Gold price today March 20: Domestic gold price fluctuates around 100 million

Domestic gold price this afternoon March 20, 2025

As of 4:00 p.m. this afternoon, March 20, 2025, domestic gold prices increased and then decreased slightly, hovering around the 100 million VND mark, specifically:

At Saigon Jewelry Company (SJC), the price of gold bars is listed at 97.8 million VND/tael (buy) and 99.8 million VND/tael (sell). This afternoon's gold price decreased by 200 thousand VND/tael in the buying direction - increased by 300 thousand VND/tael in the selling direction compared to the end of yesterday's trading session.

DOJI system listed SJC gold at buying price of 97.8 million VND/tael and selling price of 99.8 million VND/tael. This price decreased by 200 thousand VND/tael in buying price and increased by 300 thousand VND/tael in selling price compared to yesterday.

At Mi Hong Jewelry Company, the buying price of SJC gold is 97.5 million VND/tael and the selling price is 99.8 million VND/tael. Thus, compared to yesterday's session, the gold price decreased by 500 thousand VND/tael in the buying direction - increased by 300 thousand VND/tael in the selling direction.

Bao Tin Minh Chau Company Limited listed the price of SJC gold at 98 million VND/tael (buy) and 99.8 million VND/tael (sell). This price remained unchanged in the buying direction - increased by 300 thousand VND/tael in the selling direction compared to yesterday.

The latest gold price list today, March 20, 2025 is as follows:

	Today (March 20, 2025)		Yesterday (March 19, 2025)
	Purchase price	Selling price	Purchase price	Selling price
SJC	97,800200	99,800300	98,000	99,500
DOJI HN	97,800200	99,800300	98,000	99,500
DOJI SG	97,800200	99,800300	98,000	99,500
BTMC SJC	98,000	99,800300	98,000	99,500
Phu Quy SJC	98,000	99,800300	98,000	99,500
PNJ HCMC	98,100	99,900	98,100	99,900
PNJ Hanoi	98,100	99,900	98,100	99,900

The current buying price of SJC 9999 gold rings is 98.4 million VND/tael and the selling price is 100.3 million VND/tael. The buying price of gold rings increased by 500 thousand VND/tael - increased by 900 thousand VND/tael compared to the end of yesterday's trading session.

For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price reached a record peak of 98.7 million VND/tael and the selling price was 100.2 million VND/tael, an increase of 400 thousand VND/tael in buying price - an increase of 300 thousand VND/tael in selling price compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 98.75-100.5 million VND/tael (buy - sell); the price increased by 400 thousand VND/tael for buying - increased by 500 thousand VND/tael for selling.

World gold price this afternoon March 20, 2025

As of 4:00 p.m. this afternoon, March 20, the world gold price was listed at 3,041.93 USD/ounce, up 17.25 USD/ounce compared to the close of yesterday's trading session.

World gold prices hit an all-time high of $3,057.21 an ounce as the US Federal Reserve (Fed) signaled the possibility of cutting interest rates twice this year.

This further increases the appeal of gold amid ongoing geopolitical and economic tensions. US gold futures also rose 0.4% to $3,054.10.

Gold prices are driven by a number of factors, including market uncertainty, geopolitical tensions, a weaker US dollar and expectations of interest rate cuts in the near future, said Dick Poon, general manager of Heraeus Metals Hong Kong Ltd.

The Fed kept its benchmark interest rate unchanged at 4.25%-4.50% at its meeting on Wednesday, in line with market expectations. Policymakers forecast two more 25-basis-point rate cuts by the end of 2025. Gold prices tend to rise in low-interest-rate environments.

Fed Chairman Jerome Powell said former President Donald Trump’s early policies, including tariffs, had led to slower growth and higher inflation, at least temporarily. Trump’s tariffs also increased trade tensions and were seen as inflationary and a drag on economic growth.

Uncertainty over tariffs, potential interest rate cuts and escalating tensions in the Middle East have helped push gold prices higher, helping the metal hit 16 record highs in 2025, including four times above $3,000.

Against this backdrop, 37 Palestinians were killed in Israeli airstrikes in the Gaza Strip on Thursday, after the country resumed its bombing campaign. Given geopolitical concerns and tariff uncertainty, the outlook for gold remains positive.

However, Nicholas Frappell, head of global institutional markets at ABC Refinery, said that a correction in gold prices is possible. However, recent corrections have been short-lived and supported by strong support. He predicted that the $3,090-$3,100 level could face some resistance.

Meanwhile, spot silver prices remained unchanged at $33.8 an ounce, platinum prices fell 0.3% to $989.85, and palladium prices fell 1% to $949.50.

Gold Price Forecast

Forecasting the gold price trend, some experts believe that gold may continue to increase, but there are also cautious opinions about the possibility of short-term adjustments.

Joseph Cavatoni warned that gold prices could be volatile due to the impact of US monetary and trade policies. He said gold could continue to fluctuate around the $3,000/ounce mark, but did not rule out the possibility of short-term price declines.

The gold market could undergo a correction after a strong rally in the first quarter of 2025, according to Nicholas Frappell, market director at ABC Refinery. However, he also emphasized that buying power remains strong and previous corrections have been short-lived.

On the other hand, some experts still believe in the scenario of gold prices continuing to peak. If world gold reaches the 3,100 USD/ounce mark, domestic gold prices may go even higher.

If investors believe gold prices will continue to rise through 2025, now is the time to buy, according to Dinon Hughes, a financial advisor at Nvest Financial. Investors should focus on the long-term value of gold in their portfolios.

Expert Nguyen Quang Huy, from Nguyen Trai University, said that domestic gold prices are also affected by falling bank deposit interest rates and the real estate market has not recovered, causing many investors to switch to gold. Some people expect gold prices to continue to increase as the world gold price could reach $3,100/ounce in the second quarter of 2025.

Mr. Pawan Jain from Virginia Commonwealth University said that by mid-2025, gold could fluctuate between $3,200 - $3,300/ounce, thanks to demand from gold ETFs and long-term investors.

Gold will continue to be supported by rising inflation, falling interest rates and continued economic uncertainty, said Joseph Cavatoni, a strategist at the World Gold Council. He predicted that gold prices could surpass $3,000 an ounce in the long term.

Currencies 4 You expert Prem Raja even believes that if the current rally continues, $4,000/ounce will be the next long-term target.

Quoc Duong