Gold price today March 5, 2025 recorded a sharp increase in the domestic market, reaching a historical peak. Regarding the world market, experts are very optimistic and believe that the price can increase much higher than 3,000 USD/ounce.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 91,500 ▲1500K | 92,700 ▲1700K |
| HCMC - SJC | 90,700 ▲1700K | 92,700 ▲1700K |
| Hanoi - PNJ | 91,500 ▲1500K | 92,700 ▲1700K |
| Hanoi - SJC | 90,700 ▲1700K | 92,700 ▲1700K |
| Da Nang - PNJ | 91,500 ▲1500K | 92,700 ▲1700K |
| Da Nang - SJC | 90,700 ▲1700K | 92,700 ▲1700K |
| Western Region - PNJ | 91,500 ▲1500K | 92,700 ▲1700K |
| Western Region - SJC | 90,700 ▲1700K | 92,700 ▲1700K |
| Jewelry gold price - PNJ | 91,500 ▲1500K | 92,700 ▲1700K |
| Jewelry gold price - SJC | 90,700 ▲1700K | 92,700 ▲1700K |
| Jewelry gold price - Southeast | PNJ | 91,500 ▲1500K |
| Jewelry gold price - SJC | 90,700 ▲1700K | 92,700 ▲1700K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 91,500 ▲1500K |
| Jewelry gold price - Jewelry gold 999.9 | 90,100 ▲1700K | 92,600 ▲1700K |
| Jewelry gold price - Jewelry gold 999 | 90,010 ▲1700K | 92,510 ▲1700K |
| Jewelry gold price - Jewelry gold 99 | 89,270 ▲1680K | 91,770 ▲1680K |
| Jewelry gold price - 916 gold (22K) | 82,420 ▲1560K | 84,920 ▲1560K |
| Jewelry gold price - 750 gold (18K) | 67,100 ▲1270K | 69,600 ▲1270K |
| Jewelry gold price - 680 gold (16.3K) | 60,620 ▲1160K | 63,120 ▲1160K |
| Jewelry gold price - 650 gold (15.6K) | 57,840 ▲1100K | 60,340 ▲1100K |
| Jewelry gold price - 610 gold (14.6K) | 54,140 ▲1040K | 56,640 ▲1040K |
| Jewelry gold price - 585 gold (14K) | 51,820 ▲990K | 54,320 ▲990K |
| Jewelry gold price - 416 gold (10K) | 36,170 ▲710K | 38,670 ▲710K |
| Jewelry gold price - 375 gold (9K) | 32,380 ▲640K | 34,880 ▲640K |
| Jewelry gold price - 333 gold (8K) | 28,210 ▲560K | 30,710 ▲560K |
Update gold price today 3/5/2025
Domestic gold prices increased by a shocking 1.7 million VND/tael in the trading session on March 4 and recorded a historical peak.
Specifically, at Saigon Jewelry Company (SJC), the price of gold bars was listed at VND90.7 million/tael (buy) and VND92.7 million/tael (sell). The price of gold this afternoon increased by VND1.1 million/tael in both buying and selling directions compared to the end of yesterday's trading session.
DOJI system listed SJC gold at buying price of 90.1 million VND/tael and selling price of 92.1 million VND/tael. This price increased by 1.1 million VND/tael in both buying and selling directions compared to yesterday.
Bao Tin Minh Chau Company Limited listed the price of SJC gold at 90.7 million VND/tael (buy) and 92.7 million VND/tael (sell). This price increased sharply by 1.4 million VND/tael for buying - increased sharply by 1.7 million VND/tael for selling compared to yesterday.
Ring gold also increased similarly to SJC gold. The price of SJC 9999 ring gold is currently bought at 90.1 million VND/tael and sold at 92 million VND/tael. The price of ring gold increased by 1.1 million VND/tael in both buying and selling directions compared to the end of yesterday's trading session.
For Hung Thinh Vuong 9999 gold ring (DOJI), the buying price increased to 91.5 million VND/tael and the selling price increased to 92.6 million VND/tael, an increase of 850 thousand VND/tael in buying price - an increase of 1.1 million VND/tael in selling price compared to yesterday.
World gold prices have been steadily rising as markets await the possible impacts from US President Donald Trump's official imposition of tariffs on imported goods from Canada, Mexico and China.
According to the World and Vietnam Newspaper at 7:12 p.m. on March 4, the world gold price on the Kitco exchange was at 2,920.7 - 2,921.7 USD/ounce, an increase of 27.5 USD compared to the previous trading session.
The order imposing a 25% tariff on imports from Mexico and Canada, along with an increase in additional tariffs on Chinese goods from 10% to 20% from March 4, potentially creates a new trade conflict between the US and its three largest trading partners.
In response to Trump's tariff announcement, China immediately imposed additional tariffs of 10% to 15% on some imported goods from the US, starting March 10, and issued a series of new export restrictions targeting specific US businesses.
Trump’s tariffs are expected to fuel inflation, prompting investors to seek safe haven gold. Gold prices have risen about 10% this year.
However, if inflation in the US rises, the Federal Reserve (Fed) may be forced to keep interest rates high for longer, which would reduce the appeal of gold, which is a non-yielding asset.
Investors are waiting for the US jobs report conducted by the ADP Research Institute and scheduled to be released on March 5, along with the February 2025 jobs report, which will be released on March 7, for more clues on the Fed's interest rate policy direction.
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| Gold price today March 5, 2025: Domestic gold price increases 'to the ceiling', the road to 3,000 USD/ounce has no more barriers. (Source: Getty) |
Summary of gold prices at major domestic trading brands at closing times on the afternoon of March 4:
Saigon Jewelry Company SJC: SJC gold bars 90.7 - 92.7 million VND/tael.
DOJI Group: SJC gold bars 90.1 - 92.1 million VND/tael.
PNJ system: SJC gold bars 91.5 - 92.7 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 90.7 - 92.7 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 90.7 - 92.7 million VND/tael.
Prices could rise much higher than $3,000 an ounce.
Commenting on the world gold market, senior market strategist Daniel Pavilonis of RJO Futures said that the market is very optimistic and prices could rise much higher than $3,000/ounce.
This expert predicts that with tariffs and the possibility of retaliation, central banks will step in and buy gold.
Sharing the same view, James Stanley, senior market strategist at Forex.com, expects gold prices to not face any major resistance before reaching $3,000/ounce.
He believes that when this historic milestone is reached, gold will remain at that price for quite a long time.
"When the US government's fiscal policies and the Fed's monetary policies are favorable for gold, the price will exceed $3,000/ounce," said Mr. James Stanley.
IG Group's analysis report shows that gold prices are currently not only affected by macroeconomic factors, but also depend on central banks' demand for gold reserves.
Experts from IG Group said that gold has different meanings for different groups of investors. Some see gold as a hedge against inflation, while others see it as a safe haven asset or an alternative to the US dollar and government bonds.
IG's report uses predictive models based on macroeconomic factors such as inflation expectations, risk appetite and real yields to make its predictions on gold prices.
"Currently, macroeconomic factors indicate that the fair value of gold is $2,906/ounce, the price that gold should achieve in current market conditions," the IG analysis team commented.
Source: https://baoquocte.vn/gia-vang-hom-nay-532025-gia-vang-trong-nuoc-tang-kich-tran-duong-den-3000-usdounce-khong-con-rao-can-306318.html
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