Gold prices today, March 12, 2025, increased strongly thanks to the red US stock market and the sharp decline of the USD. Uncertainty related to trade wars and global economic recession are both beneficial for gold and these factors can push the precious metal to a record high.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 92,000 ▲200K | 93,400 ▲50K |
| HCMC - SJC | 91,000 ▲100K | 93,000 ▲100K |
| Hanoi - PNJ | 92,000 ▲200K | 93,400 ▲50K |
| Hanoi - SJC | 91,000 ▲100K | 93,000 ▲100K |
| Da Nang - PNJ | 92,000 ▲200K | 93,400 ▲50K |
| Da Nang - SJC | 91,000 ▲100K | 93,000 ▲100K |
| Western Region - PNJ | 92,000 ▲200K | 93,400 ▲50K |
| Western Region - SJC | 91,000 ▲100K | 93,000 ▲100K |
| Jewelry gold price - PNJ | 92,000 ▲200K | 93,400 ▲50K |
| Jewelry gold price - SJC | 91,000 ▲100K | 93,000 ▲100K |
| Jewelry gold price - Southeast | PNJ | 92,000 ▲200K |
| Jewelry gold price - SJC | 91,000 ▲100K | 93,000 ▲100K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 92,000 ▲200K |
| Jewelry gold price - Jewelry gold 999.9 | 90,800 | 93,300 |
| Jewelry gold price - Jewelry gold 999 | 90,710 | 93,210 |
| Jewelry gold price - Jewelry gold 99 | 89,970 | 92,470 |
| Jewelry gold price - 916 gold (22K) | 83,060 | 85,560 |
| Jewelry gold price - 750 gold (18K) | 67,630 | 70,130 |
| Jewelry gold price - 680 gold (16.3K) | 61,090 | 63,590 |
| Jewelry gold price - 650 gold (15.6K) | 58,300 | 60,800 |
| Jewelry gold price - 610 gold (14.6K) | 54,560 | 57,060 |
| Jewelry gold price - 585 gold (14K) | 52,230 | 54,730 |
| Jewelry gold price - 416 gold (10K) | 36,460 | 38,960 |
| Jewelry gold price - 375 gold (9K) | 32,640 | 35,140 |
| Jewelry gold price - 333 gold (8K) | 28,440 | 30,940 |
Update gold price today 3/12/2025
Domestic gold prices increase/decrease in opposite directions.
At the end of the trading session on March 11, Saigon Jewelry Company (SJC) listed gold bar prices at VND91 million/tael (buy) and VND93 million/tael (sell), an increase of VND100,000/tael compared to the previous trading session.
DOJI system listed SJC gold at 91 million VND/tael (buy) and 93 million VND/tael (sell), an increase of 100 thousand VND/tael compared to the previous day.
Meanwhile, Bao Tin Minh Chau Company Limited listed the price of SJC gold at 90.8 million VND/tael (buy) and 92.8 million VND/tael (sell), down 100,000 VND/tael from the previous day.
World gold prices jumped strongly thanks to the red US stock market and the sharp decline of the USD.
In the early morning of March 11 (Vietnam time), the stock market sold off, causing the Dow Jones index to drop sharply by 900 points, the Nasdaq to drop by 727 points, and the S&P 500 to drop by 155 points. The reason is believed to be that stock investors are increasingly concerned that trade tariffs will cause an economic recession in the US.
Meanwhile, the US dollar has also been shunned by investors, causing its value to fall further. The US dollar index is still hovering near a four-month low, making gold cheaper for buyers holding other currencies.
According to the World and Vietnam Newspaper at 6:22 p.m. on March 11, the world gold price on the Kitco exchange was at 2,913.2 - 2,914.2 USD/ounce, an increase of 25.10 USD compared to the previous trading session.
US President Donald Trump’s protectionist policies have roiled markets around the world. The White House chief has imposed and delayed tariffs on Canada and Mexico, while raising duties on Chinese goods. Beijing and Ottawa have responded with tariffs of their own.
Meanwhile, in the US, President Trump said the economy could face a “transition period”. But he refused to predict whether the country would face a recession, amid market concerns over his tariff decisions.
Investors are now waiting for US Consumer Price Index (CPI) data to analyze the Fed's interest rate stance.
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| Gold price today March 12, 2025: Gold price 'wins favor' with investors when USD 'falls', this series of factors can push precious metals to record highs. (Source: australianmining.com.au) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of March 11:
Saigon Jewelry Company SJC: SJC gold bars 91 - 93 million VND/tael.
DOJI Group: SJC gold bars 91 - 93 million VND/tael.
PNJ system: SJC gold bars 91.9 - 93.3 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 91 - 92.8 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 90.8 - 92.8 million VND/tael.
Gold prices could go much higher than market expectations
Commenting on the world market, senior analyst Jim Wyckoff of Kitco Metals said that despite profit-taking pressure and weakness in the stock market, this precious metal will soon witness safe-haven buying.
"Uncertainty related to trade wars and a global economic slowdown are both positive for gold and these factors could push the precious metal to record highs," Mr. Jim Wyckoff emphasized.
In the latest monthly update report, Mr. Imaru Casanova, Gold and Precious Metals Portfolio Manager and Gold Strategist Joe Foster commented: "Precious metals increased sharply in February 2025 mainly due to safe-haven demand, when the market was concerned about the trade policy of the new US administration.
The fallout from the Trump administration's policies, combined with rising inflation expectations and declining consumer confidence, has weighed on major stock indexes, further increasing the appeal of gold as an alternative investment and portfolio diversifier."
A key factor driving the gold rally has been a sharp increase in gold exchange-traded fund (ETF) holdings. Total gold ETF holdings rose 2.49% in February 2025, marking the largest monthly inflow since March 2022.
According to experts, strong gold price increases are often driven by uncontrolled inflation, a weakening USD and financial crises. However, a new factor is emerging in the precious metals market: declining confidence in the USD.
"Individuals and countries that have long used and hoarded USD are now gradually losing faith in it as a means of storing value," two experts Imaru Casanova and Joe Foster emphasized.
The above experts said that China has reduced its holdings of US Treasury bonds while increasing its gold reserves.
The two experts forecast: “The net purchase of gold by central banks began to increase sharply after the financial crisis and was accelerated after the special military operation in Ukraine.
This could be the start of a long-term trend, which is being seen as a crisis of confidence in the US dollar and this could push gold prices much higher than the market expects."
Source: https://baoquocte.vn/gia-vang-hom-nay-1232025-gia-vang-duoc-long-nha-dau-tu-khi-usd-sut-ho-loat-yeu-to-nay-co-the-day-kim-loai-quy-cao-ky-luc-307111.html
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