Gold price today March 20, 2025: Domestic and world gold prices increased by more than 100 million then decreased slightly

Domestic gold price today March 20, 2025

At the time of survey at 4:30 a.m. on March 20, 2025, the domestic gold price continuously increased to a new peak of more than 100 million VND for both gold bars and gold rings, then decreased slightly to 99.5 million VND:

DOJI Group listed the price of SJC gold bars at 98-99.5 million VND/tael (buy - sell), an increase of 1.3 million VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 98-99.5 million VND/tael (buy - sell), an increase of 1.3 million VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 98-99.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for buying and 1 million VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 98-99.5 million VND/tael (buying - selling), an increase of 1.3 million VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 98-99.5 million VND/tael (buy - sell), gold price increased 1.3 million VND/tael 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 98.3-99.9 million VND/tael (buy - sell); up 1.1 million VND/tael in buying - up 1.2 million VND/tael in selling.

Bao Tin Minh Chau listed the price of gold rings at 98.3-100 million VND/tael (buy - sell); increased 1.1 million VND/tael for buying - increased 1.2 million VND/tael for selling.

The latest gold price list today, March 20, 2025 is as follows:

World gold price today March 20, 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 3028.29 USD/ounce. Today's gold price increased by 6.73 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,910 VND/USD), the world gold price is about 95.66 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.84 million VND/tael higher than the international gold price.

World gold prices rose slightly, remaining almost unchanged after hitting a new record high, thanks to investment demand for safe assets. Currently, investors are waiting for the interest rate decision from the US Federal Reserve (Fed) to be announced today.

Earlier, gold rose to an all-time high of $3,045.24, marking the 16th time this year that gold has set a record price. US gold futures later fell 0.1% to $3,038.00.

There are concerns that tariffs could fuel inflation, according to Bart Melek, head of commodity strategy at TD Securities. While prices in the US are rising due to tariffs, many expect the Fed to start easing monetary policy around mid-year. US President Donald Trump increased tariffs on steel and aluminum imports to 25%, effective last week, and he also announced that the new tariffs would be in place from April 2.

Gold is often seen as a safe investment during times of inflation or economic turmoil. So far this year, the price of gold has increased by more than 15%.

On the geopolitical front, Russia and Ukraine accused each other of violating a ceasefire agreement on energy targets just hours after President Trump spoke by phone with Russian President Vladimir Putin. Meanwhile, violence returned to Gaza, with Israeli airstrikes reportedly killing more than 400 people on Tuesday, according to Palestinian health authorities.

Bart Melek predicts that gold prices will fluctuate within the current range, possibly dipping by around $25. Investors are now focused on the Fed's policy decision, along with comments from Fed Chairman Jerome Powell.

The market expects the Fed to keep its benchmark interest rate unchanged this month, and possibly cut rates in June. Gold becomes more attractive when interest rates are low, as it is a non-yielding asset.

Besides gold, silver prices fell 1.2% to $33.61 an ounce, platinum fell 1.6% to $980.90, and palladium fell 0.8% to $959.20.

Gold price forecast

Commenting on the soaring price of domestic gold, Associate Professor Dr. Nguyen Huu Huan, University of Economics Ho Chi Minh City pointed out that the domestic market increased following the world market. This is normal. Domestic gold prices did not increase due to market manipulation or control, so there is nothing to worry about.

Associate Professor Dr. Nguyen Huu Huan said that gold prices could continue to set new records due to concerns about global political instability. However, the increase will not be continuous but will have adjustments, especially when gold prices have reached high levels.

In an interview with Kitco News, Chantelle Schieven, head of research at Capitalight Research, said that gold prices could reach $3,200 an ounce this year. Although gold prices may fall in the short term, the long-term trend, the gold price increase, is still very sustainable.

Despite her optimistic outlook, she acknowledged that predicting the impact of a recession on gold is difficult. During times of crisis, investors often sell gold to raise cash to offset losses in the stock market.

Matt Simpson, an expert at City Index, also agreed that gold prices could reach $3,200 an ounce in just over a month. He said that although the market may have some corrections, buyers are still waiting for opportunities to buy at lower prices.

Investors are now watching the upcoming decision of the US Federal Reserve (FED). According to Tim Waterer, market analyst at KCM Trade, if the Federal Open Market Committee (FOMC) meeting takes a dovish tone in response to the uncertainties from tariff policy, this could be a signal for gold prices to surpass the $3,050/ounce mark.

Although gold prices have risen sharply, far exceeding the threshold of 3,000 USD/ounce, many experts still believe that gold can set new peaks. The recovery of the housing market in the US in February has not reduced the attraction of gold to investors.

Technically, gold prices are still in a strong uptrend. The next important resistance level is determined at $3,100/ounce. Meanwhile, the first support level is located at the recent session low of $3,008.2/ounce. In addition, the $3,000/ounce level is also an important psychological support level for the market.