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Gold price update morning of May 31: Gold price fluctuates due to Mr. Trump's new post about China

Gold price update on the morning of May 31, 2025: Gold prices fluctuated again when President Trump just posted a message saying he would no longer be kind to China on trade issues.

Báo Nghệ AnBáo Nghệ An31/05/2025

Update domestic gold price today May 31, 2025

At the end of the session on May 30 (Vietnam time), the price of SJC gold bars was listed by Saigon Jewelry Company at 116-118.5 million VND/tael (buy - sell), an increase of 500 thousand VND/tael for both buying and selling. The difference between buying and selling prices was at 2.5 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 116-118.5 million VND/tael (buy - sell), an increase of 500 thousand VND/tael for both buying and selling. The difference between buying and selling prices was at 2.5 million VND/tael.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 116.5-118 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for buying - unchanged for selling compared to yesterday. The difference between buying and selling prices was at 1.5 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 116-118.5 million VND/tael (buy - sell), an increase of 500 thousand VND/tael for both buying and selling. The difference between buying and selling prices is at 2.5 million VND/tael.

Phu Quy Gold and Gemstone Group listed the price of SJC gold bars at 115.5-118.5 million VND/tael (buy - sell), an increase of 1 million VND/tael for buying and an increase of 500 thousand VND/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.

Gold price update morning of May 31: Gold price fluctuates due to Mr. Trump's new post about China

Updated price of 9999 round gold ring on the morning of May 31, 2025

By the end of the trading session on May 29, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 111.5-114 million VND/tael (buy - sell), an increase of 500 thousand VND/tael for buying and an increase of 700 thousand VND/tael for selling. The difference between buying and selling prices was at 2.5 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 113.5-116.5 million VND/tael (buy - sell), an increase of 200 VND/tael for selling. The difference between buying and selling is 3 million VND/tael.

Phu Quy Gold and Gemstone Group listed the price of gold rings at 111.3-114.3 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both directions. The difference between the buy and sell prices is at 3 million VND/tael.

The latest gold price list this morning, May 31, 2025 is as follows:

Gold price today
May 31, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
116 118.5
+500 +500
DOJI Group
116
118.5
+500
+500
Red Eyelashes
116.5 118
+500 -
PNJ
116
118.5
+500 +500
Vietinbank Gold
118.5

+500
Bao Tin Minh Chau
116.5
118.5
+500 +500
Phu Quy 115.5 118.5
+1000 +500
1. DOJI - Updated: May 30, 2025 22:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price Buy Sell
AVPL/SJC HN 116,000 ▲500K 118,500 ▲500K
AVPL/SJC HCM 116,000 ▲500K 118,500 ▲500K
AVPL/SJC DN 116,000 ▲500K 118,500 ▲500K
Raw material 9999 - HN 107,500 ▲500K 111,500 ▲700K
Raw material 999 - HN 107,400 ▲500K 111,400 ▲700K
2. PNJ - Updated: May 30, 2025 22:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
HCMC - PNJ 111,200 ▲900K 114,000 ▲600K
HCMC - SJC 116,000 ▲500K 118,500 ▲500K
Hanoi - PNJ 111,200 ▲900K 114,000 ▲600K
Hanoi - SJC 116,000 ▲500K 118,500 ▲500K
Da Nang - PNJ 111,200 ▲900K 114,000 ▲600K
Da Nang - SJC 116,000 ▲500K 118,500 ▲500K
Western Region - PNJ 111,200 ▲900K 114,000 ▲600K
Western Region - SJC 116,000 ▲500K 118,500 ▲500K
Jewelry gold price - PNJ 111,200 ▲900K 114,000 ▲600K
Jewelry gold price - SJC 116,000 ▲500K 118,500 ▲500K
Jewelry gold price - Southeast PNJ 111,200 ▲900K
Jewelry gold price - SJC 116,000 ▲500K 118,500 ▲500K
Jewelry gold price - Jewelry gold price PNJ 999.9 Plain Ring 111,200 ▲900K
Jewelry gold price - Kim Bao Gold 999.9 111,200 ▲900K 114,000 ▲600K
Jewelry gold price - Phuc Loc Tai Gold 999.9 111,200 ▲900K 114,000 ▲600K
Jewelry gold price - Jewelry gold 999.9 111,000 ▲1000K 113,500 ▲1000K
Jewelry gold price - Jewelry gold 999 110,890 ▲1000K 113,390 ▲1000K
Jewelry gold price - Jewelry gold 9920 110,190 ▲990K 112,690 ▲990K
Jewelry gold price - Jewelry gold 99 109,970 ▲990K 112,470 ▲990K
Jewelry gold price - 750 gold (18K) 77,780 ▲750K 85,280 ▲750K
Jewelry gold price - 585 gold (14K) 59,050 ▲590K 66,550 ▲590K
Jewelry gold price - 416 gold (10K) 39,870 ▲420K 47,370 ▲420K
Jewelry gold price - 916 gold (22K) 101,570 ▲920K 104,070 ▲920K
Jewelry gold price - 610 gold (14.6K) 61,890 ▲610K 69,390 ▲610K
Jewelry gold price - 650 gold (15.6K) 66,430 ▲650K 73,930 ▲650K
Jewelry gold price - 680 gold (16.3K) 69,830 ▲680K 77,330 ▲680K
Jewelry gold price - 375 gold (9K) 35,210 ▲370K 42,710 ▲370K
Jewelry gold price - 333 gold (8K) 30,110 ▲330K 37,610 ▲330K
3. SJC - Updated: 5/30/2025 10:30 PM - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 116,000 ▲500K 118,500 ▲500K
SJC gold 5 chi 116,000 ▲500K 118,520 ▲500K
SJC gold 0.5 chi, 1 chi, 2 chi 116,000 ▲500K 118,530 ▲500K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 111,000 ▲700K 114,000 ▲700K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 111,000 ▲700K 114,100 ▲700K
Jewelry 99.99% 111,000 ▲700K 113,400 ▲700K
Jewelry 99% 107,777 ▲693K 112,277 ▲693K
Jewelry 68% 70,369 ▲476K 77,269 ▲476K
Jewelry 41.7% 40,542 ▲291K 47,442 ▲291K

