Gold price developments in 2024 show that the world gold price has broken many records, from the milestones of 2,500 USD/ounce, 2,600 USD/ounce, 2,700 USD/ounce to the record peak of nearly 2,790 USD/ounce. As of December 24, the world gold price was trading around 2,616 USD/ounce and only one week left until the end of the year.

What will the price of gold be in 2025?

Sharing with VietNamNet reporter, gold expert Tran Duy Phuong assessed that the gold price trend in the last days of 2024 will be around 2,600-2,650 USD/ounce. If the year ends at this level, it will still be a strong increase in gold prices compared to the beginning of the year, about 30%.

Regarding the gold price in 2025, Mr. Phuong predicts a downward trend. However, the market will have times when it breaks out to the 2,800, even 2,900 USD/ounce mark, but it is predicted that this mark will not be sustainable.

He said that the world gold price still increased in the first two quarters of the year, but the increase was not strong, only increasing by about 200-250 USD/ounce compared to the closing price in 2024.

“Gold prices will increase to around $2,900/ounce, unlikely to be higher. The reason is that major banks in the world may slow down the rate cuts, the Fed is expected to cut interest rates 1-2 times, geopolitical tensions in many places in the world may decrease or end... so gold prices will lose the supporting factor to increase. From the third and fourth quarters of 2025 onwards, gold prices may decline again,” Mr. Phuong commented.

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Experts predict that the price of gold rings will increase to 90 million VND/tael, and SJC gold may increase to 92-93 million VND/tael in 2025. Photo: Minh Hien

With that development, Mr. Phuong predicts that the domestic gold price in the first two quarters of next year will increase to 90 million VND/tael for gold rings and 92-93 million VND/tael for SJC gold.

However, he noted, it is very likely that from the third quarter onwards, when world gold prices are under downward pressure, domestic gold prices will also decrease.

Dr. Nguyen Tri Hieu, an economic expert, said that the price of gold in 2025 is still unknown, because it depends on President Donald Trump's economic policy and geopolitical issues in Ukraine and the Middle East.

“Domestic and world gold prices in 2025 may fluctuate. Whether the world gold price will increase back to $2,800/ounce or to $3,000/ounce as many experts predict is difficult to predict.

It is also difficult to predict whether the price of SJC gold bars and gold rings in the country will return to VND92 million/tael in 2025 or not," Mr. Hieu said.

When should I invest in gold?

According to gold expert Tran Duy Phuong, when factors support gold, now is the time for investors to consider buying gold.

“You should consider selling gold between March and May 2025 to optimize profits, because this is the time when gold prices are at their weakest every year, except for a sudden spike in 2024. You should not invest in gold from mid-2025,” Mr. Phuong advised.

Dr. Nguyen Tri Hieu analyzed that investors always want to know whether the gold price has “hit bottom” yet. If they know the “bottom”, it is time to buy. However, no one knows where the “bottom” is, because it is very possible that the domestic and world gold prices will continue to decrease.

“Therefore, investing in gold at this time is very risky; buying now may not be the lowest price and it is not certain that the price will increase in the future. You should monitor the gold price regularly. At this time when the gold price is low, you can buy, but buy cautiously. The most important thing is not to 'put all your eggs in one basket' but besides gold, you need to divide your money into other investment channels, such as bank deposits, stocks, and real estate," Mr. Hieu advised.

Dr. Nguyen Minh Phong, an economic expert, said that in 2025, gold prices will be more stable; domestic gold prices will fluctuate in line with the world market. The price gap between domestic and world markets will be narrowed. From there, the price between brands and types of gold will be narrowed, as well as the selling and buying prices will be improved.

Therefore, people should not rush or "surf" because the market has become more transparent.

However, Mr. Phong said that if you want to store gold for a long time, investing in gold is always the choice; but if you "surf" it is risky because the state has no policy to import gold to sell on the market.

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