Gold price today March 7: Domestic gold stops falling after leaving the peak
Gold price today March 7, 2025: Domestic gold price stopped decreasing after plummeting, leaving the peak of 93 million VND. World gold price is still hovering around the threshold of 2900 USD
Domestic gold prices increase sharply
As of 10:00 this morning, domestic gold prices stopped falling after plummeting from the peak early this morning. Specifically, SJC gold bars and 9999 plain gold rings did not change in the 10:00 morning session.
At SJC Company, the price of gold bars is currently listed at 90.7 - 92.7 million VND/tael (buy - sell), unchanged in both buying and selling directions compared to the previous session. DOJI Group also recorded a price of 90.7 - 92.7 million VND/tael, unchanged compared to the closing price yesterday.
At Bao Tin Minh Chau, the price of SJC gold bars is listed at 90.7 - 92.7 million VND/tael, the price remains unchanged in both buying and selling directions compared to yesterday's closing price.
The price of 9999 round gold rings remained unchanged today. At DOJI, Hung Thinh Vuong gold rings were listed at 91.4 - 93 million VND/tael, the price remained unchanged in both buying and selling directions compared to yesterday's closing price.
Bao Tin Minh Chau listed the price of gold rings at 91.6-93.1 million VND/tael (buy - sell); both buying and selling prices remained unchanged. The difference between buying and selling prices at DOJI increased to 1.6 million VND/tael, while at Bao Tin Minh Chau it was 1.5 million VND/tael.
The latest gold price list today, March 7, 2025 is as follows:
| 1.DOJI- Updated: 06/03/2025 10:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 90,700 | 92,700 |
| AVPL/SJC HCM | 90,700 | 92,700 |
| AVPL/SJC DN | 90,700 | 92,700 |
| Raw material 9999 - HN | 91,400 | 92,400 |
| Raw material 999 - HN | 91,300 | 92,300 |
| AVPL/SJC Can Tho | 90,700 | 92,700 |
| 2.PNJ- Updated: 06/03/2025 10:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 91,500 | 92,900 |
| HCMC - SJC | 90,700 | 92,700 |
| Hanoi - PNJ | 91,500 | 92,900 |
| Hanoi - SJC | 90,700 | 92,700 |
| Da Nang - PNJ | 91,500 | 92,900 |
| Da Nang - SJC | 90,700 | 92,700 |
| Western Region - PNJ | 91,500 | 92,900 |
| Western Region - SJC | 90,700 | 92,700 |
| Jewelry gold price - PNJ | 91,500 | 92,900 |
| Jewelry gold price - SJC | 90,700 | 92,700 |
| Jewelry gold price - Southeast | PNJ | 91,500 |
| Jewelry gold price - SJC | 90,700 | 92,700 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 91,500 |
| Jewelry gold price - Jewelry gold 999.9 | 90,400 | 92,900 |
| Jewelry gold price - Jewelry gold 999 | 90,310 | 92,810 |
| Jewelry gold price - Jewelry gold 99 | 89,570 | 92,070 |
| Jewelry gold price - 916 gold (22K) | 82,700 | 85,200 |
| Jewelry gold price - 750 gold (18K) | 67,330 | 69,830 |
| Jewelry gold price - 680 gold (16.3K) | 60,820 | 63,320 |
| Jewelry gold price - 650 gold (15.6K) | 58,040 | 60,540 |
| Jewelry gold price - 610 gold (14.6K) | 54,320 | 56,820 |
| Jewelry gold price - 585 gold (14K) | 52,000 | 54,500 |
| Jewelry gold price - 416 gold (10K) | 36,300 | 38,800 |
| Jewelry gold price - 375 gold (9K) | 32,490 | 34,990 |
| Jewelry gold price - 333 gold (8K) | 28,310 | 30,810 |
| 3.AJC- Updated: 06/03/2025 10:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| Jewelry 99.99 | 9,070▼20K | 9,300▼10K |
| 99.9 Jewelry | 9,060▼20K | 9,290▼10K |
| NL 99.99 | 9,070▼20K | |
| Round ring not sealed in blister T.Binh | 9,060▼20K | |
| Round, 3A, Yellow T.Bình | 9,160▼20K | 9,310▼10K |
| Round, 3A, Yellow N.An | 9,160▼20K | 9,310▼10K |
| Round N., 3A, Yellow Street, Hanoi | 9,160▼20K | 9,310▼10K |
| SJC Thai Binh pieces | 9,070 | 9,270 |
| SJC Nghe An pieces | 9,070 | 9,270 |
| SJC Hanoi Piece | 9,070 | 9,270 |
World gold price today 3/7/2025
On the international market, as of 10:00 a.m., the world gold price was listed at 2,907.93 USD/ounce, down 17.5 USD/ounce compared to the beginning of the previous trading session.
World gold prices are trending down even though the USD is also down slightly. In yesterday's trading session, some investors took profits after gold prices rose sharply at the beginning of the week. However, when prices fell, buying pressure appeared, helping the market to stabilize.
Many investors are awaiting Friday's U.S. jobs report, which is expected to show nonfarm payrolls rising by 170,000, up from 143,000 last month.
US stocks fell sharply in mid-session as risk aversion increased as investors feared that tit-for-tat tariffs between major economies could push the world into recession.
Trade Nation expert David Morrison said that former US President Donald Trump's aggressive trade policies could have negative effects. Tariffs are one of the factors that put pressure on the economy, but they are not the only cause. There is currently much speculation about the possibility of a US recession this year.
Economic growth is forecast to slow, while inflation remains well above the Federal Reserve’s 2% target. Recent economic data has also been disappointing, with falling consumer confidence, weak retail sales and rising jobless claims.
In a positive development, the World Gold Council (WGC) said that investment demand for gold is increasing. After nearly four years of gloom, gold investment funds made large purchases in February, helping to support gold prices.
Data from the WGC shows that North American gold ETFs attracted 72.2 tonnes of gold, equivalent to $6.8 billion, which is the highest monthly net purchase since July 2020 and also a record high for previous Februarys.
Gold Price Forecast
Analyst Ross Norman said economic uncertainty will continue to weigh on gold prices. After a recent surge, gold is in a correction phase but could head towards $3,000 an ounce.
If the USD continues to weaken, gold prices may fluctuate around $2,880-2,920/ounce. Conversely, if the USD recovers or the FED signals an interest rate hike, gold prices may fall to the $2,850-2,860/ounce range.
However, some analysts warn that gold is struggling in the European market. As EU countries increase their defense budgets and military spending, investment money tends to flow into the stock market.
However, according to forecasts from the Heraeus financial group, gold prices may continue to increase in the coming days if investors' demand for safe havens remains high.
David Meger, director of metals trading at High Ridge Futures, said the tariffs are creating a lot of uncertainty in the market, making gold more attractive as investors seek safe havens amid rising trade and geopolitical tensions.
In the coming time, gold prices will be affected by many factors. Investors are particularly interested in inflation data, in which the personal expenditure index (PCE) plays an important role. In addition, fluctuations in the US dollar and demand for gold from central banks will also affect price trends. Currently, the market is waiting for more information from US economic reports to determine future developments more clearly.
In another development, China – one of the world’s largest gold buyers – has just opened its annual parliamentary session. The country reaffirmed its economic growth target of 5% by 2025, which could continue to boost gold demand in the coming time.
In addition, trade tensions between the US and China also contributed to supporting gold prices. According to the Wall Street Journal, the administration of former President Donald Trump is increasing trade pressure, while Beijing announced strong countermeasures. In this context, gold continues to be a safe investment choice for many people.
