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Gold price today March 17, 2025: World and domestic gold prices increased by 5 million in the first half of March

Quoc DuongDNUM_BHZADZCACF 4:30

Gold price today March 17, 2025: World gold price increased by nearly 100 USD in March. Along with domestic gold price setting a new record with an increase of more than 5 million VND since the beginning of the month.

Domestic gold price today March 17, 2025

At the time of survey at 4:30 a.m. on March 17, 2025, domestic gold prices were at 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 94.3-95.8 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 700 thousand VND/tael for buying and 200 thousand VND/tael 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.

Giá vàng hôm nay 17/3/2025: Giá vàng tăng 5 triệu nửa đầu tháng 3

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); unchanged in both buying and selling directions.

Closing the week at an all-time high, gold bars increased by more than VND5 million per tael in the first half of March. The price of 9999 gold rings also increased by VND5.3 million per tael compared to the beginning of this month.

The latest gold price list today, March 17, 2025 is as follows:

Gold price today
March 17, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
94.395.8
--
DOJI Group
94.3
95.8
-
-
Red Eyelashes
94.395.8
-700-200
PNJ
94.3
95.8
--
Vietinbank Gold
95.8

-
Bao Tin Minh Chau
94.5
95.8
--
Phu Quy94.595.8--
1.DOJI- Updated: 03/17/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN94,30095,800
AVPL/SJC HCM94,30095,800
AVPL/SJC DN94,30095,800
Raw material 9999 - HN94,90095,400
Raw material 999 - HN94,80095,300
AVPL/SJC Can Tho94,30095,800
2.PNJ- Updated: 03/17/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ94,50096,200
HCMC - SJC94,30095,800
Hanoi - PNJ94,50096,200
Hanoi - SJC94,30095,800
Da Nang - PNJ94,50096,200
Da Nang - SJC94,30095,800
Western Region - PNJ94,50096,200
Western Region - SJC94,30095,800
Jewelry gold price - PNJ94,50096,200
Jewelry gold price - SJC94,30095,800
Jewelry gold price - SoutheastPNJ94,500
Jewelry gold price - SJC94,30095,800
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring94,500
Jewelry gold price - Jewelry gold 999.993,60096,100
Jewelry gold price - Jewelry gold 99993,50096,000
Jewelry gold price - Jewelry gold 9992,74095,240
Jewelry gold price - 916 gold (22K)85,63088,130
Jewelry gold price - 750 gold (18K)69,73072,230
Jewelry gold price - 680 gold (16.3K)63,00065,500
Jewelry gold price - 650 gold (15.6K)60,12062,620
Jewelry gold price - 610 gold (14.6K)56,27058,770
Jewelry gold price - 585 gold (14K)53,87056,370
Jewelry gold price - 416 gold (10K)37,63040,130
Jewelry gold price - 375 gold (9K)33,69036,190
Jewelry gold price - 333 gold (8K)29,36031,860
3.SJC- Updated: 03/17/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG94,30095,800
SJC 5c94,30095,820
SJC 2c, 1c, 5c94,30095,830
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi94,20095,700
SJC 99.99 gold ring 0.3 chi, 0.5 chi94,30095,800
Jewelry 99.99%94,20095,400
Jewelry 99%91,45594,455
Jewelry 68%62,02865,028
Jewelry 41.7%36,93539,935

World gold price today March 17, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. today, Vietnam time, was at 2,987.95 USD/ounce. Today's gold price remained unchanged compared to yesterday but increased by 74.64 USD/ounce compared to last week. Converted 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.

The world gold price has just reached an important milestone last week when it surpassed the threshold of 3,000 USD/ounce. Although currently down more than 20 USD compared to the peak, the world gold price last week still increased to 74.64 USD/ounce. Compared to the beginning of March, the gold price has increased sharply by nearly 100 USD/ounce.

