Gold price today March 21: Domestic gold price drops more than 3 million VND due to profit taking

Domestic gold price this afternoon March 21, 2025

As of 3:30 p.m. this afternoon, March 21, 2025, domestic gold prices have plummeted by more than 3 million VND, specifically:

At Saigon Jewelry Company (SJC), the price of gold bars is listed at 94.7 million VND/tael (buy) and 97.7 million VND/tael (sell). This afternoon's gold price decreased by 3.1 million VND/tael in the buying direction - decreased by 2.1 million VND/tael in the selling direction compared to the end of yesterday's trading session.

DOJI system listed SJC gold at buying price of 94.7 million VND/tael and selling price of 97.7 million VND/tael. This price decreased by 3.1 million VND/tael for buying and 2.1 million VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the buying price of SJC gold is 94.7 million VND/tael and the selling price is 97.2 million VND/tael. Thus, compared to yesterday's session, the gold price decreased by 2.6 million VND/tael in buying price and decreased by 2.4 million VND/tael in selling price.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 94.8 million VND/tael (buy) and 97.7 million VND/tael (sell). This price decreased by 3.2 million VND/tael for buying and 2.1 million VND/tael for selling compared to yesterday.

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

	Today (March 21, 2025)		Yesterday (March 20, 2025)
	Purchase price	Selling price	Purchase price	Selling price
SJC	94,7003100	97,7002100	97,800	99,800
DOJI HN	94,7003100	97,7002100	97,800	99,800
DOJI SG	94,7003100	97,7002100	97,800	99,800
BTMC SJC	94,8003200	97,7002100	98,000	99,800
Phu Quy SJC	95,4002600	98,2001600	98,000	99,800
PNJ HCMC	96,0002100	98,5001400	98,100	99,900
PNJ Hanoi	96,0002100	98,5001400	98,100	99,900

The current buying price of SJC 9999 gold rings is 94.6 million VND/tael and the selling price is 97.3 million VND/tael. The buying price of gold rings decreased by 3.8 million VND/tael - decreased by 2.4 million VND/tael compared to the end of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price is 95.2 million VND/tael and the selling price is 98.5 million VND/tael, a decrease of 2.55 million VND/tael in buying price - a decrease of 1.7 million VND/tael in selling price compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 96-98.6 million VND/tael (buy - sell); the price decreased by 2.1 million VND/tael for buying - decreased by 1.5 million VND/tael for selling.

World gold price this afternoon March 21, 2025

As of 3:00 p.m. this afternoon, March 21, the world gold price was listed at 3,028.71 USD/ounce, down 11.4 USD/ounce compared to the close of yesterday's trading session. Gold futures in the US also decreased 0.3% to 3,035.70 USD.

According to Kelvin Wong, senior market analyst for Asia-Pacific at OANDA, the main reason for the slight decline in gold prices during the Asian trading session was the strengthening of the US dollar against other major currencies.

Gold prices are currently under profit-taking pressure after information from the US Federal Reserve (Fed) survey in Philadelphia showed that manufacturing activity remained quite stable in March. At the same time, the decision to keep interest rates unchanged by the Bank of England (BoE) also contributed to creating a cautious sentiment in the market.

The Philadelphia Fed's manufacturing business outlook index fell to 12.5 from 18.1 in February, but was still higher than the forecast for a drop to 8.8, suggesting that despite a slight decline in manufacturing activity, the situation was better than expected.

Despite the lack of economic data, the gold market saw some light profit-taking after the recent strong rally. Alex Ebkarian, CEO of Allegiance Gold, said speculators were taking advantage of the opportunity to make a profit.

He said that whenever gold prices hit a high, there is often selling pressure to take profits. Ebkarian also shared that gold has not really become a safe haven asset for retail investors because the economy has not fallen into recession.

Meanwhile, other precious metals such as silver, platinum and palladium all fell. Specifically, silver fell 1.4% to $ 33.08 / ounce, platinum fell 0.3% to $ 982.20 and palladium fell 0.6% to $ 946.75. All three metals recorded losses for the week.

Gold Price Forecast

Lukman Otunuga, senior analyst at FXTM, said that gold is still maintaining a strong bullish trend, with the next resistance level at the psychological level of $3,100/ounce.

He also warned that if gold prices fall below $3,030 an ounce, it could lead to a deeper decline.

Meanwhile, Soni Kumari, commodity strategist at ANZ, said that gold could face profit-taking pressure after the recent rally. However, amid rising geopolitical concerns, the possibility of gold prices breaking above $3,050 an ounce cannot be ruled out.

Any dip in gold prices could attract buying interest from investors, said Zain Vawda, market analyst at OANDA. He stressed that until the economic impact of tariffs becomes clearer, gold’s rally will continue.

Bart Melek, head of commodity strategy at TD Securities, predicts gold prices will fluctuate in the current range, with a spread of about $25.

Investors are focused on the Fed's interest rate policy and comments from Chairman Jerome Powell. Melek also noted that former President Trump's tariff policies could increase inflation, which could be negative for gold prices in the future.