Gold price skyrockets, reaching 100.6 million VND/tael for the first time

World gold prices continue to climb - Screenshot

Gold prices continue to set new records

The world gold price has continuously set new records since last night, reaching 3,075 USD/ounce at 9:30 this morning - the highest ever. With this all-time high, converted according to the exchange rate listed at the bank, the world gold price is equivalent to 95.5 million VND/tael.

This morning, since opening, the listed gold price at SJC Company has skyrocketed, jumping to the "three-nine" threshold and then going straight to 100.4 million VND/tael.

The buying price is 98.4 million VND/tael. Compared to the end of yesterday, the selling price of gold bars this morning increased by 1.5 million VND/tael.

The price of 9999 gold rings at SJC Company also increased by 1.7 million VND/tael, to 100.3 million VND/tael, the buying price increased by 1 million VND/tael, to 98.2 million VND/tael.

At PNJ Company, the selling price of gold rings and gold bars both jumped to 100.4 million VND/tael, buying price was 98.4 million VND/tael, an increase of 1 million VND/tael in both buying and selling prices.

At Bao Tin Minh Chau Company, after two increases, the price of 9999 gold rings has reached 100.6 million VND/tael, buying at 98.8 million VND/tael - the highest level in the market and also the highest level ever.

Compared to the converted world gold price, the domestic gold price is about 4.5 million VND/tael higher.

Gold prices are expected to continue to increase.

Many organizations and experts predict that gold prices will continue to increase - Photo: THANH HIEP

According to expert Tran Duy Phuong, the shocking increase in world gold prices tonight was due to the impact of the news that US President Donald Trump imposed a 25% import tax on all cars entering the US, 10 times higher than the current rate. The new tax rate will take effect on April 2 and help the US budget have more than 100 billion USD each year.

Investors are looking for safe haven assets to cope with escalating global trade tensions and falling stock markets. Given the current situation, experts predict that the world gold price will soon reach the milestone of 3,100 USD/ounce, especially when the countries affected by this decision have threatened to retaliate.

Gold also received support from strong central bank inflows and ETF demand.

At the event "Market Update: Global and Vietnam Economic Outlook 2025" organized by UOB Vietnam Bank on the afternoon of March 26, Mr. Abel Lim - Director of Advisory and Asset Management Strategy, UOB Bank (Singapore) commented that gold can play the role of a diversification asset and a hedge against the risk of slowing economic growth and market instability.

"Overall, long-term demand for gold as a safe haven asset is expected to continue to increase, with gold prices forecast to reach $3,200/ounce in the first quarter of 2026," Mr. Abel Lim predicted.

Please follow the domestic gold price developments here.

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Source: https://tuoitre.vn/gia-vang-tang-vun-vut-lan-dau-cham-nguong-100-6-trieu-dong-luong-20250328094525263.htm