Gold price today (March 29): Continuously setting records

Domestic gold price today

Gold price Domestic gold prices are “skyrocketing”. Currently, gold brands are buying at 98.2 million VND/tael and selling at 100.2 million VND/tael. Particularly, Bao Tin Minh Chau and Phu Quy SJC gold are buying at 100,000 VND higher than other brands.

Similarly, the price of gold rings of various brands was also adjusted to increase sharply. Specifically, the price of SJC 9999 gold rings was adjusted to increase by VND900,000 for buying and VND1.4 million for selling, respectively, to VND98.1 million/tael for buying and VND100.1 million/tael for selling.

Domestic gold prices increase sharply. Photo: thanhnien.vn

DOJI in Hanoi and Ho Chi Minh City markets adjusted up 1.2 million VND for buying and 520,000 VND for selling to 98.4 million VND/tael for buying and 100.02 million VND/tael for selling, respectively.

PNJ brand gold ring price is listed at 98.2 million VND/tael and 100.2 million VND/tael, an increase of 800,000 VND for both buying and selling prices.

Bao Tin Minh Chau listed the price of plain round gold rings at 98.6 million VND/tael for buying and 100.06 million VND/tael for selling, an increase of 1 million VND for buying price and 360,000 VND for selling price.

Phu Quy SJC is buying gold rings at 98.5 million VND/tael and selling at 100.5 million VND/tael, up 1 million VND and 800,000 VND respectively.

Domestic gold bar prices updated at 5:30 a.m. on March 29 as follows:

Yellow	Area	Early morning 28-3				Early morning 29-3			Difference
		Buy	Sell			Buy	Sell		Buy	Sell
		Unit of measure: Million VND/tael							Unit of measure: Thousand dong/tael
DOJI	Hanoi	97.4		98.9		98.2		100.2	+800	+1300
	Ho Chi Minh City	97.4		98.9		98.2		100.2	+800	+1300
SJC	Ho Chi Minh City	97.4		98.9		98.2		100.2	+800	+1300
	Hanoi	97.4		98.9		98.2		100.2	+800	+1300
	Danang	97.4		98.9		98.2		100.2	+800	+1300
PNJ	Ho Chi Minh City	97.4		98.9		98.2		100.2	+800	+1300
	Hanoi	97.4		98.9	98.2			100.2	+800	+1300
Bao Tin Minh Chau	Nationwide	97.5		98.9	98.3			100.2	+800	+1300
Phu Quy SJC	Nationwide	97.4		98.9	98.3			100.2	+900	+1300

World gold price today

World gold prices increased sharply, with spot gold prices increasing by 29.6 USD to 3,085.7 USD/ounce. Gold futures last traded at 3,114.3 USD/ounce, up 16.7 USD compared to early this morning.

Gold prices continued to rise and hit a new record on Friday as investors flocked to the safe-haven asset amid growing concerns about a global trade war sparked by US tariffs.

Increased safe-haven demand amid rising concerns about tariffs, trade and geopolitical uncertainty is providing strong support for gold, said Peter Grant, vice president and senior metals strategist at Zaner Metals.

Sharing the same view, Saxo Bank's head of commodity strategy Ole Hansen said that gold has been and will always be a reliable long-term investment asset, because of its ability to protect asset value and is an effective hedge against fluctuations in the financial market.

The market remains supported by strong safe-haven demand amid tariff concerns, continued buying by central banks – particularly in Asia – and renewed interest in bullion-backed exchange-traded funds from institutional investors, he said.

Markets are concerned that tariffs scheduled to take effect on April 2 will increase inflation, stifle economic growth and escalate trade disputes.

Spot gold prices rose to nearly $3,100 an ounce. Photo: Getty Images

Meanwhile, data released on the day showed inflation rose more than expected. Accordingly, the personal consumption expenditure price index rose 0.4% in February, higher than analysts' forecasts and similar to January's increase.

Grant added that the data was unlikely to change expectations for a rate cut much as it was only slightly higher than forecast.

The Fed left interest rates unchanged this year after three cuts through 2024, but has hinted at a possible half-percentage-point cut later in the year. Markets are now pricing in the first rate cut of the year from the US central bank in July.

Precious metals trader Alexander Zumpfe Heraeus of Metals Germany said that unless there is a sudden reversal in Fed policy or geopolitical risks ease, gold will test the $3,200-$3,250/ounce range in the near term.

With the domestic gold bar price increasing sharply and the world gold price listed at Kitco at 3,085.7 USD/ounce (equivalent to about 95.8 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 4.4 million VND/tael.

Source: https://baolangson.vn/gia-vang-hom-nay-29-3-lien-tiep-lap-ky-luc-5042471.html