Earliest update on gold price today 5/8/2025 Domestic gold price increases following world trend

Index

• Update the latest gold price details today, May 8, 2025 in the domestic market
• Update gold price today May 8, 2025 latest on the world market
• Gold price forecast today 5/8/2025

Update the latest gold price details today, May 8, 2025 in the domestic market

At the time of survey at 4:00 a.m. on May 8, 2025, domestic gold prices recorded slight fluctuations at some major brands. Specifically:

The price of SJC gold bars is listed at 120.2 - 122.2 million VND/tael (buy - sell). At DOJI Group, the price of SJC gold bars is also maintained at 120.2 - 122.2 million VND/tael (buy - sell).

Gold price at Mi Hong decreased slightly, listed at 120.2 million VND/tael (buy) and 121.7 million VND/tael (sell).

Gold price at PNJ recorded an increase, listed at 115.5 million VND/tael (buy) and 118.1 million VND/tael (sell).

In Phu Quy, gold prices dropped sharply, listed at 118.7 million VND/tael (buy) and 121.7 million VND/tael (sell).

As of 4:00 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 115.5 - 118.0 million VND/tael (buy - sell); Bao Tin Minh Chau listed the price of gold rings at 117.5 - 120.5 million VND/tael (buy - sell).

Earliest update on gold price today 5/8/2025 Domestic gold price increases following world trend

In general, the gold price today, May 8, 2025 at 4:00 am, fluctuates from 115.5 - 122.2 million VND/tael. It is predicted that the fluctuation trend of the domestic gold market today is diverging, bringing opportunities for investors and gold buyers depending on their personal purposes and needs.

The latest gold price update table today, May 8, 2025 is as follows:

Gold price today
	Buy		Sell
SJC in Hanoi	120.2	-	122.2	-
DOJI Group	120.2	-	122.2	-
Red Eyelashes	120.2	-	121.7	-
PNJ	115.5	-	118.1	-
Vietinbank Gold			122.2	-
Bao Tin Minh Chau	120.2	-	122.2	-
Phu Quy	118.7	-	121.7	-

1. DOJI - Updated: 5/8/2025 4:00 - Source website time - ▼/▲ Compared to yesterday.
Type	Buy	Sell
AVPL/SJC HN	120,200 -	122,200 -
AVPL/SJC HCM	120,200 -	122,200 -
AVPL/SJC DN	120,200 -	122,200 -
Raw material 9999 - HN	113,500 -	117,000 -
Raw material 999 - HN	113,400 -	117,000 -

2. PNJ - Updated: May 8, 2025 4:00 - Source website time - ▼/▲ Compared to yesterday.
Type	Buy	Sell
HCMC - PNJ	115,500 -	118,100 -
HCMC - SJC	120,200	122,200
Hanoi - PNJ	115,500 -	118,100 -
Hanoi - SJC	120,200	122,200
Da Nang - PNJ	115.500118.100
Da Nang - SJC	120,200	122,200
Western Region - PNJ	115,500	118,100
Western Region - SJC	120,200	122,200
Jewelry gold price - PNJ	115,500	118,100
Jewelry gold price - SJC	120,200	122,200
Jewelry gold price - Southeast PNJ	115,500
Jewelry gold price - SJC	120,200	122,200
Jewelry gold price - PNJ 999.9 Plain Ring	115,500	118,100
Jewelry gold price - Kim Bao Gold 999.9	115,500	118,100
Jewelry gold price - Phuc Loc Tai Gold 999.9	115,500	118,100
Jewelry gold price - Jewelry gold 999.9	115,000	117,500
Jewelry gold price - Jewelry gold 999	114,880	117,380
Jewelry gold price - Jewelry gold 9920	114,160	116,660
Jewelry gold price - Jewelry gold 99	113,930	116,430
Jewelry gold price - 750 gold (18K)	80,780	88,280
Jewelry gold price - 585 gold (14K)	61,390	68,890
Jewelry gold price - 416 gold (10K)	41,530	49,030
Jewelry gold price - 916 gold (22K)	105,230	107,730
Jewelry gold price - 610 gold (14.6K)	64,330	71,830
Jewelry gold price - 650 gold (15.6K)	69,030	76,530
Jewelry gold price - 680 gold (16.3K)	72,550	80,050
Jewelry gold price - 375 gold (9K)	36,710	44,210
Jewelry gold price - 333 gold (8K)	31,430	38,930

