Gold price today March 22, 2025: Domestic and world gold prices have the sharpest decrease in 2025

Domestic gold price today March 22, 2025

At the time of survey at 4:30 a.m. on March 22, 2025, domestic gold price dropped sharply by more than 3 million VND/tael, specifically:

DOJI Group listed the price of SJC gold bars at 94.7-97.7 million VND/tael (buy - sell), down 3.1 million VND/tael for buying - down 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 94.7-97.7 million VND/tael (buy - sell), down 3.1 million VND/tael in buying - down 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 95-97.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 2.3 million VND/tael for buying and decreased by 2.1 million VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 95.2-97.7 million VND/tael (buying - selling), down 2.8 million VND/tael in buying - down 2.1 million VND/tael in selling compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 94.9-97.7 million VND/tael (buy - sell), gold price decreased 3.1 million VND/tael in buying - decreased 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 95.9-100.2 million VND/tael (buy - sell); down 2.6 million VND/tael in buying - down 1.7 million VND/tael in selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 96.4-98.9 million VND/tael (buy - sell); down 2.15 million VND/tael for buying - down 1.4 million VND/tael for selling.

The latest gold price list today, March 22, 2025 is as follows:

World gold price today March 22, 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 3003.88 USD/ounce. Today's gold price decreased by 31.28 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,970 VND/USD), the world gold price is about 95.08 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.62 million VND/tael higher than the international gold price.

World gold prices fell sharply due to the stronger USD and profit-taking activities of investors. Gold futures in the US fell 1.2% to 3,007.80 USD. However, gold still increased 0.7% this week.

Prolonged geopolitical and economic uncertainties, along with expectations that the US Federal Reserve (Fed) may cut interest rates, have helped world gold prices maintain their upward momentum for the third consecutive week.

Gold has hit 16 new records this year, with an all-time high of $3,057.21 an ounce. The market is taking a breather, with investors taking profits and the dollar rising, said Edward Meir, an analyst at Marex. The US dollar rose 0.2% to a two-week high, making gold more expensive for foreign investors.

Peter Grant, vice president and senior metals strategist at Zaner Metals, said safe-haven demand for gold continues to be a key driver, thanks to trade concerns and geopolitical risks. US President Donald Trump still plans to impose new tariffs on April 2.

The Fed, on the other hand, left its benchmark interest rate unchanged at its meeting on Wednesday, but is expected to cut rates by two more quarter-points before the end of the year. LSEG data shows investors are expecting a total of 71 basis points of rate cuts this year, with at least two 25 basis point cuts, the first of which could come in July.

On the geopolitical front, Israel has announced an escalation of airstrikes and ground attacks on Hamas in Gaza to pressure the release of hostages, ending a two-month-old ceasefire and launching a full-scale military campaign against the Palestinian militant group.

Along with gold, other precious metals also recorded losses. Silver fell 2.2% to $ 32.80 an ounce, platinum fell 1.3% to $ 972.25, while palladium remained unchanged at $ 952.04. All three metals tended to decrease for the week.

Gold price forecast

Gold prices are experiencing remarkable fluctuations, and experts are making various predictions about the upcoming trend.

ANZ Bank expert Soni Kumari said that after the recent strong increase, gold prices may face profit-taking pressure. However, as concerns about geopolitical tensions remain high, the possibility of gold surpassing the $3,050/ounce mark is still entirely possible.

Any dip in gold prices could quickly attract renewed buying from investors, according to OANDA analyst Zain Vawda. He said that as long as the economic impact of tariffs is unclear, gold prices are likely to continue to rise.

Bart Melek, head of commodity strategy at TD Securities, said that gold prices are currently fluctuating in a stable range, around $25. Investors are now mainly watching the US Federal Reserve's interest rate policy and statements from Chairman Jerome Powell.

In addition, inflation is still persistent in many areas, making gold continue to play the role of a tool to protect assets against currency risks. In the international market, large speculators are also taking advantage of this increase to make profits, contributing to pushing gold prices up further.

However, some also warn that the current price increase has similarities with the period when gold peaked at nearly $1,900/ounce in 2011. After that, the price of gold continuously fell and bottomed at $1,049/ounce in 2015.

A VietNamNet reader said that if gold was bought at the end of 2011, it would take until the end of 2020 for gold holders to "return to shore". At that time, the gold price closed at 1,895.10 USD/ounce, almost equal to the peak set nearly a decade ago.