Gold price this afternoon March 11, 2025: World and domestic gold prices fluctuate

Domestic gold price this afternoon March 11, 2025

As of 3:30 p.m. this afternoon, March 11, 2025, domestic gold prices decreased simultaneously in both buying and selling directions, specifically:

At Saigon Jewelry Company (SJC), the price of gold bars was listed at 90.8 million VND/tael (buy) and 92.8 million VND/tael (sell). This afternoon's gold price decreased by 100,000 VND/tael in both buying and selling directions compared to the closing price of yesterday's trading session.

DOJI system listed SJC gold at buying price of 90.8 million VND/tael and selling price of 92.8 million VND/tael. This price decreased by 100 thousand VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the buying price of SJC gold is 92.3 million VND/tael and the selling price is 93 million VND/tael. Thus, compared to yesterday's session, the gold price increased sharply by 200 thousand VND/tael in buying price - decreased by 200 thousand VND/tael in selling price.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 90.8 million VND/tael (buy) and 92.8 million VND/tael (sell). This price decreased by 100 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, March 11, 2025 is as follows:

	Today (March 11, 2025)		Yesterday (March 10, 2025)
	Purchase price	Selling price	Purchase price	Selling price
SJC	90,800100	92,800100	90,900	92,900
DOJI Hanoi	90,800100	92,800100	90,900	92,900
DOJI SG	90,800100	92,800100	90,900	92,900
BTMC SJC	90,800100	92,800100	90,900	92,900
Phu Quy SJC	91,000100	92,800300	91,100	93,100
PNJ HCMC	90,800100	93,30050	91,800	93,350
PNJ Hanoi	90,800100	93,30050	91,800	93,350

The current buying price of SJC 9999 gold rings is 90.8 million VND/tael and the selling price is 92.7 million VND/tael. The price of gold rings decreased by 100 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 is at 91.9 million VND/tael and the selling price has decreased to 93.3 million VND/tael, the price remains unchanged in the buying direction - decreased by 100 thousand VND/tael in the selling direction compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 91.9-93.4 million VND/tael (buy - sell); the price remained unchanged for buying - decreased by 100 thousand VND/tael for selling.

World gold price this afternoon March 11, 2025

As of 3:30 p.m. this afternoon, March 11, the world gold price was listed at 2,908.97 USD/ounce, a slight increase of 8.43 USD/ounce compared to the beginning of the previous trading session.

Gold prices rose slightly on Friday as the US dollar and Treasury yields weakened. Investors are awaiting inflation data to assess the direction of policy from the Federal Reserve (Fed), amid escalating trade tensions and concerns about an economic recession.

The US dollar is now at a four-month low, making gold cheaper for foreign investors. At the same time, the yield on the US 10-year Treasury bond also fell.

The dollar and falling bond yields are supporting gold prices slightly higher, according to Ilya Spivak, global analyst at Tastylive. He said the uptrend in gold remains intact and there is a high probability that prices will continue to rise. Gold has been trading between $2,830 and $2,960 for the past four weeks. The market needs a strong move above these levels to determine the long-term trend.

Trade tensions are also affecting markets. US President Donald Trump, in an interview with Fox News on Sunday, did not predict whether the tariffs he imposed would lead to a US recession. This caused global stock markets to fall.

Last week, Mr. Trump imposed a 25% tariff on imports from Mexico and Canada, along with new tariffs on Chinese goods. However, many Mexican and Canadian goods were later exempted from the tariffs for a month, causing market turmoil and raising concerns about inflation and slowing growth in the United States.

Investors are now looking ahead to US Consumer Price Index (CPI) data due on Wednesday to gauge the Fed's next move on interest rates. Gold is often seen as a hedge against political and inflation risks. However, if rising inflation forces the Fed to keep interest rates high, gold could lose its appeal as a non-yielding asset.

Silver also rose 0.3% to $32.19 an ounce, while platinum remained unchanged at $957.89. Palladium, on the other hand, fell slightly by 0.3% to $940.47.

Gold price forecast

Gold prices are currently hovering around $2,900 an ounce, but experts say the precious metal still has a lot of potential to increase in price in the near future. The main reason is the increasing demand from investors, especially in the context of a volatile stock market and inflation being a major concern.

Rich Checkan, president and CEO of Asset Strategies International, said concerns about the stock market and inflation will continue to push gold prices higher.

Sharing this view, Alex Kuptsikevich, senior market analyst at FxPro, commented that since the beginning of March, gold prices have been on an upward trend and have regularly surpassed the $2,900/ounce mark. He also emphasized that US President Donald Trump's tariff policies and the risk of trade war are still the main factors supporting the increase in gold prices.

Kyle Rodda, financial markets analyst at Capital.com, also said that the risk of a slowdown in economic growth is increasing, along with the uncertainty of US foreign policy. This has boosted the demand for gold as a safe haven. He predicted that the $3,000 an ounce level could soon be breached, possibly in the next few months.

Technically, April gold futures have the near-term advantage. Bulls are targeting a break above $2,974.00 an ounce, the contract’s all-time high, while bears are focused on key support at $2,844.10 an ounce, last week’s low.

Currently, the nearest resistance levels for gold are at $2,926.4/ounce and $2,941.3/ounce. Conversely, the important support levels are identified at $2,900/ounce and $2,892.5/ounce.

In an interview with Kitco News, George Milling-Stanley, chief gold strategist at State Street Global Advisors (SSGA), maintained his gold price forecast for 2025. He said there is a 50% chance that gold prices will fluctuate between $2,600 and $2,900 an ounce, and a 30% chance that prices could reach $3,100 an ounce. “We have so much uncertainty in the market, and the only thing I can say for sure is that gold always benefits from that uncertainty,” he stressed.