Gold price update closing session 31.3: Rising but showing signs of reversal

SJC gold bar price

As of 5:30 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 171.9-174.9 million VND/tael (buying - selling), an increase of 1.1 million 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 171.7-174.9 million VND/tael (buying - selling), an increase of 1 million VND/tael on the buying side and an increase of 1.1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.2 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 171.7-174.7 million VND/tael (buying - selling), an increase of 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

9999 gold ring price

As of 5:30 PM, DOJI Group listed the price of gold rings at 171.9-174.9 million VND/tael (buying - selling), an increase of 1.1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 171-174 million VND/tael (buying - selling), an increase of 700,000 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 the price of gold rings at the threshold of 171.7-174.7 million VND/tael (buying - selling), an increase of 900,000 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 5:23 PM, world gold prices were listed around 4,556.1 USD/ounce, up 25.5 USD compared to the previous day.

Gold price forecast

Under pressure from many intertwined factors, the gold market is forecast to continue to fluctuate strongly in the short term, although many experts still maintain a positive view of the long-term trend of precious metals.

According to analysis from HSBC, the recent developments of gold show that the market is reacting differently from its traditional shelter role. In the context of increasing geopolitical tensions, especially when the conflict in the Middle East has not shown clear signs of cooling down, gold prices should have been supported more strongly. However, in fact, the precious metal has had deep corrections, showing the impact of the stronger USD and interest rate expectations are still a significant drag.

HSBC believes that when the greenback appreciates, the demand for gold from non-US investors is often limited. In addition, the high interest rate environment also increases the opportunity cost of holding non-genuine assets such as gold. However, this bank still maintains a positive outlook for the long term, especially in the context that many central banks continue the trend of diversifying foreign exchange reserves, reducing dependence on the USD. This is considered one of the important supports for the gold market in the coming time.

Mr. James Steel - Head of Precious Metals Analysis at HSBC - also said that volatility is likely to continue to be a prominent feature of the market in 2026. According to him, the US Federal Reserve (Fed)'s operating policy, the diễn biến of the USD, and gold purchases from central banks will continue to dominate the price trend.

From a technical perspective, some experts still lean towards the possibility that gold will maintain its dominant upward trend. Jesse Colombo - an independent analyst of precious metals - believes that the 4,300 - 4,600 USD/ounce zone is playing a noteworthy supporting role. The fact that prices are still fluctuating above or around this zone shows that the long-term upward structure has not been broken. According to him, the recent sell-off may just be a short-term response to geopolitical shocks, rather than a signal confirming a sustainable downward trend.

In addition, demand for safe assets may still increase if tensions in the Middle East persist, while the market is still closely monitoring new signals from the Fed. With the current context, gold prices are likely to fluctuate strongly, but the long-term outlook for the precious metal has not been denied.