Gold price today March 28, 2025: Domestic and world gold prices increased to a new record high of all time

Domestic gold price today March 28, 2025

At the time of survey at 4:30 a.m. on March 28, 2025, domestic gold prices continued to increase, gold ring prices approached the 100 million VND/tael mark, and gold bar prices exceeded the 99 million VND mark. Specifically:

DOJI Group listed the price of SJC gold bars at 97.4-98.9 million VND/tael (buy - sell), an increase of 700 thousand VND/tael for buying - an increase of 500 thousand 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 97.4-98.9 million VND/tael (buy - sell), an increase of 700 thousand VND/tael in buying - an increase of 500 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 98.5-99.7 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 1.3 million VND/tael for both buying and selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 97.5-98.9 million VND/tael (buying - selling), up 700 thousand VND/tael in buying - up 500 thousand VND/tael in selling compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 97.4-98.9 million VND/tael (buy - sell), gold price increased 700 thousand VND/tael in buying direction - increased 500 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 97.2-99.5 million VND/tael (buy - sell); an increase of 500,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 97.6-99.7 million VND/tael (buy - sell); increased 800 thousand VND/tael for buying - increased 600 thousand VND/tael for selling.

The latest gold price list today, March 28, 2025 is as follows:

World gold price today March 28, 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 3050.77 USD/ounce. Today's gold price increased by 35.43 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,935 VND/USD), the world gold price is about 96.65 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.25 million VND/tael higher than the international gold price.

The world gold price has increased sharply to a new record high for the 17th time as investors rushed to buy gold as a safe haven. The main reason is the new news about the war in Russia - Ukraine.

Russia and Ukraine accused each other of sabotaging the ceasefire agreement by launching large-scale attacks on energy infrastructure. Immediately after the agreement to stop attacking each other's energy infrastructure for 30 days.

Gold prices rose to an all-time high on another account: better-than-expected US labor market data. The US Department of Labor reported that initial jobless claims for the week ending March 22 came in at a seasonally adjusted 224,000, slightly below the forecast of 225,000. This also represented an improvement from the previous week (which was revised up to 225,000).

In addition, the four-week average of jobless claims – often considered a more stable measure because it minimizes week-to-week fluctuations – also recorded 224,000, lower than the forecast of 228,000 and down from the previous week's average (228,750).

In addition, the number of people receiving unemployment benefits (continuing applications) in the week ending March 15 also decreased to 1.856 million, lower than both the expectation (1.89 million) and the previous week's revised figure (1.881 million). These positive signals show that the US labor market is still stable, but at the same time, they also strengthen the price of gold as a safe investment channel in the context of global economic instability.

US gold futures rose 1.1% to $3,056.10 an ounce, after hitting a record $3,065.50 earlier in the session. Gold is considered a safe haven in times of economic and political uncertainty and tends to rise sharply when interest rates are low.

Meanwhile, the latest estimate from the Atlanta Fed’s GDP forecast tool shows the economy could shrink 1.8% this quarter. Concerns about slowing growth are helping push gold prices above $3,000 an ounce.

Last week, the US Federal Reserve (Fed) decided to keep interest rates unchanged but hinted that it could cut them later this year. Investors are now waiting for US personal consumption expenditure (PCE) data, due on Friday, to predict the possibility of the Fed continuing to cut interest rates. Mr. Haberkorn said that if the PCE data is better than expected, gold prices could rise more strongly because the Fed will have more grounds to cut interest rates.

Besides gold, spot silver prices rose 0.6% to $33.90 an ounce, while platinum prices fell 0.5% to $970.25 an ounce. Palladium edged up 0.4% to $972.42 an ounce.

Gold price forecast

In another development, Goldman Sachs raised its forecast for gold prices by the end of 2025 to $3,300 an ounce (from $3,100 an ounce previously), due to stronger-than-expected inflows into ETFs and steady central bank demand for gold.

Gold prices could soon hit $3,100 an ounce, driven by increased demand for safe haven gold, driven by uncertainty surrounding Trump’s tariff plans, said Bob Haberkorn, senior market strategist at RJO Futures.

Aakash Doshi, global head of gold at SPDR ETF Strategy, predicts that gold prices could surpass $3,100 an ounce in the second quarter of this year. He believes that if macro factors and market demand remain stable, gold prices could rise another 8% to 10% by the end of 2025.

Investors are now awaiting the US personal consumption expenditure (PCE) data to be released on March 28. This information is considered an important indicator to assess the possibility of the US Federal Reserve (Fed) adjusting interest rates in the near future.

According to Ilya Spivak – Director of Global Macro at Tastylive – the level of $3,057/ounce, the peak of March, is the nearest resistance zone for gold. If this level is broken, the price of gold will head to the next level of $3,100/ounce.

In an interview with Kitco News, Jigna Gibb, head of commodity and cryptocurrency index products at Bloomberg, said that as inflation continues to erode the purchasing power of currencies, gold and Bitcoin are becoming increasingly popular as alternative tools and portfolio allocations.

In Bank of America's latest report, analysts expect the average gold price in 2025 to be around $3,063/ounce and continue to increase to $3,350/ounce in 2026. These forecasts are much higher than previous estimates.

BofA also noted that if investment demand increases by 10%, spot gold prices could hit $3,500 an ounce within the next two years. In addition, central banks currently hold about 10% of their foreign exchange reserves in gold, and this ratio could rise to over 30% in the future.

Société Générale Bank has also just forecasted that the average gold price will reach about 3,300 USD/ounce in the fourth quarter of 2025. If geopolitical tensions increase, the price of 4,000 USD/ounce is completely achievable. In this context, it is understandable that central banks continue to buy gold to protect the value of foreign exchange reserves.