Gold price today, March 29: High increase, waiting risks

Updated SJC gold price

As of 9:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 98.4-100.7 million VND/tael (buy in - sell out), unchanged for buying and increased by 300,000 VND/tael for selling. The difference between buying and selling prices is at 2.3 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 98.4-100.7 million VND/tael (buy - sell), unchanged for buying and increased by 300,000 VND/tael for selling. The difference between buying and selling prices is at 2.3 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 98.3-100.2 million VND/tael (buy - sell), down 300,000 VND/tael for buying and down 400,000 VND/tael for selling. The difference between buying and selling prices is at 2 million VND/tael.

9999 round gold ring price

As of 9:00 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 98.4-100.7 million VND/tael (buy - sell), down 100,000 VND/tael for buying and up 300,000 VND/tael for selling. The difference between buying and selling is listed at 2.3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 98.6-100.6 million VND/tael (buy - sell), unchanged in both buying and selling directions. The difference between buying and selling is at 2 million VND/tael.

World gold price

At 9:10 a.m. on March 29, the world gold price listed on Kitco was around 3,084.7 USD/ounce, up 12.7 USD/ounce compared to the beginning of the trading session yesterday morning.

Gold price forecast

World gold prices increased to an all-time high in the context of the USD's downward trend. Recorded at 9:10 a.m. on March 29, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 103.710 points (down 0.27%).

World gold prices continue to break the peak. Concerns about prolonged inflation, fluctuating trade policies and global tensions are boosting inflows into gold.

The gold market witnessed a strong price increase in the first quarter of 2025, when gold prices continuously broke the peak. A series of factors, from economic fluctuations, prolonged risks of inflation to increased geopolitical tensions, have created strong momentum for this trend.

The collapse of the ceasefire in the Middle East and the prolonged war situation have increased risk-off sentiment globally. Along with that, the market is also affected by new trade policies, causing investors to turn to gold as an effective defense channel.

Since the beginning of the year, gold has become one of the assets with the strongest growth rate, surpassing both the S&P 500, large technology stocks and Bitcoin. In the first 50 days of the year, gold prices have increased by more than 400 USD, establishing one of the strongest up cycles in history.

One of the main reasons for the sharp increase in gold prices is concerns about prolonged inflation. Over the past five years, prices have risen significantly, with total inflation exceeding 23% according to the CPI - the highest level in more than 30 years in the US. This causes households to face increasing financial pressure as living expenses, from goods to services, all increase.

Last week, the US Federal Reserve (FED) said it forecast GDP growth in 2025 to only 1.7%, while PCE inflation could increase to 2.8%. These figures show that the risk of inflation - an economic state with slow growth but high inflation - could become a reality.

In addition, consumer confidence is also declining. The Conference Board's Expectations Index, which measures personal financial prospects and business performance, has fallen to a 12-year low, signaling greater challenges in the coming period.

Ole Hansen, head of commodity strategy at Saxo Bank, said that gold has been and will always be a reliable long-term investment asset, because of its ability to protect asset value and is an effective hedge against fluctuations in the financial market.

Peter Grant, vice president and senior metals strategist at Zaner Metals, said that safe-haven demand is increasing amid growing concerns about tariffs, trade and geopolitical instability that are strongly supporting gold.

Meanwhile, Metals Germany precious metals trader Alexander Zumpfe Heraeus said that if there is no sudden reversal in the US Federal Reserve's (FED) policy or reduced geopolitical risks, gold will test the range of 3,200 - 3,250 USD/ounce in the coming time.