Gold price today March 21, 2025: Gold price trend of increasing by more than 100 million is maintained

Domestic gold price today March 21, 2025

At the time of survey at 4:30 a.m. on March 21, 2025, domestic gold prices increased for gold rings and decreased for gold bars:

DOJI Group listed the price of SJC gold bars at 97.8-99.8 million VND/tael (buy - sell), down 200 thousand VND/tael in buying - up 300 thousand VND/tael in selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 97.8-99.8 million VND/tael (buy - sell), down 200 thousand VND/tael in buying - up 300 thousand 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 97.3-99.6 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 700 thousand VND/tael for buying and increased by 100 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 98-99.8 million VND/tael (buying - selling, unchanged in buying direction - increased 300 thousand VND/tael in selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 98-99.8 million VND/tael (buy - sell), gold price is unchanged in buying direction - increased 300 thousand VND/tael in selling direction 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 98.5-100.2 million VND/tael (buy - sell); an increase of 200,000 VND/tael in buying - an increase of 300,000 VND/tael in selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 98.55-100.3 million VND/tael (buy - sell); increased 200 thousand VND/tael for buying - increased 300 thousand VND/tael for selling.

The latest gold price list today, March 21, 2025 is as follows:

World gold price today March 21, 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 3032.49 USD/ounce. Today's gold price increased by 6.87 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,940 VND/USD), the world gold price is about 95.87 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.93 million VND/tael higher than the international gold price.

World gold prices fell slightly after hitting a new record high, but maintained an upward trend thanks to expectations that the US Federal Reserve (Fed) could cut interest rates, along with ongoing geopolitical and economic uncertainties.

The world gold price hit a new record high of 3,057.21 USD before falling slightly. The main reason for this decline was due to investors taking profits. Meanwhile, the price of gold futures in the US increased slightly by 0.1% to 3,044.10 USD.

Speculators are taking advantage of the opportunity to profit from the market, according to Alex Ebkarian, CEO of Allegiance Gold. He said that every time gold prices hit a new high, the market usually experiences a bit of selling pressure. Ebkarian also said that gold is not really a safe haven asset for retail investors right now because the US economy is not technically in recession.

Fed Chairman Jerome Powell said former President Trump's early policies, including high import tariffs, may have slowed US economic growth and pushed up inflation. Meanwhile, Trump criticized the Fed's decision to keep interest rates unchanged, despite forecasts suggesting two quarter-point rate cuts by the end of the year due to weak economic growth and high inflation.

Data from LSEG shows traders are expecting the Fed to cut interest rates by a total of 69 basis points this year, with at least two cuts of 25 basis points each, and a cut in July already fully priced in.

Geopolitical developments are also supporting gold prices. At least 70 Palestinians were killed and dozens injured in Israeli airstrikes in the Gaza Strip, after Israel resumed its bombing campaign and ground operations in the area, according to a Gaza health official.

Gold is often seen as a hedge against uncertainty and tends to rise in a low-interest-rate environment. Meanwhile, spot silver fell 1.2% to $33.38 an ounce, platinum fell 0.8% to $985.05, and palladium fell 1.4% to $946.74.

Gold price forecast

Analysts at Citi said that, in the most optimistic scenario, gold prices could reach $3,500 an ounce by the end of the year, thanks to increased demand for risk protection and investment due to concerns about the possibility of the US economy falling into recession or stagflation.

Gold will be supported further by rising inflation, falling interest rates and continued economic uncertainty, according to strategist Joseph Cavatoni of the World Gold Council. He predicts that in the long term, gold prices could exceed $3,000 an ounce.

Currencies 4 You expert Prem Raja is even more optimistic, saying that if the current rally continues, $4,000 an ounce could be the next target.

Goldman Sachs also forecasts gold prices to rise 8% by the end of 2025. They believe the Fed will cut interest rates twice this year, helping gold prices continue to rise. If the Fed keeps interest rates unchanged, gold prices could reach $3,060/ounce by the end of 2025.

Mr. Pawan Jain from Virginia Commonwealth University predicts that by mid-2025, gold could fluctuate between $3,200 and $3,300 an ounce, thanks to buying power from gold ETFs and long-term investors.

Despite the generally optimistic outlook, Joseph Cavatoni warned that gold prices could be volatile due to the impact of US monetary and trade policies. According to him, gold could continue to fluctuate around $3,000 an ounce, but he does not rule out the possibility of short-term corrections.

Nicholas Frappell, market director at ABC Refinery, also agreed that gold prices could undergo a correction after the strong rally in the first quarter of 2025. However, he stressed that previous price declines were short-lived, and that buying pressure in the market remains strong. The next important resistance level could be $3,090-$3,100/ounce.