3. SJC - Updated: 5/8/2025 4:00 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG	120,200	122,200
SJC gold 5 chi	120,200	122,220
SJC gold 0.5 chi, 1 chi, 2 chi	120,200	122,230
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi	115,500	118,000
SJC 99.99% gold ring 0.5 chi, 0.3 chi	115,500	118,100
Jewelry 99.99%	115,500	117,400
Jewelry 99%	111,737	116,237
Jewelry 68%	73,489	79,989
Jewelry 41.7%	42,610	49,110

Update gold price today May 8, 2025 latest on the world market

At the time of trading at 4:00 a.m. on May 8, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,383.2 USD/ounce. Converted according to the USD exchange rate on the free market (25,960 VND/USD), the world gold price is equivalent to about 107.04 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (120.2-122.2 million VND/tael), the SJC gold price is currently about 15.16 million higher than the international gold price.

Update gold price today May 8, 2025 latest on the world market

Gold prices yesterday, May 8, 2025, on the world market decreased by 0.41%, down to 3,383.2 USD/ounce. The main reason is because of positive information about trade negotiations between the US and China, making many people feel less worried about the global economy. When market sentiment is more optimistic, gold - an asset often considered a safe haven in times of uncertainty - becomes less attractive. Previously, gold prices had increased sharply in yesterday's trading session, so this decline is quite remarkable.

A key factor influencing gold prices today is news of a meeting between US and Chinese officials. According to sources, US Treasury Secretary Scott Bessent and trade negotiator Jamieson Greer will meet with China's top economic official, He Lifeng, in Switzerland this weekend to discuss tariffs. The US and China have recently imposed retaliatory tariffs on each other, raising concerns about a trade war that could push the global economy into recession. These concerns have previously driven many investors to gold as a way to protect their assets, but news of the upcoming meeting has dampened demand for gold.

Meanwhile, all eyes are on the US Federal Reserve's interest rate decision, due at 18:00 GMT on May 7, 2025. Experts expect the Fed to keep rates unchanged for now, but investors are looking for any signs of future rate cuts. Gold is typically favored when interest rates are low, as it does not yield the same returns as other assets, such as bonds. However, according to the CME FedWatch tool, the probability of the Fed cutting rates in June is only 30%, which also contributed to the decline in gold prices today.

Geopolitical developments also affect gold prices. On May 7, 2025, tensions between India and Pakistan escalated as India attacked Pakistan and Pakistani-controlled Kashmir, while Pakistan claimed to have shot down five Indian fighter jets. This was the most serious conflict between the two nuclear-armed nations in more than two decades. If the conflict escalates, gold could see more demand due to its role as a safe-haven asset, which could push prices back up, according to Zain Vawda, an expert at MarketPulse.

In general, the gold price today, May 8, 2025, on the world market is being affected by many factors, including hopes for US-China trade negotiations, the Fed's interest rate decision and geopolitical tensions. Although the current gold price is down, developments in the next few days can bring many unexpected changes.

Gold price forecast today 5/8/2025

Gold price on May 8, 2025 is expected to increase slightly following the international trend. To understand better, let's analyze the main factors affecting gold price today.

As of 11 p.m. on May 7, the spot gold price on Kitco stopped at $3,383.2/ounce, equivalent to about VND107.29 million/tael when converted according to the USD exchange rate on the free market (VND25,960/USD). The world gold price decreased by 0.41% today. The main reason comes from the optimistic sentiment of the market before the positive progress in trade negotiations between the US and China. When investors feel more secure about the economy, the demand for gold as a safe haven asset decreases, causing the gold price to increase.

Another factor that cannot be ignored is the US Federal Reserve meeting. Although the Fed is expected to keep interest rates unchanged and may even cut them in July, the uncertainty in the official announcements has made investors cautious. This also reduces the attractiveness of gold in the short term.

In addition, tensions between India and Pakistan with back-and-forth attacks have prevented gold prices from falling further. Geopolitical concerns still play a certain supportive role for gold prices, but are not strong enough to reverse the current downward trend.

Domestic gold prices, which often fluctuate according to global market trends, are likely to increase slightly in the morning trading session on May 8. Major brands such as SJC, DOJI or PNJ may adjust their buying and selling prices, reflecting the increase in international gold prices. However, the decrease is not expected to be too strong thanks to support from geopolitical factors.

Gold price forecast for May 8, 2025 shows a slight upward trend, influenced by market optimism about trade negotiations, Fed monetary policy and global geopolitical tensions. Buyers and investors should closely monitor market developments to make appropriate decisions.

Source: https://baoquangnam.vn/cap-nhat-som-nhat-gia-vang-hom-nay-8-5-2025-gia-vang-trong-nuoc-tang-theo-xu-huong-the-gioi-3154301.html