Gold price today March 24: Domestic and world gold prices begin a new increase

Domestic gold price this afternoon March 24, 2025

As of 3:30 p.m. this afternoon, March 24, 2025, domestic gold houses started a new increase, specifically:

At Saigon Jewelry Company (SJC), the price of gold bars was listed at 95.1 million VND/tael (buy) and 97.6 million VND/tael (sell). This afternoon's gold price increased by 700 thousand VND/tael in the buying direction - increased by 200 thousand VND/tael in the selling direction compared to the end of yesterday's trading session.

DOJI system listed SJC gold at buying price of 95.1 million VND/tael and selling price of 97.6 million VND/tael. This price increased by 700 thousand VND/tael for buying and 200 thousand VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, SJC gold is bought at 95.7 million VND/tael and sold at 96.7 million VND/tael. Thus, compared to yesterday's session, the gold price decreased by 300 thousand VND/tael in both buying and selling directions.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 92.3 million VND/tael (buy) and 97.6 million VND/tael (sell). This price increased by 500 thousand VND/tael for buying and 200 thousand VND/tael for selling compared to yesterday.

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

The current buying price of SJC 9999 gold rings is 94.4 million VND/tael and the selling price is 97.1 million VND/tael. The price of gold rings increased by 100 thousand VND/tael in both buying and selling directions compared to the end of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price is 96.1 million VND/tael and the selling price is 98.4 million VND/tael, an increase of 500 thousand VND/tael for buying - an increase of 200 thousand VND/tael for selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 96-98.6 million VND/tael (buy - sell); the price increased by 200 thousand VND/tael for buying - increased by 100 thousand VND/tael for selling.

World gold price this afternoon March 24, 2025

As of 3:30 p.m. this afternoon, March 24, the world gold price was listed at 3,026.77 USD/ounce, a slight increase of 3.72 USD/ounce compared to the close of yesterday's trading session.

Gold prices were little changed today as investors awaited fresh factors to boost the market, after a recent rally that pushed prices to a record high. Gold futures edged up 0.3% to $3,029.70.

Gold still has upside potential if markets continue to worry about the negative impact of tariffs on economic growth, but that could be offset somewhat if Russia-Ukraine ceasefire talks progress, according to market analyst Tim Waterer of KCM Trade. A US delegation will discuss the Black Sea ceasefire and peace in Ukraine in talks with Russia on Monday.

Meanwhile, an Israeli airstrike on a hospital in Gaza on Sunday killed five people, including a Hamas political leader.

A major factor driving the gold market today is the Donald Trump administration’s tariff strategy, which has the potential to weaken US economic growth and the global position of the US dollar. Continued implementation of tariffs could weaken the US economy, erode confidence in the dollar reserve and the credibility of the US government.

Central bank gold purchases have pushed up gold prices, with its role as a safe haven asset gaining prominence. In 2024, total global gold demand is expected to reach 4,974.5 tonnes, driven by central bank purchases, global investment, jewelry demand and technology use.

With gold prices near all-time highs, jewelry stores in Asia and the Middle East are facing a rush of customers to resell old jewelry and gold coins for profit.

Last week, the US Federal Reserve (Fed) kept its benchmark interest rate unchanged in a range of 4.25%-4.50%. Policymakers are expected to cut rates two more times, by 0.25 percentage points each, by the end of 2025.

Besides gold prices, silver prices increased 0.4% to 33.17 USD/ounce, platinum increased 0.3% to 977.7 USD, and palladium increased 0.4% to 962.00 USD.

Gold price forecast

This week, the market will receive many important economic data from the US such as manufacturing and service PMI index, consumer confidence index, new home sales, durable goods orders, pending home sales, weekly unemployment claims and GDP in the fourth quarter of 2024. This information will help investors have a clearer view of the US economic situation and directly affect the trend of gold prices.

According to the latest survey by Kitco News, investor and expert sentiment is divided. On Wall Street, 39% of experts predict gold prices will increase, 28% think it will decrease and 33% think gold will go sideways.

An online survey of more than 370 individual investors found that 59% expect gold prices to rise next week, down from last week. The percentage predicting a decline is 22%, while the remaining 19% believe gold prices will remain flat.

Colin Cieszynski of SIA Wealth Management believes that gold prices could continue to move sideways around $3,000 an ounce for the rest of the month. He expects prices to see more volatility in early April when the US begins to tighten its tariff policies.

This view is also shared by Marc Chandler – CEO of Bannockburn Global Forex – who believes that new tax policies will contribute to keeping gold prices above the threshold of 3,000 USD/ounce, especially after gold peaked at nearly 3,060 USD last week.

Analyst Alex Kuptsikevich from FxPro believes that gold prices have been in an uptrend since the beginning of March. He believes that this increase could push gold prices to the $3,180 region, even towards the long-term target of $3,400/ounce in the next few months.

On the neutral side, Adrian Day – Chairman of Adrian Day Asset Management – ​​said that after the strong increase, gold prices need a slight correction to consolidate. However, he also affirmed that the long-term support factors for gold are still intact, so this correction is only temporary.

On the other hand, James Stanley from Forex.com was more optimistic. He said there were no clear signs of weakening buying pressure or large-scale profit-taking. Therefore, the uptrend could continue in the short term.