Gold price today March 12, 2025: World gold price and domestic gold price increased to a new record

Domestic gold price today March 12, 2025

At the time of survey at 4:30 a.m. on March 12, 2025, the gold price on the trading floors of some companies was as follows:

The price of 9999 gold today is listed by DOJI at 91 million VND/tael for buying and 93 million VND/tael for selling. Today's gold price increased by 100 thousand VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 92.5-93.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 400 thousand VND/tael for buying and 300 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 91-92.8 million VND/tael (buying - selling, increasing 100 thousand VND/tael in buying - decreasing 100 thousand VND/tael in selling compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 91-92.8 million VND/tael (buy - sell), gold price decreased 100 thousand VND/tael in buying - decreased 300 thousand VND/tael in selling compared to yesterday.

The difference between buying and selling prices at SJC, DOJI, and PNJ stores is 2 million VND/tael. Except for the difference between buying and selling prices at Mi Hong, which is only 1 million VND/tael, at Bao Tin Minh Chau and Phu Quy, it is 1.8 million VND/tael.

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

World gold price today March 12, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 am today, Vietnam time, was 2,914.91 USD/ounce. Today's gold price increased by 8.17 USD compared to yesterday. Converted according to the USD exchange rate, on the free market (25,830 VND/USD), the world gold price is about 91.77 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.23 million VND/tael higher than the international gold price.

Gold prices rose slightly on Friday, helped by a weaker US dollar and concerns about a recession due to the tariff war. Meanwhile, investors are awaiting important inflation data that could shed light on the direction of US monetary policy.

The US dollar fell to its lowest level since early November. As the dollar weakens, gold becomes cheaper for holders of other currencies.

Vawda, market analyst at MarketPulse at OANDA, said: 'Gold prices are likely to remain supported amid market uncertainty, which is boosting demand for this safe-haven asset. However, any positive developments in the Russia-Ukraine talks could reduce risk premiums.'

US President Donald Trump’s tariffs on major trading partners have caused major volatility in global markets and raised concerns about economic growth. Gold is often seen as a hedge against uncertainty and tends to appreciate in low-interest-rate environments because it is a non-yielding asset.

Markets are also looking ahead to the U.S. consumer price index (CPI) on Wednesday and producer price index (PPI) on Thursday. The February CPI is expected to rise 0.3%, according to a Reuters poll. Vawda added that unless the data deviates significantly from expectations, the impact on gold prices could be short-lived.

Traders are now expecting the Federal Reserve to cut interest rates in June. Commerzbank said: 'Gold prices are already at very high levels due to the strong gains since the start of the year, which limits further upside potential.'

Besides gold, spot silver also rose 1.3% to $32.53. Platinum rose 1.7% to $973.44, while palladium rose 0.2% to $944.70. Bank of America said that lingering concerns about the trade dispute could keep the platinum group (PGMs) stuck in the US longer.

Gold price forecast

Mr. Milling-Stanley, chief strategist at State Street Global Advisors (SSGA), forecasts a 50% chance of gold prices fluctuating between $2,600 and $2,900 an ounce in 2025 and a 30% chance of hitting $3,100 an ounce. He emphasized that global instability has always been a factor that drives gold prices up sharply.

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, and President Trump's trade policies are seen as a factor driving this trend.

Despite the possibility of short-term corrections, many experts remain optimistic about gold's upward momentum in the medium to long term. 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 monitor the sentiment of the US stock market. If US stocks continue to weaken, this could impact global financial leverage and affect gold prices.

According to gold expert Tran Duy Phuong, investors should not buy physical gold at this time. It is predicted that the gold price may adjust sharply below 2,800 USD/ounce, or even drop to 2,727 USD/ounce. He recommends waiting until the end of March or when the gold price declines further before considering buying.