Gold price today March 20, 2025: World price skyrockets, domestic price exceeds 100 million VND/tael

World and domestic gold prices continue to rise, setting a new record, far exceeding 100 million VND/tael.

On the morning of March 20, the domestic gold price skyrocketed, exceeding 100 million VND/tael. Specifically, gold bars at Saigon Jewelry Company - SJC were bought at 98.6 million VND/tael, sold at 100.4 million VND, an increase of 600,000 VND for buying and 900,000 VND for selling. This is the highest price in the history of gold bars in Vietnam. Other gold and silver trading companies also sell gold bars at the same price as SJC Company.

Similarly, SJC's 4-number 9 gold ring, type 0.5 - 2, was bought at 98.6 million VND, sold at 100.43 million VND, an increase of 900,000 VND. Phu Nhuan Jewelry Company (PNJ) increased by 500,000 VND when buying gold rings at 98.6 million VND, sold at 100.4 million VND...

Gold price on the morning of March 20 increased rapidly, surpassing 100 million VND/tael

PHOTO: NGOC THANG

World gold prices soared to a new record of 3,054 USD/ounce, up 20 USD compared to yesterday. The precious metal maintained its upward momentum after the US Federal Reserve (Fed) meeting. The Fed announced to keep interest rates at 4.25% - 4.5%, while officials flagged the prospect of rising inflation this year and lower economic growth prospects, following the tariff policy of President Donald Trump's administration.

While the impact of tariffs, combined with President Donald Trump’s tax cuts and deregulation, is still unclear, Fed officials still expect to cut interest rates another 0.5% this year. That would be two 0.25% cuts, the Fed’s usual adjustment pace.

Following the statement, investors forecast a 62.1% chance of the Fed cutting rates again at its June meeting, up from a 57% chance before the Fed announced its decision. Gold is moving higher due to uncertainty as the Fed sends mixed signals in its statement and economic forecasts, Tai Wong, an independent metals trader, told CNBC.

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Source: https://thanhnien.vn/gia-vang-hom-nay-2032025-the-gioi-tang-vun-vut-trong-nuoc-vuot-xa-100-trieu-dong-luong-185250320075157025.htm