At the end of the session on March 24 , the price of gold bars at SJC closed at 95.1-97.6 million VND/tael (buy - sell), an increase of 700 thousand VND/tael in the buying direction and an increase of 200 thousand VND/tael in the selling direction compared to the end of the trading session last weekend.
At the end of the session, the price of SJC gold rings of 1-5 chi was listed at 95-97.4 million VND/tael (buy - sell), an increase of 700 thousand VND per tael for buying and 400 thousand VND per tael more expensive for selling compared to the closing price of last week.
The price of 9999 gold rings at Doji closed the session at 95.8-98.4 million VND/tael, an increase of 200 thousand VND per tael in both buying and selling compared to the closing price last week.
This afternoon, the world gold price was adjusted up slightly. At 3:40 p.m. today (March 24, Vietnam time), the world spot gold price was at 3,025 USD/ounce, up 1.8 USD/ounce compared to early this morning.
Following the same trend, domestic gold prices this afternoon were also adjusted upward.
This afternoon, the price of SJC 9999 gold was adjusted up by 700 thousand VND/tael for buying and 200 thousand VND/tael more expensive for selling, trading at 95.1-97.6 million VND/tael (buying - selling).
Gold ring prices this afternoon were also adjusted up by brands.
Saigon Jewelry Company (SJC) this afternoon listed the price of gold rings type 1-5 at only 95-97.4 million VND/tael (buy - sell), an increase of 700 thousand VND per tael for buying and 400 thousand VND per tael more expensive for selling compared to this morning.
Doji Gold and Gemstone Group early this afternoon raised the buying and selling price of 9999 gold rings to 96.1-98.4 million VND/tael, an increase of 500,000 VND per tael for buying and 200,000 VND per tael for selling compared to this morning.
At 5:09 p.m., Doji Gold and Gemstone Group lowered the buying price of 9999 gold rings to VND95.8 million/tael, down VND300,000 per tael compared to early afternoon, while the selling price remained at VND98.4 million/tael.
Domestic gold ring prices fluctuated little this morning.
Early this morning, Saigon Jewelry Company (SJC) listed the price of gold rings of type 1-5 at only 94.3-97 million VND/tael (buy - sell), unchanged in both buying and selling compared to the end of last week.
Doji Gold and Gemstone Group early this morning traded 9999 gold rings at 95.6-98.2 million VND/tael (buy - sell), unchanged in both buying and selling compared to the closing price at the end of last week.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 95,000,000 | + 700,000 | 97,400,000 | + 400,000 |
| Doji | 95,800,000 | + 200,000 | 98,400,000 | + 200,000 |
SJC and Doji gold ring price list updated afternoon of March 24
Opening the trading session on March 24 , the price of SJC 9999 gold remained unchanged compared to the end of last week, at 94.4-97.4 million VND/tael (buy - sell).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 3:25 p.m. and the price of 9999 gold was listed by Doji Jewelry Group at 3:24 p.m. as follows:
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 95,100,000 | + 700,000 | 97,600,000 | + 200,000 |
| Doji Hanoi | 94,400,000 | + 700,000 | 97,600,000 | + 200,000 |
| Doji HCMC | 94,400,000 | + 700,000 | 97,600,000 | + 200,000 |
SJC and Doji gold bar price list updated on the afternoon of March 24
The central exchange rate on March 24 announced by the State Bank was 24,831 VND/USD, an increase of 18 VND compared to the previous trading session. The USD price at commercial banks this morning (March 24) was commonly listed at 25,390 VND/USD (buy) and 25,780 VND/USD (sell).
At 8:35 a.m. today (March 24, Vietnam time) , the world spot gold price was at 3,023.2 USD/ounce, up 0.2 USD/ounce compared to the end of last week. The gold futures price for April 2025 on the Comex New York floor was at 3,055.75 USD/ounce.
