Gold price update morning of March 21st: Slump, closing the week with the strongest decrease in 6 years

Khương Duy |

Gold price update morning of March 21st: World gold lost the 4,600 USD/ounce mark, heading towards its strongest weekly decline in six years.

SJC gold bar price

As of 6:00 AM on March 21, SJC gold bar prices were listed by DOJI Group at the threshold of 173.1-176.1 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.

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 the threshold of 173.1-176.1 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 Jewelry Group listed SJC gold bar prices at the threshold of 173.1-176.1 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.

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 AM on March 21, DOJI Group listed the price of gold rings at the threshold of 173.1-176.1 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.

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 the threshold of 173.1-176.1 million VND/tael (buying - selling), down 200,000 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 173.1-176.1 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.

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 11:44 PM on March 20, world gold prices were listed around the threshold of 4, 584.5 USD/ounce.

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

Gold prices are heading towards their strongest weekly decline in six years. Gold fell due to concerns that prolonged inflation would force central banks to maintain tight monetary policy. The rising energy prices and expectations of interest rate cuts are narrowed.

Some experts believe that this adjustment may only be temporary and may stimulate buying demand from central banks in the near future.

In the silver market, demand from China continues to increase sharply. In the first two months of 2026, this country imported more than 790 tons of silver, of which nearly 470 tons in February alone, the highest level ever recorded for this month.

Increased demand makes domestic silver prices significantly higher than international ones, while reducing inventory on exchanges and attracting more supply from abroad.

Silver prices at the beginning of the year fluctuated very strongly, once increasing by about 70% due to speculation, before decreasing rapidly at the end of January. However, import data shows that actual demand remains stable.

Developments in the global energy and financial markets continue to greatly affect the trend of precious metal prices. Oil prices fluctuate around 96.50 USD/barrel, while the USD increases and US bond yields rise.

Yields on 2-year term bonds reached 3.83% and 5-year term bonds reached 3.91%. Notably, expectations for the US Federal Reserve to cut interest rates this year have decreased sharply compared to before, due to increased inflationary pressure. Previously, the market had forecast a decrease of about 61 basis points, but now it is only about 3 points.

Major central banks still maintained interest rates this week and signaled that they would closely monitor inflation developments to be able to adjust policies when necessary. In that context, the global financial market tends to be more cautious, while energy-related factors continue to play an important role in orienting prices.

Gold price data is compared to the previous day.

See more news related to gold prices HERE...

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