World down, domestic up

Gold price today (March 25): Contrary to the developments in the world gold market, domestic gold prices increased sharply.

Domestic gold price today

Domestic gold bar prices increased sharply in the buying direction. Currently, gold brands are buying at 95.1 million VND/tael and selling at 97.6 million VND/tael. Bao Tin Minh Chau gold alone is buying at 200,000 VND higher than other brands.

Similarly, the price of gold rings of various brands was also adjusted up. Specifically, the price of SJC 9999 gold rings was adjusted up by 700,000 VND for buying and 400,000 VND for selling, up to 95 million VND/tael for buying and 97.4 million VND/tael for selling, respectively.

Domestic gold prices increase. Photo: tuoitre.vn

DOJI in Hanoi and Ho Chi Minh City markets adjusted up 200,000 VND in both directions to 95.8 million VND/tael for buying and 98.4 million VND/tael for selling, respectively.

PNJ brand gold ring price is listed at 95.9 million VND/tael for buying and 98.4 million VND/tael for selling, an increase of 200,000 VND for buying price and 100,000 VND for selling price.

Bao Tin Minh Chau listed the price of plain round gold rings at 96 million VND/tael for buying and 98.5 million VND/tael for selling, an increase of 200,000 VND for buying price and 100,000 VND for selling price.

Phu Quy SJC is buying gold rings at 95.8 million VND/tael and selling at 98.5 million VND/tael, up 500,000 VND and 200,000 VND respectively.

Domestic gold bar prices updated at 5:30 a.m. on March 25 as follows:

Yellow	Area	Early morning 24-3	Early morning 25-3	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	94.4	97.4	95.1	97.6	+700	+200
Ho Chi Minh City	94.4	97.4	95.1	97.6	+700	+200
SJC	Ho Chi Minh City	94.4	97.4	95.1	97.6	+700	+200
Hanoi	94.4	97.4	95.1	97.6	+700	+200
Danang	94.4	97.4	95.1	97.6	+700	+200
PNJ	Ho Chi Minh City	94.4	97.4	95.1	97.6	+700	+200
Hanoi	94.4	97.4	95.1	97.6	+700	+200
Bao Tin Minh Chau	Nationwide	94.8	97.4	95.3	97.6	+500	+200
Phu Quy SJC	Nationwide	94.6	97.4	95.1	97.6	+500	+200

World gold price today

World gold prices fell, with spot gold down $12.2 to $3,012.2 an ounce. Gold futures last traded at $3,045 an ounce, down $11 from early this morning.

Gold fell in early trading on Monday, pressured by a stronger US dollar. The US Dollar Index rose 0.2% to its highest level in more than two weeks, making greenback-denominated bullion more expensive for buyers holding other currencies.

Gold has been hitting record after record and now the market is just consolidating those gains, said Bart Melek, head of commodity strategy at TD Securities.

A hedge against geopolitical and economic uncertainty and typically thriving in low-interest-rate environments, gold has hit record highs 16 times this year and hit an all-time high of $3,057.21 an ounce last week.

World gold price remains above 3,000 USD/ounce. Photo: Getty Images

Investors are now appreciating President Donald Trump’s more cautious stance on tariffs on trading partners. Last week, Trump hinted at some flexibility on the tariffs, which are set to take effect on April 2.

Regarding interest rates, Chicago Federal Reserve Bank President Austan Goolsbee and New York Fed President John Williams recently said that it is too early to assess the impact of Mr. Trump's tax actions on the economy.

At its second policy meeting this year, the Fed decided to keep its benchmark interest rate unchanged and left open the possibility of two 0.25 percentage point rate cuts this year. Investors are awaiting U.S. personal consumption expenditure data, the Fed's preferred inflation gauge, for further clues on the central bank's interest rate plans. The data is expected to be released on Friday.

Meanwhile, US and Russian officials held talks in Saudi Arabia aimed at making progress toward a broad ceasefire in Ukraine.

If the Saudi Arabia talks progress, gold will fall and the precious metal will be bought up fairly quickly, said Bob Haberkorn, senior market strategist at RJO Futures.

With the domestic gold bar price increasing and the world gold price listed at Kitco at 3,012.2 USD/ounce (equivalent to about 93.7 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 3.9 million VND/tael.

TRAN HO HOAI

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Source: https://baodaknong.vn/gia-vang-hom-nay-25-3-the-gioi-giam-trong-nuoc-tang-247055.html