Domestic gold price today 4/3/2025

At the time of survey at 8:30 a.m. on April 3, 2025, domestic gold prices increased to an all-time high. Specifically:

The price of SJC gold bars listed by DOJI Group is at 99.8-102.5 million VND/tael (buy - sell), an increase of 700 thousand VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 99.8-102.5 million VND/tael (buy - sell), an increase of 700 thousand VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 100-102 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 900 thousand VND/tael for buying and 1.5 million VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 99.1-101.8 million VND/tael (buying - selling, temporarily unchanged in both buying and selling directions compared to yesterday.

SJC gold price in Phu Quy is traded by businesses at 99.8-102.5 million VND/tael (buy - sell), gold price increased by 1.1 million VND/tael for buying - increased by 800 thousand VND/tael for selling compared to yesterday.

As of 8:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 99.4-102.1 million VND/tael (buy - sell); an increase of 700 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 98.8-101.8 million VND/tael (buy - sell); there is temporarily no change in both buying and selling directions.

The latest gold price list today, April 3, 2025 is as follows:

World gold price today April 3, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 8:30 am today, Vietnam time, was at 3,160.05 USD/ounce. Today's gold price increased by 17.9 USD/ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,910 VND/USD), the world gold price is about 100.46 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.04 million VND/tael higher than the international gold price.

The world gold price has again reached an all-time high. The main reason is that investors poured money into gold as a safe haven after US President Donald Trump announced retaliatory tariffs, escalating global trade tensions.

According to experts, the outlook for gold is currently very positive with a short-term target of reaching $3,200/ounce. The market is in a state of uncertainty due to many unclear factors, especially the US trade moves.

Mr. Trump announced that he would impose a basic tax of 10% on all goods imported into the US, while increasing taxes more strongly on some major trading partners such as China (34%) and the European Union (20%).

Gold is considered a safe haven asset in times of political and economic uncertainty. Since the beginning of 2025, the price of gold has increased by more than $500 and reached a record $3,160/ounce early this morning.

"If gold breaks through the resistance level of $3,147 - $3,150, there is a high possibility of further gains to $3,200, even opening the way for further targets such as $3,300 or $3,500," said Peter Grant, vice president and metals strategist at Zaner Metals.

One factor supporting gold prices was the 0.4% drop in the US dollar following Trump's tariff announcement, making gold cheaper for investors using other currencies.

In addition, the US ADP private employment report showed a sharp increase in the number of workers in March. However, the most important employment data will be released on Friday, which could have a big impact on market trends.

Besides gold price, silver price increased by 0.7% to 33.99 USD/ounce, platinum price also increased by 0.7% to 986.18 USD, while palladium price decreased slightly by 0.8% to 975.93 USD.

Gold Price Forecast

Technically, June gold futures remain in a strong uptrend. Bulls have a clear advantage and the next target is to push prices above the resistance level of $3,200/ounce. On the other hand, bears are trying to push prices below the important support level at $3,031.

The price levels to watch are resistance at $3,185 and $3,200. Meanwhile, notable support levels are the overnight low of $3,135.70 and the weekly low of $3,112.40. The Wyckoff Market Index is currently at 9.5/10, indicating that the uptrend remains very strong.

In the short term, gold prices will continue to rise due to global economic and geopolitical uncertainties. The new tax policies announced by President Donald Trump will affect the US economy and many other countries. This is a factor that helps gold maintain its price and avoid a sharp decline.

Goldman Sachs has previously raised its forecast for the possibility of a US recession in the next 12 months from 20% to 35%. At the same time, the bank also expects the Fed to cut interest rates three times this year instead of the previous forecast of two.

IG analyst Yeap Jun Rong said that concerns about tariffs are causing investors to seek refuge in gold, a sentiment that could see the price of gold rise to $3,200 an ounce in the short term.

At the PDAC 2025 conference in Toronto, Canada, Tavi Costa from Crescat Capital said that gold could be revalued at a very high level if the US re-adjusted the ratio between its gold reserves and its total outstanding bonds – currently around $36 trillion. Currently, gold accounts for only about 2% of this value.

If that ratio returns to the 17% level of the 1970s, gold could reach $25,000 an ounce. If it increases to 40%, as in the 1940s, gold could reach $55,000 an ounce. This is a signal that gold still has a lot of room to increase in the long term.

Some forecasts suggest that gold prices could reach $3,500 an ounce by the end of the year. However, if current support factors weaken, gold could enter a deep correction. The rapid increase in prices also poses many risks for investors in the short term.