Gold price update on the morning of March 30: Profit of 1 million VND after a week

Phan Anh (Theo Kitco) |

Gold price update on the morning of March 30: After a week of buying, domestic investors made a profit of VND 200,000 - VND 1 million/tael depending on the type of gold.

SJC gold bar price

At the end of the trading session of the week, DOJI Group listed the price of SJC gold at 98.4-100.7 million VND/tael (buy in - sell out).

Compared to the closing price of last week's trading session (March 23, 2025), the price of SJC gold bars at DOJI increased by VND4 million/tael for buying and VND3.3 million/tael for selling.

The difference between the buying and selling prices of SJC gold at DOJI Group is at 2.3 million VND/tael.

Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 98.4-100.7 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session (March 23, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC increased by VND4 million/tael for buying and VND3.3 million/tael for selling.

The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2.3 million VND/tael.

Dien bien gia vang mieng SJC nhung phien gan day. Bieu do: Phan Anh
SJC gold bar price movements in recent sessions. Chart: Phan Anh

If buying SJC gold at DOJI Group and Saigon Jewelry Company SJC in the session of March 23 and selling it in today's session (March 30), gold buyers at DOJI Group and Saigon Jewelry Company SJC will both make a profit of 1 million VND/tael.

9999 gold ring price

This morning, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 98.4-100.7 million VND/tael (buy - sell); an increase of 2.8 million VND/tael for buying and an increase of 2.5 million VND/tael for selling compared to the closing price of the previous trading session. The difference between buying and selling is at 2.3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 98.9-100.9 million VND/tael (buy - sell); an increase of 2.8 million VND/tael for buying and an increase of 2.3 million VND/tael for selling compared to the closing price of the previous trading session. The difference between buying and selling is at 2 million VND/tael.

Dien bien gia vang nhan thoi gian gan day. Bieu do: Khuong Duy
Recent developments in gold ring prices. Chart: Khuong Duy

If buying gold rings in the session of March 23 and selling in today's session (March 30), buyers at DOJI will make a profit of VND 200,000/tael, while buyers at Bao Tin Minh Chau will make a profit of VND 300,000/tael.

World gold price

At the end of the trading session of the week, the world gold price listed on Kitco was at 3,084.7 USD/ounce, up 61.3 USD/ounce compared to the closing price of the previous trading session.

Dien bien gia vang the gioi nhung phien giao dich gan day. Bieu do: Phan Anh
World gold price developments in recent trading sessions. Chart: Phan Anh

Gold price forecast

World gold prices at the end of the week received support when the USD decreased. Recorded at 6:00 a.m. on March 30, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 103.710 points (down 0.27%).

According to market analysts, safe-haven demand continues to drive cash flow into gold as US President Donald Trump's import tax policy and the global trade war have caused the stock market to plummet. While gold had its best quarterly increase in 39 years, the S&P 500 lost 5% - the worst quarter since July 2022.

The good news for gold is that there are still many uncertainties and concerns that could push prices higher. Next week, Mr. Trump is expected to apply new tariffs globally, causing increased trade tensions.

Tom Bruce - Macro investment strategist at Tanglewood Total Wealth Management, commented that even when gold prices are high, this precious metal is still an attractive safe haven asset. He said gold has only had minor corrections due to high levels of economic and geopolitical instability. In this context, he continues to expect gold prices to increase further.

There are both technical and fundamental factors supporting golds rally. If you look at everything going on in the world economy and how the Donald Trump administration restructures global trade, it creates a lot of uncertainty - and that is a positive signal for gold, said Bruce.

This is an impressive rally, and I have not seen any signs of a significant change at this point, said James Stanley, senior strategist at Forex.com.

However, chasing in this high price zone can be a difficult strategy, especially when prices have increased too quickly. With a quarterly cut early next week and prices still above $3,000 an ounce, I think a correction could happen in the near future. $3,100/ounce could be a trigger, the expert said.

Economic data to watch next week

Tuesday: US ISM manufacturing PMI, JOLTS employment.

Wednesday: US imposes global import tax, non-agricultural ADP salary table.

Thursday: US weekly jobless claims, ISM services PMI.

Friday: US non-farm payrolls.

See more news related to gold prices HERE...

Phan Anh (Theo Kitco)
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