Gold price today, latest gold price news, domestic and world gold price suddenly increased strongly.
Table of Contents
World gold price
World gold price on the afternoon of March 25 is currently trading around the threshold of 1,960 USD/ounce.
It was the demand for safety that continued to rise due to concerns related to the Russia-Ukraine conflict that made gold prices rise.
The conflict between Russia and Ukraine has lasted for a month and there is no sign of ‘cooling down’. The safety demand of investors in the precious metal market is also at a high level.
In addition to the safe-haven demand, the inflation factor is still affecting the market and the rising inflation is the bullish trend for the metal market.
Domestic gold price
Domestic gold price on the afternoon of March 25 is showing signs of strong increase.
Accordingly, PNJ gold price is currently listed at 55.40 – 56.50 million VND/tael bought and sold.
SJC gold price is currently listed at 68.40 – 69.10 million VND/tael bought and sold.
The price of 24K gold jewelry is currently listed at 54.80 – 55.60 million VND/tael bought and sold.
The price of 18K gold jewelry is currently trading at 40.45 – 41.85 million VND/tael bought and sold.
Domestic gold price list at noon on March 25
Gold price forecast
Gold investors are now hoping the precious metal will give up the $2,000/ounce level even if the conflict subsides.
Accordingly, gold has found a new range and the precious metal is building a solid base between $1,900 an ounce and $2,000 an ounce.
The gold market is currently supported by a significant increase in safe-haven demand after Russia opened hostilities specifically in Ukraine.
The general market concerns are not going away anytime soon and this will continue to support gold prices as it establishes solid support around the $1,900 mark.