Updated latest: Domestic
gold prices continued to rise in the afternoon session, crossing the 170 million dong per tael mark. At SJC, bullion prices were quoted at 167.2–170.2 million dong per tael, up about 4 million dong from the opening. Major firms Bao Tin Minh Chau, Bao Tin Mạnh Hải, and DOJI also published SJC prices around 167.2–170.2 million dong per tael. On the world market, spot gold was 4,404 USD per ounce, about 139.9 million dong per tael (using a 26,300 VND/USD rate), before taxes and fees.
At 13:00, domestic gold prices continued to rise, up another 1.1 million dong per tael from the morning. At SJC, bullion prices were quoted at 166.0–169.0 million dong per tael, up about 1.1 million from the morning session. Major firms Bao Tin Minh Chau, Bao Tin Mạnh Hải, and DOJI also reported around 166.0–169.0 million per tael. For 24K 9999 gold jewelry, prices were 166.5–169.5 million dong per tael at Bao Tin Minh Chau and Bao Tin Mạnh Hải, while DOJI quoted 166.0–169.0; at SJC the rings were slightly lower, around 165.8–168.8. Therefore, total increase since early morning is about 3 million per tael. On the world market, spot gold was 4,409 USD per ounce, about 140.0 million per tael (using 26,300 VND/USD), before taxes and fees.
Earlier at 9:30, domestic gold prices rose, with SJC bullion quoted at 164.9–167.9 million per tael, up about 1.9 million from the end of the previous session. Major firms Bao Tin Minh Chau, Bao Tin Mạnh Hải, and DOJI priced 164.9–167.9; SJC jewelry rings 164.7–167.7. The international price stood at 4,343 USD per ounce, about 137.7 million per tael.
Earlier in the morning, domestic prices were largely flat versus the end of the previous day; SJC bullion 163.0–166.0 million per tael; rings 162.8–165.8. On the international side, gold traded at 4,362 USD per ounce, about 138 million per tael. By the evening of March 23, world prices recovered toward 4,500 USD per ounce as Trump signaled possible de-escalation with Iran. Oil prices fell more than 10%, global stocks rebounded, and the dollar strengthened. Goldman Sachs later raised its 2026 oil price forecast, citing ongoing supply disruption through the Hormuz Strait. Brent is projected at an average of 85 USD per barrel in 2026, WTI at 79 USD; the bank expects oil flows through Hormuz to remain around 5% of normal for six weeks, with a deficit of over 800 million barrels. The strengthening dollar reflects the US economy’s relative resilience to Middle East tensions, providing headwinds for gold and other precious metals.