World gold price today May 31, 2025 and world gold price fluctuation chart in the past 24 hours

At 11:30 p.m. on May 30, the world gold price listed on Kitco was around $3,283.62/ounce. The closing price of gold on May 30 decreased by $27.22/ounce compared to yesterday.

Converted according to the USD exchange rate at Vietcombank (26,200 VND/USD), the world gold price is about 107.58 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 10.92 million VND/tael higher than the international gold price.

Gold Price Forecast

World gold prices fell slightly as the US dollar rose and the market reacted to new developments on tariffs. Meanwhile, the latest inflation data from the US continued to raise hopes that the Federal Reserve (Fed) will cut interest rates in the near future.

Spot gold fell 0.82% to $3,283.62 an ounce at the time of writing, posting a 2.45% weekly decline. U.S. gold futures also fell 0.7% to $3,295.40. The U.S. dollar rose 0.2%, making gold more expensive for investors using other currencies.

A US federal appeals court has temporarily reinstated broad tariffs imposed by former President Donald Trump, just a day after a US trade court ruled that Mr Trump exceeded his authority in implementing the measures.

Gold is currently in a correction phase after its recent rally, according to David Meger, director of metals trading at High Ridge Futures. “Gold is under some pressure as safe-haven demand eases, but there is a potential for a strong response from Trump, which should ultimately support gold,” he said.

The US personal income and spending report, including the PCE inflation index, was just released. The PCE index rose 2.1% year-over-year in April, lower than the forecast of 2.2% and down slightly from 2.3% in March. The core index (excluding food and energy) rose 2.5%, also lower than expected. These figures were not much different from market expectations, so they did not create much volatility.

Meanwhile, the world gold price recovered somewhat in the early morning of May 31 compared to the lowest level on the night of May 30. The main reason came from Mr. Trump's new social media post about trade relations with China. President Trump just posted a message saying that he will no longer "be nice" to China on trade issues. This statement caused the stock market to fluctuate slightly, with stock indexes falling slightly.

Other precious metals also fell, with silver down 0.6% to $33.14 an ounce, platinum down 1.6% to $1,065.50 and palladium down 1% to $963.57.

Source: https://baonghean.vn/cap-nhat-tin-gia-vang-sang-31-5-gia-vang-chao-dao-boi-bai-dang-moi-cua-ong-trump-ve-trung-quoc-10298585.html


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