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Gold price update on the morning of May 16: Gold ring and gold bar prices increased by 3 million VND as soon as opening

Gold price update on the morning of May 16: Gold ring and gold bar prices increased by 3 million VND right after opening. The reason is that world gold prices reversed and increased sharply after a series of economic reports were released last night.

Báo Nghệ AnBáo Nghệ An16/05/2025

Gold bar price today 5/16/2025

At the time of survey at 9:30 a.m. on May 16, 2025, domestic gold prices increased sharply compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 118.5-120.8 million VND/tael (buy - sell), an increase of 3 million VND/tael for buying - an increase of 2.6 million VND/tael for selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 118.5-120.8 million VND/tael (buy - sell), an increase of 3 million VND/tael in buying price - an increase of 2.6 million VND/tael in selling price compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 118.5-120.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 2.7 million VND/tael for buying and increased by 2.5 million VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118.5-120.8 million VND/tael (buy - sell), the price increased by 3 million VND/tael in the buying direction - increased by 2.6 million VND/tael in the selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117.5-120.8 million VND/tael (buy - sell), gold price increased by 3 million VND/tael in buying direction - increased by 2.6 million VND/tael in selling direction compared to yesterday.

Gold price update morning of May 16: Gold price increased by 3 million VND

Gold ring price today 5/16/2025

As of 9:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 112.5-115.2 million VND/tael (buy - sell); the price increased by 2 million VND/tael for buying - increased by 1.7 million VND/tael for selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 114.5-117.5 million VND/tael (buy - sell); an increase of 1.5 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 16, 2025 is as follows:

Gold price today
May 16, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
118.5 120.8
+3000 +2600
DOJI Group
118.5
120.8
+3000
+2600
Red Eyelashes
118.5 120.5
+2700 +2500
PNJ
118.5
120.8
+3000 +2600
Vietinbank Gold
120.8

+2600
Bao Tin Minh Chau
118.5
120.8
+3000 +2600
Phu Quy 117.5 120.8
+3000 +2600
1. DOJI - Updated: May 16, 2025 09:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price Buy Sell
AVPL/SJC HN 118,500 ▲3000K 120,800 ▲2600K
AVPL/SJC HCM 118,500 ▲3000K 120,800 ▲2600K
AVPL/SJC DN 118,500 ▲3000K 120,800 ▲2600K
Raw material 9999 - HN 109,700 ▲2000K 112,700 ▲1700K
Raw material 999 - HN 109,600 ▲2000K 112,600 ▲1700K
2. PNJ - Updated: May 16, 2025 09:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
HCMC - PNJ 112,500 ▲2000K 115,500 ▲2000K
HCMC - SJC 118,500 ▲3000K 120,800 ▲2600K
Hanoi - PNJ 112,500 ▲2000K 115,500 ▲2000K
Hanoi - SJC 118,500 ▲3000K 120,800 ▲2600K
Da Nang - PNJ 112,500 ▲2000K 115,500 ▲2000K
Da Nang - SJC 118,500 ▲3000K 120,800 ▲2600K
Western Region - PNJ 112,500 ▲2000K 115,500 ▲2000K
Western Region - SJC 118,500 ▲3000K 120,800 ▲2600K
Jewelry gold price - PNJ 112,500 ▲2000K 115,500 ▲2000K
Jewelry gold price - SJC 118,500 ▲3000K 120,800 ▲2600K
Jewelry gold price - Southeast PNJ 112,500 ▲2000K
Jewelry gold price - SJC 118,500 ▲3000K 120,800 ▲2600K
Jewelry gold price - Jewelry gold price PNJ 999.9 Plain Ring 112,500 ▲2000K
Jewelry gold price - Kim Bao Gold 999.9 112,500 ▲2000K 115,500 ▲2000K
Jewelry gold price - Phuc Loc Tai Gold 999.9 112,500 ▲2000K 115,500 ▲2000K
Jewelry gold price - Jewelry gold 999.9 112,400 ▲1900K 114,900 ▲1900K
Jewelry gold price - Jewelry gold 999 112,290 ▲1900K 114,790 ▲1900K
Jewelry gold price - Jewelry gold 9920 111,580 ▲1880K 114,080 ▲1880K
Jewelry gold price - Jewelry gold 99 111,350 ▲1880K 113,850 ▲1880K
Jewelry gold price - 750 gold (18K) 78,830 ▲1430K 86,330 ▲1430K
Jewelry gold price - 585 gold (14K) 59,870 ▲1110K 67,370 ▲1110K
Jewelry gold price - 416 gold (10K) 40,450 ▲790K 47,950 ▲790K
Jewelry gold price - 916 gold (22K) 102,850 ▲1740K 105,350 ▲1740K
Jewelry gold price - 610 gold (14.6K) 62,740 ▲1160K 70,240 ▲1160K
Jewelry gold price - 650 gold (15.6K) 67,340 ▲1240K 74,840 ▲1240K
Jewelry gold price - 680 gold (16.3K) 70,780 ▲1290K 78,280 ▲1290K
Jewelry gold price - 375 gold (9K) 35,740 ▲710K 43,240 ▲710K
Jewelry gold price - 333 gold (8K) 30,570 ▲630K 38,070 ▲630K
3. SJC - Updated: May 16, 2025 09:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 118,500 ▲3000K 120,800 ▲2600K
SJC gold 5 chi 118,500 ▲3000K 120,820 ▲2600K
SJC gold 0.5 chi, 1 chi, 2 chi 118,500 ▲3000K 120,830 ▲2600K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 112,500 ▲2000K 115,500 ▲2000K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 112,500 ▲2000K 115,600 ▲2000K
Jewelry 99.99% 112,500 ▲2000K 114,900 ▲2000K
Jewelry 99% 109,262 ▲1980K 113,762 ▲1980K
Jewelry 68% 71,789 ▲1360K 78,289 ▲1360K
Jewelry 41.7% 41,568 ▲834K 48,068 ▲834K

