Continue to increase sales

Gold price today (March 21): While world gold price is stable, domestic gold price continues to be adjusted to increase in selling price.

Domestic gold price today

At the end of March 20, the domestic gold bar price continued to be adjusted to increase the selling price. Currently, gold brands are buying at 97.8 million VND/tael and selling at 99.8 million VND/tael. Phu Quy SJC and Bao Tin Minh Chau gold are buying at 200,000 VND higher than other brands.

Similarly, the price of gold rings of various brands has also been adjusted to increase in the selling direction. Specifically, the price of DOJI gold in the Hanoi and Ho Chi Minh City markets has been adjusted to increase by 200,000 VND for buying and 300,000 VND for selling to 98.5 million VND/tael and 100.2 million VND/tael, respectively.

The listed price of SJC 9999 gold ring is 98.4 million VND/tael for buying and 100.3 million VND/tael for selling.

Domestic gold prices remain high. Photo: dantri.com.vn

PNJ brand gold ring price is listed at 98.1 million VND/tael and 99.9 million VND/tael, unchanged from early this morning.

Bao Tin Minh Chau listed the price of plain round gold rings at 98.55 million VND/tael for buying and 100.03 million VND/tael for selling, an increase of 200,000 VND for buying and 30,000 VND for selling.

Phu Quy SJC is buying gold rings at 98.5 million VND/tael and selling at 100.3 million VND/tael, an increase of 100,000 VND in buying price and 400,000 VND in selling price compared to early this morning.

Domestic gold bar prices updated at 5:30 a.m. on March 21 as follows:

Yellow	Area	Early morning 20-3	Early morning 21-3	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	98	99.5	97.8	99.8	-200	+300
Ho Chi Minh City	98	99.5	97.8	99.8	-200	+300
SJC	Ho Chi Minh City	98	99.5	97.8	99.8	-200	+300
Hanoi	98	99.5	97.8	99.8	-200	+300
Danang	98	99.5	97.8	99.8	-200	+300
PNJ	Ho Chi Minh City	98	99.5	97.8	99.8	-200	+300
Hanoi	98	99.5	97.8	99.8	-200	+300
Bao Tin Minh Chau	Nationwide	98	99.5	98	99.5	-	+300
Phu Quy SJC	Nationwide	98	99.5	98	99.5	-	+300

World gold price today

World gold prices were stable, with spot gold falling $4.3 to $3,045.3 an ounce. Gold futures last traded at $3,052.3 an ounce, down $7 from early this morning.

Gold prices steadied on Thursday after a recent rally, but the market maintained its bullish outlook after the US Federal Reserve signaled a rate cut and continued geopolitical and economic uncertainty.

Allegiance Gold CEO Alex Ebkarian said that speculators are trying to take advantage of the market and make a profit... That's why every time the gold price hits a high, there will be a resistance level.

“Gold is not even acting as a safe haven for retail investors because we are not technically in a recession. We are seeing a slowdown in the economy and that is likely to create more uncertainty and more demand for safe haven assets,” said Ebkarian.

Lukman Otunuga, senior research analyst at FXTM, said that gold remains in a strong bullish trend with the next resistance at the psychological level of $3,100 per ounce. He also stressed that a drop below $3,030 per ounce could trigger a lower price decline for gold.

World gold prices are stable. Photo: Getty Images

On Wednesday, Fed Chairman Jerome Powell said that President Donald Trump's early policies, including extensive import tariffs, may have slowed US economic growth and increased inflation.

Meanwhile, Mr. Trump criticized the Fed's decision to keep interest rates unchanged, despite forecasts of two rate cuts, each by 0.25 percentage points, by the end of the year due to slowing economic growth and higher inflation.

“In our bullish scenario, we forecast gold to reach $3,500/oz by year-end, supported by much higher investment/hedging demand due to concerns about a hard landing/stagnant inflation in the US,” Citi analysts said in a recent note.

With the domestic gold bar price increasing and the world gold price listed at Kitco at 3,045.3 USD/ounce (equivalent to about 94.5 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 5.3 million VND/tael.

TRAN HO HOAI

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