Gold price reversed and dropped sharply, people are cautious in buying and selling gold

Gold prices are falling sharply

According to the reporter's records on the morning of March 25, 2025, the listed gold price at gold companies decreased sharply. Specifically, at 9:00 a.m. on March 25, the listed price of SJC gold bars at Bao Tin Minh Chau Company Limited was VND 95.3 million/tael for buying and VND 97.6 million/tael for selling. The price of plain round gold rings was VND 96.0 million/tael - VND 97.6 million/tael (selling). The price of Rong Thang Long gold was VND 96.0 million/tael for buying and VND 98.6 million/tael for selling.

At Saigon Jewelry Company (SJC), the listed price of SJC gold bars is 94.9 - 97.4 million VND/tael for buying and selling. Meanwhile, the listed price of gold rings is 94.8 - 97.2 million VND/tael.

At the same time, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 94.9 million VND/tael and sold at 97.4 million VND/tael. Meanwhile, the listed price of Hung Thinh Vuong 4-number 9 Round Ring was bought at 95.6 million VND/tael and sold at 98.2 million VND/tael.

At Bao Tin Manh Hai Jewelry Joint Stock Company, the listed price of SJC gold bars is 95.3 million VND/tael for buying and 97.6 million VND/tael for selling.

According to experts' analysis, domestic gold prices fell following the decline in world gold prices. At around 6:00 a.m. on March 25, the world spot gold price was at 3,012 USD/ounce, down sharply by 20 USD compared to the highest price in the trading session last night of 3,032 USD/ounce.

Gold is still of interest to many people.

In the past 3 consecutive days, the gold price has dropped, causing SJC gold bars to lose a total of 3.1-3.5 million VND/tael in buying price and 2.5 million VND/tael in selling price. Compared to the peak price, the buying price is currently 3 million VND/tael lower.

Faced with rapid and strong fluctuations in the gold market, experts warn people to be cautious when trading gold. According to economic expert Nguyen Tri Hieu, investing in buying and selling gold during this volatile market period will face many risks, especially short-term investments. In addition, the large difference between buying and selling prices can push the risk onto the buyer.

Ms. Nguyen Thi Minh Nguyet (Dong Da) said that a few days ago, when she saw the price of gold continuously increasing, she decided to invest in buying gold. However, because the store limited the quantity sold, she could only buy 5 taels at a price of more than 99 million VND/tael. Thus, in just a few days, the price of gold has decreased by nearly 3 million VND/tael, causing the amount of gold she bought to lose more than 1.5 million VND.

Experts warn of risks to people in volatile market context.

Mr. Huynh Trung Khanh, Vice President of the Vietnam Gold Business Association, commented that the gold market witnessed many fluctuations last week. After increasing sharply to surpass the 100 million VND/tael mark, the gold price has turned around and decreased sharply for 3 consecutive sessions.

According to Mr. Khanh, domestic gold prices are often directly affected by world gold prices. When the geopolitical situation, especially US President Donald Trump's tariff policies, fluctuates sharply, gold prices also change accordingly. The level of risk for gold buyers will increase when gold prices fluctuate sharply as they do now. Therefore, consumers need to be cautious and consider carefully before deciding to invest in gold at this time to avoid risks.

Source: https://thoibaonganhang.vn/gia-vang-dao-chieu-giam-manh-nguoi-dan-can-trong-mua-ban-vang-161799.html