Gold price on March 30, 2025: Will world gold increase to 3,500 USD/ounce?

DNVN - In the trading session on March 30, 2025, the domestic and world gold markets continued their strong upward trend, continuously setting new peaks.

SJC hits record high

Domestic gold bars maintain impressive growth. Currently, major brands are listing the buying price at VND98.4 million/tael and selling price at VND100.7 million/tael. Particularly at Bao Tin Minh Chau, the buying price is VND100,000/tael higher than other brands.

The price increase also occurred for gold rings. Specifically, the price of SJC 9999 gold rings recorded an increase of VND100,000 for buying and VND300,000 for selling, reaching VND98.2 million/tael and VND100.4 million/tael, respectively.

DOJI in Hanoi and Ho Chi Minh City markets still kept the buying price from early yesterday morning at 98.4 million VND/tael, while the selling price increased by 500,000 VND, to 100.7 million VND/tael.

PNJ brand gold rings also recorded an adjustment with the buying price of 98.4 million VND/tael and the selling price of 100.7 million VND/tael, increasing by 200,000 VND and 500,000 VND respectively.

At Bao Tin Minh Chau, plain round gold rings were traded at 98.9 million VND/tael for buying and 100.9 million VND/tael for selling, an increase of 300,000 VND in both directions.

Meanwhile, Phu Quy SJC listed the buying price of gold rings at 98.7 million VND/tael and the selling price at 100.7 million VND/tael, an increase of 200,000 VND/tael in both trading directions.

World gold price

According to Kitco, at 5 a.m. Vietnam time, the world spot gold price was recorded at 3,083.39 USD/ounce. Compared to yesterday, the gold price increased by 0.28%. If converted according to the USD exchange rate on the free market (25,868 VND/USD), the world gold price is about 96.1 million VND/tael (excluding taxes and fees). Currently, the difference between SJC gold bars and the world gold price is 4.3 million VND/tael.

Forecasting market trends, financial analyst Kyle Rodda from Capital commented that factors such as US trade policy, fiscal decisions, geopolitical tensions and economic growth slowdown will continue to support global gold prices.

He believes that the next important milestone that world gold can reach is 3,100 USD/ounce.

Experts from Bank of America recently adjusted their forecast, expecting the price of gold to reach $3,500/ounce by 2027. However, with the current strong increase, many believe that this number may be lower than reality.

Not only Bank of America, Goldman Sachs has also raised its forecast, predicting that gold will reach $3,300/ounce by the end of this year. French bank Société Générale also expects gold prices to reach this level in 2025. Some analysts from major financial institutions even said that if geopolitical tensions continue to escalate, gold prices could reach $4,000/ounce.

Against this backdrop, investors are also closely watching the tariff plan that President Donald Trump is expected to announce on April 2. The US administration is moving towards applying “reciprocal” tariffs to other countries, which is expected to push up the cost of goods, negatively impact the economy and increase trade tensions. This policy will not only cause commodity prices to escalate but may also boost demand for gold as a safe haven.

Cao Thong (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-30-3-2025-vang-the-gioi-se-tang-len-3-500-usd-ounce/20250330101105133