Editor’s Note
This article reports the gold price movements in Vietnam as of March 13, 2025, based on data from major local companies. Figures are provided in Vietnamese Dong (VND).
As of 4:00 AM on March 13, 2025, the gold prices traded on exchanges of several companies are as follows:
At Saigon Jewelry Company (SJC) and DOJI Group, the price of gold bars was set at 91.8 million VND per tael for buying and 93.5 million VND per tael for selling. This afternoon’s gold price increased by 800,000 VND for buying and 500,000 VND for selling compared to yesterday’s closing price.
The DOJI system set the buying price for SJC gold at 91.8 million VND per tael and the selling price at 93.5 million VND per tael. This represents an increase of 800,000 VND per tael for buying and 500,000 VND per tael for selling compared to yesterday.
At Mi Hong Jewelry Company, the buying price for SJC gold is 92.7 million VND per tael, and the selling price is 93.7 million VND per tael. Thus, compared to yesterday’s trading day, the gold price surged by 200,000 VND per tael for both buying and selling.
Bao Tin Minh Chau Co., Ltd. set the SJC gold price at 92.0 million VND per tael (buying) and 93.5 million VND per tael (selling). This is an increase of 1.0 million VND per tael for buying and 700,000 VND per tael for selling compared to yesterday.
Bao Tin Manh Hai Co., Ltd. set the SJC gold price at 84.4 million VND per tael (buying) and 86.4 million VND per tael (selling). This price showed no change in both buying and selling directions compared to yesterday’s closing price.
According to Kitco, the global gold spot price as of 4:00 AM (Vietnam time) today was $2,924.02 per ounce. Today’s gold price increased by 0.45% compared to yesterday. Applying the free market exchange rate (25,776 VND/USD), the global gold price is approximately 90.8 million VND per ounce (excluding taxes and fees). Therefore, the SJC gold bar price is currently 2.4 million VND per ounce higher than the international gold price.
According to Reuters, gold, a safe-haven asset, remained stable thanks to uncertainty over tariffs and a more dovish inflation report, which helped boost expectations for U.S. interest rate cuts.
Spot gold prices rose 0.1% to $2,917.93 per ounce as of 12:58 GMT. U.S. gold futures edged up 0.1% to $2,923.80. Data showed the U.S. Consumer Price Index (CPI) rose 0.2% last month, following a 0.5% gain in January. However, this improvement may be temporary, with most goods prices expected to rise in the coming months due to high tariffs on imports.
said Tai Wong, an independent metals trader.
On the trade policy front, President Donald Trump’s order to raise tariffs on U.S. steel and aluminum imports took effect from Wednesday. This accelerated moves to reshape world trade in America’s favor while triggering immediate retaliation from Europe. Last year, the Federal Reserve (Fed) cut benchmark interest rates by 100 basis points. Financial markets expect the Fed to continue rate cuts in June, which it paused in January, due to worsening economic prospects.
Gold is valued in a low-interest-rate environment as it yields no returns and is considered a safe investment during times of high economic and geopolitical uncertainty.
The next key economic indicators investors are watching are the U.S. Producer Price Index (PPI) and weekly jobless claims, scheduled for release on Thursday.
Spot silver prices rose 0.7% to $33.16 per ounce.
UBS said in a report, “In our base scenario of a modest manufacturing recovery, we expect silver to outperform gold, but the main risk is the potential for a more pronounced slowdown in U.S. economic growth.” Platinum rose 1.5% to $990, and palladium rose 0.7% to $952.23.
