Gold price on March 25, 2025: Decreased by 200,000 VND/tael

Illustration photo. Photo: Internet

Specifically, at 9:10 a.m., Bao Tin Minh Chau Company listed the price of gold bars and gold rings at 95.7 - 98.4 million VND/tael (buy - sell), down 300,000 VND/tael for buying and down 200,000 VND/tael for selling compared to yesterday's closing price.

Meanwhile, the price of gold bars announced by DOJI Gold and Gemstone Group and Saigon Jewelry Company (SJC) fluctuated at 94.9 - 97.4 million VND/tael (buy - sell), down 200,000 VND/tael in both trading directions compared to the previous session.

In the international market, gold fell in the trading session on March 24 when the USD hit its highest level in more than two weeks, while investors considered US President Donald Trump's more cautious stance on tariff policy towards trade partners.

Accordingly, spot gold price decreased 0.6% to 3,006.84 USD/ounce, while US gold futures contract closed at 3,015.60 USD/ounce, down 0.2%.

“Gold prices have been hitting record highs for some time now and the market is consolidating those gains,” said Bart Melek, head of commodity strategy at TD Securities.

Gold has long been seen as a safe haven in times of geopolitical and economic uncertainty, and tends to rise when interest rates remain low. The precious metal has set 16 price records this year, including an all-time high of $3,057.21 an ounce last week.

At the same time, the US dollar rose 0.2% and hit a more than two-week high on March 24, making gold more expensive for investors holding other currencies.

On March 21, Mr. Trump hinted at the possibility of flexible adjustments to the reciprocal tariffs scheduled to take effect on April 2, a policy that is expected to impact inflation and slow economic growth.

The US Federal Reserve (Fed) decided to keep interest rates unchanged at its latest policy meeting and forecast two rate cuts this year, each by 0.25 percentage points. Investors are now awaiting data on the Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation gauge, due on March 28.

“We forecast gold prices could head towards $3,150 an ounce or higher by the end of the year as the Fed begins to ease monetary policy,” said Mr. Melek.

Cao Thong (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-25-3-2025-giam-200-000-dong-luong/20250325093911572