Gold price today March 28: Domestic and world gold prices increased for the fourth consecutive week

Domestic gold price this afternoon March 28, 2025

As of 3:30 p.m. this afternoon, March 28, 2025, domestic gold prices increased sharply by nearly 2 million VND, specifically:

At Saigon Jewelry Company (SJC), the price of gold bars was listed at 98.7 million VND/tael (buy) and 100.7 million VND/tael (sell). This afternoon's gold price increased by 1.3 million VND/tael for buying and 1.8 million VND/tael for selling compared to the close of yesterday's trading session.

DOJI system listed SJC gold at buying price of 98.7 million VND/tael and selling price of 100.7 million VND/tael. This price increased by 1.3 million VND/tael for buying and 1.8 million VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, SJC gold is bought at 98.6 million VND/tael and sold at 100.2 million VND/tael. Thus, compared to yesterday's session, gold price increased by 100 thousand VND/tael for buying and 500 thousand VND/tael for selling.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 98.8 million VND/tael (buy) and 100.7 million VND/tael (sell). This price increased by 1.3 million VND/tael for buying and 1.8 million VND/tael for selling compared to yesterday.

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

The current buying price of SJC 9999 gold rings is 98.5 million VND/tael and the selling price is 100.5 million VND/tael. The gold ring price increased by 1.3 million VND/tael in buying price and 1.8 million VND/tael in selling price compared to the closing price of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price is at 98.9 million VND/tael and the selling price is at 100.7 million VND/tael, an increase of 1.7 million VND/tael in buying price - an increase of 1.2 million VND/tael in selling price compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings close to 101 million VND, at 98.8-100.8 million VND/tael (buy - sell); the price increased by 1.2 million VND/tael for buying - increased by 1.1 million VND/tael for selling.

World gold price this afternoon March 28, 2025

As of 3:30 p.m. this afternoon, March 28, the world gold price was listed at 3,066.28 USD/ounce, an increase of 30.1 USD/ounce compared to the close of yesterday's trading session.

Gold prices have broken all previous records as new tariffs imposed by US President Donald Trump have raised concerns about a more intense global trade war, sending investors flocking to gold as a safe haven.

The world gold price today hit a record high of 3,086.21 USD in the session. This week alone, gold has increased 2% and is on track to increase for the fourth consecutive week. The price of gold futures in the US also increased 1% to 3,092.50 USD.

Uncertainty surrounding tariffs, potential interest rate cuts, geopolitical conflicts, and buying demand from central banks have all pushed gold prices above the psychologically important $3,000/ounce level.

Edward Meir, an analyst at Marex, said the market is still uncertain about the retaliatory measures from other countries, which adds to the appeal of gold. Trump’s retaliatory tariffs, which are expected to take effect on April 2, could increase inflation, stifle economic growth and escalate trade disputes.

Analysts at BMI stressed that they remain bullish on the gold price outlook, as the precious metal continues to benefit from US policy uncertainty, trade tensions, global military conflicts, inflation concerns and macroeconomic uncertainties.

Richmond Fed President Tom Barkin asserted that the central bank's current "moderately tight" monetary policy is appropriate amid high levels of uncertainty and rapid policy changes from the US government.

The market is now awaiting US personal consumption expenditure (PCE) data due out later in the day, a key indicator that could influence interest rate expectations going forward.

Meanwhile, silver prices held steady at $34.41 an ounce. Platinum edged down 0.1% to $985.34 while palladium rose 0.5% to $980.14. All three precious metals are on track for the week.

Gold price forecast

According to Kyle Rodda, financial market analyst at Capital.com, gold prices are benefiting from many factors: US trade and fiscal policy, geopolitical tensions and slowing growth. He believes that the $3,100/ounce mark will be the next important milestone for gold prices.

According to Mr. Aakash Doshi - Global Head of Gold at SPDR ETF Strategy, gold prices are likely to surpass the threshold of 3,100 USD/ounce in the second quarter of 2025. If macro factors and market demand remain stable, prices could increase by 8-10% by the end of the year.

Technically, the gold market has a short-term upside advantage. Buyers are aiming to break above the key resistance level at $3,100/ounce. Meanwhile, sellers are trying to push prices below the support level of $2,900/ounce.

Notable price levels, nearest resistance at $3,071.3 and $3,085/ounce. Nearby support at $3,050 and $3,022.3/ounce

Peter Grant from Zaner Metals said that if gold breaks the current record, prices could reach $3,150 an ounce. Meanwhile, Bank of America (BofA) has just revised up its average gold price forecast to $3,063 for 2025 and $3,350 for 2026, significantly higher than its previous forecast.

George Milling-Stanley of State Street Global Advisors said that the current neutral stance of the Fed will not put much pressure on gold prices in the near term. Key supporting factors include uncertainty about US trade policy and safe-haven demand.

Investors are now waiting for the US personal consumption expenditure (PCE) data, scheduled to be released 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 basis to cut interest rates.

For silver, the price has maintained its three-month uptrend despite the volatility. Bulls are aiming to break above the resistance at $35.80, while bears are looking to push the price below $32.215. Near-term resistances are at $34.56 and $35, while near-term support is at $34 and $33.38.