At the close of trading on March 18th , the price of gold bars at SJC closed at 96.7-98.2 million VND/ounce (buy-sell), an increase of 1.9 million VND per ounce in the buying price and 2.1 million VND per ounce in the selling price compared to the close of trading yesterday.
At the close of trading, the price of SJC gold rings (1-5 tael) was listed at 96.6-98.1 million VND/tael (buy - sell), an increase of 1.9 million VND per tael in the buying price and 2.1 million VND per tael in the selling price compared to yesterday's closing price.
Meanwhile, the price of 9999 gold rings at Doji closed the session at 97.2-98.7 million VND/ounce, an increase of 2.1 million VND per ounce in both buying and selling prices compared to yesterday's closing price.
This afternoon, world gold prices continued to rise. At 2:44 PM today (March 18th, Vietnam time), the spot price of gold was $3,018 per ounce, an increase of $6.5 per ounce compared to midday.
Following the same trend, domestic gold prices continued to adjust to new highs this afternoon.
The price of 9999 gold from SJC increased by 300,000 VND/ounce in both buying and selling prices late this afternoon, reaching 96.7-98.2 million VND/ounce (buying - selling).
Earlier this afternoon, the price of 9999 gold from SJC increased by 700,000 VND/ounce for both buying and selling, reaching 96.4-97.9 million VND/ounce (buying - selling).
Gold ring prices also saw a sharp increase this afternoon, reaching a record high of 98.7 million VND/ounce (selling price).
Late this afternoon, Saigon Jewelry Company (SJC) raised the price of gold rings weighing 1-5 taels to 96.6-98.1 million VND/tael (buy - sell), an increase of 300,000 VND per tael in both buying and selling prices.
Doji Gold and Gemstone Group raised the buying and selling price of 9999 gold rings to 97.2-98.7 million VND/ounce, an increase of 300,000 VND per ounce in both buying and selling prices.
Saigon Jewelry Company (SJC) raised the price of gold rings (1-5 tael) to 96.3-97.8 million VND/tael (buy - sell) this afternoon, an increase of 700,000 VND per tael in both buying and selling prices compared to midday today.
This afternoon, Doji Gold and Gemstone Group listed the buying and selling prices of 9999 gold rings at 96.9-98.4 million VND/ounce, an increase of 700,000 VND per ounce in both buying and selling prices compared to midday.
This afternoon, world gold prices continued to rise. At 11:02 AM today (March 18th, Vietnam time), the spot price of gold was $3,011.5 per ounce, an increase of $7.7 per ounce compared to earlier this morning.
Domestic gold ring prices were adjusted upwards by various brands this morning, reaching a record high of 97.7 million VND/ounce (selling price).
At 9:56 AM, Saigon Jewelry Company (SJC) raised the price of gold rings weighing 1-5 taels to 95.6-97.1 million VND/tael (buy - sell), an increase of 300,000 VND per tael in both buying and selling prices compared to earlier this morning.
At 10:09 AM, Doji Gold and Gemstone Group listed the price of 9999 gold rings at 96.2-97.7 million VND/ounce (buy - sell), an increase of 300,000 VND per ounce in both buying and selling prices compared to this morning.
Early this morning, Saigon Jewelry Company (SJC) listed the price of gold rings weighing 1-5 taels at 95.3-96.8 million VND/tael (buy - sell), an increase of 600,000 VND per tael in the buying price and 800,000 VND per tael in the selling price compared to yesterday.
At the start of trading this morning, Doji Gold and Gemstone Group was trading 9999 gold rings at 95.9-97.4 million VND/ounce (buy - sell), an increase of 800,000 VND per ounce in both buying and selling prices compared to yesterday's closing price.
| Buying price (VND/ounce) | Increase/Decrease | Selling price (VND/ounce) | Increase/Decrease | |
| SJC | 96,600,000 | + 1,900,000 | 98,100,000 | + 2,100,000 |
| Doji | 97,200,000 | + 2,100,000 | 98,700,000 | + 2,100,000 |
Updated gold ring prices for SJC and Doji on the afternoon of March 18th.
At the opening of trading on March 18th , the price of 9999 gold from SJC increased by 600,000 VND per tael for buying and 800,000 VND per tael for selling compared to the closing price yesterday, reaching 95.4-96.9 million VND/tael (buying - selling).
