Gold price today March 18: Domestic gold price skyrocketed to a peak of nearly 100 million

Domestic gold price this afternoon March 18, 2025

As of 3:00 p.m. this afternoon, March 18, 2025, domestic gold prices continued to skyrocket, breaking the peak continuously today, specifically:

At Saigon Jewelry Company (SJC), the price of gold bars was listed at 96.4 million VND/tael (buy) and 97.9 million VND/tael (sell). This afternoon's gold price increased by 1.6 million VND/tael for buying and 1.8 million VND/tael for selling compared to the closing price of yesterday's trading session.

DOJI system listed SJC gold at buying price of 96.4 million VND/tael and selling price of 97.9 million VND/tael. This price increased by 1.6 million VND/tael for buying and 1.8 million VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, SJC gold is bought at 96.9 million VND/tael and sold at 97.9 million VND/tael. Thus, compared to yesterday's session, gold price increased by 1.2 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 96.5 million VND/tael (buy) and 97.9 million VND/tael (sell). This price increased by 1.7 million VND/tael for buying and 1.8 million VND/tael for selling compared to yesterday.

The latest gold price list today, March 18, 2025 is as follows:

	Today (March 18, 2025)		Yesterday (March 16, 2025)
	Purchase price	Selling price	Purchase price	Selling price
SJC	96,4001600	97,9001800	94,800	96,100
DOJI Hanoi	96,4001600	97,9001800	94,800	96,100
DOJI SG	96,4001600	97,9001800	94,800	96,100
BTMC SJC	96,5001700	97,9001800	94,800	96,100
Phu Quy SJC	96,1001300	97,6001500	94,800	96,100
PNJ HCMC	96,4001500	98,1001600	94,900	96,500
PNJ Hanoi	96,4001500	98,1001600	94,900	96,500

The current buying price of SJC 9999 gold rings is 96.3 million VND/tael and the selling price is 97.8 million VND/tael. The buying price of gold rings increased by 1.6 million VND/tael - the selling price increased by 1.8 million 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 96.9 million VND/tael and the selling price was 98.4 million VND/tael, an increase of 1.8 million 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 96.95-98.5 million VND/tael (buy - sell); the price increased by 1.75 million VND/tael for buying - increased by 1.7 million VND/tael for selling.

World gold price this afternoon March 18, 2025

As of 3:00 p.m. this afternoon, March 18, the world gold price was listed at 3,016.69 USD/ounce, up 28.7 USD/ounce compared to the close of yesterday's trading session.

The world gold price has reached an all-time high, rising far beyond the threshold of 3,000 USD/ounce, continuing its historic growth streak. The main reason is that global uncertainties, especially rising trade tensions, have caused investors to flock to gold as a safe asset.

This is the second time in March that the world gold price has surpassed the threshold of 3,000 USD. Meanwhile, the price of gold futures in the US also increased by 0.7%, to 3,027 USD/ounce.

Gold prices have risen more than 14% since the start of 2024. Since US President Donald Trump took office in January, gold prices have hit new records 15 times, largely due to economic concerns from his tariff war.

These tariffs include 25% tariffs on steel and aluminum that took effect in February, with reciprocal and sectoral tariffs to be applied from April 2, 2025.

While gold prices may correct due to the recent rapid increase, the combination of geopolitical and economic uncertainty, rising inflation, low interest rates and a weaker US dollar continues to fuel strong investment demand for gold, according to experts from the World Gold Council (WGC). The US dollar is currently at a four-month low, making gold cheaper for foreign investors.

This week, economic forecasts from the US Federal Reserve (Fed) will provide clearer evidence of the impact of policies under President Trump.

In addition, according to Kyle Rodda, financial market analyst at Capital.com, Israeli airstrikes could flare up tensions in the Middle East again, contributing to pushing gold prices higher.

Besides gold, other precious metals also recorded slight increases. Silver prices increased 0.2% to $33.90/ounce; platinum increased 0.4% to $1,004.16/ounce; and palladium increased 0.7% to $971.75/ounce.

Gold price forecast

In a recent report, ANZ bank raised its gold price forecast for the next three months to $3,100 an ounce and its forecast for the next six months to $3,200 an ounce.

ANZ said it maintained a bullish view on gold prices, supported by strong support from rising geopolitical and trade tensions, loose monetary policy, and strong gold demand from central banks.

WGC also said that if gold prices remain above $3,000 in the coming weeks, this could further stimulate buying demand.

Experts say that although the factors driving long-term increases in gold prices remain intact, in the current context, the fact that gold prices are at such high levels still poses some risks.

Gold prices may face difficulties in the coming time, especially when the market is about to enter the end of the first quarter. At that time, investors tend to take profits to make profits, especially when gold prices are at a historical peak. This may put investors who are holding gold at risk.

According to CPM Group analysis, profit-taking activities could push gold prices down to $2,980/ounce in the next few days. However, maintaining a long-term gold buying position is still considered reasonable, as global economic and political risks remain numerous and have not been completely resolved.

Alex Kuptsikevich, market analyst at FxPro, said that the decrease in inflationary pressures over the past week also contributed to the increase in gold prices.

This also creates conditions for the US Federal Reserve (Fed) to be able to cut interest rates this year. He expects the Fed to cut interest rates twice by the end of 2024.