Gold price this afternoon March 12, 2025: World and domestic gold prices increased sharply, exceeding 94 million VND

Domestic gold price this afternoon March 12, 2025

As of 3:30 p.m. this afternoon, March 12, 2025, domestic gold prices jumped to new highs in both buying and selling directions, specifically:

At Saigon Jewelry Company (SJC), the price of gold bars is listed at 91.8 million VND/tael (buy) and 93.5 million VND/tael (sell). This afternoon's gold price increased by 800 thousand VND/tael in the buying direction - increased by 500 thousand VND/tael in the selling direction compared to the end of yesterday's trading session.

DOJI system listed SJC gold at buying price of 91.8 million VND/tael and selling price of 93.5 million VND/tael. This price increased by 800 thousand VND/tael for buying and 500 thousand VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the buying price of SJC gold is 92.7 million VND/tael and the selling price is 93.7 million VND/tael. Thus, compared to yesterday's session, the gold price increased sharply by 200 thousand VND/tael in both buying and selling directions.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 92 million VND/tael (buy) and 93.5 million VND/tael (sell). This price increased by 1 million VND/tael for buying and 700 thousand VND/tael for selling compared to yesterday.

The latest gold price list today, March 12, 2025 is as follows:

	Today (March 12, 2025)		Yesterday (March 11, 2025)
	Purchase price	Selling price	Purchase price	Selling price
SJC	91,800800	93,500500	91,000	93,000
DOJI HN	91,800800	93,500500	91,000	93,000
DOJI SG	91,800800	93,500500	91,000	93,000
BTMC SJC	92,0001000	93,500700	91,000	92,800
Phu Quy SJC	92,0001000	93,500700	91,000	92,800
PNJ HCMC	92,300300	93,900500	92,000	93,400
PNJ Hanoi	92,300300	93,900500	92,000	93,400

The current buying price of SJC 9999 gold rings is 91.8 million VND/tael and the selling price is 93.4 million VND/tael. The buying price of gold rings increased by 800 thousand VND/tael - increased by 500 thousand VND/tael compared to the end of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price is 92.5 million VND/tael and the selling price has decreased to 94 million VND/tael, the price increased by 400 thousand VND/tael for buying - increased by 500 thousand VND/tael for selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 92.55-94.1 million VND/tael (buy - sell); the price increased by 550 thousand VND/tael for buying - increased by 600 thousand VND/tael for selling.

World gold price this afternoon March 12, 2025

As of 3:30 p.m. this afternoon, March 12, the world gold price was listed at 2,917.31 USD/ounce, a slight increase of 10.36 USD/ounce compared to the beginning of the previous trading session.

Domestic gold prices have increased sharply as world gold prices have increased significantly compared to the previous trading session. The main reason for this increase is the sharp decline of the US dollar, to its lowest level since the end of last year, making gold more attractive to investors.

In addition, the US announcement of imposing additional trade tariffs on Canada has made many people worry about the negative impact on the US economy, even the risk of recession. This has led to investors selling stocks, causing the US stock market to sink into the red. In this context, money has shifted to gold as a safe investment channel.

According to Jim Wyckoff, senior analyst at Kitco, gold and silver prices have risen sharply due to increased demand for safe-haven assets. The main reason is the fear of a US economic recession and a major sell-off in the stock market. He emphasized that in times of uncertainty, gold is always the top choice for investors.

Analyst James Hyerczyk of FX Empire agreed. Gold prices rose overnight as trade tensions fueled safe-haven demand. The dollar fell to a four-month low, making gold more attractive to foreign buyers.

Currently, the market is focusing on the upcoming US inflation data, as this is an important factor that can affect the Federal Reserve's (FED) policy and the future outlook for gold prices.

Hyerczyk also pointed out that market sentiment remains cautious due to the constant changes in US trade policy. President Donald Trump has repeatedly changed his stance on tariffs, from imposing and then delaying tariffs on Canada and Mexico to increasing tariffs on Chinese goods. These moves have caused major disruptions in global markets. China and Canada have also retaliated with their own tariffs, adding to economic uncertainty.

In addition, President Trump also mentioned the possibility of the US economy falling into recession, which further worried investors. Treasury Secretary Scott Bessent described the current period as a "detoxification" process due to government spending cuts.

Some other analysts also question the risk of recession. In this context, gold continues to be considered a safe investment channel, helping investors avoid strong fluctuations in the market.

U.S. inflation data will be closely watched this week, with Wednesday's consumer price index (CPI) report expected to show signs of cooling.

If the CPI comes in lower than expected, expectations of a Fed easing could increase, supporting demand for gold. Conversely, if the figure comes in higher than expected, there could be downward pressure on gold prices. In addition, producer price index (PPI) data due on Thursday will also provide more information on inflation trends in the coming period.

Meanwhile, spot silver fell 0.7% to $32.70 an ounce. Platinum rose 0.7% to $981.29 an ounce, while palladium fell 0.8% to $938.00 an ounce.

Gold Price Forecast

Technical analysis also shows that gold prices are trending up in the short term. The next target is to conquer the level of 2,974 USD/ounce in April.

However, for now, gold needs to clear this week's high of $2,926 an ounce and last week's high of $2,941 an ounce.

Many leading financial institutions predict that gold prices will continue to rise. John Ciampaglia, CEO of Sprott Asset Management, said that uncertainties surrounding Mr. Trump's tax policies and changes in global monetary policies are creating both risks and opportunities in the metal market.

He also highlighted growing interest in physical gold, particularly from central bank buying and the return of Western investors.

Gold is reasserting its status as a monetary metal, Ciampaglia said, with Western investors recently pouring money into gold ETFs after a period of indifference. He also believes that gold prices will continue to rise strongly, especially amid concerns about the risk of a US economic recession.

Chantelle Schieven, an expert from Capitalight Research, gave a more optimistic forecast, with prices possibly reaching $3,200/ounce.

She said central banks continue to buy gold to diversify their foreign exchange reserves and reduce their dependence on the US dollar. President Trump’s trade policies in particular are believed to be a factor driving this trend.

Despite the possibility of short-term corrections, many experts remain optimistic about gold's medium- to long-term upward momentum. Kelvin Wong, an expert at Oanda, predicts the upward trend will continue, with the current important support level at $2,716/ounce.

Some other analysts believe that if gold prices surpass $2,950 an ounce, it could continue to rise to $3,180 an ounce.

Gold investors need to keep an eye on the sentiment in the US stock market. If US stocks continue to weaken, this could impact global financial leverage and affect gold prices.