Gold price increased by 500,000 VND per tael in buying direction.

Specifically, at 9:15 a.m., DOJI Gold and Gemstone Group and Saigon Jewelry Company listed the price of gold bars at VND94.8 - 96.1 million/tael, an increase of VND500,000/tael for buying and an increase of VND300,000/tael for selling compared to the closing price yesterday.

Bao Tin Minh Chau Company listed the price of gold bars and gold rings at 95 - 96.6 million VND/tael (buy - sell), an increase of 50,000 VND/tael for buying and an increase of 100,000 VND/tael for selling compared to the closing price yesterday.

Saigon Jewelry Company (SJC) listed the price of gold rings at 94.7-96 million VND/tael (buy - sell), an increase of 500,000 VND/tael for buying and 300,000 VND/tael for selling compared to yesterday's closing price.

In the world market, the price of gold is approaching the threshold of 3,000 USD/ounce. Specifically, the price of gold in Asia reached a record high in the session of March 14 due to the instability of US tariffs, trade tensions and increasing expectations of the US Federal Reserve (Fed) easing monetary policy.

According to experts, the physical gold supply crisis may be causing gold prices to continue to rise sharply.

Through closely monitoring the developments of the world gold market, Expert Truong Vi Tuan, Giavang.net analyzed that many sources said that the Director of Precious Metals Trading and Trading in North America and EMEA at StoneX Group - Mr. Greg Frith said that a large amount of physical gold, up to 2,000 tons, was transported from London to New York just in December until now.

The main reason for this huge amount of gold flowing into the US is that Comex futures traders are trying to store physical gold to reduce their risk due to concerns about tariffs that could be imposed by the Trump administration.

“No one really knows whether gold will be taxed. In theory, gold is a monetary asset and is not taxed in the US. But with the Trump administration’s volatile tariff policy, anything is possible,” Mr. Frith warned.

According to Mr. Truong Vi Tuan, the amount of gold transferred to the US not only puts pressure on refineries, but also causes gold reserves in London to decrease significantly. According to data from the London Bullion Market Association (LBMA), the amount of gold reserves in London gold vaults has decreased continuously for 3 consecutive months, in January alone, the decrease was 1.7% compared to December. This could increase the scarcity of gold in London, while also encouraging traders to seek to transfer gold from other markets to Europe, causing strong fluctuations in the precious metal market.

In the coming time, if trade tensions and tariff policies show no signs of cooling down, gold prices may continue to increase sharply, making the precious metal market the focus of global investors, expert Truong Vi Tuan predicted.