Gold prices in Vietnam reverse course, surge on March 14th

On the morning of March 14th, the price of SJC gold and 24k plain gold rings increased by about 1 million VND/tael.

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On the afternoon of March 14th, the price of SJC gold continued to recover to nearly 82 million dong per tael.

At Saigon Jewelry and Gemstone Joint Stock Company, the price of SJC gold was listed at 79.7-81.7 million dong per tael, an increase of 300 thousand dong per tael compared to the end of the morning session. The increase compared to yesterday was 1.2 million dong per tael.

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As of noon on March 14, the domestic gold price continued to rise sharply. The increase from the opening to the present time has reached 1 million dong per tael.

At 11:30 am, Saigon Jewelry and Gemstone Joint Stock Company listed the price of SJC gold at 79.4-81.4 million dong per tael, an increase of 400 thousand dong per tael compared to the survey conducted 2 hours ago. Compared to yesterday, the price of SJC gold here has increased by 900 thousand dong per tael. The price of plain 24k gold also continued to rise to 67.70-69.00 million dong per tael.

In some other brands, the price of plain gold rings has returned to the 70 million dong per tael mark. For example, Bao Tin Minh Chau listed the price at 68.58-70.08 million dong per tael, while DOJI applied the range of 68.5-69.95 million dong per tael.

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In the early hours of March 14, the domestic gold price reversed and increased. Prior to that, the gold price on March 13 suddenly plunged, decreasing by 2-2.5 million dong per tael.

At 9:00 am on March 14, Saigon Jewelry and Gemstone Joint Stock Company listed the price of SJC gold at 79.0-81.0 million dong per tael, an increase of 500 thousand dong per tael compared to yesterday. The price of plain gold rings also increased by about 400 thousand dong per tael to 67.4-68.8 million dong per tael.

At Bao Tin Minh Chau, the price of plain gold rings also increased sharply and returned to the 69 million dong per tael mark. Specifically, this type of gold is currently listed at 67.88-69.38 million dong per tael, an increase of about 500 thousand dong per tael compared to yesterday.

Similarly, DOJI Group also increased by about 500-600 thousand dong per tael. Currently, the listed price of SJC gold is 78.9-80.9 million dong per tael, and the price of plain 9999 gold rings is 67.3-69.0 million dong per tael.

Phu Nhuan Jewelry, Gemstone and Precious Stones Company also increased the price of both types of gold by 500 thousand dong per tael. Currently, the price of SJC gold is 78.5-80.9 million dong per tael and the price of plain gold rings is 67.6-68.9 million dong per tael.

Although there has been a significant recovery, the current domestic gold price is still about 2 million dong per tael below the peak set at the beginning of the week.

In the international market, gold prices have recovered, increasing by 20 USD/ounce compared to yesterday morning to 2,175 USD/ounce, equivalent to 64.5 million dong per tael at the bank exchange rate and 66.5 million dong per tael at the free market exchange rate.