Gold price on March 31, 2025: Soaring, exceeding 101 million VND/tael

Illustration photo. Photo: Internet

At the first trading session of the week, Bao Tin Minh Chau's gold ring prices were 99.3 - 101.3 million VND/tael, respectively, an increase of 400,000 VND/tael compared to the closing price at the end of last week.

Meanwhile, the price of gold rings at DOJI Gold and Gemstone Group Joint Stock Company is traded at 99.2 - 101.2 million VND/tael (buy - sell). Similarly, gold rings of Phu Quy Gold Investment Joint Stock Company are also listed at this price.

Saigon Jewelry Company Limited (SJC) announced the price of SJC gold bars at 99.2 - 101.2 million VND/tael (buy - sell), recording an increase of 800,000 VND/tael for buying and 500,000 VND/tael for selling compared to the session at the end of last week.

Currently, SJC gold rings and gold bars are at their highest levels in history. The difference between the buying and selling prices of domestic gold is currently about 2 million VND/tael, increasing short-term risks for gold buyers.

The world gold price on the morning of March 31 (Vietnam time) reached 3,098 USD/ounce, the highest level ever. Converted according to Vietcombank exchange rate, each tael of world gold costs 96.1 million VND, about 5 million VND/tael lower than the domestic gold price.

Banking and finance experts expect gold prices to continue to improve in the coming time, especially on April 2, when US President Donald Trump's tariff policy is expected to take effect, which could have a strong impact on the gold market.

In addition, demand for gold from central banks, Chinese consumers and North American investors continues to play an important role in pushing up the price of the precious metal. In addition, geopolitical tensions in some regions of the world show no signs of abating.

This week, investors will focus on President Donald Trump’s tariffs and the US non-farm payrolls report for March. According to experts, both factors could increase the appeal of gold as a safe haven.

Domestically, financial experts recommend that gold buyers closely monitor market developments before making a decision, as the gap between buying and selling prices is still high, increasing risks. In addition, the imbalance between supply and demand when the demand for gold increases sharply can lead to the risk of fraud and counterfeit gold trading for profit.

Cao Thong (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-31-3-2025-tang-vot-vuot-101-trieu-dong-luong/20250331093832963