Gold price today (March 20): Approaching 100 million VND/tael

Gold price today (March 20): Domestic gold prices increased sharply, with gold bars and gold rings increasing to nearly 100 million VND/tael.

Domestic gold price today

Gold price Domestic gold prices have increased sharply. Currently, gold brands are buying at 98 million VND/tael and selling at 99.5 million VND/tael.

Similarly, the price of gold rings of various brands was also adjusted to increase sharply. Specifically, the price of SJC 9999 gold rings increased by 1.3 million VND for both buying and selling prices, up to 97.9 million VND/tael and 99.4 million VND/tael, respectively.

Domestic gold prices increase "skyrocketingly". Photo: thanhnien.vn

DOJI in Hanoi and Ho Chi Minh City markets adjusted up 1.1 million VND for buying and 1.2 million VND for selling, to 98.3 million VND/tael and 99.9 million VND/tael, respectively.

PNJ brand gold ring price is listed at 98.1 million VND/tael and 99.9 million VND/tael, an increase of 1.2 million VND in buying price and 1.4 million VND in selling price.

Bao Tin Minh Chau listed the price of plain round gold rings at 98.35 million VND/tael for buying and 100 million VND/tael for selling.

Phu Quy SJC is buying gold rings at 98.4 million VND/tael and selling at 99.9 million VND/tael, an increase of 1.15 million VND in buying price and 1.1 million VND in selling price compared to early this morning.

Domestic gold bar prices updated at 5:30 a.m. on March 20 as follows:

Yellow	Area	Early morning 19-3				Early morning 20-3			Difference
		Buy	Sell			Buy	Sell		Buy	Sell
		Unit of measure: Million VND/tael							Unit of measure: Thousand dong/tael
DOJI	Hanoi	96.7		98.2		98		99.5	+1300	+1300
	Ho Chi Minh City	96.7		98.2		98		99.5	+1300	+1300
SJC	Ho Chi Minh City	96.7		98.2		98		99.5	+1300	+1300
	Hanoi	96.7		98.2		98		99.5	+1300	+1300
	Danang	96.7		98.2		98		99.5	+1300	+1300
PNJ	Ho Chi Minh City	96.7		98.2		98		99.5	+1300	+1300
	Hanoi	96.7		98.2	98			99.5	+1300	+1300
Bao Tin Minh Chau	Nationwide	96.7		98.2	98			99.5	+1300	+1300
Phu Quy SJC	Nationwide	96.7		98.2	98			99.5	+1300	+1300

World gold price today

World gold prices continued to rise, with spot gold prices rising by $15.9 to $3,049.7 an ounce. Gold futures last traded at $3,059.3 an ounce, up $19.6 from early this morning.

Gold edged up on Wednesday and hovered near an all-time high, after the US Federal Reserve decided to keep interest rates unchanged as expected and said it would cut borrowing costs by half a percentage point later this year.

Gold prices are moving higher on increased uncertainty as the Fed has sent mixed signals in its statement and economic forecasts, said independent metals trader Tai Wong. Gold is in a bull market and will continue to move higher on asset market uncertainty and fears of higher inflation, he said.

Accordingly, at this meeting, the Fed kept interest rates unchanged at 4.25% - 4.50%. Officials adjusted up their inflation forecasts for this year, but lowered their economic growth outlook after President Donald Trump's administration introduced tariff policies.

President Trump has increased tariffs on steel and aluminum imports to 25%, and said he plans to impose new reciprocal and sectoral tariffs on April 2.

World gold prices increase. Photo: Getty Images

Traders are now pricing in a 62.1% chance that the Fed will cut rates again at its June meeting, up from 57% before the meeting.

Meanwhile, ANZ commodity strategist Soni Kumari warned that gold could face profit-taking pressure after its recent gains. However, given the market’s continued geopolitical concerns, he did not rule out a move above $3,050 an ounce.

Considered a safe investment in times of uncertainty, gold prices have hit a record high 15 times this year. Investors are worried about the economic slowdown and the risk of recession due to US President Donald Trump's tariff policies. Meanwhile, the situation in the Middle East has become complicated after Israel resumed attacks on the Gaza Strip.

Any dip in prices is likely to attract strong buying interest, said Zain Vawda, a market analyst at OANDA. Until the economic impact of tariffs becomes clearer, gold’s rally will continue.

With the domestic gold bar price increasing sharply and the world gold price listed at Kitco at 3,049.7 USD/ounce (equivalent to about 94.6 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 4.9 million VND/tael.

Source: https://baolangson.vn/gia-vang-hom-nay-20-3-tien-sat-100-trieu-dong-luong-5041484.html