Gold price today March 12, 2025 in Vietnam, SJC gold bars and plain rings increased sharply, plain rings jumped to a new record high of 93.8 million VND/tael. Gold price in the world increased again.
The domestic gold ring price was adjusted up by some brands early this morning, reaching a record level of 93.8 million VND/tael (selling).
Saigon Jewelry Company (SJC) early this morning listed the price of gold rings type 1-5 at only 91-92.9 million VND/tael (buy - sell), unchanged from the end of yesterday's trading session.
Doji Gold and Gemstone Group early this morning traded 9999 gold rings at 92.4-93.8 million VND/tael (buy - sell), an increase of 300 thousand VND per tael in both buying and selling compared to yesterday's closing price.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 91,000,000 | 0 | 92,900,000 | 0 |
| Doji | 92,400,000 | + 300,000 | 93,800,000 | + 300,000 |
SJC and Doji gold ring price list updated on the morning of March 12
Opening the trading session on March 12 , the price of SJC 9999 gold remained the same as the closing price of yesterday's trading session, at 91-93 million VND/tael (buy - sell).
At 8:49 a.m. , the price of SJC 9999 gold was adjusted up by 600,000 VND per tael for buying and 300,000 VND per tael for selling compared to early morning, up to 91.6-93.3 million VND/tael (buying - selling).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 8:49 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:55 a.m. as follows:
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 91,600,000 | + 600,000 | 93,300,000 | + 300,000 |
| Doji Hanoi | 91,600,000 | + 600,000 | 93,300,000 | + 300,000 |
| Doji HCMC | 91,600,000 | + 600,000 | 93,300,000 | + 300,000 |
SJC and Doji gold bar price list updated on the morning of March 12
The central exchange rate on March 12 announced by the State Bank was 24,758 VND/USD, down 5 VND compared to the previous trading session. The USD price at commercial banks this morning (March 12) was commonly listed at 25,260 VND/USD (buy) and 25,650 VND/USD (sell).
At 8:26 a.m. today (March 12, Vietnam time), the world spot gold price was at 2,914.1 USD/ounce, down 1.9 USD/ounce compared to last night. The gold futures price for April 2025 on the Comex New York floor was at 2,921.4 USD/ounce.
On the morning of March 12, the world gold price converted to USD bank price was over 90.9 million VND/tael, including tax and fees, about 2.1 million VND/tael lower than the domestic gold price.
In the world, as of 8:00 p.m. on March 11 (Vietnam time), the spot gold price today on the international market was at 2,916 USD/ounce. Gold for April 2025 delivery on the Comex New York floor was at 2,921 USD/ounce.
The world gold price on the night of March 11 was about 41.3% higher (853 USD/ounce) than at the beginning of 2024. The world gold price converted to the bank USD price was 91 million VND/tael, including taxes and fees, about 2.5 million VND/tael lower than the domestic gold price as of the end of the afternoon session on March 11.
Gold prices in the international market skyrocketed again as the US dollar rose and the world was unstable. Gold rose again due to high demand for buying at the bottom after the precious metal fell in the previous session, contrary to the law. In the previous session, gold prices plummeted despite the world being unstable and most other assets, from stocks, the US dollar to US government bond yields, falling.
After the pressure from selling to cover losses in other investment channels was gone, demand for gold bottom-fishing increased again, thereby pushing the price up very quickly.
The constant turmoil in the world financial markets, along with the decline of the USD, has pushed money back into gold. The US stock market is in a very difficult period, under great selling pressure.
In the session on March 11, the DXY index (measuring the fluctuations of the USD against a basket of 6 key currencies) decreased by 0.3% to 103.43 points.
Domestically, by the end of the trading session on March 11, the price of 9999 gold bars at SJC and Doji was listed at 91-93 million VND/tael (buy - sell). In some places, the selling price was up to 93.5 million VND/tael.
The price of gold rings also skyrocketed and set a new record. SJC announced the price of gold rings of type 1-5 at only 91-92.9 million VND/tael (buy - sell). Doji listed the price of 9999 smooth round gold rings at 92.1-93.5 million VND/tael (buy - sell). In some places, gold rings sometimes reached 93.7 million VND/tael.
Gold Price Forecast
Thus, gold prices are returning to an upward trend as predicted by many leading financial institutions in the world.
John Ciampaglia, CEO of Sprott Asset Management, said that uncertainties surrounding Donald Trump's potential tax policies and changes in global monetary policy are creating both risks and opportunities in the metals market.
Ciampaglia also pointed to interest in physical gold, particularly central bank buying and the return of Western investors. Not only are central banks buying more gold, but they are also “repatriating gold from the US, from the UK, back to their central banks,” he said.
Gold is reasserting its status as a monetary metal, Ciampaglia said, with Western investors recently pouring money into gold ETFs after being relatively indifferent to the commodity in 2024.
Despite the doubts, Ciampaglia said that gold prices are likely to rise sharply.
Gold is also expected to benefit from concerns about a possible US recession after Mr Trump did not deny the possibility of a US recession.
According to technical analysis, gold prices tend to increase in the short term. The next target for gold is $2,974/ounce for April. This is a high resistance level. However, gold will have to conquer this week's high at $2,926/ounce first, followed by last week's high of $2,941/ounce.
Source: https://vietnamnet.vn/gia-vang-hom-nay-12-3-2025-tang-du-doi-tro-lai-vang-nhan-vot-len-dinh-moi-2379707.html
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