Gold price today March 19, 2025: Domestic and world gold prices increase, about to reach a historic milestone

Domestic gold price today March 19, 2025

At the time of survey at 4:30 a.m. on March 19, 2025, domestic gold prices continuously increased to a new peak of nearly 100 million VND for both gold bars and gold rings:

DOJI Group listed the price of SJC gold bars at 96.7-98.2 million VND/tael (buy - sell), an increase of 1.9 million VND/tael for buying - an increase of 2.1 million VND/tael for selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 96.7-98.2 million VND/tael (buy - sell), an increase of 1.9 million VND/tael in buying - an increase of 2.1 million VND/tael in selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 97.5-98.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 1.8 million VND/tael for both buying and selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 96.7 - 98.2 million VND/tael (buying - selling), up 1.9 million VND/tael in buying - up 2.1 million VND/tael in selling compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 96.7 - 98.2 million VND/tael (buy - sell), gold price increased 1.9 million VND/tael in buying - increased 2.1 million VND/tael in selling 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 97.2-98.7 million VND/tael (buy - sell); an increase of 2.1 million VND/tael in both buying and selling directions.

Bao Tin Minh Chau listed the price of gold rings at 97.25-98.8 million VND/tael (buy - sell); increased 2.05 million VND/tael for both buying and selling prices - increased 2 million VND/tael for both selling prices.

Following the current strong increase, it is forecasted that the domestic gold price may increase to reach the historical milestone of 100 million VND this March. This is an important milestone marking the strong increase in gold prices in the context of escalating conflicts in the world and global financial instability.

The latest gold price list today, March 19, 2025 is as follows:

World gold price today March 19, 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 at 3028.05 USD/ounce. Today's gold price increased by 28.19 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,840 VND/USD), the world gold price is about 95.37 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.83 million VND/tael higher than the international gold price.

The world gold price increased sharply today, reaching a new record high and far exceeding the threshold of 3,000 USD/ounce. The main reason is the increasing tension in the Middle East and the trade uncertainties related to the tax plan of US President Donald Trump, causing many investors to seek gold as a safe asset.

This is the second time this March that the world gold price has surpassed the threshold of 3,000 USD. US gold futures also increased by 1.05% to 3,038 USD/ounce.

Gold prices had an impressive 2024 and have continued to maintain their upward momentum this year, with a gain of more than 15% year-to-date and hitting 15 all-time highs.

According to Jim Wyckoff, senior analyst at Kitco Metals, the current strong rally in gold is driven by the demand for safe assets due to complicated developments in the Middle East, escalating trade tensions, and strong gold purchases by central banks.

Israeli airstrikes in Gaza have killed more than 400 people, threatening a two-month-old ceasefire. Meanwhile, President Trump has proposed a series of tariffs, including a 25% tax on steel and aluminum to take effect in February, and countervailing and sectoral tariffs scheduled to take effect on April 2.

Additionally, central banks and households globally are increasing their gold holdings, providing a strong boost to the price of the precious metal.

Investors are now paying attention to a meeting between President Trump and Russian President Putin, where Trump is expected to push for a ceasefire in Ukraine, as well as the US Federal Reserve's monetary policy meeting on Wednesday.

Traders expect the Fed to keep rates unchanged at this meeting, but there is a nearly 66% chance of a rate cut in June, according to CME Group's FedWatch tool.

Silver also rose 0.8% to $34.10 an ounce, its highest level since late October. Silver could continue to rise sharply in the coming weeks as it catches up with the market, according to Wyckoff. Platinum, meanwhile, remained unchanged at $1,000.30 an ounce, and palladium edged up 0.1% to $965.50 an ounce.

Gold price forecast

Razan Hilal, market analyst at City Index, said that if gold holds above $3,040, the next resistance level could be $3,080 in an extreme scenario.

Although gold prices have surpassed $3,000/ounce, investors have not really participated strongly. Currently, the amount of gold held in ETFs is about 86 million ounces, significantly lower than the level of more than 110 million ounces during the COVID-19 pandemic. This shows that gold prices still have a lot of potential for growth in the coming time.

UBS has revised its one-year gold price forecast to $3,200 an ounce, up from its previous forecast of $3,000 an ounce, as trade tensions continue to rise, making gold an even more reliable store of value.

Goldman Sachs also raised its year-end gold price forecast to $3,100 an ounce, while Macquarie Group said prices could reach $3,500 an ounce as early as the third quarter of this year.

ANZ Bank also recently raised its gold price forecast to 3,100 USD/ounce in the next 3 months and 3,200 USD/ounce within 6 months.

The World Gold Council (WGC) believes that if gold prices continue to stay above $3,000 an ounce in the coming weeks, investment demand for gold may increase further.

While the factors supporting the gold price rally remain intact, experts warn that the market may face correction risks. Currently, gold prices are at record highs, causing many investors to tend to take profits before the end of the first quarter. If this happens, those holding gold may face short-term downward pressure.

Ole Hansen said that gold prices could fall to $2,956 an ounce, or even $2,930 an ounce, as investors take profits. However, he still maintained that any dip is a buying opportunity, and his 2025 price target remains $3,300 an ounce.

Economist Nguyen Huu Huan said that the fear of missing out on opportunities is causing many people to rush to buy gold. However, at this price range, investors need to be careful of the risk of price adjustments. If the world gold price decreases, the domestic gold price will also be affected. Therefore, investors should not buy gold following the crowd or using financial leverage to invest in gold.