Gold price today 03/09/2025, gold price fluctuates. Growing global deficits mean that the purchasing power of fiat currencies will eventually weaken, leading to higher inflation and lower growth, creating the perfect environment for gold. Buy now on dips.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 91,700 | 93,200 |
| HCMC - SJC | 90,900 ▼200K | 92,900 ▼200K |
| Hanoi - PNJ | 91,700 | 93,200 |
| Hanoi - SJC | 90,900 ▼200K | 92,900 ▼200K |
| Da Nang - PNJ | 91,700 | 93,200 |
| Da Nang - SJC | 90,900 ▼200K | 92,900 ▼200K |
| Western Region - PNJ | 91,700 | 93,200 |
| Western Region - SJC | 90,900 ▼200K | 92,900 ▼200K |
| Jewelry gold price - PNJ | 91,700 | 93,200 |
| Jewelry gold price - SJC | 90,900 ▼200K | 92,900 ▼200K |
| Jewelry gold price - Southeast | PNJ | 91,700 |
| Jewelry gold price - SJC | 90,900 ▼200K | 92,900 ▼200K |
| 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 3/9/2025
Domestic gold prices fluctuated strongly last week.
Opening the first trading session of the week on March 3, domestic gold price increased by 500 thousand VND/tael.
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.
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.
After 3 sessions in the middle of the week with strong fluctuations, including the afternoon session of March 5, the price of gold rings set a new peak, surpassing the threshold of 93 million VND/tael, until the morning session of March 7, the domestic gold price remained stable.
Specifically, DOJI Gold and Gemstone Group and Saigon Jewelry Company (SJC) both listed the selling price of SJC gold bars at 90.7 - 92.7 million VND/tael (buy - sell), keeping the same price compared to the closing price on March 6.
Bao Tin Minh Chau Company also listed the price of gold bars and gold rings at 91.6 - 93.1 million VND/tael (buy - sell), keeping the same price as the closing price on March 6.
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| Gold price today March 9, 2025: Gold price hits the floor in the context of geopolitical turmoil, analysts advise investors to take advantage of this opportunity to do one thing immediately. (Source: Kitco News) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of March 8:
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.
According to the World and Vietnam Newspaper , at 4:43 p.m. on March 8 (Vietnam time), the world gold price at Kitco News was at 2,911.5 USD/ounce, down 1.1 USD/ounce compared to the previous trading session.
Converted according to USD price at Vietcombank on March 8, 1 USD = 25,690 VND, world gold price is equivalent to 90.12 million VND/tael.
World gold prices recorded a week of increase thanks to capital flows into safe-haven assets and the US employment report reinforced the possibility of the US Federal Reserve (Fed) cutting interest rates this year.
For the week, the price of this precious metal increased by about 1.7% due to the instability caused by the constantly changing tariff policies of US President Donald Trump.
Although gold is not out of the woods yet, the market continued to show resilience, ending the week above $2,900 an ounce.
However, analysts cautioned that the price action appears to be a bit disorienting as it remains at key near-term support, at least for now. Some analysts said a new catalyst is needed to push prices above $3,000 an ounce.
It’s no surprise that gold is in a strong uptrend. The global economy has been engulfed in chaos and uncertainty, and this week has been no exception.
The week began with the United States pulling itself off the world stage as the “global policeman,” forcing Europe to scramble to support Ukraine in its conflict with Russia. As a result, the European Union (EU) has unveiled a nearly €1 trillion spending package to bolster the defenses of its member states.
This means that large deficits will continue to grow. Growing global deficits mean that the purchasing power of fiat money will eventually weaken, leading to higher inflation and lower growth, creating the perfect environment for gold.
There was even more turmoil in North America as Mr Trump launched a trade war with Mexico and Canada. Economists have been warning for months that tariffs and a global trade war would push prices higher and hurt growth, creating another stagflation-positive environment for gold. At the same time, the precious metal’s low correlation to all other asset classes makes it an attractive hedge.
“Gold prices are likely to take a breather while the market waits to see whether the US economy is entering a period of stagflation,” said Ole Hansen , head of commodity strategy at Saxo Bank.
“The risk of fiscal expansion in Europe could divert investment flows, but I see no reason why prices can’t move higher. Many of the supporting factors are already priced into gold, so now we have to wait and see what the economic impact of current developments and actions will be,” he said.
The renewed focus on Europe has spurred fresh capital flows into the euro, pushing the dollar index to its lowest level since Mr Trump won the presidential election.
In the current environment, Nicky Shiels , Head of Research & Metals Strategy at MKS PAMP, said that due to increased spending, gold against the euro is an attractive trade in the medium to long term.
Not only did gold fail to capitalize on the significant weakness in the greenback, but US economic data also failed to provide much direction for the precious metal.
Recession fears eased slightly after jobs data showed the labor market was relatively resilient. 151,000 jobs were created last month, slightly below the 160,000 economists had forecast.
On March 7, Fed Chairman Jerome Powell also reiterated the US central bank's neutral stance, saying they were in no rush to cut interest rates because the labor market remained relatively healthy and inflation risks remained high.
However, some analysts say that while the risk of a recession may have eased, the threat has only been postponed.
Naeem Aslam, chief investment officer at Zaye Capital Markets, said he sees a 20% to 25% chance of a recession this year due to persistent inflation and potential mistakes from the Fed.
“Consumer sentiment is volatile and uncertainties are looming, such as tariffs. In this context, gold has the potential to surpass $3,000 an ounce, up 28% by 2024,” he said.
Paul Ashworth, chief North America economist at Capital Economics, said that while the US economy is expected to contract in the first quarter of this year, he expects the economy to avoid a technical recession, traditionally defined as two quarters of economic decline.
While gold faces some challenges in the short term, many analysts remain bullish on the precious metal, saying they would view any dip in price as a buying opportunity.
Lukman Otunuga , chief market analyst at FXTM, said the jobs data has once again changed market expectations, with the odds of a rate cut in May dropping below 50%. He added that in the short term, this change could weigh on gold.
“While gold is still on track for the week, buyers need to hold prices above $2,856.40 an ounce,” the analyst said. “Looking ahead to next week, US CPI data, Trump’s tariff drama and the possibility of a US government shutdown could add more volatility to gold. Technically, prices are trading in a small daily range with support at $2,890 an ounce and resistance at $2,930 an ounce. A move above $2,930 an ounce could push prices to $2,950 an ounce and the psychological $3,000 an ounce. Below $2,890 an ounce, gold could test $2,860 an ounce and $2,835 an ounce.”
Since gold’s rally in October 2023, the average weekly loss has been just 0.6%. Over the past 75 weeks, gold has seen only 32 weekly declines of more than 1%. Of those, only six were weekly declines of more than 3% and two were 5%.
At the same time, the precious metal has recorded only nine consecutive weekly declines since the rally began; only two corrections lasted longer than two weeks.
“In short, gold corrections are short and shallow, so if you want to buy on the dips, you have to be quick,” said Kitco News analyst Neils Christensen.
Source: https://baoquocte.vn/gia-vang-hom-nay-932025-gia-vang-bien-dong-trong-boi-canh-dia-chinh-tri-roi-loan-gioi-phan-tich-khuyen-nha-dau-tu-tranh-thu-lam-ngay-mot-viec-306840.html
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