Gold price today 03/24/2025: Strong fluctuations, forecast to increase

World gold price today 03/24/2025 and chart of world gold price fluctuations in the past 24 hours

According to Kitco, the world gold price recorded at 4am today, Vietnam time, was at 3,023.05 USD/ounce. Today’s gold price has not fluctuated compared to yesterday. Converted according to the USD exchange rate on the free market (25,802 VND/USD), the world gold price is about 94 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.4 million VND/tael higher than the international gold price.

While the global gold market may not have seen the same stellar gains as last week, the precious metal has established solid support at $3,000 this week.

The latest Kitco News weekly gold survey shows that experts and investors are more evenly split on the outlook for gold prices.

Neutral on gold prices next week, Colin Cieszynski, chief market strategist at SIA Wealth Management, said that it looks like gold wants to continue to consolidate its recent breakout above $3,000 an ounce until the end of the month.

Adrian Day Asset Management President Adrian Day said that the pause in gold’s recent rally is normal and actually healthy. Gold prices are likely to fall next week, but the declines will be shallow and short-term.

The Dollar Index, which measures the greenback’s strength against a basket of six major currencies, rose nearly 0.3% on Friday to close at 104.15. Earlier in the week, the index fell to near 103, its lowest level in five months. The Dollar Index has gained more than 0.4% this week, despite falling 2.3% in the past month.

According to international experts, continued risk-off demand, due to both trade and geopolitical concerns, will continue to be the main driver of gold prices.

This week, 18 Wall Street analysts participated in the Kitco News Gold Survey. Of these, 7 experts, or 39%, expect gold prices to rise next week. 5 analysts, or 28%, see the precious metal falling, and the remaining 6 experts, or 33%, believe that gold prices will continue to consolidate.

Meanwhile, 372 votes were cast in Kitco News’ online poll. Sentiment among Main Street retail investors also turned bearish as the market digests the $3,000 level after a rapid and strong rally. 220 retail traders, or 59%, expect gold prices to move higher next week, while another 82, or 22%, see the precious metal trading lower. The remaining 70 investors, or 19%, are neutral.

Domestic gold price on March 24

At the time of survey at 4:00 a.m. on March 24, 2025, today’s gold price on the trading floors of some companies was as follows:

At Saigon Jewelry Company (SJC), the listed gold price was at VND 94.4-97.4 million/tael. Thus, if buying gold bars at the peak of VND 99.8 million on March 21, buyers have now lost more than VND 5 million/tael.

The price of SJC 9999 gold rings is VND 94.3 million/tael for buying and VND 97 million/tael for selling.

DOJI Group kept the listed gold price unchanged at VND 98.6 million/tael (buying) and VND 100.4 million/tael (selling), compared to the previous trading session.

Bao Tin Minh Chau gold price is currently buying at 94.8 million VND/tael and selling at 97.4 million VND/tael, unchanged from the previous session.

At Mi Hong Jewelry Company, SJC gold price is buying at 95 million VND/tael and selling at 96.8 million VND/tael. Thus, compared to the previous session, gold price increased by 300,000 VND/tael in both buying and selling directions.

The latest gold price list today, March 24, 2025 is as follows: