Gold price takes a break, testing the $3,000/ounce threshold to create momentum for a new increase

Gold price today, March 24, 2025 is forecasted to fluctuate around 3,000 USD/ounce to accumulate more, before establishing a clearer direction.

1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday.
Type	Buy	Sell
HCMC - PNJ	95,700	98,300
HCMC - SJC	94,400	97,400
Hanoi - PNJ	95,700	98,300
Hanoi - SJC	94,400	97,400
Da Nang - PNJ	95,700	98,300
Da Nang - SJC	94,400	97,400
Western Region - PNJ	95,700	98,300
Western Region - SJC	94,400	97,400
Jewelry gold price - PNJ	95,700	98,300
Jewelry gold price - SJC	94,400	97,400
Jewelry gold price - Southeast	PNJ	95,700
Jewelry gold price - SJC	94,400	97,400
Jewelry gold price - Jewelry gold price	PNJ 999.9 Plain Ring	95,700
Jewelry gold price - Jewelry gold 999.9	95,700	98,200
Jewelry gold price - Jewelry gold 999	95,600	98,100
Jewelry gold price - Jewelry gold 99	94,820	97,320
Jewelry gold price - 916 gold (22K)	87,550	90,050
Jewelry gold price - 750 gold (18K)	71,300	73,800
Jewelry gold price - 680 gold (16.3K)	64,430	66,930
Jewelry gold price - 650 gold (15.6K)	61,480	63,980
Jewelry gold price - 610 gold (14.6K)	57,550	60,050
Jewelry gold price - 585 gold (14K)	55,100	57,600
Jewelry gold price - 416 gold (10K)	38,500	41,000
Jewelry gold price - 375 gold (9K)	34,480	36,980
Jewelry gold price - 333 gold (8K)	30,060	32,560

Update gold price today 3/24/2025

Domestic gold prices remain at peak levels.

At the close of trading last week, Saigon Jewelry Company SJC listed the price of SJC gold at 94.4-97.4 million VND/tael (buy - sell). Compared to the close of trading 7 days ago (March 16), the price of SJC gold bars at Saigon Jewelry Company SJC increased by 100,000 VND/tael for buying and increased by 1.6 million VND/tael for selling.

The difference between buying and selling prices of SJC gold at Saigon Jewelry Company SJC Group also increased from 1.5 million to 3 million VND/tael.

DOJI Group listed the price of SJC gold at 94.4-97.4 million VND/tael (buy - sell). Compared to the closing price of the trading session 7 days ago (March 16), the price of SJC gold bars at DOJI increased by 100,000 VND/tael for buying and 1.6 million VND/tael for selling. The difference between the buying and selling prices of SJC gold at DOJI Group increased from 1.5 million to 3 million VND/tael.

Meanwhile, the price of 9999 Hung Thinh Vuong round gold ring at DOJI is listed at 95.6-98.2 million VND/tael (buy - sell); an increase of 700,000 VND/tael for buying and an increase of 1.9 million VND/tael for selling compared to the closing price on March 16. The difference between buying and selling is at 2.6 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 96.1-98.6 million VND/tael (buy - sell); an increase of 1.1 million VND/tael for both buying and 2 million VND/tael for selling compared to the closing price on March 16. The difference between buying and selling is at 2.5 million VND/tael.

Gold prices have been rising rapidly, continuously setting historical peaks - reaching 101 million VND/tael on March 19.

In just one year, the price of gold rings increased by about 30 million VND/tael, and SJC gold bars also increased by more than 19 million VND/tael.

The world gold price on the Kitco exchange is at 3,023.4 USD/ounce, up 38.5 USD/ounce compared to March 16.

The world gold price has experienced strong fluctuations last week. After surpassing the all-time high, the market quickly witnessed a sharp decline due to profit-taking wave of investors.

Experts still believe that this is a necessary adjustment period, and the long-term trend of precious metals is still positive.

The gold market is in a "testing" phase for investor psychology, as prices are high but there are still no clear signs of a reversal.

Gold price today March 24, 2025: Gold price takes a break, testing the threshold of 3,000 USD/ounce to create momentum for a new increase. (Source: Barrons)

Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of March 23:

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.

Gold may retest the threshold below $3,000/ounce

According to Kitco News , in the short term, the precious metal may fluctuate around $3,000/ounce to accumulate more, before establishing a clearer direction.

This is necessary after a series of strong increases and is also an opportunity for the market to "rest" and strengthen confidence.

On Wall Street, of the 18 analysts surveyed, 39% predicted gold prices would rise in the new week, 28% predicted prices would fall. 33% said prices would remain flat.

Meanwhile, in an online survey of 372 investors on Main Street, 59% believe gold prices will continue to rise in the new week, 22% think prices will fall. 19% predict gold will stabilize at current levels.

Trade Nation expert David Morrison is paying attention to whether gold can hold the $3,000 mark.

According to this expert, although gold prices have retreated slightly from the peak, they are still at a high level and there are no signs of oversold. A slight correction could be a positive signal, creating momentum for a new increase. However, if gold breaks through the $3,000/ounce mark, it does not mean that the uptrend is over.

Meanwhile, Ms. Thu Lan Nguyen from Commerzbank said that concerns about inflation are affecting gold price movements.

The US Federal Reserve (Fed) recently kept interest rates unchanged and revised its 2025 inflation forecast from 2.5% to 2.8%. This change raised concerns that continued consumer price increases would put pressure on gold.

However, not everyone believes that gold prices will only go up.

For example, Mr. Rich Checkan, Chairman of Asset Strategies International, said that gold will likely "test" the threshold below 3,000 USD/ounce at least once more before truly stabilizing at a high level.

This week could be the time when gold will retest this level.

Regarding the domestic market, Associate Professor, Dr. Tran Viet Dung and the macro research team of the Banking Science Research Institute (Banking Academy) said that in 2025, gold prices will continue to be affected by domestic and international factors.

In addition, the USD also significantly affects domestic gold prices through international gold prices and gold import costs. In the context of a slow global economic recovery and the forecast that the Fed will continue to cut interest rates in 2025, the USD may weaken. This will create pressure to increase international gold prices.

However, the State Bank of Vietnam's exchange rate management policy continues to play a key role in controlling exchange rate fluctuations, thereby controlling gold prices.

Vietnam’s monetary policy, including interest rates and money supply, also affects the ability to invest in gold domestically. Specifically, low interest rates can encourage people to shift capital flows from savings to assets such as gold and real estate.

Source: https://baoquocte.vn/gia-vang-hom-nay-2432025-gia-vang-nghi-xa-hoi-thu-thach-nguong-3000-usdounce-de-tao-da-cho-dot-tang-moi-308609.html