The 24K Gold Price in Vietnam today

Gold has long held a special place in Vietnamese culture and economy, symbolizing wealth, stability, and tradition. Among the various forms of gold available, 24K gold—known for its 99.9% purity—stands out as the most coveted and valuable.

As of March 28, 2025, the price of 24K gold in Vietnam reflects both global market trends and local economic dynamics, making it a topic of keen interest for investors, jewelers, and everyday consumers alike.

What Is 24K Gold?

Before delving into prices, it’s worth clarifying what 24K gold represents. The “K” in 24K stands for karat, a measure of gold purity.

Pure gold is 24 karats, meaning it contains no alloys or other metals—99.9% or higher in purity. This distinguishes it from lower karat golds like 22K (91.6% pure) or 18K (75% pure), which are mixed with metals like copper or silver for durability in jewelry.

In Vietnam, 24K gold is often sold as bullion bars, coins, or high-purity jewelry, prized for its investment value and cultural significance.

Current 24K Gold Price in Vietnam

As of March 28, 2025, the price of 24K gold in Vietnam fluctuates daily based on global spot prices, exchange rates, and local demand. On this date, the spot price of gold globally is approximately $3,056.43 per troy ounce, according to recent market analyses.

Converted to Vietnamese Dong (VND) using an exchange rate of around 25,426 VND per USD (a typical rate as of early 2025), this translates to roughly 77,652,000 VND per ounce.

Since one troy ounce equals 31.1035 grams, the price per gram of 24K gold is approximately 2,497,000 VND.

However, retail prices in Vietnam often exceed the spot price due to additional costs like import duties, refining, and jeweler premiums.

For instance, Saigon Jewelry Company (SJC), a leading gold retailer, quotes 24K gold bars at around 98,000,000 VND per tael (37.5 grams) as of late March 2025, per local reports.

This equates to about 2,613,000 VND per gram—higher than the spot-derived price, reflecting a premium of roughly 116,000 VND per gram. Gold rings or jewelry-grade 24K gold may carry even higher making charges, often adding 5-15% to the base price.

Here’s a table summarizing the current 24K gold price in Vietnam as of March 28, 2025:

Note: Spot prices are calculated from a global price of $3,056.43/oz and an exchange rate of 25,426 VND/USD. Retail prices are based on SJC quotes and may vary by vendor.

Factors Influencing 24K Gold Prices in Vietnam

Several factors shape the price of 24K gold in Vietnam, blending global trends with local nuances:

• Global Gold Market: The international spot price, driven by supply and demand, geopolitical tensions, and U.S. monetary policy, sets the baseline. As of March 2025, gold has hit record highs above $3,000 per ounce, fueled by economic uncertainty and inflation fears.

• Exchange Rate Fluctuations: Vietnam’s currency, the Dong, is managed by the State Bank of Vietnam. A weakening VND against the USD increases gold prices in local terms. In early 2025, the exchange rate hovers near 25,426 VND/USD, up from 24,000 VND/USD a year ago, amplifying gold costs.

• Local Demand: Gold is a cultural staple in Vietnam, used in weddings, investments, and as a hedge against inflation. High demand, especially during festive seasons like Tet, pushes retail prices above global benchmarks. In March 2025, stockpiling ahead of economic uncertainty has widened the gap between domestic and world prices to over 3 million VND per tael.

• Government Policies: Vietnam tightly regulates gold imports and trading. The State Bank limits supply to stabilize the market, often leading to premiums. SJC gold, the official standard, commands higher prices than generic 24K bars due to its guaranteed quality.

• Making Charges: For jewelry or custom pieces, labor and design costs add 5-15% to the base price. A 24K gold ring might cost 2,750,000 VND per gram with a 10% making charge, compared to 2,613,000 VND for a plain bar.

Historical Trends in Vietnam’s 24K Gold Market

The price of 24K gold in Vietnam has seen significant growth over the past decade, reflecting both global rallies and local economic shifts.

In 2015, gold averaged around 35,000,000 VND per tael, with an exchange rate of 22,000 VND/USD and a global price of $1,160 per ounce. By 2020, it climbed to 56,000,000 VND per tael as gold hit $1,900 globally amid pandemic uncertainty.

Fast forward to March 2025, and the price has nearly doubled from 2020, reaching 98,000,000 VND per tael.

This upward trajectory isn’t linear. In 2024, prices dipped to a low of 54,000,046 VND per ounce (about 1,736,000 VND per gram) in March before surging to a peak of 77,886,667 VND per ounce (2,504,000 VND per gram) by mid-March 2025.

The 43% annual increase reflects global bullishness and a weakening Dong, which hit 26,000 VND/USD at its peak in early 2025.

Why 24K Gold Matters in Vietnam

Gold, especially 24K, holds unique significance in Vietnam beyond its financial value. Culturally, it’s a traditional gift at weddings and a symbol of prosperity.

Economically, it’s a trusted store of value in a country with a history of currency instability. Unlike stocks or real estate, gold’s tangibility and universal appeal make it a go-to asset for hedging against inflation, which has hovered around 4-5% annually in recent years.

For investors, 24K gold bars or coins offer a pure investment vehicle. SJC bars, minted at 999.9 fineness, are particularly popular, often resold at minimal loss due to their standardized quality.

Jewelry, while also 24K in many cases, serves dual purposes—adornment and investment—though its resale value may drop due to craftsmanship costs.