Gold price today March 10: Domestic gold rises back to record peak

Domestic gold prices increase sharply

As of 10:00 this morning, the domestic gold price increased by nearly half a million VND/tael early this morning. Specifically, SJC gold bars reached 93.1 million VND/tael, the third time reaching this peak.

At SJC Company, the price of gold bars is currently listed at 91.1 - 93.1 million VND/tael (buy - sell), an increase of 200 thousand VND/tael in both buying and selling directions compared to the previous session. DOJI Group also recorded a price of 91.1 - 93.1 million VND/tael, an increase of 200 thousand VND/tael compared to the closing price yesterday.

At Bao Tin Minh Chau, the price of SJC gold bars is also listed at 91.1 - 93.1 million VND/tael, an increase of 200,000 VND/tael in both buying and selling directions compared to yesterday's closing price.

The price of 9999 round gold rings also increased to its peak today. At DOJI, Hung Thinh Vuong gold rings were listed at 91.8 - 93.4 million VND/tael, an increase of 200 thousand VND/tael in both buying and selling prices compared to yesterday's closing price.

Bao Tin Minh Chau listed the price of gold rings at 91.9-93.5 million VND/tael (buy - sell); increased by 200 thousand VND/tael for both buying and selling. The difference between buying and selling prices at DOJI was 1.6 million VND/tael, while at Bao Tin Minh Chau it increased to 1.6 million VND/tael.

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

World gold price today 3/10/2025

On the international market, as of 10:00 a.m., the world gold price was listed at 2,915.5 USD/ounce, up 6 USD/ounce compared to the beginning of the previous trading session.

World gold prices are on the rise amid a weakening USD. At 8:45 a.m. on March 10, the US Dollar Index - measuring the USD's fluctuations against six major currencies - decreased by 0.17% to 103.632 points.

The gold market has recovered from last week's sharp sell-off, but analysts warn that prices remain in a state of disorientation. Prices remain at key short-term support levels for now, but there is no clear sign of where the next trend will be.

Global uncertainty continues to support the precious metal. US President Donald Trump’s volatile tariff policies and the global trade war are creating market concerns, boosting demand for gold as a safe-haven asset.

Market sentiment this week has seen a marked change from last week, especially among Wall Street experts. Previously, only 21% of experts predicted gold prices to rise, while 64% believed prices would fall. However, this week, the percentage of experts expecting gold prices to rise jumped to 67%, while only 5% predicted prices would fall.

This shift was also seen among Main Street investors. The percentage of investors expecting gold prices to rise rose from 45% to 67%, while those expecting prices to fall fell from 28% to 18%. Notably, the number of respondents this week reached 251, the highest level in 2025, indicating growing interest in the gold market.

Kitco expert Jim Wyckoff said that gold prices will continue to rise due to geopolitical uncertainties. He emphasized that the upward trend of gold prices remains stable, thanks to positive technical indicators and increasing global tensions, especially the influence of the administration of US President Donald Trump.

This week, the market will focus on important US economic data, including the JOLTS employment report, CPI, PPI, weekly jobless claims and the preliminary survey of consumer sentiment from the University of Michigan. In addition, the Bank of Canada's monetary policy decision is also a factor that investors are interested in.

Gold Price Forecast

According to Chantelle Schieven, Head of Research at Capitalight Research, demand for gold from central banks will continue to support prices. Gold prices are forecast to reach $3,200/ounce in the near future. She also believes that President Trump's inconsistent trade policies could cause many central banks to reduce their dependence on the USD, contributing to higher gold prices.

Adam Button, head of currency strategy at Forexlive.com, is neutral on gold in the short term but remains bullish on the long-term outlook. He believes that political factors are having a stronger impact on gold prices than the policy of the US Federal Reserve (FED).

Button stressed that the uncertainty of the Trump administration is affecting gold prices more than any other factor. He believes that 95% of the gold price increase is due to political factors and the impact of Trump, while the Fed only contributes about 5%.

While the US economy may contract in the first quarter, it is likely to avoid a technical recession, said Paul Ashworth of Capital Economics. He does not expect the US economy to fall into recession, but the impact of the Trump administration's economic policies remains an unknown.

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

He also noted that consumer sentiment is uncertain, while risk factors such as Trump’s tariff policies could change the market landscape. In this context, gold prices are likely to surpass $3,000 an ounce, with a 28% increase over 2024, thanks to strong demand from central banks.

Technically, gold is currently trading between the support zone of $2,890/ounce and the resistance zone of $2,930/ounce. If the price breaks above $2,930/ounce, it could continue to rise to $2,950/ounce and head towards the psychological level of $3,000/ounce. Conversely, if the price falls below $2,890/ounce, gold could retreat to $2,860/ounce and further to $2,835/ounce.