Domestic gold ring prices fluctuated little in today's trading session.
Saigon Jewelry Company (SJC) early this morning listed the price of gold rings type 1-5 at only 94.2-95.7 million VND/tael (buy - sell), unchanged from the closing price of yesterday's trading session.
Doji Gold and Gemstone Group traded 9999 gold rings at 94.9-96.3 million VND/tael (buy - sell) early this morning, equal to yesterday's closing price.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 94,200,000 | 0 | 95,700,000 | 0 |
| Doji | 94,900,000 | 0 | 96,300,000 | 0 |
SJC and Doji gold ring price list updated on the morning of March 15
Opening the trading session on March 15 , the price of SJC 9999 gold remained unchanged compared to the closing price of yesterday's trading session, at 94.3-95.8 million VND/tael (buy - sell).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 8:29 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:18 a.m. as follows:
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 94,300,000 | 0 | 95,800,000 | 0 |
| Doji Hanoi | 94,300,000 | 0 | 95,800,000 | 0 |
| Doji HCMC | 94,300,000 | 0 | 95,800,000 | 0 |
SJC and Doji gold bar price list updated on the morning of March 15
The central exchange rate on March 15 announced by the State Bank was 24,779 VND/USD, unchanged from the previous trading session. The USD price at commercial banks this morning (March 15) was commonly listed at 25,320 VND/USD (buy) and 25,710 VND/USD (sell).
At 8:26 a.m. today (March 15, Vietnam time) , the world spot gold price was at 2,984.5 USD/ounce, down 11.5 USD/ounce compared to last night. The gold futures price for April 2025 on the Comex New York floor was at 3,001 USD/ounce.
On the morning of March 15 , the world gold price converted to USD bank price was over 93.4 million VND/tael, including tax and fees, about 2.4 million VND/tael lower than the domestic gold price.
At the end of the session on March 14, the price of gold bars at SJC closed at 94.3-95.8 million VND/tael (buy - sell), an increase of 1.4 million VND per tael in both buying and selling compared to the closing price of the previous session.
The price of SJC 1-5 chi gold rings is listed at 94.2-95.7 million VND/tael (buy - sell), an increase of 1.4 million VND per tael in both buying and selling compared to the previous trading session.
Meanwhile, the price of 9999 gold rings at Doji closed the session at 94.9-96.3 million VND/tael, an increase of 1.3 million VND per tael (buy) and 1.4 million VND more expensive per tael (sell) compared to the previous day's closing price.
Today's gold price on Kitco at 8:00 p.m. (March 14, Vietnam time) was trading at $2,995/ounce, up 0.23% from the beginning of the session. Gold futures for April 2025 delivery on the Comex New York floor were trading at $3,006/ounce.
The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed the week at 103.68 points.
Nymex crude oil futures were firm and trading around $67.25 a barrel. The yield on the benchmark 10-year U.S. Treasury note is currently at 4.299%.
World gold prices increased at the beginning of the US trading session due to increased demand for safe havens. The market is worried about the global trade war causing a world economic recession and the US Federal Reserve's (Fed) loose monetary policy.
The world gold price is trading at a new record high and is in the range of 3,000 USD/ounce. The market is holding its breath waiting for the gold price to break this mark. According to analysts, if the gold price breaks above 3,000 USD/ounce, the rally is not over yet.
Gold remains an important safe-haven asset. The bank's analysts forecast global economic growth to slow to 0.3% in the third quarter of this year.
Along with its safe-haven appeal, gold is being boosted by the worsening outlook for the growing US government debt, according to a report by a team of commodity analysts at Macquarie, led by Marcus Garvey.
The government is once again facing the possibility of a shutdown as Congress fails to pass a new funding bill. Looking ahead, analysts say they do not expect the U.S. government to make significant cuts in spending.
“Amid a challenging financial environment, gold prices are likely to remain at historically high levels,” the report said.
Meanwhile, the Trump administration has been pressuring the Fed to cut interest rates, with the Fed recently shifting to a more neutral stance, saying it is in no rush to cut rates because the labor market remains relatively healthy and inflation risks persist.
Additionally, investment demand for gold-backed exchange-traded funds is down 20% from its 2020 all-time high, so the market still has plenty of room to run higher.
In the latest twist in US President Donald Trump’s multilateral trade war, the European Union has retaliated against US tariffs on steel and aluminum by imposing a 50% tariff on US whiskey exports. In response, Mr Trump has threatened to impose a 200% tariff on wine and spirits imported from Europe.
Gold Price Forecast
Although gold is trading at new record highs, Ryan McIntyre, managing partner at Sprott Inc., told Kitco News that gold is overvalued.
When you look at what’s going on in the world and consider the potential, gold remains a worthwhile investment. Gold prices have risen more than 13% this year, while the broader stock market index has fallen nearly 6%.
Markets are flocking to gold as a hedge against speculation that trade tensions could get worse before easing, said Yeap Jun Rong, market strategist at IG.
Mr. Rong predicts that gold prices could reach $3,000/ounce in the second quarter of 2025, when reciprocal tariffs could cause another wave of market turmoil.
There is little downside risk to gold this year, according to commodity analysts at Macquarie, who forecast gold prices to rise to a peak of $3,500 an ounce in the third quarter of 2025.
Source: https://vietnamnet.vn/gia-vang-hom-nay-15-3-2025-tang-soc-nhiet-nin-tho-cho-pha-vo-moc-ky-luc-moi-2380869.html
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