Gold price today March 20, 2025 recorded the domestic market close to the 100 million/tael mark for both gold bars and gold rings. Experts commented that the domestic gold price did not increase due to market manipulation or control, so there is nothing to worry about.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 98,100 ▲1200K | 99,900 ▲1400K |
| HCMC - SJC | 98,000 ▲1300K | 99,500 ▲1300K |
| Hanoi - PNJ | 98,100 ▲1200K | 99,900 ▲1400K |
| Hanoi - SJC | 98,000 ▲1300K | 99,500 ▲1300K |
| Da Nang - PNJ | 98,100 ▲1200K | 99,900 ▲1400K |
| Da Nang - SJC | 98,000 ▲1300K | 99,500 ▲1300K |
| Western Region - PNJ | 98,100 ▲1200K | 99,900 ▲1400K |
| Western Region - SJC | 98,000 ▲1300K | 99,500 ▲1300K |
| Jewelry gold price - PNJ | 98,100 ▲1200K | 99,900 ▲1400K |
| Jewelry gold price - SJC | 98,000 ▲1300K | 99,500 ▲1300K |
| Jewelry gold price - Southeast | PNJ | 98,100 ▲1200K |
| Jewelry gold price - SJC | 98,000 ▲1300K | 99,500 ▲1300K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 98,100 ▲1200K |
| Jewelry gold price - Jewelry gold 999.9 | 97,400 ▲1400K | 99,900 ▲1400K |
| Jewelry gold price - Jewelry gold 999 | 97,300 ▲1400K | 99,800 ▲1400K |
| Jewelry gold price - Jewelry gold 99 | 96,500 ▲1380K | 99,000 ▲1380K |
| Jewelry gold price - 916 gold (22K) | 89,110 ▲1280K | 91,610 ▲1280K |
| Jewelry gold price - 750 gold (18K) | 72,580 ▲1050K | 75,080 ▲1050K |
| Jewelry gold price - 680 gold (16.3K) | 65,580 ▲950K | 68,080 ▲950K |
| Jewelry gold price - 650 gold (15.6K) | 62,590 ▲910K | 65,090 ▲910K |
| Jewelry gold price - 610 gold (14.6K) | 58,590 ▲850K | 61,090 ▲850K |
| Jewelry gold price - 585 gold (14K) | 56,090 ▲820K | 58,590 ▲820K |
| Jewelry gold price - 416 gold (10K) | 39,210 ▲580K | 41,710 ▲580K |
| Jewelry gold price - 375 gold (9K) | 35,110 ▲520K | 37,610 ▲520K |
| Jewelry gold price - 333 gold (8K) | 30,620 ▲460K | 33,120 ▲460K |
Update gold price today 3/20/2025
Domestic gold price is close to 100 million/tael for both gold bars and gold rings.
Specifically, at the end of the afternoon session on March 19, at Saigon Jewelry Company (SJC), the price of gold bars was listed at VND98 million/tael (buy) and VND99.5 million/tael (sell). The price of gold this afternoon increased by VND1.3 million/tael in both buying and selling directions compared to the previous day.
DOJI system listed SJC gold at buying price of 98 million VND/tael and selling price of 99.5 million VND/tael. This price increased by 1.3 million VND/tael in both buying and selling directions compared to the previous day.
Bao Tin Minh Chau Company Limited listed the price of SJC gold at VND98 million/tael (buy) and VND99.5 million/tael (sell). This price increased by VND1.3 million/tael for buying and VND1.3 million/tael for selling compared to the previous day.
Meanwhile, the price of SJC 9999 gold rings is currently buying at 98.2 million VND/tael and selling at 99.7 million VND/tael. The price of gold rings increased by 1.6 million VND/tael in both buying and selling directions compared to a day ago.
For Hung Thinh Vuong 9999 gold rings (DOJI), the buying price reached a record peak of VND98.6 million/tael and the selling price was VND100.2 million/tael, an increase of VND1.4 million/tael for buying and VND1.5 million/tael for selling compared to the previous day.
Commenting on the soaring price of domestic gold, Associate Professor Dr. Nguyen Huu Huan, University of Economics Ho Chi Minh City, pointed out that the domestic market increases following the world market. This is normal.
“The domestic gold price increase is not due to market manipulation or control, so there is nothing to worry about,” Mr. Huan said.
World gold prices jumped to a record high, as tensions in the Middle East and trade uncertainties boosted the precious metal's safe-haven status.
According to the World and Vietnam Newspaper at 7:00 p.m. on March 19, the world gold price on the Kitco exchange was at 3,037.6 - 3,038.6 USD/ounce, an increase of 3.2 USD compared to the previous trading session.
Traders are now looking at gold as a safe haven from the economic uncertainty related to tariffs, adding that the current trading environment is playing to gold's strengths as a hedging tool.
Investors are worried about the economic downturn and increased risks due to US President Donald Trump's tariff policies.
Traders are also awaiting the US Federal Reserve's (Fed) policy decision. The Fed is expected to keep its benchmark interest rate unchanged at 4.25%-4.50% at its two-day policy meeting on March 18-19 (US time).
If the FOMC (the Fed's monetary policy-making body) meeting signals that they are concerned about the negative impact of tariffs on economic growth and are inclined to keep interest rates low or cut them.
This could provide further upside momentum for gold prices, possibly even pushing them above $3,050 an ounce.
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| Gold price today March 20, 2025: Gold price 'close' to 100 million VND/tael, world price soars, growth momentum 'steady as a rock'. (Source: Reuters) |
Summary of gold prices at major domestic trading brands at closing times of trading session on the afternoon of March 19:
Saigon Jewelry Company SJC: SJC gold bars 98 - 99.5 million VND/tael.
DOJI Group: SJC gold bars 98 - 99.5 million VND/tael.
PNJ system: SJC gold bars 98.1 - 99.9 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 98.3 - 99.8 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 98 - 99.5 million VND/tael.
Gold price will reach 3,200 USD/ounce
The world gold market has firmly broken the $3,000/ounce mark.
In a recent interview with Kitco News , Chantelle Schieven, head of research at Capitalight Research, said that gold will top $3,200 an ounce this year. Despite the potential volatility, gold remains in a solid uptrend.
“I think gold will surpass its inflation-adjusted all-time high, but it won’t happen this year,” she said.
Despite her bullish view on gold this year, the expert also admitted that it is difficult to predict the impact of an economic recession on the precious metal. She explained that during recessions, investors often sell gold to raise cash to cover losses in the stock market.
Gold prices have risen more than 15% year to date, while the S&P 500 is down nearly 5% year to date and 8.5% from its all-time high last month.
"The global economy will continue to struggle as US President Donald Trump persists with his America-first policy, including imposing tariffs on imports, escalating global trade tensions.
In addition, precious metals may face some short-term challenges as Donald Trump's isolationist policies force Europe to increase spending," she predicted.
However, in the long term, Ms. Schieven said, this will continue to strengthen gold's role as an important monetary asset.
“The more instability the US creates, the more the US dollar’s power as a global reserve currency will weaken. Gold will play an important role in a world without a dominant reserve currency.
“In the coming time, central banks will continue to buy gold and reduce their dependence on the USD, thereby creating a solid price floor in the market. The price of precious metals will have some corrections, but many will see this as a good opportunity to buy,” emphasized the head of research at Capitalight Research.
Source: https://baoquocte.vn/gia-vang-hom-nay-2032025-gia-vang-map-me-moc-100-trieu-dongluong-the-gioi-phi-ma-da-tang-vung-nhu-thach-ban-308142.html
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