Gold price today March 13, 2025: World gold price and domestic gold price increased to a new record

Domestic gold price today March 13, 2025

At the time of survey at 4:30 a.m. on March 13, 2025, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 91.8 million VND/tael for buying and 93.5 million VND/tael for selling. Today's gold price increased by 800 thousand VND/tael for buying - increased by 500 thousand VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 92.7-93.8 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 200 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 92-93.5 million VND/tael (buying - selling, up 1 million VND/tael in buying direction - up 700 thousand VND/tael in selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 92-93.5 million VND/tael (buy - sell), gold price increased by 1 million VND/tael in buying direction - increased by 700 thousand VND/tael in selling direction compared to yesterday.

The latest gold price list today, March 13, 2025 is as follows:

World gold price today March 13, 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 2,922.04 USD/ounce. Today's gold price increased by 8.4 USD compared to yesterday. Converted according to the USD exchange rate, on the free market (25,840 VND/USD), the world gold price is about 92.03 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.47 million VND/tael higher than the international gold price.

Gold prices remained on track to rise on tariff uncertainty and subdued inflation reports, helping to maintain expectations that the US Federal Reserve will continue to cut interest rates.

According to the latest data, the US consumer price index (CPI) rose 0.2% last month, down from a 0.5% increase in January. However, this improvement may be temporary, as the implementation of higher import tariffs is expected to push up prices of most commodities, including gold, in the coming months.

Tai Wong, an independent metals trader, said: 'Gold has been resilient but has been stuck in a range in recent weeks. Whether gold can move higher on this CPI report will be a key signal.' He also said that in the medium term, uncertainty will continue to support gold prices, so any sharp declines will be bought.

On trade policy, President Donald Trump's increase in tariffs on all steel and aluminum imports into the US took effect on Wednesday, stepping up his campaign to restructure global trade to support the US economy and immediately met with a response from Europe.

The Fed cut interest rates by 100 basis points last year. Financial markets are expecting the Fed to cut rates again in June, following a pause in January, due to the worsening economic outlook. Gold, a non-yielding asset, typically benefits in low-interest-rate environments and is seen as a safe-haven investment during times of economic and geopolitical uncertainty.

Investors now await further data on the US producer price index (PPI) and weekly jobless claims figures, due to be released on Thursday.

Meanwhile, spot silver prices also increased by 0.7% to $33.16/ounce. Meanwhile, platinum prices increased by 1.5% to $990.00, and palladium prices also increased by 0.7% to $952.23.

Gold Price Forecast

Gold prices are returning to an upward trend, in line with forecasts from many of the world's leading financial institutions. According to UBS, silver could outperform gold if manufacturing activity recovers slightly. However, the big risk remains a sharper decline in US economic growth.

Sprott Asset Management CEO John Ciampaglia said that uncertainties related to Donald Trump's potential tax policies and changes in global monetary policy are creating both opportunities and risks in the precious metals market.

He also stressed that physical gold demand is growing, especially from central banks. Many banks are not only buying more gold but are also shipping gold from the US and UK to their headquarters.

Gold is reasserting its status as a monetary metal, Ciampaglia said. Western investors, who were indifferent to gold in 2024, are now pouring money into gold ETFs, reflecting the market’s confidence in the long-term value of the precious metal.

Despite the doubts, Ciampaglia believes gold prices are still trending higher. Gold will also benefit from concerns about a possible US recession, especially since Mr. Trump has not denied the risk.

Colin Cieszynski, strategist at SIA Wealth Management, predicts that after recent corrections and consolidation, gold prices could soon hit $3,000 an ounce.

According to technical analysis, gold prices tend to increase in the short term. The next target is $2,974/ounce in April, but first, gold must overcome important resistance levels: $2,926/ounce (this week's high) and $2,941/ounce (last week's high).