This afternoon, the world gold price continued to rise. At 10:49 am today (March 19, Vietnam time), the world spot gold price was at 3,036.6 USD/ounce, up 7.2 USD/ounce compared to early this morning.

The domestic gold ring price this morning continued to be adjusted up by brands, reaching a record level of 100 million VND/tael (selling).

At 11:04 , Bao Tin Minh Chau gold brand listed the price of plain round gold rings at 98.45-100 million VND/tael (buy - sell), an unprecedented high.

At 10:42 a.m. , Saigon Jewelry Company (SJC) raised the price of 1-5-chi gold rings to 97.8-99.3 million VND/tael (buy - sell), continuing to increase by 300,000 VND per tael in both buying and selling.

At 10:47 a.m., Doji Gold and Gemstone Group raised the price of 9999 gold rings to 98.4-99.9 million VND/tael (buy - sell), an increase of 300,000 VND per tael in both buying and selling.

At 9:10 a.m. , Saigon Jewelry Company (SJC) raised the price of 1-5 tael gold rings to 97.5-99 million VND/tael (buy - sell), an increase of 500 thousand VND per tael in both buying and selling compared to early this morning.

At 9:22 a.m. , Doji Gold and Gemstone Group listed the price of 9999 gold rings at 98.1-99.6 million VND/tael (buy - sell), an increase of 500,000 VND per tael in both buying and selling compared to early this morning.

Early this morning, Saigon Jewelry Company (SJC) listed the price of gold rings of type 1-5 at only 97-98.5 million VND/tael (buy - sell), an increase of 400 thousand VND per tael in both buying and selling compared to the closing price yesterday.

Doji Gold and Gemstone Group early this morning traded 9999 gold rings at 97.6-99.1 million VND/tael (buy - sell), an increase of 400 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 97,800,000 + 1,200,000 99,300,000 + 1,200,000
Doji 98,400,000 + 1,200,000 99,900,000 + 1,200,000

                                  SJC and Doji gold ring price list updated on the morning of March 19

Opening the trading session on March 19 , the price of SJC 9999 gold increased by 400 thousand VND per tael in both buying and selling compared to the closing session yesterday, up to 97.1-98.6 million VND/tael (buying - selling).

At 9:10 a.m., the price of SJC 9999 gold increased by 500,000 VND per tael in both buying and selling prices, to 97.6-99.1 million VND/tael (buying - selling).

At 10:42 a.m., the price of SJC 9999 gold continued to increase by 300,000 VND per tael in both buying and selling prices, to 97.9-99.4 million VND/tael (buying - selling).

The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 10:42 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 10:47 a.m. as follows:

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 97,900,000 + 1,200,000 99,400,000 + 1,200,000
Doji Hanoi 97,900,000 + 1,200,000 99,400,000 + 1,200,000
Doji HCMC 97,900,000 + 1,200,000 99,400,000 + 1,200,000

                              SJC and Doji gold bar price list updated on the morning of March 19

The central exchange rate on March 19 announced by the State Bank was 24,790 VND/USD, down 3 VND compared to the previous trading session. The USD price at commercial banks this morning (March 19) was commonly listed at 25,320 VND/USD (buy) and 25,710 VND/USD (sell).

At 8:30 a.m. today (March 19, Vietnam time) , the world spot gold price was at 3,029.4 USD/ounce, down 5.6 USD/ounce compared to last night. The gold futures price for April 2025 on the Comex New York floor was at 3,036 USD/ounce.

On the morning of March 19 , the world gold price converted to USD bank price was over 94.8 million VND/tael, including tax and fees, about 3.8 million VND/tael lower than the domestic gold price.

As of 8:00 p.m. on March 18 (Vietnam time), the spot gold price today on the international market was at $3,035/ounce. Gold for April 2025 delivery on the Comex New York floor was at $2,937/ounce.

The world gold price on the night of March 18 was about 47.1% higher (972 USD/ounce) than at the beginning of 2024. The world gold price converted to the bank USD price was 95 million VND/tael, including taxes and fees, about 3.2 million VND/tael lower than the domestic gold price as of the end of the afternoon session on March 18.

Gold prices on the international market continued to skyrocket as the USD depreciated and tensions in the Middle East mounted. SJC gold and gold ring prices continuously set new record highs, approaching the threshold of VND100 million/tael.

Gold prices rose partly due to the recent decline in the US dollar amid concerns that a series of tariff policies by the Donald Trump administration could affect the US economy.

But the biggest impact may come from demand for gold as investors bet on a rise in prices as the Middle East spirals into new violence. Iran’s Islamic Revolutionary Guard Corps (IRGC) warned it would respond to any attack after the US launched airstrikes against Houthi forces in Yemen.

goldworld Bayut OkOk.jpg
World gold prices continuously set new records. Photo: KC

Israel launched airstrikes across the Gaza Strip on March 18. The surprise bombing broke a ceasefire in place since January and threatened to completely reignite the 17-month war.

In the session on March 18, the DXY index - measuring the fluctuations of the USD compared to a basket of 6 key currencies - increased slightly to 103.5 points, but was still much lower than the level of 110 points in mid-January.

Domestically, by the end of the trading session on March 18, the price of 9999 gold bars at SJC and Doji was listed at 96.7-98.2 million VND/tael (buy - sell), an increase of 1.9 million VND for buying and 2.1 million VND for selling compared to the previous session.

Gold ring prices also skyrocketed and set a new record.

SJC announced the price of gold rings type 1-5 at only 96.6-98.1 million VND/tael (buy - sell), an increase of 1.7 million VND for buying and 2.1 million VND for selling compared to the previous session.

Doji listed the price of 9999 smooth round gold rings at 97.2-98.7 million VND/tael (buy - sell), an increase of 2.1 million VND in both directions compared to the previous session.

Gold Price Forecast

Gold prices have surged and surpassed the $3,000/ounce threshold but are still forecast to rise to new peaks, despite the US housing market rebounding strongly in February.

On Kitco, brokerage SP Angel said that the trend of deglobalization has pushed gold into a strong bull cycle. It started with sanctions imposed on Russia, which prompted diversification away from USD-denominated foreign exchange reserves. This has been reflected in a doubling of gold purchases by central banks, led mainly by Western rivals, notably China.

This trend has continued under Donald Trump, with tensions escalating between the US and many Western allies such as Europe. It has also led many countries to diversify their reserve assets.

Technically, gold is in a strong uptrend with strong resistance at $3,100/ounce. First support is at the overnight low of $3,008.2/ounce and then psychological support at $3,000/ounce.

Record money poured into gold in China, gold price soared above 3,000 USD/ounce. Money poured into gold in China reached a record high. The world gold price rose above 3,000 USD/ounce for the first time in history on March 14.