On the morning of 14/4, Saigon Jewelry Company (SJC) raised gold prices on two occasions within the first 30 minutes of trading. At 9 am, the company listed gold bars at 170.5 - 173 million dong per tael. Other major brands quoted similar prices.

Plain gold rings at SJC also increased by 1.5 million dong for both buying and selling, reaching 170.2 - 172.7 million dong per tael. PNJ and Bao Tin Minh Chau listed this item similarly to SJC. Meanwhile, DOJI offered plain gold rings at 300,000 dong higher, around 170 - 173 million dong per tael.

Domestic gold prices rose in line with international trends. This morning, the global spot gold price increased by nearly 29 USD per ounce, reaching 4,768 USD.

The precious metal's price rebounded after two sessions of decline, fueled by hopes for a resolution to the conflict between the US and Iran. Despite the US blockade of the Strait of Hormuz, President Donald Trump stated that Iranian officials approached his administration, expressing a desire to "negotiate a deal".

Justin Lin, a strategist at Global X ETFs Australia, noted that gold prices are currently fluctuating based on interest rate expectations, rather than serving as a geopolitical safe haven asset. He assessed that inflation could pressure the precious metal in the short term, but it might also slow macro growth, a factor that "typically benefits" gold.

Converted at Vietcombank's exchange rate, the international gold price is equivalent to 152 million dong. This means that each tael of domestic gold has a discrepancy of about 21 million dong compared to the international price, narrowing the record "discrepancy" of 30 million dong seen at the end of March.

Silver bars and ingots also saw a 2.9% increase. Phu Quy listed this metal at 2.97 - 2.96 million dong per tael, equivalent to 76.6 - 79 million dong per kg. Ancarat traded this item around 2.86 - 2.95 million dong, while Sacombank - SBJ transacted at 2.86 - 2.94 million dong.

Trong Hieu