Gold price today March 17: Domestic gold price increased to its 14th peak

Domestic gold price this afternoon March 17, 2025

As of 3:00 p.m. this afternoon, March 17, 2025, domestic gold prices continued to increase to a new peak for the 14th time this year, specifically:

At Saigon Jewelry Company (SJC), the price of gold bars was listed at 94.8 million VND/tael (buy) and 96.1 million VND/tael (sell). This afternoon's gold price increased by 500 thousand VND/tael in the buying direction - increased by 300 thousand VND/tael in the selling direction compared to the end of yesterday's trading session.

DOJI system listed SJC gold at buying price of 94.8 million VND/tael and selling price of 96.1 million VND/tael. This price increased by 500 thousand VND/tael for buying and 300 thousand VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, SJC gold is bought at 95.4 million VND/tael and sold at 96.2 million VND/tael. Thus, compared to yesterday's session, the gold price increased by 1.1 million VND/tael for buying and 300 thousand VND/tael for selling.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 94.8 million VND/tael (buy) and 96.1 million VND/tael (sell). This price increased by 300 thousand VND/tael in both buying and selling directions compared to yesterday.

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

	Today (March 17, 2025)		Yesterday (March 16, 2025)
	Purchase price	Selling price	Purchase price	Selling price
SJC	94,800500	96,100300	94,300	95,800
DOJI Hanoi	94,800500	96,100300	94,300	95,800
DOJI SG	94,800500	96,100300	94,300	95,800
BTMC SJC	94,800300	96,100300	94,500	95,800
Phu Quy SJC	94,800300	96,100300	94,500	95,800
PNJ HCMC	94,900400	96,500300	94,500	96,200
PNJ Hanoi	94,900400	96,500300	94,500	96,200

The current buying price of SJC 9999 gold rings is 94.7 million VND/tael and selling price is 96 million VND/tael. The buying price of gold rings increased by 500 thousand VND/tael - selling price increased by 300 thousand VND/tael compared to the closing price of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price reached a record peak of 95.2 million VND/tael and the selling price was 96.6 million VND/tael, an increase of 300 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the gold ring price at a new record selling price of 95.2-96.8 million VND/tael (buy - sell); the price increased by 200 thousand VND/tael in both buying and selling directions.

World gold price this afternoon March 17, 2025

As of 3:00 p.m. this afternoon, March 17, the world gold price was listed at 2,985.44 USD/ounce, down 1.72 USD/ounce compared to the close of yesterday's trading session.

International gold prices fell slightly as they neared the $3,000/ounce mark, a record price set late last week. Gold's rise was fueled by concerns about the global economy, especially the impact of the US-led tariff war, along with ongoing geopolitical tensions.

Fears that former President Donald Trump’s tariffs would drive up prices and weaken the economy are coming true, with recent data showing consumer sentiment fell to a 2.5-year low in March, while inflation expectations rose sharply.

US Treasury Secretary Scott Bessent also said there was no guarantee the economy would avoid recession, although adjustments may be needed.

Gold's recent rally has been driven largely by concerns about "stagflation" - a situation where inflation is high and economic growth is slow, according to Kelvin Wong, senior market analyst for Asia Pacific at OANDA. He said the short-term momentum for gold remains positive, with the next resistance levels at $3,016 or $3,030.

In the geopolitical context, the US announced that it would continue to attack Houthi forces in Yemen until they stop attacks on ships. Meanwhile, Israeli airstrikes in the Gaza Strip in the past 24 hours have killed at least 15 Palestinians.

However, geopolitical tensions were somewhat eased after former President Trump said he planned to speak with Russian President Putin on Tuesday to discuss ending the war in Ukraine.

The first event to watch this week is the Bank of Japan (BOJ) monetary policy meeting on Tuesday, followed by the US Federal Reserve (Fed) interest rate decision on Wednesday.

On Thursday, the Swiss National Bank (SNB) and the Bank of England (BOE) will also make their interest rate policy decisions. These moves could directly affect the value of the US dollar and the flow of money into the gold market.

Besides gold, other precious metals also recorded slight increases. Spot silver prices increased 0.1% to $33.81/ounce; platinum increased 0.4% to $997.04/ounce; and palladium increased 0.4% to $969.22/ounce.

Gold price forecast

Commodity experts at Macquarie have raised their gold price forecast to $3,500 an ounce by the third quarter of 2025. They had previously targeted $3,000 an ounce by mid-year, but gold prices hit that mark earlier than expected.

Analysts at TD Securities also said that gold reaching $3,000 an ounce would mark the third-largest rally in modern history. They said that while market risks are increasing, the gold rally is not over yet. Large investment funds still have the ability to buy more gold, although their budgets are not unlimited.

Last week, Kitco News’ survey showed that most experts still maintained an optimistic view on gold prices. Of the 15 analysts participating, 60% predicted that gold prices would continue to rise, 20% said that gold could fall and 10% said that prices would remain flat in the near future.

The online survey also reflects a positive trend, with 67% of respondents believing that gold prices will surpass $3,000 an ounce, while 18% believe that gold prices may fall and 15% predict that prices will fluctuate sideways.

The commodity analysis team at Macquarie recently revised its gold price forecast for the third quarter of this year to $3,500 an ounce, up from its initial forecast of $3,000 an ounce at mid-year, indicating confidence in the gold rally as investment demand continues to be strong.

Central bank gold buying is still going strong, according to Adrian Day, chairman of Adrian Day Asset Management. He said that the $3,000 an ounce price is not a barrier for foreign central banks, and gold can absolutely continue to rise higher.

Bart Melek, head of commodity strategy at TD Securities, also sees any pullback in gold as a good buying opportunity. He predicts gold will establish a new trading range above $3,000 an ounce this year.

FxPro expert Alex Kuptsikevich said that expectations of lower interest rates will continue to support gold prices. He predicted that gold could reach $3,190 an ounce in the near future, and could even go as high as $3,400 an ounce if this trend is maintained.