Gold price today (March 31): Experts are optimistic about gold

Gold price today (March 31): Experts say that the fact that gold is still holding the $3,000/ounce mark despite profit-taking pressure is a signal that gold's upward momentum is still there.

Gold price Domestic gold prices are stable. Currently, gold brands are buying at 98.4 million VND/tael and selling at 100.7 million VND/tael. Bao Tin Minh Chau gold is buying at 100,000 VND higher than other brands.

Similarly, the price of gold rings of various brands is also maintained at the same level as yesterday morning. Specifically, the price of SJC 9999 gold rings is fixed at 98.2 million VND/tael for buying and 100.4 million VND/tael for selling.

Domestic gold prices are stable. Photo: nld.com.vn

DOJI in Hanoi and Ho Chi Minh City markets kept the same price as yesterday morning at 98.4 million VND/tael for buying and 100.7 million VND/tael for selling.

PNJ brand gold ring price is anchored at 98.4 million VND/tael for buying and 100.7 million VND/tael for selling.

Bao Tin Minh Chau listed the price of plain round gold rings at 98.9 million VND/tael for buying and 100.9 million VND/tael for selling.

Phu Quy SJC is buying gold rings at 98.7 million VND/tael and selling at 100.7 million VND/tael.

Domestic gold bar prices updated at 5:30 a.m. on March 31 as follows:

Yellow	Area	Early morning 30-3				Early morning 31-3			Difference
		Buy	Sell			Buy	Sell		Buy	Sell
		Unit of measure: Million VND/tael							Unit of measure: Thousand dong/tael
DOJI	Hanoi	98.4		100.2		98.4		100.7	-	-
	Ho Chi Minh City	98.4		100.2		98.4		100.7	-	-
SJC	Ho Chi Minh City	98.4		100.2		98.4		100.7	-	-
	Hanoi	98.4		100.2		98.4		100.7	-	-
	Danang	98.4		100.2		98.4		100.7	-	-
PNJ	Ho Chi Minh City	98.4		100.2		98.4		100.7	-	-
	Hanoi	98.4		100.2	98.4			100.7	-	-
Bao Tin Minh Chau	Nationwide	98.5		100.2	98.5			100.7	-	-
Phu Quy SJC	Nationwide	98.4		100.2	98.4			100.7	-	-

World gold price today

Despite the sharp rise in gold prices last week, experts and investors remain bullish on the precious metal.

Colin Cieszynski, market strategist at SIA Wealth Management, is among those bullish on gold in the short term. "I am bullish on gold next week. Gold has rallied again and looks technically strong amid the uncertainty," Cieszynski said.

However, this expert also does not rule out the possibility that the market will witness major fluctuations, especially on April 2, when US President Donald Trump's threat to impose tariffs is expected to take effect.

Walsh Trading head of hedge John Weyer also forecasts gold to rise significantly this week, with tariff and inflation concerns continuing to be factors pushing investors into the market.

Weyer added that even as concerns about tariffs and inflation ease, there is still a lot of uncertainty and that will still be a reason for investors to seek gold.

Adrian Day, chairman of Adrian Day Asset Management, said he has reason to be bullish on gold, citing the same factors driving the precious metal’s rally as demand from central banks, Chinese consumers and North American investors.

The fact that gold easily surpassed $3,000 an ounce after the recent profit-taking shows the strength of the precious metal, according to Rich Checkan, chairman and CEO of Asset Strategies International.

Experts remain optimistic about gold in the short term. Photo: Kitco

James Stanley, senior market strategist at Forex.com, said the bulls still have the upper hand and are unlikely to give up anytime soon. Gold’s ability to hold support at $3,000 an ounce has not changed his view on the direction of gold.

Gold continues to rise even as it enters uncharted territory, says Alex Kuptsikevich, senior market analyst at FxPro. He predicts that gold will reach $3,180 an ounce in the coming weeks and $3,400 an ounce by the end of the summer.

In the current context, analysts at CPM Group predict the price will increase to $3,200/ounce and advise gold investors to hold long-term or buy.

Investors will be watching this week to see whether President Donald Trump’s tariff threat materializes, while markets are also awaiting the March non-farm payrolls report. Analysts say both are likely to boost gold’s appeal as a safe haven.

With the domestic gold bar price stable and the world gold price listed at Kitco at 3,085.7 USD/ounce (equivalent to about 95.8 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 4.9 million VND/tael.

Source: https://baolangson.vn/gia-vang-hom-nay-31-3-chuyen-gia-lac-quan-ve-vang-5042614.html