Analysts have been waiting for gold to break $3,000 since the beginning of the year, and some predict that this key level could trigger profit-taking. However, market sentiment remains quite bullish, and more analysts are raising their gold price targets for this year.

Paul Williams, CEO of Solomon Global, commented that the price of gold breaking through the psychological $3,000 mark is a direct response to escalating trade tensions and the accompanying economic uncertainty.

Mr Trump’s latest tariff threat, a 200% levy on wine imports from the EU, has sent shockwaves through global markets, spurring demand for safe-haven assets. This is not just a knee-jerk reaction to individual policies, but also a response to investors seeking protection from systemic risk.

Stuart O'Reilly, Chief Market Analyst at The Royal Mint, said: 'While equity markets have been volatile recently, safe-haven assets such as gold have been rallying, sending the price of gold to record highs. Supported by global trade tensions and continued central bank buying, the sterling gold price has risen by more than 9% since the start of the year.'

Alex Kuptsikevich, Market Analyst at FxPro, said that the decline in inflationary pressures over the past week has also contributed to the rise in gold prices. This has created conditions for the Federal Reserve to cut interest rates this year, and the market is currently expecting two rate cuts by the end of the year.

In addition to the safe-haven appeal, Macquarie also said that gold prices are supported by the worsening outlook for the US government's growing debt. The US government is once again facing the risk of a shutdown due to the failure of Congress to pass a new budget bill. Analysts predict that the US government will not be able to significantly cut spending.

Jesse Colombo, an independent precious metals analyst, said that gold prices are in a strong uptrend. He said that weak stock markets could continue to support gold's rise. "The shift of capital from stocks to gold is just beginning, and this will fuel gold's rise for years to come," Colombo said.

Other US economic data due for release on Thursday includes a report on weekly jobless claims.

Gold Price Forecast

Paul Williams predicts that with the current upward momentum, gold prices could reach $3,500 by summer and $4,500 within a year.

Kuptsikevich said that gold prices could correct after hitting $3,000, but noted that buyers are still holding the upside momentum. 'Technically, we see a typical bullish continuation after a downside correction. The potential target for this rally is the $3,190 area, and the further target is the $3,400 area,' he said.

David Morrison, senior market analyst at Trade Nation, said that gold could correct lower in the short term after reaching this historic level. 'Traders need time to get used to trading in this new price zone. It will be interesting to see how gold develops over the weekend. It is worth noting that gold is not yet overbought at current levels,' he said.

Despite the high price of gold, Macquarie notes that the market is not in much of a bubble right now. They add that with investment demand for gold-backed ETFs down 20% from their 2020 all-time high, the market still has plenty of room to rise well beyond the $3,000 mark.

Technically, April gold futures bulls have a clear near-term technical advantage. Bulls’ next upside price objective is to close above strong resistance at the record high of $2,974. Meanwhile, bears are aiming to push prices below strong technical support at last week’s low of $2,844.10.

First resistance is now seen at last night's high of $2,958.90, followed by $2,974. First support is seen at last night's low of $2,942.20, followed by Wednesday's low of $2,911.

Fifteen analysts participated in the Kitco News gold survey this week. While Wall Street optimism has eased slightly from last week, the majority still expect gold prices to continue rising. Specifically, nine experts (60%) predict gold prices will rise next week, while three analysts (20%) see prices falling, and the remaining three predict prices will be flat.

Meanwhile, Kitco’s online survey of 262 participants found that retail investor sentiment was largely unchanged from last week. 175 traders (67%) expect gold prices to surpass $3,000 next week, while 47 (18%) expect prices to fall, and 40 (15%) see prices moving sideways.

Commodity analysts see little downside risk for gold this year. They argue that for the structural support environment for gold to change, there would need to be a change in U.S. budget deficit forecasts or positive reasons for real yields to be higher over the long term. However, that is not their current base case.

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Gold price today March 17, 2025: World and domestic gold prices increased by 5 million in the first half of March
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