Gold prices on the morning of March 31, 2025 increased sharply, exceeding 101 million VND/tael

Gold prices today March 31, 2025 increased sharply.

Opening the morning session of the first week, the price of gold rings traded at Bao Tin Minh Chau was at 99.3 - 101.3 million VND/tael (buy - sell), an increase of 400,000 VND/tael in both buying and selling directions compared to the closing price at the end of last week.

Meanwhile, at DOJI Gold and Gemstone Group Joint Stock Company, plain round rings are traded at around VND99.2 - 101.2 million/tael (buy - sell). Similarly, at Phu Quy Gold Investment Joint Stock Company, gold rings are traded at VND99.2 - 101.2 million/tael (buy - sell).

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

The price of SJC gold rings and gold bars today is trading at a historical peak, the highest ever. The difference between buying and selling prices of domestic gold is quite high, about 2 million VND/tael, pushing the risk of short-term losses for gold buyers.

Domestic gold prices today increased sharply after world gold prices set a new record. On the morning of March 31 (Vietnam time), world gold prices were trading at 3,098 USD/ounce, the highest in history. Converted according to Vietcombank exchange rate, 1 tael of world gold costs 96.1 million VND. Thus, domestic gold prices are still about 5 million VND/tael higher than world gold prices.

Many banking and financial experts expressed optimism about gold prices in the coming time, especially on April 2, when US President Donald Trump's tariff policies are expected to take effect, which could cause strong fluctuations in the gold market.

In addition, the factors driving the precious metal's rise, gold, remain intact, such as demand from central banks, Chinese consumers, and North American investors. Furthermore, geopolitical tensions in some regions show no signs of "cooling down."

Investors will be watching this week to see whether President Donald Trump’s tariffs become a reality, while the market is also awaiting the US non-farm payrolls report for March. Analysts say both issues are likely to boost gold’s appeal as a safe haven.

Domestically, financial experts note that gold buyers at this time need to closely monitor the market before deciding to buy, because the difference between buying and selling is at a high level, pushing risks to the gold buyer. In addition, when the demand for gold increases and the quantity sold is limited, there will be fraud and fake gold sales for profit.

Source: VNA/Tin Tuc Newspaper

Source: https://baodongkhoi.vn/gia-vang-sang-31-3-2025-dong-loat-tang-manh-vuot-101-trieu-dong-luong-31032025-a144491.html