Gold price today March 15, 2025: The world gold future price has officially surpassed the threshold of 3,000 USD/ounce. In the country, the unprecedented upward trend has brought the price of gold rings to a new peak, exceeding 96 million VND per tael. What is happening and how long will the gold price continue to increase?
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 94,500 ▲1200K | 96,200 ▲1400K |
| HCMC - SJC | 94,300 ▲1400K | 95,800 ▲1400K |
| Hanoi - PNJ | 94,500 ▲1200K | 96,200 ▲1400K |
| Hanoi - SJC | 94,300 ▲1400K | 95,800 ▲1400K |
| Da Nang - PNJ | 94,500 ▲1200K | 96,200 ▲1400K |
| Da Nang - SJC | 94,300 ▲1400K | 95,800 ▲1400K |
| Western Region - PNJ | 94,500 ▲1200K | 96,200 ▲1400K |
| Western Region - SJC | 94,300 ▲1400K | 95,800 ▲1400K |
| Jewelry gold price - PNJ | 94,500 ▲1200K | 96,200 ▲1400K |
| Jewelry gold price - SJC | 94,300 ▲1400K | 95,800 ▲1400K |
| Jewelry gold price - Southeast | PNJ | 94,500 ▲1200K |
| Jewelry gold price - SJC | 94,300 ▲1400K | 95,800 ▲1400K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 94,500 ▲1200K |
| Jewelry gold price - Jewelry gold 999.9 | 93,600 ▲1400K | 96,100 ▲1400K |
| Jewelry gold price - Jewelry gold 999 | 93,500 ▲1390K | 96,000 ▲1390K |
| Jewelry gold price - Jewelry gold 99 | 92,740 ▲1390K | 95,240 ▲1390K |
| Jewelry gold price - 916 gold (22K) | 85,630 ▲1280K | 88,130 ▲1280K |
| Jewelry gold price - 750 gold (18K) | 69,730 ▲1050K | 72,230 ▲1050K |
| Jewelry gold price - 680 gold (16.3K) | 63,000 ▲950K | 65,500 ▲950K |
| Jewelry gold price - 650 gold (15.6K) | 60,120 ▲910K | 62,620 ▲910K |
| Jewelry gold price - 610 gold (14.6K) | 56,270 ▲850K | 58,770 ▲850K |
| Jewelry gold price - 585 gold (14K) | 53,870 ▲820K | 56,370 ▲820K |
| Jewelry gold price - 416 gold (10K) | 37,630 ▲580K | 40,130 ▲580K |
| Jewelry gold price - 375 gold (9K) | 33,690 ▲530K | 36,190 ▲530K |
| Jewelry gold price - 333 gold (8K) | 29,360 ▲460K | 31,860 ▲460K |
Update gold price today 3/15/2025
World gold prices are trading at a new record high, approaching the $3,000 threshold.
For the first time in history, gold futures have broken through the elusive $3,000 an ounce mark. The remarkable achievement follows a sharp rally from below $2,700 an ounce earlier this year. The most active gold futures contract for April delivery settled at $3,001.30, representing a stunning intraday gain of $57.90 (about 1.97%).
According to World and Vietnam records at 9:00 a.m. on March 14 (Hanoi time), the world gold price listed on the Kitco electronic floor was at 2,988.70 USD/ounce .
The weekend’s significant price action followed the release of the US Bureau of Labor Statistics’ February Producer Price Index (PPI) report. The core PPI, which excludes volatile food and energy prices, fell 0.1% from January, compared with a 0.5% increase the previous month and well below expectations of a 0.3% increase.
With the PPI report showing a cooling US economy, traders are positioning for a possible rate cut or an earlier cut. The next meeting of the Federal Open Market Committee (FOMC) is scheduled for March 18-19. However, recent inflation reports have shown that the US economy is slowing, making it unlikely that the Federal Reserve will adjust interest rates at this upcoming meeting.
While everyone has their eyes on this target, one bank said that even after gold prices break through this record level, the yellow metal's rally is not over yet.
Domestic gold prices continuously set new peaks, increasing by more than a million dong compared to the previous day.
Gold prices skyrocketed to an all-time high on March 14, surpassing all previous records, attracting many people to the gold and silver trading street on Tran Nhan Tong Street to buy and sell. However, recently, due to limited supply, major domestic brands have returned to limiting the amount of gold ring purchases, some brands have stopped selling (Doji), some brands have limited sales, with a maximum of only 1 tael.
