- 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 tomorrow 5/9/2025
Update the latest gold price details today, May 8, 2025 in the domestic market
Gold prices today, May 8, 2025, witnessed a sharp downward trend across the market. Major brands such as SJC, PNJ, DOJI and jewelry gold all recorded significant declines compared to yesterday. Below is detailed information on the latest gold prices on May 8, 2025.
SJC gold price plummeted with a decrease of 1,700,000 VND/tael in both buying and selling prices. In Ho Chi Minh City, Hanoi , Da Nang and the Western region, the buying price reached 118,500,000 VND/tael (down 1,700K), while the selling price was at 120,500,000 VND/tael (down 1,700K).
PNJ gold price also decreased but with a smaller decrease, specifically buying price decreased by 1,300,000 VND/tael and selling price decreased by 900,000 VND/tael. In Ho Chi Minh City, Hanoi, Da Nang and the Western region, the buying price was 114,200,000 VND/tael (down 1,300K), and the selling price reached 117,200,000 VND/tael (down 900K).
DOJI is not out of the downward trend, with gold prices falling by VND1,700,000/tael in both directions. In Hanoi, Ho Chi Minh City and Da Nang, the buying price was recorded at VND118,500,000/tael (down VND1,700K) and the selling price was VND120,500,000/tael (down VND1,700K).
Jewelry gold prices also dropped, ranging from 270,000 to 1,300,000 VND/tael depending on the type. 999.9 gold is bought at 114,200,000 VND/tael (down 800K) and sold at 116,700,000 VND/tael (down 800K). 750 (18K) gold is bought at 80,180,000 VND/tael (down 600K), sold at 87,680,000 VND/tael (down 600K). 333 (8K) gold is bought at 31,160,000 VND/tael (down 270K), sold at 38,660,000 VND/tael (down 270K).
As of 6:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 114.0-116.5 million VND/tael (buy - sell); down 1.5 million VND/tael in both buying and selling directions compared to yesterday.
Bao Tin Minh Chau listed the price of gold rings at 116.5-119.5 million VND/tael (buy - sell); down 1 million VND/tael in both buying and selling compared to yesterday.
The latest gold price on May 8, 2025 reflects strong downward pressure on the domestic market. Investors need to be cautious and closely monitor to make reasonable decisions. Detailed information can be updated on the websites of PNJ, SJC and DOJI.
The latest gold price update table today, May 8, 2025 is as follows:
| Gold price today | ||||
|---|---|---|---|---|
| Buy | Sell | |||
| SJC in Hanoi | 118.5 | ▼1700 | 120.5 | ▼1700 |
| DOJI Group | 118.5 | ▼1700 | 120.5 | ▼1700 |
| Red Eyelashes | 118.5 | ▼1800 | 120.5 | ▼1800 |
| PNJ | 114.2 | ▼1300 | 117.2 | ▼900 |
| Vietinbank Gold | 120.5 | ▼1700 | ||
| Bao Tin Minh Chau | 118.3 | ▼1900 | 120.5 | ▼1700 |
| Phu Quy | 117.5 | ▼1200 | 120.5 | ▼1200 |
| 1. DOJI - Updated: May 8, 2025 18:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 118,500 ▼1700K | 120,500 ▼1700K |
| AVPL/SJC HCM | 118,500 ▼1700K | 120,500 ▼1700K |
| AVPL/SJC DN | 118,500 ▼1700K | 120,500 ▼1700K |
| Raw material 9999 - HN | 113,800 ▼1500K | 115,600 ▼1500K |
| Raw material 999 - HN | 113,700 ▼1500K | 115,600 ▼1500K |
| 2. PNJ - Updated: May 8, 2025 18:30 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 114,200 ▼1300K | 117,200 ▼900K |
| HCMC - SJC | 118,500 ▼1700K | 120,500 ▼1700K |
| Hanoi - PNJ | 114,200 ▼1300K | 117,200 ▼900K |
| Hanoi - SJC | 118,500 ▼1700K | 120,500 ▼1700K |
| Da Nang - PNJ | 114,200 ▼1300K | 117,200 ▼900K |
| Da Nang - SJC | 118,500 ▼1700K | 120,500 ▼1700K |
| Western Region - PNJ | 114,200 ▼1300K | 117,200 ▼900K |
| Western Region - SJC | 118,500 ▼1700K | 120,500 ▼1700K |
| Jewelry gold price - PNJ | 114,200 ▼1300K | 117,200 ▼900K |
| Jewelry gold price - SJC | 118,500 ▼1700K | 120,500 ▼1700K |
| Jewelry gold price - Southeast PNJ | 114,200 ▼1300K | |
| Jewelry gold price - SJC | 118,500 ▼1700K | 120,500 ▼1700K |
| Jewelry gold price - PNJ 999.9 Plain Ring | 114,200 ▼1300K | |
| Jewelry gold price - Kim Bao Gold 999.9 | 114,200 ▼1300K | 117,200 ▼900K |
| Jewelry gold price - Phuc Loc Tai Gold 999.9 | 114,200 ▼1300K | 117,200 ▼900K |
| Jewelry gold price - Jewelry gold 999.9 | 114,200 ▼800K | 116,700 ▼800K |
| Jewelry gold price - Jewelry gold 999 | 114,080 ▼800K | 116,580 ▼800K |
