Gold price update closing session 23.3: Sharp decrease but signs of recovery

Khương Duy |

Gold price update closing session 23.3: Continuing to decrease sharply. The world market shows signs of recovery.

SJC gold bar price

As of 6:00 PM, SJC gold bar prices were listed by DOJI Group at 160.8-163.8 million VND/tael (buying - selling), down 7.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

SJC gold bar price was listed by Bao Tin Minh Chau at 163-166 million VND/tael (buying - selling), down 5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 163-166 million VND/tael (buying - selling), down 5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Giá vàng miếng SJC tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
SJC gold bar price at some business units. Unit: VND/tael. Table: Khuong Duy

9999 gold ring price

As of 6:00 PM, DOJI Group listed gold ring prices at 160.3-16.37 million VND/tael (buying - selling), down 7.8 million VND/tael on the buying side and down 7.4 million VND/tael on the selling side. The difference between buying and selling prices is at 3.4 million VND/tael.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Gold ring price movements in recent trading sessions. Chart: Khuong Duy

Bao Tin Minh Chau listed the price of gold rings at 163-166 million VND/tael (buying - selling), down 6.1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at 163-166 million VND/tael (buying - selling), down 5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
Price of plain gold rings at some business units. Unit: VND/tael. Table: Khuong Duy

World gold price

At 6:20 PM, world gold prices were listed around the threshold of 4,401.4 USD/ounce, down 88.8 USD compared to the previous day. However, compared to the day's bottom (below 4,100 USD/ounce), world gold is recovering quite well.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in world gold prices in recent trading sessions. Chart: Khuong Duy

Gold price forecast

Under widespread sell-off pressure, world gold prices experienced a very strong drop in just about half a trading day, showing that market sentiment is changing significantly. It is noteworthy that the precious metal plummeted even as tensions in the Middle East continued to escalate - a capital factor that often supports safe-haven demand.

At 2:25 PM on March 23 (Vietnam time), world gold prices fell to 4,123.1 USD/ounce. The precious metal lost more than 10% just last week, marking the deepest week of decline in decades, and about 26% lower than the historical peak of 5,594.82 USD/ounce set on January 29, 2026. However, by the time of writing, gold had regained the threshold of 4,400 USD/ounce.

This development reflects an overwhelming concern in the market: The sharp increase in oil prices may heat up inflation again. As energy costs escalate, investors immediately worry that central banks, especially the US Federal Reserve (Fed), will be forced to maintain high interest rates for longer than expected. Even the possibility of interest rate hikes returning is being considered.

Pressure on gold therefore comes from many directions. The yield of 10-year US government bonds soared, while the rising USD made gold less attractive. As an unprofitable asset, gold is often disadvantaged when holding costs increase and cash flow shifts to channels with clearer yields.

Mr. Tim Waterer - Head of Market Analysis at KCM Trade - said that as the Iran conflict enters its fourth week and oil prices are still hovering around the high zone, investor expectations have shifted from interest rate cuts to the risk of interest rate hikes. According to him, this reversal is weakening gold's attractiveness in terms of yield.

Sharing the same view, Mr. Nikos Tzabouras - senior market analyst at Tradu. com - said that the market is no longer betting on the possibility of the Fed reducing interest rates this year, but is starting to assess the scenario of interest rate hikes. This supports the USD and further increases pressure on gold.

Below is the gold price list at some business brands, recorded at 6:15 PM on March 23.

Cập nhật giá vàng lúc 18h15 trên website DOJI.
Gold price update at 6:15 PM on DOJI website.
Cập nhật giá vàng lúc 18h15 trên website Bảo Tín Minh Châu.
Gold price update at 6:15 PM on Bao Tin Minh Chau website.
Cập nhật giá vàng lúc 18h15 trên website DOJI.
Gold price update at 6:15 PM on Phu Quy website.
Cập nhật giá vàng lúc 18h15 trên website PNJ.
Gold price update at 6:15 PM on PNJ website.
Cập nhật giá vàng lúc 18h15 trên website DOJI.
Gold price update at 6:15 PM on Bao Tin Manh Hai website.

Gold price data is compared to the previous day.

See more news related to gold prices HERE...

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