Gold price today March 29, 2025: Domestic and world gold prices in the first quarter of 2025 increased the most in the past 39 years

Domestic gold price today March 29, 2025

At the time of survey at 4:30 a.m. on March 29, 2025, domestic gold prices increased rapidly, gold ring prices reached nearly 101 million VND/tael, gold bar prices exceeded 100 million VND. Specifically:

DOJI Group listed the price of SJC gold bars at 98.2-100.2 million VND/tael (buy - sell), an increase of 800 thousand VND/tael for buying - an increase of 1.3 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 98.2-100.2 million VND/tael (buy - sell), an increase of 800 thousand VND/tael in buying - an increase of 1.3 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 98-99.6 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 500 thousand VND/tael for buying and decreased by 100 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 98.3-100.2 million VND/tael (buying - selling), an increase of 800 thousand VND/tael in buying - an increase of 1.3 million VND/tael in selling compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 98.3-100.2 million VND/tael (buy - sell), gold price increased by 900 thousand VND/tael in buying - increased by 1.3 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 98.4-100.2 million VND/tael (buy - sell); an increase of 1.2 million VND/tael in buying - an increase of 700 thousand VND/tael in selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 98.6-100.6 million VND/tael (buy - sell); increased 1 million VND/tael for buying - increased 900 thousand VND/tael for selling.

The latest gold price list today, March 29, 2025 is as follows:

World gold price today March 29, 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 3070.3 USD/ounce. Today's gold price increased by 12.77 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,960 VND/USD), the world gold price is about 97.14 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.06 million VND/tael higher than the international gold price.

World gold prices are being maintained at a very high level, close to new peaks, as inflation continues to be a major concern for the US economy. The Core Personal Consumption Expenditure Index (Core PCE) increased by 0.4% last month, higher than the 0.3% increase in January. This increase exceeded the previous forecast of experts, who only expected a similar increase last month.

Inflation, as measured by the Core PCE index, has increased by 2.8% over the past 12 months, higher than the 2.7% recorded in January and also exceeding the forecast of economic experts. The higher-than-expected inflation caused the gold market to react positively, with gold prices increasing by 0.74% during the trading session.

The personal consumption expenditures (PCE) price index rose more than analysts expected. However, Peter Grant, vice president and senior metals strategist at Zaner Metals, said the data was not enough to significantly change expectations for a Federal Reserve rate cut, as the increase was only slightly higher than expected.

The world gold price yesterday, March 28, reached a record high of 3,086.21 USD/ounce – the 18th time this year. Overall, gold increased by 1.8% for the week and is on track to increase for the fourth consecutive week. Meanwhile, the gold futures price in the US also increased by 0.7%, to 3,083.20 USD.

The current world situation is very tense, especially in the Middle East when the ceasefire agreement collapsed, plus the increasingly complicated situation between Russia and Ukraine. These unprecedented geopolitical risks have caused investors to seek safe haven assets such as gold, pushing the price of gold to a record high of over 3,100 USD/ounce.

Since Trump took office for a second term in January, gold has risen more than $400 in just the first 50 days, outperforming all other major asset classes such as the S&P 500, leading technology stocks, and even Bitcoin. Gold futures for June delivery on the Comex floor have now hit a new record high of $3,117 an ounce, while silver has also surged past the important $35 an ounce threshold.

Investors are awaiting Mr. Trump’s plan to impose retaliatory tariffs, expected to be announced on April 2. Experts say the former US president’s policies could increase inflation, threaten economic growth and escalate trade tensions.

Other precious metals also rose. Silver rose 0.3% to $34.52 an ounce, platinum fell 0.2% to $983.95, and palladium rose 0.6% to $981.51. All three posted gains this week.

Gold price forecast

From a technical analysis perspective, gold prices have broken the important psychological level of $3,000/ounce and may be aiming for a target of $4,000/ounce in the near future.

However, rising gold prices too quickly could lead to temporary corrections. If gold prices fall below important support levels such as $3,000 or further below $2,800, the market will face the risk of a sharp correction.

In the context of the hot gold price, many large banks on Wall Street have continuously raised their gold price forecasts. Analysts at Bank of America (BofA) recently increased their gold price forecast from $3,000 to $3,500 in the next 18 months.

The main reason given is that investors are expected to increase their gold purchases by about 10%, especially from China, central banks around the world, along with ETFs that hold physical gold.

Not only Bank of America, Macquarie Group also made a similar prediction when it said that gold prices could reach $3,500 in the third quarter of this year. Even analysts at JPMorgan were more daring when they asked whether gold prices could reach $4,000 in the near future.

JPMorgan explained that it took only 210 days for gold to rise from $2,500 to $3,000, significantly faster than the previous $500 increases (averaging about 1,700 days). With the current rapid increase and the increasing attractiveness of gold in the eyes of investors, the bank believes that the possibility of gold reaching $4,000 may not be far away.

Sharing the same view, Goldman Sachs recently raised its gold price forecast to $3,300 by the end of this year, up from its previous forecast of $3,100 in late February. Two Goldman Sachs analysts, Lina Thomas and Daan Struyven, said central banks have been buying more than 1,000 tons of gold per year for three consecutive years, and this trend is likely to continue into 2025.

Goldman Sachs also noted that demand for gold-backed ETFs has also increased more than expected, especially as investors seek to protect their assets in an uncertain economic environment. If this demand continues to accelerate and reach the high levels seen during the Covid-19 pandemic in 2020, gold prices could even reach $3,680 by the end of this year.