Gold ring prices have reached unprecedented highs, at 101 million VND per tael (approximately 37.5 grams).

At 9 AM this morning, Doji listed the price of gold rings at 98.2 - 101 million VND/ounce (buy - sell), an increase of 1 million VND/ounce - 500,000 VND/ounce (buy - sell) compared to the beginning of this morning's trading session. This is the highest price for gold rings to date.

Following the upward trend of gold rings, gold bars were listed by Doji and SJC this morning at 98.2 - 99.9 million VND/ounce (buy - sell), an increase of 800,000 VND/ounce - 1 million VND/ounce (buy - sell) compared to the beginning of this morning.

Domestic gold prices surged as global gold prices reached new highs. On the morning of March 28, the world gold price listed on Kitco was $3,054 per ounce, an increase of $34 per ounce compared to the beginning of yesterday morning.

This is the highest price ever. Previously, on March 20th, world gold prices reached $3,043 per ounce.

Gold prices hit a new high, supported by safe-haven demand amid concerns over escalating global trade tensions and a stock market plunge following US President Donald Trump's announcement of new auto tariffs.

Gold ring prices reach a new peak. (Photo: Minh Duc).

Looking at price fluctuations, senior market strategist Bob Haberkorn of RJO Futures believes that gold futures will soon reach $3,100 per ounce, with the main driver remaining safe-haven buying, fueled by uncertainty surrounding President Trump's tariff plans.

Leaders of various countries have indicated they will take retaliatory measures against the 25% tariff that US President Donald Trump imposed on imported cars. Global stock markets were volatile as shares of some of the world's largest automakers plummeted.

Gold will continue to get more expensive.

Commenting on the future price of gold, financial expert Tran Duy Phuong believes that gold is attracting investment and the price of this metal has increased sharply in the first quarter of 2025.

This expert believes that the potential for gold price increases remains in the near future. However, the market is always in a sinusoidal pattern, and prices undergo necessary corrections. After an increase, there will be a decrease to prepare for an even higher increase.

According to Mr. Phuong, the recent sharp increase in gold prices has strongly impacted buyer sentiment. People and investors believe that investing in gold will largely yield profits, so they are willing to buy at the peak when gold reaches 100 million VND per tael.

He cautioned that now is a risky time to invest in gold, as world gold prices are likely to decline and correct after a period of rapid increase. However, gold still has the potential to rise this year.

" I believe that from now until the end of 2025, the strategy of investing in gold will still be effective, and world gold prices still have room to rise. However, investing in gold requires careful timing and consideration of buying and selling times to achieve the highest return on investment. For example, currently, world and domestic prices are at their highest levels ever. Investing in gold now will still yield a profit, but the return on investment will not be high, and the waiting time for a good profit will be quite long ," Mr. Phuong said.

NGOC VY

Source: https://vtcnews.vn/gia-vang-nhan-dat-chua-tung-co-101-trieu-dong-luong-ar934258.html