The gold market has witnessed another notable price increase today, April 22, 2025. According to local jewelry dealers, the selling price of 24K gold has risen to $419 per chi, while the buying price stands at $409 per chi. This continued upward trend in gold prices reflects growing demand in both domestic and international markets.
Alongside gold, the price of platinum has also seen significant changes:
- Platinum (7.5-grade) is currently selling at $305 per chi, with a buying price of $265.
- Platinum (7-grade) is priced at $285 per chi for selling and $245 for buying.
- Platinum (7VN-grade) is available at a selling price of $265 per chi, and a buying price of $245.
These price hikes have sparked interest and concern among consumers and investors alike. Experts in the field have attributed the surge in gold prices to three main factors:
- Ongoing trade tensions between the United States and China
The uncertain relationship between the two economic giants has triggered concerns in global markets, driving investors to seek safer investment options like gold. - Widespread economic uncertainty
Current economic instability has led central banks and private investors to diversify their assets and increase their gold reserves. This shift has pushed gold demand even higher, contributing to the price rise. - Depreciation of the U.S. Dollar
A weaker dollar typically leads to higher gold prices, as it becomes cheaper for investors using other currencies to buy gold, increasing international demand.
With these combined factors in play, experts predict that gold prices may continue to rise in the short term, especially if global uncertainties persist. Many in Cambodia are now keeping a close eye on the market, weighing their options for investment or selling their gold assets.
