How much profit have gold buyers made since the beginning of the year?

Gold price hits record, buyers from the beginning of the year benefit

On March 20, the domestic gold price officially surpassed 100 million VND/tael, marking a historic milestone. Those who bought gold since the beginning of 2025 are reaping significant profits.

According to records from gold businesses such as SJC, PNJ and DOJI, the price of SJC gold bars on the morning of March 20 fluctuated around 98.4 - 100.4 million VND/tael. Some gold shops such as Mi Hong listed the selling price at 100 million VND/tael.

Compared to January 1, 2025, when SJC gold bars were sold at VND84.2 million/tael, the current increase has reached VND16.2 million/tael in less than three months.

If a person bought gold at the beginning of the year at VND84.2 million/tael and sold it on March 20 at VND98.4 million/tael, they would earn a profit of VND14.2 million/tael. For a person who bought 10 taels of gold, the total profit could be up to VND142 million.

Those who bought gold on God of Wealth Day (February 7, 2025), when the price fluctuated from VND86.5 - 90 million/tael, are currently making a profit of VND8.4 million/tael. Statistics in recent years show that most people who bought gold on God of Wealth Day made a profit after holding it for a year.

Why is the price of gold increasing so much?

Experts say the soaring gold price is due to the impact from both domestic and international markets. In the world, the gold price is currently trading around 3,035 USD/ounce.

Associate Professor Dr. Ngo Tri Long, an economic expert, said that this sharp increase in prices was mainly due to the need for safe havens amid global tariff, political and economic instability. The fact that the world gold price exceeded 3,000 USD/ounce further boosted the domestic gold price.

US President Donald Trump’s trade policies are also a factor. High tariffs on imports have raised fears of a global trade war, pushing investors to gold as a safe haven.

In the country, the demand for gold rings has increased sharply due to its flexibility and better storage capacity than gold bars. The quantity of gold rings on the market is not too abundant, causing the price to be pushed up. In addition, the difference between the buying and selling price of gold rings is less volatile, reducing transaction risks, so it is preferred by many investors.

Investors take profit or continue to hope?

Many investors are facing the choice of taking profits or continuing to hold in the expectation that gold prices will increase even higher.

Mr. Nguyen Van Hung, a long-time investor in Hanoi, shared:

"I bought 5 taels of SJC gold bars at the beginning of the year at 84.5 million VND/tael. Now I can sell them for 100 million VND/tael, making a profit of nearly 75 million VND. But I am still considering because many people predict that the price of gold will increase further."

Similarly, Ms. Lan Anh in Ho Chi Minh City is also wondering:

"I bought 3 taels of gold at the beginning of the year at 84.2 million VND/tael. Now I see the price has increased to 100 million VND, making a profit of nearly 47 million VND. I plan to sell some of it to make a profit."

Associate Professor Dr. Dinh Trong Thinh, senior lecturer at the Academy of Finance, warned that gold prices continuously hitting new peaks also mean great risks. Those who only want to surf in the short term may "chase the peak" if they do not have a suitable strategy.

He advised that the proportion of gold should not exceed 50% of the investment portfolio, ideally 10-20%, to avoid risks when prices reverse. In particular, one should not borrow money to buy gold or short sell, because if the market corrects slightly, the loss can be very large.

Expert Nguyen Quang Huy, from Nguyen Trai University, commented that the psychology of holding gold in Vietnam is still strong, not only due to tradition but also because of the global economic and political context.

The domestic gold market is also affected by falling bank deposit interest rates and the real estate market has not recovered, causing many investors to turn to gold. Some people expect gold prices to continue to increase when the world gold price could reach 3,100 USD/ounce in the second quarter of 2025.

However, Associate Professor Dr. Dinh Trong Thinh advises that if buying gold for investment, investors should wait for the world gold price to stabilize before investing. Following the FOMO (fear of missing out) mentality can cause many people to take great risks when the price turns around and falls.

Will gold prices continue to rise or correct?

Forecasting the gold price trend, some experts believe that gold may continue to increase, but there are also cautious opinions about the possibility of short-term adjustments.

The gold market could undergo a correction after a strong rally in the first quarter of 2025, according to Nicholas Frappell, market director at ABC Refinery. However, he also stressed that buying power remains strong and previous corrections have been short-lived.

On the other hand, some experts still believe in the scenario of gold prices continuing to reach new peaks. If world gold reaches the 3,100 USD/ounce mark, domestic gold prices may go even higher.

However, investors need to evaluate carefully before deciding. If gold is considered a long-term safe haven asset, it is still possible to consider buying. But if you only want to surf the short term, then taking profit at the current high price may be a safer choice.

For those who bought gold at the beginning of the year at 84.2 million VND/tael, this is the time to weigh up: sell to take profit or continue to hold gold and wait for the next "wave"?