Domestic Gold Prices Fall, Global Prices Rise
- HANOI (AP) — Domestic gold prices in Vietnam experienced a critically important decrease on May 5, 2025, mirroring fluctuations in the global economy.
- The following table provides a summary of gold prices from various vendors as of May 5, 2025.
- According to KITCO, the world gold price was recorded at $3,282.38 per ounce as of 4:30 PM Vietnam time.
Gold Prices Drop in Vietnam Amid Global Economic Shifts
Table of Contents
- Gold Prices Drop in Vietnam Amid Global Economic Shifts
- Gold Prices Drop in Vietnam Amid Global Economic Shifts
- Domestic Gold Prices on May 5,2025
- Gold Ring Prices Also Affected
- Detailed gold Price Table (May 5, 2025)
- Global Gold prices and Market influences
- Federal Reserve and Trade Negotiations in focus
- Gold Prices in Vietnam: Your Questions Answered
- 1. What’s happening with gold prices in vietnam right now?
- 2.How much did gold prices drop specifically?
- 3. Where can I see the gold prices from the article?
- 4. Which major gold retailers in Vietnam adjusted their prices on that day?
- 5. Did gold ring prices change as well?
- 6. What’s the difference between buying and selling prices?
- 7. What impacts global gold prices at that time?
- 8. What was the global gold price as of May 5, 2025?
- 9.How does the global gold price compare to the price in Vietnam?
- 10. What is the reason for the difference in price?
- 11. What specifically is the federal Reserve’s role, and why is it relevant?
- 12. What’s the expectation regarding interest rate cuts by the Fed?
HANOI (AP) — Domestic gold prices in Vietnam experienced a critically important decrease on May 5, 2025, mirroring fluctuations in the global economy. The price of gold fell by 1.5 million VND since last week.
Domestic Gold Prices on May 5, 2025
Several major gold retailers in Vietnam adjusted their prices:
- Doji group: Listed SJC gold bars at 117.8 million to 119.8 million VND per tael (buy-sell), a decrease of 1.5 million VND in both directions compared to the previous day.
- Saigon Jewelry Company Limited (SJC): Posted a price of 117.8 million to 119.8 million VND per tael (buy-sell), also down by 1.5 million VND.
- Mi Hong Jewelry: Set the SJC gold sales price at 117.5 million to 119.3 million VND per tael. This represents a decrease of 200,000 to 500,000 VND compared to the previous day.
- Bao Tin minh Chau Company Limited: Traded SJC gold at 117.8 million to 119.98 million VND per tael,reflecting a decrease of 500,000 VND on the buying side and 1.2 million VND on the selling side.
- Phu Quy SJC: Offered gold at 117.3 million to 120.3 million VND per tael (buy-sell), a decrease of 200,000 VND per tael from the day before.
Gold Ring Prices Also Affected
The price of gold rings also saw adjustments:
- Doji: The 9999 Hung Thinh Vuong Round Gold Ring was listed at 110 million to 115 million VND per tael (buy-sell), a decrease of 1.5 million VND per tael in both directions.
- Bao Tin Minh Chau: Set the gold ring price at 115.5 million to 118.5 million VND per tael (buy-sell), down 1.1 million VND on the buying side and 1.2 million VND on the selling side.
Detailed gold Price Table (May 5, 2025)
The following table provides a summary of gold prices from various vendors as of May 5, 2025. All values are in million VND unless otherwise stated.
| Today’s Gold Price | may 5,2025 (Million VND) | Difference (Thousand VND/Tael) | ||
|---|---|---|---|---|
| Buy | Sell | buy | Sell | |
| Hanoi SJC | 117.8 | 119.8 | -1500 | -1500 |
| Doji Group | 117.8 | 119.8 | -1500 | -1500 |
| Mi Hong | 117.5 | 119.3 | -500 | -200 |
| PNJ | 117.8 | 119.8 | -700 | -1500 |
| VietinBank Gold | 119.3 | -1500 | ||
| Bao tin minh Chau | 117.8 | 119.8 | -500 | -1200 |
| Phu Quy | 117.3 | 120.3 | -200 | -200 |
Global Gold Prices and Market influences
According to KITCO, the world gold price was recorded at $3,282.38 per ounce as of 4:30 PM Vietnam time. This represents an increase of $32.69 per ounce compared to the previous day. Converting to Vietnamese currency using Vietcombank’s USD exchange rate (26,140 VND/USD),the world gold price is approximately 114.48 million VND per tael (excluding taxes and fees). This makes SJC gold approximately 15.33 million VND per tael more expensive than international gold prices.
