Gold ring price is unprecedentedly expensive at 101 million VND/tael

At 9:00 a.m. this morning, Doji listed the price of gold rings at 98.2 - 101 million VND/tael (buy - sell), an increase of 1 million VND/tael - 500,000 VND/tael (buy - sell) compared to the beginning of the session this morning. This is the highest price of gold rings to date.

Following the increase in gold rings, gold bars were listed this morning by Doji and SJC at 98.2 - 99.9 million VND/tael (buy - sell), an increase of 800,000 VND/tael - 1 million VND/tael (buy - sell) compared to early this morning.

Domestic gold prices increased sharply as world gold prices reached a new peak. On the morning of March 28, world gold prices were listed on Kitco at $3,054/ounce, up $34/ounce compared to early yesterday morning.

This is the highest price ever. Previously, on March 20, world gold reached 3,043 USD/ounce.

Gold prices hit a record high, supported by safe-haven demand amid concerns over escalating global trade tensions and a stock market plunge following US President Donald Trump's announcement of new auto tariffs.

Gold ring price hits new peak. (Photo: Minh Duc).

Looking at the price action, RJO Futures senior market strategist Bob Haberkorn said that gold futures will soon hit $3,100 an ounce and the main driver remains safe-haven buying, fueled by uncertainty surrounding President Trump's tariff plans.

World leaders said they would retaliate against the 25% tariff that US President Donald Trump imposed on imported cars. Global stock markets were rocked as shares of some of the world's biggest automakers plunged.

Gold will be more expensive

Commenting on the future price of gold, financial expert Tran Duy Phuong said that gold is a channel to attract money and the price of this metal has increased sharply in the first quarter of 2025.

This expert believes that the possibility of gold price increase is still there in the near future. However, the market is always in a sine wave state and the price has necessary adjustments. After the price increase, there will be a decrease to welcome a higher price increase.

According to Mr. Phuong, the recent surge in gold prices has had a strong impact on buyers’ psychology. People and investors are thinking that investing in gold will mostly make a profit, so they accept the peak when gold reaches 100 million VND/tael.

He warned that now is a risky time to invest in gold, because the world gold price is likely to decline and adjust after a period of rapid increase. However, gold does not have to run out of opportunities to increase this year.

" I see that from now until the end of 2025, the strategy of investing in gold is still effective, the world gold price still has room to increase. But investing in gold requires choosing the time, considering the time of buying and selling to have the highest rate of return. For example, currently the world and domestic prices are at the highest level ever. At this time, spending money to buy gold in the future will still be profitable, but the rate of return will not be high and the waiting time for a good profit is quite long, " said Mr. Phuong.

NGOC VY

Source: https://vtcnews.vn/gia-vang-nhan-dat-chua-tung-co-101-trieu-dong-luong-ar934258.html