Since Monday (March 24), the buying price of SJC gold and plain rings has increased simultaneously, totaling 2.3 million VND per tael over 3 days. The difference between buying and selling prices has narrowed to 1.7 million VND/tael.

Domestic gold ring prices were adjusted up quite strongly by brands early this morning.

Early this morning, Saigon Jewelry Company (SJC) listed the price of gold rings of type 1-5 at only 96.4-98 million VND/tael (buy - sell), an increase of 600 thousand VND per tael for buying and 300 thousand VND per tael more expensive for selling compared to yesterday's closing price.

Doji Gold and Gemstone Group traded 9999 gold rings at VND96.3-98.7 million/tael (buy - sell) early this morning, up VND200,000 per tael for buying and unchanged for selling compared to yesterday's closing price.

At 9:42 a.m., Doji Gold and Gemstone Group raised the price of 9999 gold rings to VND96.5-98.8 million/tael (buy - sell), up VND200,000 per tael for buying and VND100,000 per tael for selling compared to early this morning.

                             SJC and Doji gold ring price list updated morning of March 26

At the opening of the trading session on March 26, the price of SJC 9999 gold increased by VND600,000 per tael for buying and VND300,000 per tael for selling compared to the closing price of yesterday's trading session, reaching VND96.5-98.2 million/tael (buying - selling).

The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 9:06 am and the price of 9999 gold was listed by Doji Jewelry Group at 9:20 am as follows:

                         SJC and Doji gold bar price list updated on the morning of March 26

The central exchange rate on March 26 was announced by the State Bank at 24,851 VND/USD, up 4 VND compared to the previous trading session. The USD price at commercial banks this morning (March 26) was commonly listed at 25,410 VND/USD (buy) and 25,800 VND/USD (sell).

At 9:28 a.m. today (March 26, Vietnam time), the world spot gold price was at 3,024.6 USD/ounce, up 0.6 USD/ounce compared to last night. The gold futures price for June 2025 on the Comex New York floor was at 3,058.2 USD/ounce.

On the morning of March 26, the world gold price converted to the bank USD price was at over 94.9 million VND/tael, including taxes and fees, about 3.3 million VND/tael lower than the domestic gold price.

At 8:00 p.m. on March 25 (Vietnam time), the international spot gold price today was at 3,024 USD/ounce. Gold for June 2025 on the Comex New York floor was at 3,055 USD/ounce.

The world gold price on the night of March 25 was about 46.6% higher (961 USD/ounce) than at the beginning of 2024. The world gold price converted to the bank USD price was 95 million VND/tael, including taxes and fees, about 2.9 million VND/tael lower than the domestic gold price as of the end of the afternoon session on March 25.

The international gold price has had sharp declines, and domestically, SJC gold and smooth round gold rings have also dropped very quickly after setting a record of 100 million VND/tael.

After reaching a historic peak on March 20 at 3,055 USD/ounce, the world gold price has turned around and decreased quite sharply, several times down to the threshold of 3,000 USD/ounce. SJC gold also dropped to 97 million VND/tael (selling price), while gold rings fell to 98 million VND.

However, domestic and international gold prices are showing signs of increasing again due to stronger bottom-fishing demand.

World gold prices are increasing again in the context of the USD still in a weakening trend when the US economy may face difficulties, the US Federal Reserve (Fed) is expected to continue its monetary policy easing cycle with two expected interest rate cuts in the remaining period of 2025.

Domestic gold prices are increasing again. Photo: HH

Gold is also increasing due to geopolitical instability in some regions that need more time to reduce tensions.

In the session on March 25, the DXY index - measuring the fluctuations of the USD against a basket of 6 major currencies - decreased by 0.25% to 103.9 points, much lower than the level of 110 points in mid-January.

Domestic gold prices are also increasing due to the exchange rate continuing to rise. The USD/VND exchange rate at Vietcombank on March 25 was 25,810 VND/USD (selling).

Domestically, by the end of the trading session on March 25, the price of 9999 gold bars at SJC and Doji was listed at 95.9-97.9 million VND/tael (buying - selling), an increase of 800,000 VND for buying and 300,000 VND for selling compared to the previous session.

The price of gold rings also increased again and is not far from the new record of 100 million VND/tael on March 20.

On the evening of March 25, SJC announced the price of gold rings of type 1-5 at only 95.8-97.7 million VND/tael (buying - selling), an increase of 800,000 VND for buying and 300,000 VND for selling compared to the previous session. Doji listed the price of 9999 smooth round gold rings at 96.1-98.7 million VND/tael (buy - sell), an increase of 300,000 VND in both directions.

Gold Price Forecast

Despite falling after reaching a new peak of 3,055 USD/ounce on March 20, the world gold price is still maintained above the important threshold of 3,000 USD/ounce. Stability above this level is considered a positive signal, reflecting the cautious sentiment of investors in the face of global political and economic instability.

In the short term, until the end of March, according to expert Colin Cieszynski from SIA Wealth Management, the gold price will continue to fluctuate around 3,000 USD/ounce. The market is waiting for more signals from the main US tax list and political forums in the Middle East and Eastern Europe.

If there is no sudden change, the gold price may fluctuate at a narrow range of 2,980-3,050 USD/ounce.

On Kitco, George Milling-Stanley, chief gold strategist at State Street Global Advisors, said he does not expect the Fed's current neutral stance to pose much of a threat to gold prices for the rest of the year.

The gradual decline in US interest rates will not provide much support for the greenback.

According to Milling-Stanley, uncertainties surrounding US President Donald Trump's potential tariffs will outweigh the impact of the Fed's monetary policy on the US dollar. This is also a factor that will cause money to flow into gold.

In the medium term, gold is forecast to surpass the recent peak of $3,055 after investors return to gold after a period of decline. However, this depends a lot on the geopolitical situation in some regions and the strength of the US dollar.

Some forecast that Mr. Trump's tariff policy may be less intense than previously expected, reducing the threat of a global trade war.