Gold price today March 11: World gold price and domestic gold price decreased simultaneously

Domestic gold prices increase sharply

As of 10:00 this morning, domestic gold prices decreased by 100,000 VND/tael compared to early this morning.

Specifically, at SJC Company, the price of gold bars is currently listed at 90.8 - 92.8 million VND/tael (buy - sell), down 100 thousand VND/tael in both buying and selling directions compared to the previous session. DOJI Group also recorded a price of 90.8 - 92.8 million VND/tael, down 100 thousand VND/tael compared to the closing price yesterday.

At Bao Tin Minh Chau, the price of SJC gold bars is also listed at 90.8 - 92.8 million VND/tael, a decrease of 100,000 VND/tael in both buying and selling directions compared to the closing price yesterday.

The price of 9999 round gold rings also decreased across the board today. At DOJI, Hung Thinh Vuong gold rings were listed at 91.8 - 93.3 million VND/tael, a decrease of 100 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 91.9-93.4 million VND/tael (buy - sell); unchanged in buying price, down 100 thousand VND/tael in selling price. The difference in buying - selling price at DOJI was 1.5 million VND/tael, while at Bao Tin Minh Chau it decreased to 1.5 million VND/tael.

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

World gold price today 3/11/2025

On the international market, as of 10:00 a.m., the world gold price was listed at 2,897.26 USD/ounce, down 13.43 USD/ounce compared to the beginning of the previous trading session.

The world gold price has recently been on a downward trend, although the USD is also weakening. As of 9:00 a.m. on March 11, the US Dollar Index (DXY), which measures the strength of the USD against 6 major currencies, fell 0.23% to 103.717 points. This shows that the USD is losing value, but the gold price is not increasing as usual.

According to some experts, although the current gold price is decreasing, the potential for price increase in the future is still very large. The reason is that the demand for investment in gold is increasingly strong, especially from individual and institutional investors.

George Milling-Stanley, chief gold strategist at State Street Global Advisors (SSGA), said market sentiment is changing rapidly. Investors are recognizing gold's potential as a safe haven, especially amid economic and geopolitical uncertainty.

February was a big month for the gold market, with North American gold ETFs attracting a huge amount of investment. According to the World Gold Council, these ETFs attracted a net inflow of 72.2 tonnes of gold, equivalent to $6.8 billion. This was the highest inflow since July 2020 and also the strongest February ever.

One of the world’s largest gold ETFs, SPDR Gold Shares (GLD), has seen a significant increase in its gold holdings. On February 21 alone, the fund bought more than 20 tons of gold, the largest one-day increase in more than three years. Since the beginning of the year, GLD has added nearly 22 tons of gold, equivalent to about $1.9 billion. However, GLD’s gold holdings are still 30% lower than the peak of the previous bull run in October 2020, suggesting that there is still a lot of potential for investment demand for gold to continue to increase.

Experts predict that investment demand for gold will continue to increase in the coming time, thanks to three main factors: economic instability, inflation and complex geopolitical situation.

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

Since early March, gold prices have shown signs of recovery, regularly surpassing the $2,900/ounce mark. According to Alex Kuptsikevich, senior market analyst at FxPro, former US President Donald Trump’s tariff policies and the risk of a trade war remain the main factors supporting gold prices. These uncertainties have led many investors to seek gold as a safe haven.

Gold Price Forecast

Chantelle Schieven, head of research at Capitalight Research, predicts that gold prices could reach $3,200 an ounce in the future. She stressed that central bank demand for gold will continue to support gold prices.

In addition, uncertainties in US trade policy have also caused many banks to seek to reduce their dependence on the USD, thereby boosting demand for gold.

Meanwhile, Peter Fertig, a quantitative commodities analyst, said that the US dollar is rising and this could put pressure on gold prices. He predicted that gold prices could undergo a correction below $2,900/ounce in the near future. This shows that the gold market is still in a state of volatility and is affected by many different factors.

Other analysts also agree that while gold prices may face some short-term corrections, in the medium and long term, gold prices will continue to rise.

Frank Watson, a market analyst at Kinesis Money, said that the fact that the world gold price is above $2,900/ounce shows that the market is concerned about the global economic situation and increasing geopolitical risks. This reflects the instability in the current investment environment, making gold an attractive asset to protect value.

Kelvin Wong, an expert at Oanda, said that the current important support level for gold is $2,716/ounce. If gold prices break above $2,950/ounce, it could open the way to $3,180/ounce.

Kyle Rodda, financial markets analyst at Capital.com, agreed, saying that uncertainty over U.S. foreign policy and risks to economic growth are increasing the appeal of gold.

Rodda predicts that gold prices could soon surpass the $3,000/ounce mark, possibly within the next few months. This shows strong confidence in the upside potential of gold in the current environment.