Gold price today March 4, 2025: World and domestic gold prices rebound

Domestic gold price today March 4, 2025

At the time of survey at 4:30 a.m. on March 4, 2025, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 89 million VND/tael for buying and 91 million VND/tael for selling. Today's gold price increased by 500 thousand VND/tael 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 90.7-91.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 300 thousand VND/tael for buying and increased by 500 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 89.3-91 million VND/tael (buying - selling), an increase of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 89.3-91 million VND/tael (buy - sell), gold price increased 600 thousand VND/tael in buying direction - increased 500 thousand VND/tael in selling direction compared to yesterday.

The latest gold price list today, March 4, 2025 is as follows:

World gold price today March 4, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:00 am today, Vietnam time, was 2,872.53 USD/ounce. Today's gold price increased by 15.09 USD compared to yesterday. Converted to the USD exchange rate, on the free market (25,800 VND/USD), the world gold price is about 90.33 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 670 thousand VND/tael higher than the international gold price.

World gold prices rose slightly, from their lowest level in more than three weeks in the previous trading session. The main reason was the weakening of the US dollar and increased demand for safe-haven assets such as gold, due to concerns about US President Donald Trump's tariff policy.

The US Dollar Index (.DXY) fell 0.6% from its highest in more than two weeks, making gold cheaper for buyers using currencies other than the dollar.

Mr. Han Tan, market analyst at Exinity Group, commented: 'Gold prices are unlikely to fall further due to the increasing demand for safe assets, especially in the context of increasing geopolitical and global economic instability.'

Last week, President Trump threatened to impose an additional 10% tariff on Chinese goods, effective Tuesday, bringing the total to 20%. This worried the market and boosted investment demand for gold.

However, gold does not yield the same returns as other assets, so when interest rates rise, it becomes less attractive to investors. In the previous session, gold prices fell more than 1% after US inflation data showed that the Federal Reserve may be cautious about cutting interest rates this year.

Investors are waiting for the US jobs report due later this week for further clues on the Fed's monetary policy.

UBS analysts predict gold prices could hit $3,000 an ounce this year, and even $3,200 in some riskier scenarios. They also see silver as having the potential to rise further as gold prices stabilize and global industrial production shows signs of a modest recovery.

Prices of other metals also increased slightly. Specifically, spot silver prices increased 1.2% to 31.52 USD/ounce, platinum increased 0.8% to 955.5 USD and palladium increased 1.5% to 933.09 USD.

Gold price forecast

Although gold prices may fall in the short term, according to experts, the long-term upward trend of gold prices is still very solid. When inflation increases, many investors tend to buy gold to protect their assets. This is an important factor in maintaining the stability of gold prices in the world market.

The sharp drop in gold prices at certain times is actually just a temporary adjustment of the market to balance supply and demand. Although selling pressure still exists, experts still have a positive view on gold in the long term.

Despite speculative volatility, investment demand for gold is on the rise, according to Neils Christensen, analyst at Kitco News.

The $2,800/ounce level acts as an important support level, coinciding with the 50-day EMA. This is also a psychological level, as it was previously a resistance zone. If gold holds above this level, the upward momentum could continue in the coming time.

The market’s immediate target is $3,000 an ounce, but it appears that gold prices are facing some hurdles, which could lead to wild swings in the short term. However, amid concerns about tariffs and geopolitical tensions, demand for gold remains strong.

The main trend of gold prices is still up, and the market has not shown any signs of a major change. Therefore, instead of looking for opportunities to sell, investors are waiting to see whether gold will consolidate around the current price range or continue to break out more strongly. With the upward momentum still in place, the market momentum is still tilted towards buyers.

Major investment firms such as WisdomTree and Goldman Sachs agree that, while gold may fall in the short term, it is still possible for the price of gold to hit $3,000 an ounce this year.

Another sign of investor interest came from a report from BMO Capital Markets, which found that gold and copper were the two most popular commodities at the bank’s mining conference, while silver was a distant third with much lower interest.

While gold may still face some short-term risks, it is important to focus on the long-term prospects of the market. Overall, as a hedge against economic uncertainty, gold remains a worthwhile investment.