Gold price on March 29 continued to peak, approaching the 110 million/tael mark

In line with the world gold price, the domestic gold price on March 29 continued to reach its peak, approaching the 110 million VND/tael mark. Illustration photo: Tran Viet/VNA

Specifically, at 11:45 a.m., Bao Tin Minh Chau Company listed the price of gold bars and gold rings at 98.9 - 100.9 million VND/tael (buy - sell), an increase of 500,000 VND/tael in the buying direction and 300,000 VND/tael in the selling direction compared to the closing price yesterday.

DOJI Gold and Gemstone Group and Saigon Jewelry Company listed the price of gold bars at 98.4 - 100.7 million VND/tael (buy - sell), an increase of 200,000 VND/tael for buying and 500,000 VND/tael for selling compared to the closing price yesterday.

Phu Nhuan Jewelry Joint Stock Company listed the price of gold bars and gold rings at 98.4 - 100.7 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in the buying price and 300 thousand VND/tael in the selling price compared to the closing price yesterday.

In the world market, gold prices rose to a new peak in the session of March 27, as investors sought this safe-haven asset to cope with escalating global trade tensions and the plunge of the stock market.

At around 0:40 a.m. on March 28, Vietnam time, the spot gold price increased by 1% to $3,050.32/ounce, after reaching a record high of $3,059.30/ounce in the same session. The gold price has set a record high 17 times since the beginning of 2025.

US gold futures rose 1.3% to close at $3,061 an ounce, after hitting an all-time high of $3,071.30 an ounce earlier in the session.

Bob Haberkorn, senior market strategist at RJO Futures, said the market is likely to see gold futures hit $3,100 an ounce soon, with safe-haven buying fueled by uncertainty surrounding President Donald Trump’s tariff plans.

Gold prices are also getting support from strong central bank inflows and demand from exchange-traded funds (ETFs), said Phillip Streible, chief market strategist at commodities trading firm Blue Line Futures.

Investors are now waiting for the US Personal Consumption Expenditure (PCE) data, due on March 28, to assess the path of further interest rate cuts, following the US Federal Reserve's decision to keep its benchmark interest rate unchanged last week.

Gold is widely seen as a hedge against economic and political uncertainty, and tends to appreciate in a low interest rate environment.

According to Ngoc Tran (Vietnam News Agency)

Source: https://baogialai.com.vn/gia-vang-ngay-293-tiep-da-lap-dinh-tien-sat-moc-110-trieuluong-post316680.html