Gold price on March 28: "Vertical" increase, gold bars and gold rings simultaneously surpass 100 million VND/tael

In the domestic market, as soon as the trading session opened this morning, the price of gold bars and gold rings of all brands immediately increased by more than 1 million VND/tael, surpassing the 100 million VND/tael mark in the context of world gold prices "vertically" increasing to a new record level.

Specifically, at 9:30 a.m. on March 28, Saigon Jewelry Company (SJC) listed the buying and selling prices of SJC gold bars at VND98.4-100.4 million/tael, up VND1 million and VND1.5 million/tael respectively compared to yesterday's closing price.

The price of SJC 9999 gold ring is 98.2 million VND/tael for buying and 100.2 million VND/tael for selling, up 1 million VND and 1.2 VND respectively compared to the previous session's closing price.

DOJI gold bar price in Hanoi and Ho Chi Minh City is bought at 98.4 million VND/tael and sold at 100.4 million VND/tael, up 1 VND and 1.5 million VND/tael respectively compared to the previous session.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 98.4-100.4 million VND/tael.

PNJ gold bought at 98.4 million VND/tael and sold at 100.4 million VND/tael, an increase of 1 million VND/tael compared to the previous session.

As of 8:30 a.m. on March 28 (Vietnam time), the world gold price increased by 46.6 USD compared to the previous session to 3,067.1 USD/ounce.

The world gold price this morning skyrocketed to a new record, surpassing the previous peak of 3,057 USD/ounce. The reason the precious metal price continues to be strongly supported is due to investors' concerns about the new tariffs of the US President Donald Trump's administration.

Thus, from the beginning of the year until now, in just over 3 months, gold, which is considered a safe haven against instability and inflation, has increased in price by more than 15% since the beginning of the year.

Analyst James Hyerczyk at FX Empire commented that gold demand will remain solid due to the weakening strength of the US dollar, the US Federal Reserve's (FED) loose monetary policy and tariff uncertainty in the world's number 1 economy.

In addition, according to the World Gold Council, central bank gold purchases continued to increase, reaching a record pace in the first quarter of 2025, while retail demand in Asia skyrocketed due to concerns about currency devaluation.

With strong macro support factors, the precious metals market is likely to continue to strengthen, market confidence has pushed world gold prices to skyrocket again.

This morning, the USD-Index increased slightly to 104.28 points; the yield on 10-year US Treasury bonds was at 4.343%; US stocks lost points after President Donald Trump announced a 25% tax on all cars imported into the US; oil prices decreased slightly, trading at 73.27 USD/barrel for Brent oil and 69.87 USD/barrel for WTI oil.

Source: https://baotuyenquang.com.vn/gia-vang-ngay-28-3-tang-dung-dung-vang-mieng-vang-nhan-dong-loat-vuot-moc-100-trieu-dong-luong-209110.html