Gold price today March 4, 2025, Gold prices rose, supported by a weaker US dollar and safe-haven buying due to concerns about US President Donald Trump's tariff policies. Analysts said prices could reach $3,200/ounce in certain risk scenarios.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 90,000 ▲200K | 91,000 ▲500K |
| HCMC - SJC | 89,000 ▲500K | 91,000 ▲500K |
| Hanoi - PNJ | 90,000 ▲200K | 91,000 ▲500K |
| Hanoi - SJC | 89,000 ▲500K | 91,000 ▲500K |
| Da Nang - PNJ | 90,000 ▲200K | 91,000 ▲500K |
| Da Nang - SJC | 89,000 ▲500K | 91,000 ▲500K |
| Western Region - PNJ | 90,000 ▲200K | 91,000 ▲500K |
| Western Region - SJC | 89,000 ▲500K | 91,000 ▲500K |
| Jewelry gold price - PNJ | 90,000 ▲200K | 91,000 ▲500K |
| Jewelry gold price - SJC | 89,000 ▲500K | 91,000 ▲500K |
| Jewelry gold price - Southeast | PNJ | 90,000 ▲200K |
| Jewelry gold price - SJC | 89,000 ▲500K | 91,000 ▲500K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 90,000 ▲200K |
| Jewelry gold price - Jewelry gold 999.9 | 88,400 ▲400K | 90,900 ▲400K |
| Jewelry gold price - Jewelry gold 999 | 88,310 ▲400K | 90,810 ▲400K |
| Jewelry gold price - Jewelry gold 99 | 87,590 ▲390K | 90,090 ▲390K |
| Jewelry gold price - 916 gold (22K) | 80,860 ▲360K | 83,360 ▲360K |
| Jewelry gold price - 750 gold (18K) | 65,830 ▲300K | 68,330 ▲300K |
| Jewelry gold price - 680 gold (16.3K) | 59,460 ▲270K | 61,960 ▲270K |
| Jewelry gold price - 650 gold (15.6K) | 56,740 ▲260K | 59,240 ▲260K |
| Jewelry gold price - 610 gold (14.6K) | 53,100 ▲240K | 55,600 ▲240K |
| Jewelry gold price - 585 gold (14K) | 50,830 ▲240K | 53,330 ▲240K |
| Jewelry gold price - 416 gold (10K) | 35,460 ▲160K | 37,960 ▲160K |
| Jewelry gold price - 375 gold (9K) | 31,740 ▲150K | 34,240 ▲150K |
| Jewelry gold price - 333 gold (8K) | 27,650 ▲130K | 30,150 ▲130K |
Update gold price today 3/4/2025
Domestic gold price increased on the morning of March 3
Specifically, the domestic gold price on the morning of March 3 increased sharply by 500,000 VND/tael in the context that the world gold price is expected to continue its upward trend.
Specifically, Saigon Jewelry Company (SJC) and DOJI Jewelry Group listed the selling price of SJC gold bars at VND89 - 91 million/tael (buy - sell), an increase of VND500,000/tael in both buying and selling compared to the previous session.
Bao Tin Minh Chau Company listed the price of gold bars and gold rings at 90.1 - 91.7 million VND/tael (buy - sell), an increase of 400 thousand VND/tael in both buying and selling compared to the previous session's close.
Similarly, Saigon Jewelry Company SJC listed the price of gold rings at 89 - 90.9 million VND/tael (buy - sell), an increase of 500 thousand VND/tael for both buying and selling compared to the previous session's close.
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| Gold price today March 4, 2025: Gold price skyrockets amid Trump's tariff threat and Ukraine-Russia peace deal still far away, should we stock up? (Source: Reuters) |
Summary of gold prices at major domestic trading brands at closing times of trading session on the afternoon of March 3:
Saigon Jewelry Company SJC: SJC gold bars 89.0 - 91.0 million VND/tael; SJC gold rings 89.0 - 90.9 million VND/tael.
DOJI Group: SJC gold bars 89.0 - 91.0 million VND/tael; 9999 round rings (Hung Thinh Vuong) 90.5 - 91.5 million VND/tael.
PNJ system: SJC gold bars 89.0 - 91.0 million VND/tael; PNJ 999.9 plain gold rings: 90.0 - 91.0 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 89.3 - 91.0 million VND/tael; Phu Quy 999.9 round gold rings: 90.3 - 91.7 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 89.3 - 91.0 million VND/tael. The price of round gold rings at Vang Rong Thang Long is listed at 90.6 - 91.8 million VND/tael.