The slight increase in global gold prices is attributed to a weakening U.S. dollar, making gold more attractive to investors. Market sentiment is also influenced by anticipation surrounding U.S.-China trade relations and the upcoming monetary policy meeting of the U.S. Federal Reserve.
Spot gold prices rose by more than 1%, while U.S. gold futures increased by 0.8%, reaching $3,267.70 per ounce. The U.S.dollar’s 0.3% decline against other major currencies created a more favorable habitat for dollar-denominated gold prices.
Team Waterer,a senior market analyst at KCM Trade,noted that gold prices are experiencing a slight upward trend as the dollar weakens ahead of the Federal Reserve meeting.
Waterer anticipates gold prices to fluctuate between $3,200 and $3,350 before the Fed announces its new policy decision. However, he cautioned that any new developments regarding trade agreements with China could make gold price predictions more challenging.
Federal Reserve and Trade Negotiations in focus
Investors are closely watching the Fed’s interest rate decision and speeches from U.S. central bank officials this week, as this information could provide insights into the future direction of monetary policy.
The market anticipates the Fed to begin cutting interest rates as early as July, with expectations of approximately 80 basis points in total cuts this year, despite stronger-than-expected employment indicators in April.
Gold is frequently enough viewed as a safe-haven asset and a hedge against inflation
Gold Prices Drop in Vietnam Amid Global Economic Shifts
HANOI (AP) — Domestic gold prices in Vietnam experienced a critically important decrease on May 5, 2025, mirroring fluctuations in the global economy. The price of gold fell by 1.5 million VND sence last week.
Domestic Gold Prices on May 5,2025
Several major gold retailers in Vietnam adjusted their prices:
- Doji group: Listed SJC gold bars at 117.8 million to 119.8 million VND per tael (buy-sell), a decrease of 1.5 million VND in both directions compared to the previous day.
- Saigon Jewelry Company Limited (SJC): Posted a price of 117.8 million to 119.8 million VND per tael (buy-sell), also down by 1.5 million VND.
- Mi Hong Jewelry: Set the SJC gold sales price at 117.5 million to 119.3 million VND per tael.This represents a decrease of 200,000 to 500,000 VND compared to the previous day.
- Bao Tin minh Chau Company Limited: Traded SJC gold at 117.8 million to 119.98 million VND per tael,reflecting a decrease of 500,000 VND on the buying side and 1.2 million VND on the selling side.
- Phu Quy SJC: Offered gold at 117.3 million to 120.3 million VND per tael (buy-sell), a decrease of 200,000 VND per tael from the day before.
Gold Ring Prices Also Affected
the price of gold rings also saw adjustments:
- Doji: The 9999 Hung Thinh Vuong Round Gold Ring was listed at 110 million to 115 million VND per tael (buy-sell), a decrease of 1.5 million VND per tael in both directions.
- Bao Tin Minh Chau: Set the gold ring price at 115.5 million to 118.5 million VND per tael (buy-sell), down 1.1 million VND on the buying side and 1.2 million VND on the selling side.
Detailed gold Price Table (May 5, 2025)
The following table provides a summary of gold prices from various vendors as of May 5, 2025. All values are in million VND unless otherwise stated.
| Today’s Gold Price | may 5,2025 (Million VND) | Difference (Thousand VND/Tael) | ||
|---|---|---|---|---|
| Buy | Sell | buy | Sell | |
| Hanoi SJC | 117.8 | 119.8 | -1500 | -1500 |
| Doji Group | 117.8 | 119.8 | -1500 | -1500 |
| Mi hong | 117.5 | 119.3 | -500 | -200 |
| PNJ | 117.8 | 119.8 | -700 | -1500 |
| VietinBank Gold | 119.3 | -1500 | ||
| Bao tin minh Chau | 117.8 | 119.8 | -500 | -1200 |
| Phu Quy | 117.3 | 120.3 | -200 | -200 |
Global Gold prices and Market influences
According to KITCO, the world gold price was recorded at $3,282.38 per ounce as of 4:30 PM Vietnam time. This represents an increase of $32.69 per ounce compared to the previous day. Converting to Vietnamese currency using Vietcombank’s USD exchange rate (26,140 VND/USD),the world gold price is approximately 114.48 million VND per tael (excluding taxes and fees). This makes SJC gold approximately 15.33 million VND per tael more expensive than international gold prices.
The slight increase in global gold prices is attributed to a weakening U.S.dollar,making gold more attractive to investors. Market sentiment is also influenced by anticipation surrounding U.S.-China trade relations and the upcoming monetary policy meeting of the U.S. federal Reserve.
Spot gold prices rose by more than 1%, while U.S. gold futures increased by 0.8%, reaching $3,267.70 per ounce. The U.S.dollar’s 0.3% decline against other major currencies created a more favorable habitat for dollar-denominated gold prices.