On the morning of March 24 , the world gold price converted to USD bank price was over 94.8 million VND/tael, including tax and fees, about 2.6 million VND/tael lower than the domestic gold price.
Last week, domestic gold prices increased sharply following world gold prices. On March 19, SJC gold bars were close to 100 million VND/tael, plain rings soared to a new peak of 100.4 million VND and then cooled down.
People flocked to stores to buy gold at peak prices. Not only to hoard, many people accepted to bet that gold prices would continue to set new records.
Associate Professor Dr. Nguyen Huu Huan, Ho Chi Minh City University of Economics, pointed out that the increase in world gold prices was mainly due to the impact of US President Donald Trump's policies, causing concerns about inflation and recession in the US. Unstable geopolitical issues in the world further supported the increase in gold prices.
It is normal for domestic gold prices to increase following world gold prices. Unlike before, world gold prices did not increase much, but domestic gold prices still increased sharply and the difference was up to several million VND per tael.
After a sharp increase, domestic gold prices continuously decreased in the following sessions. At the end of the session on March 22, the price of gold bars at SJC closed at 94.4-97.4 million VND/tael (buy - sell).
The price of 1-5 chi SJC gold rings is listed at 94.3-97 million VND/tael (buy - sell). The price of 9999 gold rings at Doji closed the session at 95.6-98.2 million VND/tael.
Weekly, SJC gold bar price increased by 1.3 million VND/tael, SJC gold ring price increased by 1 million VND/tael.
Today's gold price on Kitco closed the trading week at $3,023/ounce. Gold futures for April 2025 delivery on the Comex New York floor traded at $3,021/ounce.
According to analysts, the sharp increase in gold prices is mainly due to concerns about US President Donald Trump's new tariff policy and its impact on the economy. After a significant increase, recent developments suggest that gold prices may be about to correct.
The US administration’s aggressive trade stance with high tariffs has affected its three largest trading partners. The US is imposing a 25% import tariff on goods from Canada and Mexico, along with a 20% tariff on imports from China.
Investors are increasingly concerned that tariffs will push up consumer prices and accelerate inflation, putting pressure on the dollar index against a basket of currencies.
Last week, the US Federal Reserve (Fed) announced it would continue to stop cutting interest rates, while warning of increasing economic instability.
The Fed also lowered its forecast for US economic growth through 2025 and raised its inflation forecast. The bank left open the possibility of two rate cuts this year, as it had said in its December 2024 report.
The US central bank is looking to navigate an economy that has been rocked by the Trump administration's aggressive tariff policies.
Gold Price Forecast
Some notable news this week include S&P Global Manufacturing and Services PMIs, consumer confidence, which will give the market a better sense of the direction of the U.S. economy. Also on the agenda are new home sales, goods orders and pending home sales, weekly jobless claims and fourth-quarter 2024 GDP.
According to a Kitco News survey, on Wall Street, 39% predict gold prices will increase, 28% predict it will decrease, and 33% predict gold prices will go sideways. Meanwhile, Kitco's online poll shows that 59% predict gold prices will increase, 22% think gold prices will trade lower, and 19% choose to go sideways.
Colin Cieszynski, chief market strategist at SIA Wealth Management, said gold looks set to consolidate above $3,000 an ounce until the end of the month. Gold could see more activity in early April as the U.S. weighs more on tariffs.
Tariffs will continue to support gold prices above $3,000 an ounce, said Marc Chandler, managing director at Bannockburn Global Forex. Gold hit a record high of nearly $3,059.50 an ounce last week.
Gold prices have been rising since early March and hit a new high late last week, according to Alex Kuptsikevich, senior market analyst at FxPro. He said the breakout was the start of a potential price of $3,180 an ounce. Bulls are eyeing $3,400 an ounce in the coming months.
Source: https://vietnamnet.vn/gia-vang-hom-nay-24-3-2025-sjc-va-nhan-lao-doc-khong-phanh-2383582.html
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