Gold prices surged dramatically, reaching a new record high on the night of March 13th.

(NLĐO) – World gold prices continue their dramatic surge, reaching new record highs and heading towards the $3,000/ounce mark.

At 10 PM on March 13th, Vietnam time, the price of gold on the international market surged continuously, surpassing its previous peak of around $2,950 per ounce and setting a new record high.

The all-time high reached $2,974 per ounce, an increase of $70 per ounce (approximately 2.2 million VND per tael) compared to the previous session's low. This represents a very strong increase in gold prices within a single session.

On several forums, many investors expressed surprise that the price of gold not only repeatedly broke previous records and set new highs, but also surged unexpectedly.

Gold prices surged following the release of the US Producer Price Index (PPI) for February, which remained unchanged from the previous month and fell short of forecasts. This continues the trend of inflation being controlled at a lower-than-expected level, following the Consumer Price Index (CPI) report the day before. However, some analysts believe gold prices are experiencing "unusual volatility," with continuous sharp increases despite the absence of significant disruptive factors.

Since the beginning of 2025, the price of precious metals has increased by $370 per ounce, equivalent to a rise of over 14% after a 30% increase in 2024. Gold is becoming an attractive investment channel for international investors.

Gold prices surged dramatically in international markets.

On the domestic market, by the end of March 13th, the price of SJC gold bars also surged, with companies such as SJC, PNJ, DOJI , and Phu Quy simultaneously listing the buying price at 92.9 million VND/ounce and the selling price at 94.4 million VND/ounce, an increase of 200,000 VND per ounce compared to the morning.

The price of gold bars reached a record high of 94.7 million VND/ounce at Mi Hong Company. In just three consecutive days, the price of gold bars increased by approximately 2 million VND/ounce in total. Not only gold bars, but the price of gold rings and 99.99% pure gold jewelry also surged, reaching a high of 95 million VND/ounce.

Currently, the world gold price, converted according to the listed exchange rate, is approximately 92.1 million VND per tael.

Gold prices surged almost vertically on the international market on the evening of March 13th.

Source: https://nld.com.vn/tang-dung-dung-gia-vang-lap-dinh-ky-luc-moi-vao-dem-13-3-196250313224004508.htm