Team Waterer,a senior market analyst at KCM Trade,noted that gold prices are experiencing a slight upward trend as the dollar weakens ahead of the Federal Reserve meeting.
Waterer anticipates gold prices to fluctuate between $3,200 and $3,350 before the Fed announces its new policy decision. However, he cautioned that any new developments regarding trade agreements with China could make gold price predictions more challenging.
Federal Reserve and Trade Negotiations in focus
Investors are closely watching the Fed’s interest rate decision and speeches from U.S. central bank officials this week, as this details could provide insights into the future direction of monetary policy.
The market anticipates the Fed to begin cutting interest rates as early as July, with expectations of approximately 80 basis points in total cuts this year, despite stronger-than-expected employment indicators in April.
Gold is frequently enough viewed as a safe-haven asset and a hedge against inflation.
Gold Prices in Vietnam: Your Questions Answered
Welcome to this expert guide on the recent fluctuations in gold prices in Vietnam! Let’s dive right into the key questions you likely have.
1. What’s happening with gold prices in vietnam right now?
in a nutshell: As of May 5, 2025, domestic gold prices in Vietnam experienced a decrease, mirroring adjustments in the global economy. This means you might have paid less than the previous week.
2.How much did gold prices drop specifically?
The price of gold fell by approximately 1.5 million VND per tael (a customary unit of measurement common in Vietnam,about 37.5 grams) as the previous week.
3. Where can I see the gold prices from the article?
You can find a detailed breakdown of gold prices from different retailers on May 5, 2025, in the table found in Article.
4. Which major gold retailers in Vietnam adjusted their prices on that day?
Several major retailers adjusted their prices.Here is a swift summary:
Doji group: SJC gold bars were listed at 117.8 million to 119.8 million VND per tael (buy-sell), down 1.5 million VND.
Saigon Jewelry Company Limited (SJC): posted a price of 117.8 million to 119.8 million VND per tael (buy-sell), also down 1.5 million VND.
Mi Hong Jewelry: SJC gold sales price set at 117.5 million to 119.3 million VND per tael, representing a decrease of 200,000 to 500,000 VND.
Bao Tin Minh Chau Company Limited: Traded SJC gold at 117.8 million to 119.98 million VND reflecting a decrease of 500,000 VND on the buying side and 1.2 million VND on the selling side.
Phu Quy SJC: Offered gold at 117.3 million to 120.3 million VND per tael (buy-sell) and a decrease of 200,000 VND per tael.
5. Did gold ring prices change as well?
Yes, gold ring prices also saw adjustments.
doji: The 9999 Hung Thinh Vuong Round Gold Ring was listed at 110 million to 115 million VND per tael (buy-sell), a decrease of 1.5 million VND per tael in both directions.
Bao Tin Minh Chau: Set the gold ring price at 115.5 million to 118.5 million VND per tael (buy-sell), down 1.1 million VND on the buying side and 1.2 million VND on the selling side.
6. What’s the difference between buying and selling prices?
The difference between the “buy” and “sell” price reflects the retailer’s margin,or profit. This is how they make money on each transaction.
7. What impacts global gold prices at that time?
Global gold prices at the time were impacted by a combination of factors, primarily:
The weakening of the U.S. dollar: A weaker dollar makes gold more attractive to investors, as it becomes cheaper for those holding other currencies.
Market sentiment on U.S.-China trade relations:Anticipation surrounding any developments related to U.S-China trade.
* The upcoming Federal Reserve monetary policy meeting: Investors were watching the Fed to get further insight into any future interest rate cuts.
8. What was the global gold price as of May 5, 2025?
According to the provided information, the world gold price was recorded at $3,282.38 per ounce as of 4:30 PM Vietnam time.
9.How does the global gold price compare to the price in Vietnam?
the article notes that SJC gold in Vietnam was approximately 15.33 million VND per tael more expensive than the international gold price.
10. What is the reason for the difference in price?
A key component of this difference lies in the fact that SJC gold bars are manufactured and sold within Vietnam,which includes taxes and fees,such as the value of gold that is brought.
11. What specifically is the federal Reserve’s role, and why is it relevant?
The Federal Reserve (also known as the Fed) is the central bank of the United States. Investors closely monitor the Fed’s interest rate decisions and speeches from its officials because these provide insights into the future direction of monetary policy. These insights help investors predict gold’s value.
12. What’s the expectation regarding interest rate cuts by the Fed?
The market anticipated the Fed to begin cutting interest rates as early as July, with expectations of about 80 basis points in total cuts that year. This anticipation often boosts gold prices.