World gold price today May 16, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 9:30 am today, Vietnam time, was 3,219.74 USD/ounce. Today's gold price increased by 61.43 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,110 VND/USD), the world gold price is about 102.42 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 18.38 million VND/tael higher than the international gold price.

World gold prices increased sharply after a series of economic reports all tended to favor the increase in gold prices. Specifically:

The latest data showed that US consumer spending was better than expected last month. Retail sales rose a modest 0.1% in April, according to the US Commerce Department, after a strong 1.7% increase in March (revised). That beat analysts' expectations, who had predicted no sales growth in April.

Retail sales rose 5.2% year-on-year, beating the 1.1% forecast and continuing a strong uptrend from March. However, excluding cars (a big-ticket item), sales rose just 0.1%, lower than the 0.3% expected. The rebound shows that investors are still interested in gold despite signs of stability in the US economy.

Typically, strong consumer spending raises inflation expectations, which could prompt the Fed to consider keeping interest rates higher for longer. However, in this case, modest retail sales growth was not enough to put pressure on monetary policy, helping gold maintain its appeal as a safe investment.

Meanwhile, US inflation has fallen sharply, creating an opportunity for gold prices to increase. According to data from the US Department of Labor, the producer price index (PPI) in April fell 0.5%, after a 0.4% decrease in March. This figure is much lower than the 0.2% increase forecast by analysts. Compared to the same period last year, producer inflation increased by only 2.4%, lower than the expected 2.5%.

Excluding volatile factors such as food and energy prices, core inflation also fell 0.4% in April. This is a positive signal that price pressures are gradually easing.

World gold prices continued to increase slightly due to mixed signals from the US manufacturing industry. According to the latest report from the branches of the Federal Reserve (Fed) in New York and Philadelphia.

In Philadelphia, the manufacturing index improved to -4.0 in May from -26.4 in April, much better than the -11.3 forecast by analysts. In New York, the manufacturing index fell to -9.2 from -8.1 in the previous month, below expectations for a flat reading.

The regional disparity suggests that the US manufacturing sector has yet to fully recover, which has led many investors to remain cautious and continue to seek gold as a safe haven. Gold is typically sought after as the economy slows down due to its stability.

Source: https://baonghean.vn/cap-nhat-gia-vang-sang-16-5-gia-vang-nhan-va-vang-mieng-bat-tang-3-trieu-dong-ngay-khi-mo-cua-10297407.html


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