Thus, compared to the morning session of March 3, at the end of the afternoon session of the same day, in the domestic market, the prices of gold bars and gold rings both tended to move sideways.
According to the World & Vietnam Newspaper , information on Kitco , as of 6:47 p.m. Vietnam time on March 3, the world gold price was listed at 2,873.0 USD/ounce, an increase of 14.9 USD/ounce compared to the previous trading session.
Converted according to USD price at Vietcombank on March 3, 1 USD = 25,780 VND, world gold price is equivalent to 89.24 million VND/tael.
World gold prices skyrocket amid geopolitical tensions
According to Reuters , the world gold price increased in the trading session on March 3, after hitting its lowest level in more than three weeks in the previous session. The price of this precious metal was supported by a weaker USD and safe-haven buying due to concerns about US President Donald Trump's tariff policy.
Spot gold rose 0.5% to $2,873.93 an ounce at 12:09 GMT. US gold futures rose 1.3% to $2,885.
The dollar index (.DXY) fell 0.6% from a more than two-week high hit in the previous session, reflecting weakness that made greenback-denominated gold cheaper for buyers holding other currencies.
"The decline in gold prices remains limited, due to the clear demand for safe havens amid rising economic growth and geopolitical uncertainties," said Han Tan, chief market analyst at Exinity Group.
Last week, Mr. Trump threatened China with an additional 10% tariff, which took effect on March 4, leading to a cumulative 20% tariff.
Although seen as a safe haven against geopolitical instability, non-yielding gold becomes less attractive to investors as interest rates rise.
Traders are awaiting the payrolls report from the world's largest economy, due later this week, for further clues on the US Federal Reserve's monetary policy.
“Our forecast for gold prices to reach $3,000 an ounce this year remains unchanged,” UBS analysts said in a report, adding that prices could reach $3,200 an ounce in certain risk scenarios.
“We see further upside potential for silver as gold prices rebound and global industrial output signals a modest recovery,” the report said.
Earlier in the same session on March 3, senior market analyst Kelvin Wong , in charge of the Asia-Pacific region of OANDA, commented that the upward trend of the gold market on March 3 could be driven by geopolitical risk factors, due to the delay in the peace agreement between Ukraine and Russia.
A tense meeting between Ukrainian President Volodymyr Zelensky and US President Donald Trump on February 28 added to the uncertainty in financial markets, which were already under pressure from weak economic data and volatility related to US trade policy.
Although gold prices have fallen below $ 2,900 an ounce as investors take profits, one market analyst says the precious metal remains well supported amid rising inflationary pressures and turmoil surrounding potential global trade wars.
Nitesh Shah , Head of European Macroeconomics and Commodities Research at WisdomTree, noted that gold is overvalued by about 15%.
“Central bank demand, China’s broader role in the market and other factors that haven’t been around long enough to be modeled accurately right now are driving gold higher,” the analyst said.
Another difficult-to-measure factor is geopolitical uncertainty. Although the Fed has shifted to a neutral monetary policy stance as inflation risks remain high, Shah said increased geopolitical turmoil will continue to support gold prices.
“President Donald Trump wants to use tariffs as a bargaining chip to achieve a range of other goals. But the risks are huge,” he said.
After a month of delay, last week Mr Trump announced he would impose a 25% tariff on goods imported from Canada and Mexico, while an additional 10% tariff would be imposed on imports from China.
The tariffs are expected to spark a trade war as both Canada and Mexico have said they will impose retaliatory tariffs on US products.
Economists have warned investors that a global trade war could push inflationary pressures higher and weaken economic activity.
“If we do get into a recessionary scenario combined with inflation, that could be a big boon for gold,” Shah said. “In that view, gold could go significantly higher than where it is now and that 15% gap would be meaningless.”
At the same time, according to this expert, solid demand from China, along with central bank buying, will support the long-term uptrend of the precious metal.
“Even if prices continue to rise, Chinese consumers will continue to buy gold because they still don’t have enough viable investment options. Unless the Chinese government comes up with some really strong stimulus plans, retail investors will continue to look to gold,” the analyst said.
Looking at central bank gold demand, Shah noted that official reserves remain quite low by historical standards, with China's gold holdings accounting for only about 5% of total reserve assets.
Source: https://baoquocte.vn/gia-vang-hom-nay-432025-gia-vang-tang-vot-giua-de-doa-thue-quan-cua-ong-trump-va-thoa-thuan-hoa-binh-nga-ukraine-con-xa-voi-co-nen-tru-hang-306219.html
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