On the morning of 24/3, Saigon Jewelry Company (SJC) listed gold bar prices at 164,9 - 167,9 million dong per tael, up 1,9 million dong from yesterday. Other brands made similar adjustments.

The precious metal recovered after significant short-term fluctuations. Yesterday, gold bars at one point dropped by 9 million dong, reaching 162 million dong per tael. However, by the end of the day, prices reversed, climbing back to 166 million dong.

SJC also increased the price of plain gold rings by 1,9 million dong, to 164,7 - 167,7 million dong per tael. PNJ, Bao Tin Manh Hai, and DOJI traded this item 200,000 dong higher than SJC, ranging from 164,9 - 167,9 million dong. Plain round rings at Bao Tin Minh Chau traded between 165,5 - 168,5 million dong.

Domestic gold prices rose following a recovery in international prices last night. Global spot gold on 23/3 briefly fell below the 4,200 USD mark. However, by the end of the session, the precious metal rebounded to 4,431 USD.

This morning, international prices continued their decline, falling by over 56 USD to 4,321 USD per ounce. Converted at Vietcombank's exchange rate, global gold is equivalent to 137 million dong per tael, a 30 million dong difference compared to domestic prices. This marks a significant gap between the two markets.

The gold market's recovery after its sharp decline is attributed to hopes of de-escalation in the Middle East conflict, which improved investor sentiment. Previously, US President Donald Trump announced the cancellation of a "48-hour ultimatum" to Iran, following "effective" negotiations over the past two days.

Silver bar prices continued to fall by 3,4%. Phu Quy Gold Investment Joint Stock Company listed this item at 2,49 - 2,57 million dong per tael, equivalent to 66,5 - 68,6 million dong per kg. Ancarat traded silver bars around 2,55 - 2,62 million dong, while DOJI's prices were 2,50 - 2,59 million dong.

Trong Hieu