Gold price today March 23, 2025, gold price turned down continuously, still holding at the threshold of more than 3,000 USD/ounce. Domestic gold price evaporated 4 million VND/tael. Fund investors may still increase buying in the context of geopolitical and economic instability.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 95,700 ▼300K | 98,300 ▼200K |
| HCMC - SJC | 94,400 ▼300K | 97,400 ▼300K |
| Hanoi - PNJ | 95,700 ▼300K | 98,300 ▼200K |
| Hanoi - SJC | 94,400 ▼300K | 97,400 ▼300K |
| Da Nang - PNJ | 95,700 ▼300K | 98,300 ▼200K |
| Da Nang - SJC | 94,400 ▼300K | 97,400 ▼300K |
| Western Region - PNJ | 95,700 ▼300K | 98,300 ▼200K |
| Western Region - SJC | 94,400 ▼300K | 97,400 ▼300K |
| Jewelry gold price - PNJ | 95,700 ▼300K | 98,300 ▼200K |
| Jewelry gold price - SJC | 94,400 ▼300K | 97,400 ▼300K |
| Jewelry gold price - Southeast | PNJ | 95,700 ▼300K |
| Jewelry gold price - SJC | 94,400 ▼300K | 97,400 ▼300K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 95,700 ▼300K |
| Jewelry gold price - Jewelry gold 999.9 | 95,700 ▼200K | 98,200 ▼200K |
| Jewelry gold price - Jewelry gold 999 | 95,600 ▼200K | 98,100 ▼200K |
| Jewelry gold price - Jewelry gold 99 | 94,820 ▼200K | 97,320 ▼200K |
| Jewelry gold price - 916 gold (22K) | 87,550 ▼180K | 90,050 ▼180K |
| Jewelry gold price - 750 gold (18K) | 71,300 ▼150K | 73,800 ▼150K |
| Jewelry gold price - 680 gold (16.3K) | 64,430 ▼130K | 66,930 ▼130K |
| Jewelry gold price - 650 gold (15.6K) | 61,480 ▼130K | 63,980 ▼130K |
| Jewelry gold price - 610 gold (14.6K) | 57,550 ▼120K | 60,050 ▼120K |
| Jewelry gold price - 585 gold (14K) | 55,100 ▼110K | 57,600 ▼110K |
| Jewelry gold price - 416 gold (10K) | 38,500 ▼80K | 41,000 ▼80K |
| Jewelry gold price - 375 gold (9K) | 34,480 ▼70K | 36,980 ▼70K |
| Jewelry gold price - 333 gold (8K) | 30,060 ▼60K | 32,560 ▼60K |
Update gold price today 3/23/2025
Domestic gold prices last week hit an all-time high.
Opening the morning of March 17, domestic gold prices continued to increase.
Specifically, DOJI Gold and Gemstone Group and Saigon Jewelry Company listed the price of gold bars at 94.8 - 96.1 million VND/tael, an increase of 500 thousand VND/tael (buy - sell) in the buying direction and an increase of 300 thousand VND/tael in the selling direction compared to the previous session's closing price.
Bao Tin Minh Chau Company listed the price of gold bars and gold rings at 95 - 96.6 million VND/tael (buy - sell), an increase of 50 thousand VND/tael for buying and an increase of 100 thousand VND/tael for selling compared to the previous session's closing price.
After two sessions of strong fluctuations, by noon on March 19, the price of gold rings had reached a new peak of 100 million VND/tael. Specifically, Bao Tin Minh Chau Company listed the price of gold bars and gold rings at 98.45 - 100 million VND/tael (buy - sell), an increase of 1.2 million VND/tael for buying and 1.1 million VND/tael for selling compared to the session on March 18.
However, this was followed by a series of sharp declines. By the morning of March 22, in line with world gold prices, domestic gold prices continued to decline slightly.
Specifically, DOJI Gold and Gemstone Group and Saigon Jewelry Company listed gold bar prices at 94.4 - 97.4 million VND/tael (buy - sell), down 300,000 VND/tael in both buying and selling compared to the closing price on March 21.
Phu Nhuan Jewelry Joint Stock Company (PNJ) listed the price of gold bars and gold rings at 95.7 - 98.3 million VND/tael, down 300,000 VND/tael for buying and down 200,000 VND/tael for selling compared to the closing price on March 21.
Thus, after 3 consecutive days of setting new peaks of over 100 million VND/tael, by March 22, the gold price had returned to 97.4 million VND/tael, while the buying and selling gap widened to 3 million VND per tael. Compared to the peak set on the morning of March 20, each tael of gold bar was 2.7 - 3.9 million VND lower.
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| Gold price today March 23, 2025: Gold price plummeted unexpectedly, gold was tired of the shocking increase, but fund investors have just woken up. (Source: Kitco News) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of March 22:
Saigon Jewelry Company SJC: SJC gold bars 94.4 - 97.4 million VND/tael; SJC gold rings 94.3 - 97.0 million VND/tael.
DOJI Group: SJC gold bars 94.4 - 97.4 million VND/tael; 9999 round rings (Hung Thinh Vuong) 95.6 - 98.2 million VND/tael.
