At the end of the session on March 17 , the price of gold bars at SJC closed at 94.8-96.1 million VND/tael (buy - sell), an increase of 500 thousand VND per tael for buying and 300 thousand VND per tael more expensive for selling compared to the closing price last week.
At the end of the session, the price of SJC gold rings of 1-5 chi was listed at 94.7-96 million VND/tael (buy - sell), an increase of 500 thousand VND per tael in the buying direction and 300 thousand VND per tael more expensive in the selling direction compared to the end of last week.
The price of 9999 gold rings at Doji closed the session at 95.1-96.6 million VND/tael, an increase of 200,000 VND per tael for buying and 300,000 VND per tael more expensive for selling compared to the closing price last week.
Particularly at Bao Tin Minh Chau gold brand, the price of SJC gold bars and plain round rings is listed at 92.5-96.8 million VND/tael - an unprecedented high.
This afternoon, the world gold price increased slightly. At 4:37 p.m. today (March 17, Vietnam time), the world spot gold price was at 2,992.7 USD/ounce, up 2.4 USD/ounce compared to early this morning.
Meanwhile, domestic gold prices fluctuated little this afternoon.
This afternoon, Doji Gold and Gemstone Group listed 9999 gold rings at 95.1-96.6 million VND/tael (buy - sell), down 100,000 VND per tael for buying and unchanged for selling compared to this morning.
The domestic gold ring price this morning was adjusted up by brands, to a record level of 96.6 million VND/tael (selling price).
Saigon Jewelry Company (SJC) early this morning listed the price of gold rings type 1-5 at only 94.7-96 million VND/tael (buy - sell), an increase of 500 thousand VND per tael for buying and 300 thousand VND per tael more expensive for selling compared to the closing price of last weekend's trading session.
Doji Gold and Gemstone Group early this morning traded 9999 gold rings at 95.2-96.6 million VND/tael (buy - sell), an increase of 300 thousand VND per tael in both buying and selling compared to the closing price at the end of last week.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 94,700,000 | + 500,000 | 96,000,000 | + 300,000 |
| Doji | 95,100,000 | + 200,000 | 96,600,000 | + 300,000 |
SJC and Doji gold ring price list updated afternoon of March 17
Opening the trading session on March 17 , the price of SJC 9999 gold increased by 500 thousand VND per tael for buying and 300 thousand VND per tael for selling compared to the closing session last weekend, at 94.8-96.1 million VND/tael (buying - selling).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 8:30 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:42 a.m. as follows:
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 94,800,000 | + 500,000 | 96,100,000 | + 300,000 |
| Doji Hanoi | 94,800,000 | + 500,000 | 96,100,000 | + 300,000 |
| Doji HCMC | 94,800,000 | + 500,000 | 96,100,000 | + 300,000 |
SJC and Doji gold bar price list updated on the morning of March 17
The central exchange rate on March 17 announced by the State Bank was 24,794 VND/USD, up 15 VND compared to the previous trading session. The USD price at commercial banks this morning (March 17) was commonly listed at 25,300 VND/USD (buy) and 25,690 VND/USD (sell).
At 8:26 a.m. today (March 17, Vietnam time), the world spot gold price was at 2,990.3 USD/ounce, up 6.3 USD/ounce compared to the end of last week. The gold futures price for April 2025 on the Comex New York floor was at 2,998.8 USD/ounce.
On the morning of March 17 , the world gold price converted to USD bank price was over 93.5 million VND/tael, including tax and fees, about 2.6 million VND/tael lower than the domestic gold price.
Last week, domestic gold prices increased sharply following the world trend. Gold prices continuously reached new peaks, with some brands raising the price of gold rings to 95 million VND/tael for sale, the highest level ever.
Since the beginning of the year, the price of plain gold rings at SJC has increased by VND8.8 million/tael for buying and VND9 million/tael more expensive for selling. Meanwhile, the price of plain gold rings at Doji has increased by VND9.05 million/tael for buying and VND9.4 million/tael more expensive for selling.
At the end of the session on March 15, the price of gold bars at SJC closed at 94.3-95.8 million VND/tael (buy - sell). The price of 1-5 chi gold rings at SJC was listed at 94.2-95.7 million VND/tael (buy - sell). Meanwhile, the price of 9999 gold rings at Doji closed at 94.9-96.3 million VND/tael.
Today's gold price on Kitco closed the trading week at $2,984/ounce. Gold futures for April 2025 delivery on the Comex New York floor traded at $3,001/ounce.
Last week, the world gold price hit a new record high of 3,005.04 USD/ounce. This is a price that surprised many investors and analysts.
In October 2024, at the London Bullion Market Association's annual precious metals conference, experts predicted that the price of gold would increase to $2,941/ounce by October 2025. Very few opinions said that the price of gold would reach $3,000/ounce.
Less than a month later, gold prices surged, especially after President Donald Trump’s victory in the US election. Uncertainties surrounding tariffs and the global trade war prompted investors to seek safe havens, with gold being the top choice.
World gold prices have increased by 300 USD, equivalent to an increase of 13% since the beginning of the year.
Investors’ optimism has led to gold being bought in every time the price drops. The resistance levels are $2,700/ounce and $2,800/ounce respectively. Analysts believe that gold prices may continue to rise in the near future.
The reason analysts remain bullish on gold, even at high levels, is not only because of the technical momentum, but also because there is no major FOMO (fear of missing out) in the gold market yet, investors are just starting to enter the market.
In an interview with Kitco News, George Milling-Stanley, head of gold strategy at State Street Global Advisors, said that with economic uncertainty and geopolitical turmoil increasing, investors are turning to gold as a safe haven and inflation hedge.
Some analysts note that the complete shift to gold has not even begun, and the stock market continues to fluctuate in correction territory.
Gold Price Forecast
Fifteen analysts participated in the Kitco News Gold Survey last week. 60% said gold prices would rise, 20% said they expected prices to fall, and 10% said they would see prices moving sideways.
According to the online survey results, 67% predicted that gold prices will increase above 3,000 USD/ounce, 18% predicted that gold prices will trade lower, and 15% said that gold prices will tend to move sideways in the coming days.
In a report last week, commodities analysts at Macquarie raised their gold price forecast to $3,500 an ounce by the third quarter of this year, up from their original target of $3,000 an ounce by mid-year.
Adrian Day, chairman of Adrian Day Asset Management, said that strong central bank buying will continue and gold will rise above $3,000 an ounce. This price is not a barrier for foreign central banks.
Any dip is a buying opportunity, according to Bart Melek, head of commodity strategy at TD Securities, who expects gold to establish a new trading range above $3,000 an ounce this year.
Gold prices are expected to move higher on expectations of lower interest rates, with a potential target of $3,190 an ounce and a further $3,400 an ounce, said Alex Kuptsikevich, senior market analyst at FxPro.
Source: https://vietnamnet.vn/gia-vang-hom-nay-17-3-2025-da-tang-chua-dut-vang-se-chinh-phuc-dinh-cao-moi-2381206.html
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