Gold price today March 16, 2025: World and domestic gold prices increased the highest in the past 2 weeks
Gold price today March 16, 2025: World gold price increased to a record for the 13th time this month, causing domestic gold price to have the highest increase in the past 2 weeks with an increase of more than 3 million VND.
Domestic gold price today March 16, 2025
At the time of survey at 4:30 a.m. on March 16, 2025, domestic gold prices increased to an all-time high for both gold bars and gold rings:
The price of SJC gold bars listed by DOJI Group is at 94.3-95.8 million VND/tael (buy - sell), unchanged in both buying and selling directions.
At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 94.3-95.8 million VND/tael (buy - sell), unchanged in both buying and selling compared to yesterday.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 95-96 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 200 thousand VND/tael for buying - unchanged for selling compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 94.5 - 95.8 million VND/tael (buying - selling, increased 100 thousand VND/tael in buying direction - unchanged in selling direction compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 94.5 - 95.8 million VND/tael (buy - sell), gold price remains unchanged in both buying and selling directions compared to yesterday.
As of 4:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 94.9-96.3 million VND/tael (buy - sell); unchanged in both buying and selling directions.
Bao Tin Minh Chau listed the price of gold rings at 95-96.6 million VND/tael (buy - sell); increased 50 thousand VND/tael for buying and increased 100 thousand VND/tael for selling.
Closing the week at an all-time high, gold bars increased by more than 3 million VND per tael this week and increased by nearly 6 million VND in the first half of March.
The latest gold price list today, March 16, 2025 is as follows:
| Gold price today | March 16, 2025 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 94.3 | 95.8 | - | - |
| DOJI Group | 94.3 | 95.8 | - | - |
| Mi Hong | 95 | 96 | +200 | - |
| PNJ | 94.3 | 95.8 | - | - |
| Vietinbank Gold | 95.8 | - | ||
| Bao Tin Minh Chau | 94.5 | 95.8 | +100 | - |
| Phu Quy | 94.5 | 95.8 | - | - |
| 1.DOJI- Updated: 16/3/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 94,300 | 95,800 |
| AVPL/SJC HCM | 94,300 | 95,800 |
| AVPL/SJC DN | 94,300 | 95,800 |
| Raw material 9999 - HN | 94,900 | 95,400 |
| Raw materials 999 - HN | 94,800 | 95,300 |
| AVPL/SJC Can Tho | 94,300 | 95,800 |
| 2.PNJ- Updated: 16/3/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 94,500 | 96,200 |
| HCMC - SJC | 94,300 | 95,800 |
| Hanoi - PNJ | 94,500 | 96,200 |
| Hanoi - SJC | 94,300 | 95,800 |
| Da Nang - PNJ | 94,500 | 96,200 |
| Da Nang - SJC | 94,300 | 95,800 |
| Western Region - PNJ | 94,500 | 96,200 |
| Western Region - SJC | 94,300 | 95,800 |
| Jewelry gold price - PNJ | 94,500 | 96,200 |
| Jewelry gold price - SJC | 94,300 | 95,800 |
| Jewelry gold price - Southeast | PNJ | 94,500 |
| Jewelry gold price - SJC | 94,300 | 95,800 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 94,500 |
| Jewelry gold price - Jewelry gold 999.9 | 93,600 | 96,100 |
| Jewelry gold price - 999 jewelry gold | 93,500 | 96,000 |
| Jewelry gold price - 99 jewelry gold | 92,740 | 95,240 |
| Jewelry gold price - 916 gold (22K) | 85,630 | 88,130 |
| Jewelry gold price - 750 gold (18K) | 69,730 | 72,230 |
| Jewelry gold price - 680 gold (16.3K) | 63,000 | 65,500 |
| Jewelry gold price - 650 gold (15.6K) | 60,120 | 62,620 |
| Jewelry gold price - 610 gold (14.6K) | 56,270 | 58,770 |
| Jewelry gold price - 585 gold (14K) | 53,870 | 56,370 |
| Jewelry gold price - 416 gold (10K) | 37,630 | 40,130 |
| Jewelry gold price - 375 gold (9K) | 33,690 | 36,190 |
| Jewelry gold price - 333 gold (8K) | 29,360 | 31,860 |
| 3.SJC- Updated: 16/3/2025 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 94,300 | 95,800 |
| SJC 5c | 94,300 | 95,820 |
| SJC 2c, 1C, 5 phan | 94,300 | 95,830 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 94,200 | 95,700 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 94,300 | 95,800 |
| 99.99% Jewelry | 94,200 | 95,400 |
| 99% Jewelry | 91,455 | 94,455 |
| Jewelry 68% | 62,028 | 65,028 |
| Jewelry 41.7% | 36,935 | 39,935 |
World gold price today March 16, 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 2,987.95 USD/ounce. Today's gold price increased by 2.38 USD compared to yesterday. Converted according to the USD exchange rate, on the free market (25,820 VND/USD), the world gold price is about 94.03 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.77 million VND/tael higher than the international gold price.
Gold prices have been steadily rising and surpassed the psychologically important $3,000 an ounce mark for the first time on March 14, marking its 13th high in 2025, as geopolitical and economic uncertainties drove investors to the safe-haven asset. Gold prices have risen 14% so far this year, after a strong 27% increase in 2024.
Gold prices continue to rally on trade tensions and expectations of a rate cut by the US Federal Reserve. However, as gold prices break above $3,000 an ounce, short-term profit-taking could create temporary downward pressure, according to Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany.
The US administration’s tariff measures have played a key role in boosting investment demand for gold. The global trade war has not only shaken financial markets but also raised fears of an economic recession. In particular, the US’s threat to impose a 200% tariff on wine imports from Europe on Thursday has escalated trade tensions.
The world's largest gold ETF, SPDR Gold Trust, said its holdings reached 905.81 tonnes at the end of February, the highest since August 2023. Meanwhile, US consumer price index (CPI) data fell more than expected, creating more room for the Fed to cut interest rates.
The Fed's next policy meeting is scheduled for Wednesday, and the Federal Open Market Committee (FOMC) decision and Chairman Jerome Powell's remarks will be key in determining whether gold prices can stay above $3,000 an ounce.
Gold price forecast
Traders expect the Fed to cut interest rates again in June. ANZ analysts maintain an optimistic view, forecasting that gold prices could reach a record $3,050 an ounce in 2025.
Gold hit a new record high of $3,005 an ounce this week before encountering resistance and pulling back. Despite forming a shooting star candlestick pattern - a short-term bearish signal - the strong uptrend in gold remains intact.
Important support levels to watch include the $2,956 and $2,930 price areas. If gold breaks above $3,005, the uptrend is likely to continue with potential targets ranging from $3,012 to $3,043.
According to a Kitco News survey, 15 analysts participated in predicting gold prices next week. Of these, 60% (9 experts) predicted that gold prices will continue to rise, 20% (3 analysts) said that prices will fall, and the remaining 20% expected gold prices to remain stable.
Meanwhile, an online survey of 262 retail investors found that 67% expect gold prices to surpass $3,000, 18% expect prices to fall, and 15% expect prices to stabilize. Optimism remains dominant, reflecting confidence in gold’s continued growth potential in the current environment.
