Gold price today March 24, 2025: Domestic and world gold prices temporarily stopped falling earlier this week

Domestic gold price today 3/24/2025

At the time of survey at 4:30 a.m. on March 24, 2025, domestic gold prices temporarily stopped falling. Specifically:

The price of SJC gold bars listed by DOJI Group is at 94.4-97.4 million VND/tael (buy - sell), unchanged 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 94.4-97.4 million VND/tael (buy - sell), unchanged 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 96-97 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged for buying - down 400 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 94.8-97.4 million VND/tael (buying - selling), unchanged in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 94.6-97.4 million VND/tael (buy - sell), gold price remains unchanged 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 95.6-98.2 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 96.1-98.6 million VND/tael (buy - sell); unchanged in both buying and selling directions.

The latest gold price list today, March 24, 2025 is as follows:

World gold price today March 24, 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 3,023.05 USD/ounce. Today's gold price is unchanged compared to yesterday. Converted to the USD exchange rate, on the free market (25,910 VND/USD), the world gold price is about 95.47 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.93 million VND/tael higher than the international gold price.

Last week, the world gold price surpassed its historical peak of over 3,057 USD/ounce but quickly fell due to profit-taking pressure from investors. However, the price remained above the psychological support level of 3,000 USD/ounce - a level that many experts predicted would be an important support in the coming time.

The overall market sentiment remains bullish. Many central banks continue to increase their gold reserves as a way to diversify away from the US dollar. Meanwhile, individual investors and ETFs are also starting to return to the gold market.

Holdings of the SPDR Gold Shares ETF have risen by more than 37 tonnes this year to 910 tonnes, data from the fund show. While that is still lower than in 2020, the rally is being fuelled by inflation concerns and escalating trade tensions.

Meanwhile, Commerzbank expert Thu Lan Nguyen warned that inflationary pressures could curb gold's rise. The Fed recently raised its 2024 inflation forecast to 2.8%, up from 2.5% previously. This makes the market more sensitive to economic data, especially indicators related to spending and consumption.

According to Rob Haworth, an expert from US Bank Wealth Management, the current gold price has largely reflected concerns about the global economy and the US dollar. However, for gold prices to continue to rise, the factors of instability must not only remain but also increase.

He believes that as the world gradually stabilizes, factors such as persistent inflation or a weak US dollar will determine whether gold prices can maintain the $3,000/ounce mark.

Key data will be released next week, including the core personal consumption expenditure index – an inflation measure that the Fed is particularly interested in. Markets will also pay attention to figures such as consumer confidence, new home sales and fourth-quarter US GDP.

Gold Price Forecast

During the weekend trading session, the world gold price barely fluctuated due to no notable news, while the market recorded profit-taking pressure from investors. However, as soon as the gold price decreased slightly, many people quickly bought in, showing that the market sentiment was still quite positive.

Overall, although gold may have more short-term corrections, the medium- and long-term outlook is still positive. The fact that gold is staying around $3,000 shows that this is a price range that the market is accepting and could be a launching pad for further increases if there are no negative surprises in macro factors.

A Kitco News survey found investor sentiment remains bullish. Of the 18 Wall Street professionals surveyed, 39% said they expect gold prices to continue rising, while only 28% said they expected them to fall. An online survey of retail investors also found that 59% said they expect prices to rise next week.

Some experts such as Rich Checkan and Colin Cieszynski believe that gold prices may correct below the $3,000 mark before stabilizing and rebounding. They believe that early April will be the time for more volatility when US tax policy begins to take effect more clearly.

Meanwhile, Marc Chandler from Bannockburn Global Forex predicts that gold prices will continue to fluctuate in a narrow range around the $3,000/ounce mark before a clearer trend emerges.

George Milling-Stanley, chief strategist at State Street Global Advisors, said that gold prices could continue to hover around $3,000 for the next few months. If that level holds for long enough, he said, it will provide a solid foundation for further gains.

While he doesn't expect gold to hit new highs anytime soon, he also doesn't see any factors that could cause prices to fall sharply.