain, with negotiations potentially collapsing. Meir stated, "The recovery in financial markets is only short-term; difficulties are not over yet."

Converted using Vietcombank's exchange rate, world gold is equivalent to 150 million VND per tael. This means the domestic gold price is about 21 million VND higher than the global price, a notable reduction from the record 30 million VND gap observed at the end of March.

Silver bars and ingots also saw a 3,6% decrease. Phu Quy listed silver at 2,78 - 2,87 million VND per tael, equivalent to 74,3 - 76,5 million VND per kg. Ancarat traded this item around 2,78 - 2,87 million VND, while Sacombank - SBJ Company conducted transactions at 2,79 - 2,87 million VND.

Trong Hieu