Gold price receives more "catalyst", increases steadily above the threshold of 3,000 USD, next milestone is 3,500 USD?

Gold price today March 28, 2025: Gold prices are steadily rising. Domestic gold ring prices are approaching the 100 million VND/tael mark. World gold prices fluctuate above the threshold of 3,000 USD/ounce, the average price this year is 3,063 USD/ounce and is it likely to increase to 3,500 USD?

1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply source - ▼ / ▲ Compared to yesterday.
Type	Buy	Sell
HCMC - PNJ	97,400 ▲700K	99,400 ▲400K
HCMC - SJC	97,400 ▲700K	98,900 ▲500K
Hanoi - PNJ	97,400 ▲700K	99,400 ▲400K
Hanoi - SJC	97,400 ▲700K	98,900 ▲500K
Da Nang - PNJ	97,400 ▲700K	99,400 ▲400K
Da Nang - SJC	97,400 ▲700K	98,900 ▲500K
Western Region - PNJ	97,400 ▲700K	99,400 ▲400K
Western Region - SJC	97,400 ▲700K	98,900 ▲500K
Jewelry gold price - PNJ	97,400 ▲700K	99,400 ▲400K
Jewelry gold price - SJC	97,400 ▲700K	98,900 ▲500K
Jewelry gold price - Southeast	PNJ	97,400 ▲700K
Jewelry gold price - SJC	97,400 ▲700K	98,900 ▲500K
Jewelry gold price - Jewelry gold price	PNJ 999.9 Plain Ring	97,400 ▲700K
Jewelry gold price - Jewelry gold 999.9	96,800 ▲400K	99,300 ▲400K
Jewelry gold price - Jewelry gold 999	96,700 ▲400K	99,200 ▲400K
Jewelry gold price - Jewelry gold 99	95,910 ▲400K	98,410 ▲400K
Jewelry gold price - 916 gold (22K)	88,560 ▲370K	91,060 ▲370K
Jewelry gold price - 750 gold (18K)	72,130 ▲300K	74,630 ▲300K
Jewelry gold price - 680 gold (16.3K)	65,170 ▲270K	67,670 ▲270K
Jewelry gold price - 650 gold (15.6K)	62,200 ▲260K	64,700 ▲260K
Jewelry gold price - 610 gold (14.6K)	58,220 ▲240K	60,720 ▲240K
Jewelry gold price - 585 gold (14K)	55,740 ▲230K	58,240 ▲230K
Jewelry gold price - 416 gold (10K)	38,960 ▲170K	41,460 ▲170K
Jewelry gold price - 375 gold (9K)	34,890 ▲150K	37,390 ▲150K
Jewelry gold price - 333 gold (8K)	30,420 ▲130K	32,920 ▲130K

Update gold price today 3/28/2025

Domestic gold prices continue to "climb" along with world gold prices.

As of the end of March 26, the price of SJC gold bars at major brands was still steadily increasing by 500,000 - 700,000 VND/tael compared to the previous session (in both buying and selling directions).

Accordingly, Saigon Jewelry Company (SJC), Doji Group, Phu Quy Group and PNJ System simultaneously listed the price of SJC gold bars at 97.4 - 98.9 million VND/tael (buy - sell). Bao Tin Minh Chau System listed at 97.5 - 98.9 million VND/tael.

The price of 9999 round smooth gold rings also recorded a significant increase, surpassing the 99 million VND/tael mark, up from 500,000 - 600,000 VND/tael compared to the previous session.

Specifically, SJC Company traded plain gold rings at 97.2 - 98.7 million VND/tael; Doji Group traded at 97.2 - 99.5 million VND/tael; PNJ system also listed at 97.2 - 99.3 million VND/tael; Phu Quy Group traded at 96.8 - 99 million VND/tael; Currently, Bao Tin Minh Chau system listed at 97.6 - 99.7 million VND/tael.

World gold prices are on a steady rise, and are receiving additional catalysts.

