Gold price update closing session 27.3: Domestic gold prices simultaneously increase

SJC gold bar price

As of 7:35 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 168.6-171.6 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 168.6-171.6 million VND/tael (buying - selling), an increase of 200,000 VND/tael on the buying side and an increase of 100,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 168.6-171.6 million VND/tael (buying - selling), an increase of 600,000 VND/tael on the buying side and an increase of 100,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

9999 gold ring price

As of 7:37 PM, DOJI Group listed the price of gold rings at the threshold of 168.6-171.6 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 168.6-171.6 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 168.6-171.6 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 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.

World gold price

At 7:38 PM, world gold prices were listed around the threshold of 4, 426.8 USD/ounce, an increase of 2.2 USD compared to the previous day.

Gold price forecast

World gold prices are undergoing a period of strong correction after setting a historical peak, however, many financial institutions and experts still maintain a positive view on the long-term trend of this precious metal.

According to the latest investment strategy report, Wells Fargo experts believe that gold's decline mainly comes from short-term macroeconomic factors such as the strengthening USD, increased bond yields and narrowed expectations of interest rate cuts. These factors have overshadowed the traditional safe haven role of gold in the context of increasing geopolitical tensions.

The rise of the USD, bond yields, and changes in monetary policy expectations are putting significant pressure on gold prices," Wells Fargo said.

However, this bank still maintains an optimistic view in the medium and long term. Accordingly, gold prices are forecast to reach the 6,100–6,300 USD/ounce range by the end of 2026, with the main driving force coming from the sustainable buying demand of central banks, along with the possibility that current pressure factors are gradually weakening.

From another perspective, Mr. Nitesh Shah - Head of Commodity Research at WisdomTree - said that the recent deep decline does not completely reflect the fundamental factor, but largely comes from position adjustment and sell-off pressure in the market.

I think most of the decline since the peak is just removing the bubble factor from the price," Mr. Shah said, while emphasizing that the current price may be an attractive buying opportunity for long-term investors.

This expert also noted that in periods of major geopolitical fluctuations, gold tends to decline in the short term before returning to the upward trend. Therefore, current corrections may be temporary.

In the context that inflation is still latent and geopolitical risks have not cooled down, many opinions believe that gold still plays an important role in the investment portfolio. Experts recommend that investors should consider a partial accumulation strategy, instead of reacting according to short-term market fluctuations.