PNJ system: SJC gold bars 94.4 - 97.4 million VND/tael; PNJ 999.9 smooth round gold rings at 95.7 - 98.3 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 94.6 - 97.4 million VND/tael; Phu Quy 999.9 round gold rings: 95.3 - 98.3 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 94.8 - 97.4 million VND/tael; round gold ring price is 96.1 - 98.6 million VND/tael.
According to the World and Vietnam Newspaper , at 2:37 p.m. on March 22 (Vietnam time), the world gold price at Kitco News was at 3,024.4 USD/ounce, down 20.8 USD/ounce compared to the previous trading session.
Converted according to USD price at Vietcombank on March 22, 1 USD = 25,760 VND, world gold price is equivalent to 93.86 million VND/tael.
World gold price drops sharply
World gold prices recorded their third consecutive week of increase with an increase of about 1%, despite the adjustment in the last session of the week.
At the end of the week on March 21, world gold prices decreased slightly as the USD strengthened and profit-taking pressure increased, putting pressure on the price of this precious metal.
Gold futures have rallied significantly recently, largely due to concerns over new tariffs imposed by US President Donald Trump and their potential economic impact. After a significant rally, recent price action suggests that a correction may be imminent.
The US’s aggressive tariff stance has now affected its three largest trading partners. Washington currently imposes a 25% import tariff on goods from Canada and Mexico, along with a 20% tariff on imports from China.
Investors are increasingly concerned that these significant tariffs will push up consumer prices and accelerate inflation. This concern has put downward pressure on the dollar index against a basket of its currencies.
Many factors drive up gold prices
Gold futures have rallied sharply since December 18, 2024, reflecting the cumulative impact of several concerns at the same time. Geopolitical tensions in the Middle East and Ukraine, inflationary pressures, rising US debt and the implementation of Trump’s tariff policies have all contributed to the market’s performance. The combination of these factors has pushed gold futures from around $2,620 an ounce to $3,065 an ounce this month, a gain of 17%.
There was only one correction during this extended rally. From mid-December to late February, gold futures rose steadily from $2,620 an ounce to around $2,972 an ounce.
The correction began on February 24, with gold futures falling about 4.3% before finding support at $2,843 an ounce in the final week of February. This support level marked the end of the correction and the start of another rally.
Gold has gained about $217 an ounce since late February, a gain of 7.64%. However, the last two trading days have shown signs of weakening momentum. On March 20, April futures fell $4.70 an ounce. On March 21, April gold lost $24.60 an ounce, trading as low as $3,004 an ounce before recovering and settling at $3,028.20 an ounce.
The gold price rally is getting tiring
Gold prices are holding steady above $3,000 an ounce as more analysts warn investors that the market is looking a bit tired and is about to enter a period of pullback and consolidation.
While market sentiment is changing slightly, no one is ready to sell off the precious metal. We all know the factors behind this unprecedented rally, and they are not going to change anytime soon. Central banks will continue to buy gold and diversify their portfolios away from the US dollar, and global investors will continue to view gold as an important safe haven in a world facing significant economic uncertainty and rising inflationary pressures.
“This week, I want to focus more on investor demand for gold-backed investments. As I mentioned last week, this segment of the market has been slow to enter as we are just starting to see strong inflows. We expect ETFs to be the main driver of investment demand for the rest of the year,” analyst George Milling-Stanley told Kitco News.
Inflation is the biggest reason investors are finally turning to gold, analysts say. For the past few years, the risk-free bet has been to buy a three-month money market fund. Falling inflation and strong economic growth have delivered real returns for investors.
However, President Donald Trump’s trade war is starting to have an impact, as consumers are seeing higher costs. Real yields are starting to fall, reducing the opportunity cost of gold as a non-yielding asset.
Gold's opportunity cost is falling as the escalating trade war weighs on economic growth and investors look for alternative assets to diversify their portfolios.
While demand for gold-backed ETFs has increased significantly since last month, there is still a lot of potential.
Data from SPDR Gold Shares (NYSE: GLD), the world's largest gold-backed ETF, shows that its holdings have increased by more than 37 tonnes this year to 910 tonnes. However, in 2020, GLD held 1,278 tonnes of gold.
Gold holdings are down 28% from nearly five years ago, but prices have risen to nearly $1,300 an ounce. Gold has risen nearly 62% over the past 12 months, even as ETF demand has remained subdued. 2020 wasn’t even the peak of investment demand. Record GLD holdings were set in December 2012 at 1,353 tonnes.
The biggest difference between the gold market during the last two bull runs and now is that ETF demand peaked when prices peaked. In 2012, investors began liquidating their gold holdings as the global economy began to improve after the 2008 financial crisis.
In 2020, central banks and governments pumped liquidity into financial markets to support a global economy devastated by the Covid-19 pandemic. Gold benefited from this liquidity, but much of the capital flowed into stocks—until now.
Source: https://baoquocte.vn/gia-vang-hom-nay-2332025-gia-vang-cam-dau-lao-doc-ngo-ngang-vang-met-moi-voi-dot-tang-soc-nhung-nha-dau-tu-quy-moi-chi-vua-tinh-giac-308469.html
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