World gold prices rose sharply again in the afternoon session of March 27 when the US officially applied tariffs on imported cars. Concerns about a global trade war are "hotter" than ever, prompting investors to think of safe solutions.

According to the World and Vietnam Newspaper at 6:00 p.m. on March 27, the world gold price on the Kitco electronic trading floor was at 3,060.00 USD/ounce, continuing to increase sharply by 38.5 USD compared to the previous trading session.

US President Donald Trump announced a 25% tariff on imported cars and light trucks starting next week, escalating trade tensions. Investors fear the retaliatory measures, which take effect on April 2, will spur inflation, slow economic growth and escalate the trade conflict.

Meanwhile, the US Federal Reserve (Fed) kept interest rates unchanged but hinted it could cut them this year, which is favorable for gold.

Although the US economy is still considered to be stable, concerns surrounding President Donald Trump’s proposed import tariffs continue to cast a shadow over the business outlook. In such an uncertain environment, gold is further cementing its role as a safe haven investment.

Gold price today March 28, 2025: Gold price still increases steadily, still receives more catalysts, average price this year is 3,063 USD/ounce? (Source: Kitco)

Risks increase, gold could reach $3,500?

Gold’s recent rally above $3,000 has prompted major U.S. banks to raise their 2025 gold price forecasts and strengthen their long-term targets. In their latest commodities report, Bank of America analysts said they expect gold prices to average around $3,063 an ounce this year, rising to $3,350 in 2026, up from their previous forecasts of $2,750 an ounce and $2,625 an ounce.

Gold surpassing the $3,000/ounce threshold is not only a price milestone, but also reflects investors' strategic adjustment in the context of global geopolitical and economic instability. This is considered a clear response to increasing risks.

Analysts also predict that gold prices could reach $3,500 within the next two years. Last month, Bank of America said the gold market would need a 10% increase in investment demand to reach $3,500.

Looking ahead, Bank of America said concerns about the strength of the economy and expectations that the Federal Reserve will have to cut interest rates more aggressively than currently forecast will continue to support investment demand for gold for the rest of the year. The bank also noted that President Donald Trump’s “America First” policy to reduce global trade deficits could prompt central banks to diversify further away from the dollar.

Joseph Cavatoni, a strategist at the World Gold Council (WGC), said gold is being sought after as a hedge against trade tensions, volatile inflation and rising demand for safety. Since the beginning of 2025, the price of gold has increased by 15%, going from $2,500 to $3,000 an ounce in just 210 days – a rare increase.

Notably, global gold ETFs attracted $3 billion (31 tons) last week alone, marking eight consecutive weeks of inflows. This year alone, ETF gold inflows have reached 207 tons (19 billion USD), heading for the strongest first quarter since 2022.

Summary of SJC gold bar prices and 9999 gold ring prices at major domestic trading brands at the closing time of the trading session on March 27:

Saigon Jewelry Company SJC: SJC gold bars 97.4 - 98.9 million VND/tael; SJC gold rings 96.7 - 98.3 million VND/tael.

DOJI Group: SJC gold bars 97.4 - 98.9 million VND/tael; 9999 round rings (Hung Thinh Vuong) 96.7 - 99 million VND/tael.

PNJ system: SJC gold bars 97.4 - 98.9 million VND/tael; PNJ 999.9 smooth round gold rings at 96.7 - 99 million VND/tael.

Phu Quy Group: SJC gold bars 97.4 - 98.9 million VND/tael; 999.9 smooth round gold rings at 96.8 - 99 million VND/tael.

SJC gold price at Bao Tin Minh Chau is listed at 96.8 - 98.4 million VND/tael; round gold ring price is 97.5 - 98.9 million VND/tael.

Source: https://baoquocte.vn/gia-vang-hom-nay-2832025-gia-vang-nhan-them-chat-xuc-tac-tang-vung-chac-tren-nguong-3000-usd-moc-tiep-theo-la-3500-usd-309011.html