Gold price today March 10, 2025 recorded gold bars in the domestic market at the highest level in history. Experts commented that the rare convergence of gold demand from the East and the West is pushing up the price of precious metals.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 91,700 | 93,200 |
| HCMC - SJC | 90,900 | 92,900 |
| Hanoi - PNJ | 91,700 | 93,200 |
| Hanoi - SJC | 90,900 | 92,900 |
| Da Nang - PNJ | 91,700 | 93,200 |
| Da Nang - SJC | 90,900 | 92,900 |
| Western Region - PNJ | 91,700 | 93,200 |
| Western Region - SJC | 90,900 | 92,900 |
| Jewelry gold price - PNJ | 91,700 | 93,200 |
| Jewelry gold price - SJC | 90,900 | 92,900 |
| Jewelry gold price - Southeast | PNJ | 91,700 |
| Jewelry gold price - SJC | 90,900 | 92,900 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 91,700 |
| Jewelry gold price - Jewelry gold 999.9 | 90,600 | 93,100 |
| Jewelry gold price - Jewelry gold 999 | 90,510 | 93,010 |
| Jewelry gold price - Jewelry gold 99 | 89,770 | 92,270 |
| Jewelry gold price - 916 gold (22K) | 82,880 | 85,380 |
| Jewelry gold price - 750 gold (18K) | 67,480 | 69,980 |
| Jewelry gold price - 680 gold (16.3K) | 60,960 | 63,460 |
| Jewelry gold price - 650 gold (15.6K) | 58,170 | 60,670 |
| Jewelry gold price - 610 gold (14.6K) | 54,440 | 56,940 |
| Jewelry gold price - 585 gold (14K) | 52,110 | 54,610 |
| Jewelry gold price - 416 gold (10K) | 36,380 | 38,880 |
| Jewelry gold price - 375 gold (9K) | 32,560 | 35,060 |
| Jewelry gold price - 333 gold (8K) | 28,370 | 30,870 |
Update gold price today 3/10/2025
Domestic gold prices have a breakthrough week.
The market has seen gold prices fluctuate strongly in a continuous upward direction. At one point, the gold price reached its record peak of VND93.1 million/tael and then adjusted down again. However, the price of gold bars is still at its highest level in history.
At the end of last week, the price of SJC gold increased by 2.4 million VND per tael, to 90.90 - 92.90 million VND/tael. During the week, the selling price of SJC gold reached a historical record set less than a month ago, which was 93.1 million VND/tael.
Gold rings also recorded a similar increase. Some gold ring brands closed the week as follows: Bao Tin Minh Chau gold rings listed at 91.70 - 93.30 million VND/tael; DOJI rings 91.60 - 93.20 million VND/tael; Phu Quy rings 91.60 - 93.20 million VND/tael; SJC 999.9 rings 90.90 - 92.80 million VND/tael...
World gold prices had a strong recovery week.
The spot precious metal started the trading week at $2,858 an ounce and closed the week around $2,911 an ounce.
The latest Kitco News weekly gold survey shows bullish sentiment is back in full swing, with two-thirds of industry professionals and retail traders betting on higher gold prices in the coming week.
According to many experts, stock market jitters and inflation concerns are enough to keep gold prices up in the short term.
At the same time, experts also said that it seems that long-term investors in the market have not paid attention to technical or fundamental analysis, they are simply looking for a safe haven market considering the continuous geopolitical turmoil and increased volatility created by the US administration and its allies.
Last week, 18 analysts participated in the Kitco News Gold Survey.
Specifically, up to 12 experts (equivalent to 67%) expect gold prices to increase next week, while only 1 analyst (equivalent to 5%) predicts the price of this precious metal will decrease. 5 experts (equivalent to 28%) predict that the precious metal will continue to consolidate next week.
Meanwhile, of the 251 votes cast in Kitco's online poll, 67% expect gold prices to move higher next week, 18% expect the yellow metal to trade lower, and the remaining 26% expect gold to trend sideways in the near term.
According to experts, gold prices are consolidating their upward momentum with many factors as the conflict in Ukraine has not yet calmed down, the US President's tariff policy has raised concerns about global economic instability while the US Federal Reserve (Fed) has not reduced interest rates as expected.
Meanwhile, central banks of countries also continue to increase gold reserves, boosting demand for this precious metal.
 |
| Gold price today March 10, 2025: Will gold price continue to break out, surpassing historical peak? Experts have faith. (Source: Bloomberg) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of March 9:
Saigon Jewelry Company SJC: SJC gold bars 90.9 - 92.9 million VND/tael; SJC gold rings 90.9 - 92.8 million VND/tael.
DOJI Group: SJC gold bars 90.7 - 92.7 million VND/tael; 9999 round rings (Hung Thinh Vuong) 91.4 - 93.0 million VND/tael.
PNJ system: SJC gold bars 90.9 - 92.9 million VND/tael; PNJ 999.9 plain gold rings at 91.7 - 93.2 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 90.9 - 92.9 million VND/tael; Phu Quy 999.9 round gold rings: 91.6 - 93.2 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 90.9 - 92.9 million VND/tael; round gold ring price is 91.7 - 93.3 million VND/tael.
History with gold may be repeating itself...
Mr. Tavi Costa, macro strategist, partner of Crescat Capital, commented that the rare convergence of gold demand from the East and the West is pushing up the price of precious metals.
"History may be repeating itself and a re-valuation of gold is entirely possible. Historically speaking, the precious metal could rise to unprecedented levels if the US revalues its gold reserves relative to its outstanding government bonds," said Mr. Costa.
Currently, the amount of US government bonds outstanding is about 36 trillion USD, while the value of the country's gold reserves accounts for only about 2% of that number.
For comparison, in the 1970s, the rate was 17%, and in the 1940s, the figure was as high as 40%.
This expert analyzed: "If the US brings this ratio back to 17%, the price of gold could reach $25,000/ounce. If it returns to 40%, gold could reach $55,000/ounce. These are not price targets, but numbers that reflect the possibility that gold can be revalued based on economic factors."
Mr. Costa also pointed out a notable point: Central banks are accumulating gold at the highest rate in the past 50 years, while the gold reserves of the world's largest economy are at the lowest level in 90 years.
According to him, this could create pressure for the US to reconsider its policy on gold, especially in the context of the USD being overvalued.
Source: https://baoquocte.vn/gia-vang-hom-nay-1032025-gia-vang-se-tiep-tuc-but-pha-vuot-dinh-lich-su-chuyen-gia-dat-niem-tin-306897.html
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