By 9:56 AM , the price of 9999 gold from SJC had increased by 300,000 VND per tael for both buying and selling, reaching 95.7-97.2 million VND/tael (buying - selling).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 3:38 PM and by Doji Gold and Jewelry Group at 3:30 PM as follows:
| Buying price (VND/ounce) | Increase/Decrease | Selling price (VND/ounce) | Increase/Decrease | |
| SJC Ho Chi Minh City | 96,700,000 | + 1,900,000 | 98,200,000 | + 2,100,000 |
| Doji Hanoi | 96,700,000 | + 1,900,000 | 98,200,000 | + 2,100,000 |
| Doji Ho Chi Minh City | 96,700,000 | + 1,900,000 | 98,200,000 | + 2,100,000 |
Updated gold bar prices for SJC and Doji on the afternoon of March 18th.
The central exchange rate for March 18th , announced by the State Bank of Vietnam, is 24,793 VND/USD, a decrease of 1 VND compared to the previous trading session. The USD exchange rate at commercial banks this morning (March 18th) is commonly quoted at 25,320 VND/USD (buying) and 25,710 VND/USD (selling).
At 8:41 AM today (March 18th, Vietnam time) , the spot price of gold in the world market was $3,003.8 per ounce, an increase of $15.9 per ounce compared to last night. The price of gold futures for April 2025 on the Comex New York exchange was $3,013 per ounce.
On the morning of March 18th , the world gold price, converted using the bank's USD exchange rate, was over 93.1 million VND/ounce, including taxes and fees, which is approximately 3.8 million VND/ounce lower than the domestic gold price.
Gold prices on the Kitco exchange at 8:30 PM (March 17th, Vietnam time) were trading at $2,987.9 per ounce, up 0.09% from the beginning of the session. Gold futures for April 2025 delivery on the Comex New York exchange were trading at $3,004.5 per ounce.
At the start of trading on March 17 (US time), world gold prices rose slightly. The precious metals market continued to be bolstered by safe-haven demand amid growing concerns about a global trade war.
According to Adrian Day, president of Adrian Day Asset Management, even though US President Donald Trump has tried to ease trade war tensions and offered a clearer plan, concerns in the precious metals market remain.
However, Adrian Day believes that central banks will continue to buy gold, and this is a factor that will push gold above the $3,000 per ounce mark.
Meanwhile, Sean Lusk, co-director of commercial insurance at Walsh Trading, suggests that precious metal prices could fluctuate in both directions, up and down, in the short term, as gold prices are heavily influenced by daily news.
According to Darin Newsom, senior market analyst at Barchart.com, neither fundamental nor technical analysis matters at the moment. Gold remains a safe-haven asset amid global economic and political uncertainty.
At the close of trading on March 17th, the price of gold bars at SJC closed at 94.8-96.1 million VND/ounce (buy-sell), an increase of 500,000 VND per ounce in the buying price and 300,000 VND per ounce in the selling price compared to the closing price of the previous week.
Meanwhile, SJC gold rings are listed at 94.7-96 million VND/ounce (buy - sell), a similar increase to gold bars. Doji gold rings are priced at 95.1-96.6 million VND/ounce, an increase of 200,000 VND (buying price) and 300,000 VND (selling price) per ounce compared to the closing price of last week.
At Bao Tin Minh Chau gold brand alone, the price of SJC gold and plain rings is listed at 92.5-96.8 million VND/ounce - an unprecedented high.
Gold price forecast
Experts believe that while the factors driving a long-term upward trend for gold remain intact, there are still some risks associated with such high gold prices in the current environment.
Accordingly, gold prices may face some difficulties. As the market approaches the end of the first quarter, investors will likely be inclined to take profits as gold remains at historical highs. Investors currently holding gold risk exposure.
CPM Group analysts note that profit-taking could push prices down to $2,980 per ounce in the coming days, but maintaining long-term buying positions is reasonable given the significant economic and political uncertainties that remain.
Alex Kuptsikevich, a market analyst at FxPro, commented that the easing inflationary pressure last week also contributed to the rise in gold prices. Furthermore, it created conditions for the US Federal Reserve (Fed) to cut interest rates this year. He expects the Fed to cut interest rates twice by the end of the year.
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