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Tiếng Việt
English
Vietnam’s gold market opened on March 26 with little movement, as SJC gold bars continued to trade around 173.5 million VND per tael. This marks the second consecutive session of price stability, reflecting cautious investor sentiment amid ongoing volatility in global markets.
At 9:15 AM, major gold traders including SJC, DOJI, and Phu Quy simultaneously listed gold bar prices at 170.5 – 173.5 million VND per tael (buying – selling), unchanged from the previous session.
Similar to gold bars, the gold ring segment also recorded stable pricing across major retailers.
At Phu Quy, gold rings were listed at 170.5 – 173.5 million VND per tael. Meanwhile, Bao Tin Minh Chau—after temporarily closing for regulatory inspection—announced it would reopen at noon on March 26.
Its plain gold rings remain priced at 172.5 – 175.5 million VND per tael, unchanged since March 25.
Notably, the spread between buying and selling prices remains elevated at around 3 million VND per tael. This relatively wide margin highlights continued caution among traders in response to unpredictable global price movements.
On the international market, gold prices have corrected after reaching a record high. Previously, gold surged to $4,602 per ounce before retreating toward the $4,500 level.
As of the morning session on March 26, global gold traded at approximately $4,532 per ounce, reflecting profit-taking pressure after a strong rally.
Based on the USD exchange rate at Vietcombank, global gold prices are equivalent to approximately 143.9 million VND per tael. Compared to SJC gold, the domestic price is higher by nearly 29.6 million VND per tael.
This significant gap continues to highlight the divergence between Vietnam’s gold market and global benchmarks.
The State Bank of Vietnam set the central exchange rate on March 26 at 25,102 VND/USD, down 2 VND compared to the previous day.
This adjustment reflects a relatively stable foreign exchange environment despite external uncertainties.
At major commercial banks:
All rates declined slightly by 2 VND from the previous session, contributing to overall stability in the domestic gold market.
Following recent volatility, investors are adopting a wait-and-see approach, closely monitoring global signals. The correction in international gold prices after hitting record highs has reinforced market caution.
Vietnam’s gold market is heavily influenced by regulatory policies and limited supply, which often causes domestic prices—especially SJC gold—to diverge significantly from global trends.
Stable USD exchange rates also play a key role in keeping domestic gold prices steady. Without major currency fluctuations, pressure on local gold prices remains limited.
Domestic gold prices remain stable, with SJC holding firm at 173.5 million VND per tael. Meanwhile, global gold has pulled back after reaching record highs, maintaining a substantial gap between international and local markets.
In the short term, gold prices are expected to move within a narrow range as investors await clearer signals from global economic conditions and monetary policy. Closely monitoring international gold trends and USD movements will be crucial for making informed investment decisions.
