Gold price today March 17, 2025: World gold prices have just set a new peak, surpassing the 3,000 USD/ounce mark for the first time in history, with optimism prevailing. Domestic gold prices follow the world trend, recording unprecedented increases, creating a "fever" in the market. Experts warn of great risks when buying gold at high prices.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 94,500 | 96,200 |
| HCMC - SJC | 94,300 | 95,800 |
| Hanoi - PNJ | 94,500 | 96,200 |
| Hanoi - SJC | 94,300 | 95,800 |
| Da Nang - PNJ | 94,500 | 96,200 |
| Da Nang - SJC | 94,300 | 95,800 |
| Western Region - PNJ | 94,500 | 96,200 |
| Western Region - SJC | 94,300 | 95,800 |
| Jewelry gold price - PNJ | 94,500 | 96,200 |
| Jewelry gold price - SJC | 94,300 | 95,800 |
| Jewelry gold price - Southeast | PNJ | 94,500 |
| Jewelry gold price - SJC | 94,300 | 95,800 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 94,500 |
| Jewelry gold price - Jewelry gold 999.9 | 93,600 | 96,100 |
| Jewelry gold price - Jewelry gold 999 | 93,500 | 96,000 |
| Jewelry gold price - Jewelry gold 99 | 92,740 | 95,240 |
| Jewelry gold price - 916 gold (22K) | 85,630 | 88,130 |
| Jewelry gold price - 750 gold (18K) | 69,730 | 72,230 |
| Jewelry gold price - 680 gold (16.3K) | 63,000 | 65,500 |
| Jewelry gold price - 650 gold (15.6K) | 60,120 | 62,620 |
| Jewelry gold price - 610 gold (14.6K) | 56,270 | 58,770 |
| Jewelry gold price - 585 gold (14K) | 53,870 | 56,370 |
| Jewelry gold price - 416 gold (10K) | 37,630 | 40,130 |
| Jewelry gold price - 375 gold (9K) | 33,690 | 36,190 |
| Jewelry gold price - 333 gold (8K) | 29,360 | 31,860 |
Update gold price today 3/17/2025
World gold price soars, surpassing $3,000/ounce for the first time
However, right after reaching a new peak of 3,005 USD/ounce, the world gold price dropped to 2,984.5 USD, as many investors chose to sell to take profits.
According to the World and Vietnam records at the end of this week's trading session (March 15) on the Kitco electronic trading floor, the world spot gold price decreased by 4.1 USD to 2,985.5 USD/ounce.
The precious metal has risen 14% since the beginning of the year, partly due to concerns over US President Donald Trump’s trade policies and a slump in the US stock market. Gold is considered a safe investment in the current economic and political turmoil.
Gold enthusiasts’ renewed faith paid off last week, as the yellow metal finally broke above $3,000 an ounce, capping a strong performance in just five days. Spot gold started the week at $2,913.63 an ounce and held above $2,900 until a pullback on the afternoon of March 10 sent it tumbling to a low of $2,880. However, the slide was short-lived, as gold climbed back above $2,900 on March 11, and the yellow metal has since established “impregnable” support throughout the day’s trading session.
After a brief pullback before the weekend, traders finally pushed spot gold to a new all-time high of $3,005.04. North American traders then started to test the $2,980 support level, but it held easily and the yellow metal traded in a narrow range of $2,980 to $2,990 per ounce throughout the final session of the week (March 15).
Gold prices rose due to increased demand for safe havens due to concerns about global economic instability and global trade tensions due to the impact of US President Donald Trump's tariff policies. Gold prices were also supported by demand from central banks. China added to its gold reserves for the fourth consecutive month. Central banks are still buying gold at a record pace, avoiding dependence on the increasingly volatile dollar," said GoldCore CEO David Russell.
Expectations that the US Federal Reserve will cut interest rates also supported gold prices. Investors are now betting that the Fed will cut interest rates from June.
The latest Kitco News weekly gold survey shows that bullish sentiment is pervasive across the market, with both industry professionals and retail traders surprisingly predicting further gains in gold prices this week, despite the unprecedented levels reached last week.
Domestic gold prices are at record highs, creating a fever in the market.
The domestic gold market is witnessing strong fluctuations as the world gold price has surpassed the 3,000 USD/ounce mark for the first time in history. This move has caused the domestic gold price to escalate, with the price of SJC gold bars and the price of 9999 smooth round gold rings reaching 96 million VND and 96.5 million VND/tael, respectively. Experts warn of the risks of buying at the peak, especially when the market can adjust at any time. Investors need to be alert and avoid following the crowd to protect their assets.
In the current context, experts recommend that investors should be cautious and not borrow money to buy gold or put all their capital into precious metals. Diversifying the investment portfolio with a reasonable proportion of gold (5-10%) will help reduce risks. In addition, monitoring the Fed's moves, macroeconomic developments and geopolitical situations will help investors make wiser decisions. At this time, waiting for a correction before buying gold may be a safer choice.
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| Gold price today March 17, 2025: Gold price increases strongly, 'inviolable' support level, surprising forecast for this week? (Source: Kitco News) |
Summary of SJC gold bar prices and 9999 gold ring prices at major domestic trading brands at the closing time of last weekend's trading session (March 15):
Saigon Jewelry Company SJC: SJC gold bars 94.3 - 95.8 million VND/tael; SJC gold rings 94.2 - 95.7 million VND/tael.
DOJI Group: SJC gold bars 94.3 - 95.8 million VND/tael; 9999 round rings (Hung Thinh Vuong) 94.5 - 96.2 million VND/tael.
PNJ system: SJC gold bars 94.3 - 95.8 million VND/tael; PNJ 999.9 smooth round gold rings at 94.5 - 96.2 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 94.5 - 95.8 million VND/tael; Phu Quy 999.9 round gold rings: 95.0 - 96.5 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 94.5 - 95.8 million VND/tael; round gold ring price is 95.0 - 96.6 million VND/tael.
Gold price forecast this week?
Adrian Day, president of Adrian Day Asset Management, predicts gold prices will rise. "The strong central bank buying continues and gold will rise above $3,000 an ounce. That round number is not a barrier to foreign central banks or even foreign buyers who price gold in their own currencies."
"While President Trump may try to ease trade tensions and offer a more concrete plan, concerns abroad remain. With so much uncertainty, North American buyers are finally joining the movement into gold, adding a source of buying that has been absent for the past two years."
Darin Newsom, senior market analyst at Barchart.com , echoed the sentiment. “Neither fundamentals nor technicals matter at this point. Gold is a safe haven market at a time when the global economy and politics are in a state of deliberate volatility. That’s the safest way I can describe the situation at this point.”
Mark Leibovit, publisher of VR Metals/Resource Letter, remains neutral on the yellow metal next week.
Meanwhile, Rich Checkan, president and CEO of Asset Strategies International, predicts a decline. He said that after hitting $3,000, the market is expected to see some profit-taking before we attack $3,000 again.
James Stanley, senior market strategist at Forex.com, also predicted a decline. “I think $3,000 will attract some sellers, but it’s more of a pullback at this point than a complete market reversal.”
Sean Lusk, co-director of commercial hedging at Walsh Trading, said he could easily make the argument that gold will move in both directions in the near term as prices are driven by the daily news cycle.
The pace of change under the Trump administration is so rapid that it’s hard to predict any market even a few days out, Lusk said. “The news cycle and everything is changing so fast that it’s hard to keep up,” he said. “There’s something new coming into the market every 12 hours. Four days ago, it was this issue, and it was kicked in the bin and forgotten.”
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