Gold price this afternoon March 10, 2025: Domestic gold price increased to a new record

Domestic gold price this afternoon March 10, 2025

As of 3:30 p.m. this afternoon, March 10, 2025, domestic gold prices increased simultaneously in both buying and selling directions, specifically:

At Saigon Jewelry Company (SJC), the price of gold bars was listed at 91.1 million VND/tael (buy) and 93.1 million VND/tael (sell). The price of gold this afternoon increased by 200 thousand VND/tael in both buying and selling directions compared to the end of yesterday's trading session.

DOJI system listed SJC gold at buying price of 91.1 million VND/tael and selling price of 93.1 million VND/tael. This price increased by 200 thousand VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the buying price of SJC gold is 92.4 million VND/tael and the selling price is 93.2 million VND/tael. Thus, compared to yesterday's session, the gold price increased sharply by 400 thousand VND/tael in buying price - increased by 200 thousand VND/tael in selling price.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 91.1 million VND/tael (buy) and 93.1 million VND/tael (sell). This price increased by 200 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, March 10, 2025 is as follows:

	Today (March 10, 2025)		Yesterday (March 9, 2025)
	Purchase price	Selling price	Purchase price	Selling price
SJC	91,100200	93,100200	90,900	92,900
DOJI Hanoi	91,100200	93,100200	90,900	92,900
DOJI SG	91,100200	93,100200	90,900	92,900
BTMC SJC	91,100200	93,100200	90,900	92,900
Phu Quy SJC	91,100200	93,100200	90,900	92,900
PNJ HCMC	91,800100	93,350150	91,700	93,200
PNJ Hanoi	91,800100	93,350150	91,700	93,200

The current buying price of SJC 9999 gold rings is 91.1 million VND/tael and the selling price is 93 million VND/tael. The price of gold rings increased by 200 thousand VND/tael in both buying and selling directions compared to the end of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price increased to 91.9 million VND/tael and the selling price increased to 93.4 million VND/tael, an increase of 300 thousand VND/tael in buying price - an increase of 200 thousand VND/tael in selling price compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 91.9-93.5 million VND/tael (buy - sell); increased 200 thousand VND/tael for both buying and selling.

World gold price this afternoon March 10, 2025

As of 3:30 p.m. this afternoon, March 10, the world gold price was listed at 2,900.54 USD/ounce, down 10.87 USD/ounce compared to the beginning of the previous trading session.

Gold prices fell slightly in the trading session on Monday, although there was no strong selling pressure in the past week. The US dollar (USD) attracted some buying flows at the beginning of the week and rose slightly from its lowest level since November, which was boosted by weak US employment data. This was considered the main factor putting slight downward pressure on gold prices.

However, the perception that the US Federal Reserve (Fed) will cut interest rates several times this year has caused US Treasury bond yields to fall, which could limit the strong rally of the USD.

Investors are now expecting the Fed to cut interest rates three times, each by 25 basis points, by the end of the year. This has pushed down US Treasury yields and put pressure on the USD. Despite the supportive factors, gold - a non-yielding asset - is still struggling to attract strong buyers, requiring caution from buyers.

In addition, concerns about the negative economic impact of US President Donald Trump's tariff measures could also support gold prices - a safe haven asset. Therefore, investors should be cautious before expecting gold prices to fall further.

Uncertainty surrounding President Trump’s trade policies continued to worry investors and fueled a rally in gold prices earlier in the week. In addition, many are concerned that Trump’s protectionist tariffs could slow US economic growth and force the Fed to cut interest rates again in June.

In fact, President Trump took another U-turn on tariff policy, saying that upcoming tariffs on Canada could be announced as early as Monday or Tuesday. This comes after the Trump administration temporarily exempted goods from the 25% tariff on goods from Canada and Mexico that comply with the U.S.-Mexico-Canada Agreement for a month.

Gold price forecast

Technically, gold is showing resilience below $2,900. Technical indicators on the daily chart, while losing momentum, remain in positive territory. However, the continued failure of gold to break above the $2,925-$2,930 supply zone means investors should wait for a stronger buy signal before placing bullish bets. If it does, XAU/USD could head towards its record high of around $2,956 set on February 24.

Conversely, if gold prices fall below the horizontal support zone of $2,900-$2,895, this could trigger some technical selling and drag the price down to the $2,860-$2,858 zone. The decline could continue to extend to the February 28 low around $2,833-$2,832 before XAU/USD hits the round-figure $2,800 mark.

Although the US economy is expected to weaken in the first quarter of the year, he hopes the economy will avoid a technical recession, according to Paul Ashworth, chief North America economist at Capital Economics.

“I don’t expect the US economy to go into recession,” he said. “But stranger things have happened, and aside from concerns about tariffs, we have yet to see the impact of Elon Musk’s DOGE efforts.”

In the short term, many analysts remain bullish on gold and see any dip as a buying opportunity. Naeem Aslam, chief investment officer at Zaye Capital Markets, predicts a 20-25% chance of a recession this year due to persistent inflation and potential mistakes by the Fed.

In this context, gold prices have the strength to surpass the $3,000/ounce mark, with a 28% increase compared to 2024 and strong demand from central banks.