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Gold price is skyrocketing, may it reach 100 million VND/tael?

Báo Công thươngBáo Công thương14/03/2025

Latest domestic and international gold prices; price fluctuations of SJC, 9999, 24k, and 18k gold from PNJ and DOJI today; today's gold price; SJC gold price today, gold ring price...


The price of gold rings is experiencing a phenomenal surge, surpassing the price of SJC gold bars for the first time in history and setting a new record high of 96 million VND per tael. The main driving force behind this breakthrough comes from strong investment demand, tight supply, and the influence of global gold price movements.

While previously overshadowed by gold bars, gold rings have now risen to assert their position, reaching over 96 million VND per tael. With the current growth momentum, conquering the 100 million VND per tael mark is likely only a matter of time.

Dự báo giá vàng ngày mai 15/03/2025
Gold reaching the 100 million VND mark may only be a matter of time. (Photo: PC)

At the time of the survey at 12 PM on March 14th, the price of SJC gold bars was listed by Saigon Jewelry Company (SJC) and Phu Nhuan Jewelry Company (PNJ) at 94.3 million VND/ounce for buying and 95.8 million VND/ounce for selling.

SJC Company lists the buying price of 9999 gold rings at 94.2 million VND/ounce and the selling price at 95.8 million VND/ounce.

Most notably, Bao Tin Minh Chau listed the highest price for plain 9999 gold rings: 94.9 million VND for buying and 96.4 million VND for selling.

1. DOJI - Updated: 14/03/2025 08:38 - Website time of supply - / Compared to yesterday.
Type Buy Sell
AVPL/SJC HN 94,100 ▲1200K 95,600 ▲1200K
AVPL/SJC HCM 94,100 ▲1200K 95,600 ▲1200K
AVPL/SJC DN 94,100 ▲1200K 95,600 ▲1200K
9999 Raw Materials - HN 94,800 ▲1200K 95,200 ▲1200K
Ingredients 999 - HN 94,700 ▲1200K 95,100 ▲1200K
AVPL/SJC Can Tho 94,100 ▲1200K 95,600 ▲1200K
2. PNJ - Updated: 01/01/1970 08:00 - Website time of source - / Compared to yesterday.
Type Buy Sell
Ho Chi Minh City - PNJ 94,500 ▲1200K 96,200 ▲1400K
Ho Chi Minh City - SJC 94,300 ▲1400K 95,800 ▲1400K
Hanoi - PNJ 94,500 ▲1200K 96,200 ▲1400K
Hanoi - SJC 94,300 ▲1400K 95,800 ▲1400K
Da Nang - PNJ 94,500 ▲1200K 96,200 ▲1400K
Da Nang - SJC 94,300 ▲1400K 95,800 ▲1400K
Western Region - PNJ 94,500 ▲1200K 96,200 ▲1400K
Western Region - SJC 94,300 ▲1400K 95,800 ▲1400K
Gold jewelry prices - PNJ 94,500 ▲1200K 96,200 ▲1400K
Gold jewelry prices - SJC 94,300 ▲1400K 95,800 ▲1400K
Gold jewelry prices - Southeast Vietnam PNJ 94,500 ▲1200K
Gold jewelry prices - SJC 94,300 ▲1400K 95,800 ▲1400K
Gold jewelry prices - Gold jewelry prices PNJ Plain Ring 999.9 94,500 ▲1200K
Gold jewelry prices - 999.9 gold jewelry 93,600 ▲1400K 96.100 ▲1400K
Gold jewelry prices - 999 gold jewelry 93,500 ▲1390K 96,000 ▲1390K
Gold jewelry prices - 99% pure gold jewelry 92,740 ▲1390K 95,240 ▲1390K
Jewelry gold prices - 916 (22K) gold 85,630 ▲1280K 88,130 ▲1280K
Jewelry gold price - 750 (18K) gold 69,730 ▲1050K 72,230 ▲1050K
Jewelry gold price - 680 gold (16.3K) 63,000 ▲950K 65,500 ▲950K
Jewelry gold price - 650 gold (15.6K) 60.120 ▲910K 62,620 ▲910K
Jewelry gold price - 610 gold (14.6K) 56,270 ▲850K 58,770 ▲850K
Jewelry gold prices - 585 Gold (14K) 53,870 ▲820K 56,370 ▲820K
Jewelry gold price - 416 Gold (10K) 37,630 ▲580K 40,130 ▲580K
Jewelry gold price - 375 (9K) gold 33,690 ▲530K 36,190 ▲530K
Jewelry gold price - 333 Gold (8K) 29,360 ▲460K 31,860 ▲460K
3. AJC - Update: 14/03/2025 00:00 - Time on source website - / Compared to yesterday.
Type Buy Sell
99.99 Jewelry 9,395 ▲145K 9,620 ▲130K
99.9% Jewelry 9,385 ▲145K 9,610 ▲130K
NL 99.99 9,395 ▲145K
Round rings, not blister-packed, T.Binh 9,385 ▲145K
N.Tron, 3A, D.Vang T.Binh 9,485 ▲145K 9,630 ▲130K
N.Tron, 3A, D.Vang N.An 9,485 ▲145K 9,630 ▲130K
N.Tron, 3A, Vang Street, Hanoi 9,485 ▲145K 9,630 ▲130K
SJC Thai Binh gold 9,430 ▲130K 9,580 ▲140K
SJC Nghe An 9,430 ▲130K 9,580 ▲140K
SJC Hanoi 9,430 ▲130K 9,580 ▲140K

The domestic gold market is closely following the general trend of the international market. Factors such as global economic instability, tensions in Ukraine, and US tariff policies have triggered a wave of people seeking gold as a safe haven. In addition, the continuous increase in gold reserves by central banks has pushed the price of this precious metal higher.

Goldman Sachs has issued an optimistic forecast, suggesting that world gold prices could reach $3,100 per ounce by the end of 2025, and possibly even climb to $3,300 if economic instability continues. If this scenario materializes, the possibility of gold rings surpassing the 100 million VND/ounce mark is entirely plausible.

However, experts also note that domestic gold prices are heavily influenced by the domestic supply and demand balance. Therefore, if demand decreases or world gold prices cool down, the price of gold rings could certainly adjust downwards.

On the international market, gold prices on the morning of March 14th traded around $2,989 per ounce, an increase of nearly $50 compared to the previous session. Expert Alex Ebkarian, CEO of Allegiance Gold, believes gold is in a long-term uptrend and could trade in the range of $3,000 - $3,200 per ounce this year.

Currently, the world gold price, converted at the listed exchange rate, is approximately 92.6 million VND per tael. Despite a sharp increase, the world gold price is still more than 3 million VND per tael lower than the domestic gold price.



Source: https://congthuong.vn/vang-tang-phi-ma-co-the-se-dat-moc-100-trieu-dongluong-378176.html

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