The General Statistics Office informs about the high price of gold.

Domestically, the gold price index in March increased by 4.68% compared to the previous month and by 32.68% compared to the same period last year.

Gold increases in the same direction, USD goes against the world

According to the General Statistics Office - Ministry of Finance, in March, the world gold price increased sharply and continuously reached new peaks due to the combined impact of many economic and geopolitical factors. Increasing global tensions, especially the US's new tax plan, have increased market instability.

The US Federal Reserve's (Fed) loose monetary policy, with interest rates unchanged and signals of possible cuts in the future, increased the appeal of gold.

World and domestic gold prices in March both increased compared to the previous month.

In addition, central banks, especially in Asia, have increased their gold purchases to diversify their reserves, contributing to the increase in global gold demand. Volatility in the international stock market and geopolitical instability such as the war in Ukraine and tensions in the Middle East have further reinforced gold’s role as a safe haven, contributing to the increase in gold prices.

Domestically, the gold price index in March increased by 4.68% compared to the previous month, increased by 32.68% compared to the same period last year, and increased by 10.75% compared to December 2024. On average, the gold price index increased by 31.45% in the first quarter.

Regarding the USD price movement, according to the General Statistics Office, the domestic USD price fluctuated in the opposite direction to the world price. As of March 28, the USD price index in the international market reached 103.94 points, down 3.15% compared to the previous month due to many investors expecting the Fed to cut interest rates soon, along with concerns about new US tariff policies, declining consumer confidence and fluctuations in the financial market, which reduced the demand for holding USD.

Domestically, the average USD price in the free market is around 25,685 VND/USD. The USD price index in March increased by 0.77% compared to the previous month; increased by 3.4% compared to the same period last year, increased by 0.92% compared to December 2024. On average, the USD price index in the first quarter increased by 3.63%.

CPI in March decreased by 0.03%

Overall, in the first quarter, CPI increased by 3.22% over the same period last year, core inflation increased by 3.01%. In the 0.03% decrease in CPI in March compared to the previous month, 3 groups of goods and services had price indexes decrease and 8 groups had price indexes increase.

The three groups of goods and services with price indexes decreasing include: The transportation group decreased the most with 1.41%; The food and catering services group decreased by 0.05%; The beverage and tobacco group decreased by 0.04%.

Eight groups of goods and services had price index increases, including: Housing, electricity, water, fuel and construction materials increased by 0.5% compared to the previous month; other goods and services increased by 0.21; culture, entertainment and tourism increased by 0.18; household equipment and appliances increased by 0.13; medicine and medical services increased by 0.13%; clothing, hats and footwear increased by 0.05%; education increased by 0.02% due to stationery prices increasing by 0.14%; post and telecommunications increased by 0.02%;

Core inflation in March increased by 0.25% compared to the previous month and by 3.1% compared to the same period last year. On average, core inflation in the first quarter increased by 3.01% compared to the same period last year, lower than the average CPI (up 3.22%) mainly due to the prices of food, foodstuffs, electricity, and medical services, which are factors affecting the increase in CPI but are excluded from the list of core inflation calculations.

(Source: Tien Phong)

Link: https://tienphong.vn/cuc-thong-ke-thong-tin-viec-gia-vang-tang-cao-post1731484.amp?fbclid=IwY2xjawJfW75 leHRuA2FlbQIxMAABHi6DiP5t06Pbyl-X8kZqhzztgJYGExfcLhtqcEObOjIPNXaZ9WLB_vWf2wFa_aem_l9PMMRr_2ObgjFlZTYV55Q

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