The price of SJC gold bars on March 14 also set a new peak, with the brands SJC, PNJ, and Bao Tin Minh Chau listed at 94.1 - 95.6 million VND per tael, 1.2 million VND higher than the record set yesterday.
The price of 9999 plain round gold rings has reached a new peak, surpassing 96 million VND per tael. Each tael of plain rings has increased by more than 1 million VND, continuing to set a new peak of 96.2 million VND.
Saigon Jewelry Company (SJC) listed plain gold rings at 94 - 95.5 million VND per tael, 1.2 million VND higher than yesterday; DOJI listed the price of Hung - Thinh - Vuong gold rings at 94.8 - 96.1 million VND per tael, an increase of 1.8 million VND per tael for buying and 1.6 million VND per tael for selling compared to yesterday morning. Phu Nhuan Jewelry Company (PNJ) bought and sold gold rings at 94.3 - 96 million VND per tael; Bao Tin Minh Chau traded plain rings at 94.65 - 96.2 million VND.
Converted to the USD exchange rate at Vietcombank, the world gold price is equivalent to 92.6 million VND per tael. The difference between domestic and world gold prices is currently around 3 million VND per tael.
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| Gold price today March 15, 2025: Gold price increases rapidly, the $3,000 mark is shaky, when will the increase end? (Source: Kitco News) |
Summary of SJC gold bar prices and 9999 gold ring prices at major domestic trading brands at the closing time of the trading session on March 14:
Saigon Jewelry Company SJC: SJC gold bars 94.1 - 95.6 million VND/tael; SJC gold rings 94 - 95.5 million VND/tael.
DOJI Group: SJC gold bars 94.1 - 95.6 million VND/tael; 9999 round rings (Hung Thinh Vuong) 94.8 - 96.1 million VND/tael.
PNJ system: SJC gold bars 94.1 - 95.6 million VND/tael; PNJ 999.9 plain gold rings at 94.3 - 96 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 94.1 - 95.6 million VND/tael; round gold ring price is 94.65 - 96.2 million VND/tael.
Gold's rally isn't over yet
Updating its 2025 gold price forecast, the commodities team at Macquarie Investment Bank, led by CEO Marcus Garvey, said the precious metal will rise to a high of $3,500 an ounce by the third quarter. The latest forecast comes as gold prices have already hit the bank's target for the second quarter. Analysts said gold remains an important safe-haven asset as the bank's economists expect global economic growth to slow to 0.3% in the third quarter of this year.
“We see the strength in gold prices to date, and the prospect of further upside, largely driven by investors and institutional investors being willing to pay a premium for gold’s credit- and counterparty-risk-free nature. This is reflected in gold hitting all-time highs, even as the opportunity cost of holding gold (as a non-yielding asset) is relatively high,” the report said.
Along with gold's safe-haven appeal, Macquarie sees gold being boosted by the worsening outlook for the US government's rising debt. The world's largest economy is once again facing the possibility of another government shutdown as Congress fails to pass a new funding bill. Analysts do not expect the US to cut spending significantly going forward.
With this challenging fiscal backdrop, along with the general situation in many developed economies, gold prices are likely to remain at historically high levels,” the analysis team said.
The research team of Macquarie Investment Bank also predicted that gold prices will increase more if there is pressure on the Fed to promote interest rate cuts. Currently, the Fed still maintains a neutral stance, showing that it is not in a hurry to adjust interest rates because the US labor market is still stable and inflation risks still exist.
Meanwhile, although gold is about to reach an important milestone, Macquarie experts note that the market is not showing any signs of “overheating”. Investment demand for gold ETFs is still 20% lower than the peak in 2020, showing that the market has a lot of room to grow. Experts also believe that the risk of gold prices falling this year is very low.
According to Macquarie Investment Bank, “for the environment supporting gold prices to change, it may require a change in market expectations about the US budget deficit or the emergence of positive factors that cause real yields to remain high for an extended period.”
Source: https://baoquocte.vn/gia-vang-hom-nay-1532025-gia-vang-tang-vu-vu-moc-3000-usd-lung-lay-da-tang-bao-gio-ket-thuc-307587.html
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