| Jewelry gold price - Jewelry gold 9920 | 113,370 ▼790K | 115,870 ▼790K |
| Jewelry gold price - Jewelry gold 99 | 113,130 ▼800K | 115,630 ▼800K |
| Jewelry gold price - 750 gold (18K) | 80,180 ▼600K | 87,680 ▼600K |
| Jewelry gold price - 585 gold (14K) | 60,920 ▼470K | 68,420 ▼470K |
| Jewelry gold price - 416 gold (10K) | 41,200 ▼330K | 48,700 ▼330K |
| Jewelry gold price - 916 gold (22K) | 104,500 ▼730K | 107,000 ▼730K |
| Jewelry gold price - 610 gold (14.6K) | 63,840 ▼490K | 71,340 ▼490K |
| Jewelry gold price - 650 gold (15.6K) | 68,510 ▼520K | 76,010 ▼520K |
| Jewelry gold price - 680 gold (16.3K) | 72,010 ▼540K | 79,510 ▼540K |
| Jewelry gold price - 375 gold (9K) | 36,410 ▼300K | 43,910 ▼300K |
| Jewelry gold price - 333 gold (8K) | 31,160 ▼270K | 38,660 ▼270K |
| 3. SJC - Updated: 5/8/2025 18:30 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 118,500 ▼1700K | 120,500 ▼1700K |
| SJC gold 5 chi | 118,500 ▼1700K | 120,520 ▼1700K |
| SJC gold 0.5 chi, 1 chi, 2 chi | 118,500 ▼1700K | 120,530 ▼1700K |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 114,000 ▼1500K | 116,500 ▼1500K |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 114,000 ▼1500K | 116,600 ▼1500K |
| Jewelry 99.99% | 114,000 ▼1500K | 115,900 ▼1500K |
| Jewelry 99% | 110,252 ▼1485K | 114,752 ▼1485K |
| Jewelry 68% | 72,469 ▼1020K | 78,969 ▼1020K |
| Jewelry 41.7% | 41,985 ▼625K | 48,485 ▼625K |
Update gold price today May 8, 2025 latest on the world market
At the time of trading at 6:30 p.m. on May 8, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,343.89 USD/ounce. Converted according to the USD exchange rate on the free market (26,140 VND/USD), the world gold price is equivalent to about 105.8 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (118.5-120.5 million VND/tael), the SJC gold price is currently about 14.7 million higher than the international gold price.
Gold prices today, May 8, 2025, on the world market witnessed a decline after a slight increase earlier. Spot gold prices fell 0.6% to $3,344.39/ounce. The main reason was information about a potential trade deal between the US and the UK, helping to ease global trade tensions. As tensions ease, gold - considered a safe haven in times of uncertainty - becomes less attractive to investors.
US President Donald Trump has recently hinted at a “major trade deal” with the UK, which is expected to be announced on May 8, 2025. British Prime Minister Keir Starmer is also set to provide an update on trade talks between the two countries. These positive signals have strengthened the US dollar, reducing the appeal of gold, as gold tends to be more expensive when the US dollar is stronger. According to Nitesh Shah of WisdomTree, the deal could strengthen the US dollar, thereby reducing the rise in gold prices.
In addition, trade talks between the US and China in Switzerland this weekend are also attracting attention. If these discussions yield positive results, demand for gold as a safe asset could continue to decline. However, China is still supporting gold prices by increasing imports. The People's Bank of China recently allowed commercial banks to buy foreign currency to import gold with a larger quota. This move will continue to maintain demand for gold, helping to prevent prices from falling too far, according to Han Tan, an analyst at Exinity Group.
Another factor affecting gold prices today, May 8, 2025, is geopolitical tensions between India and Pakistan. Pakistan said it shot down 12 Indian drones that violated its airspace, following Indian attacks on several targets in Pakistan. According to Ole Hansen of Saxo Bank, this situation could increase demand for gold as a safe haven, although the extent of the impact is still unclear. In times of uncertainty, gold is often favored because of its ability to retain value.
Regarding other precious metals, silver prices increased slightly by 0.1% to 32.51 USD/ounce, platinum increased by 0.7% to 981.09 USD/ounce, while palladium decreased by 1% to 962.91 USD/ounce. In general, gold prices today, May 8, 2025, are affected by many factors, from international trade to geopolitical tensions. Investors need to closely monitor developments to make appropriate decisions.
Gold price forecast tomorrow 5/9/2025
Gold price on May 9, 2025 is the center of attention when the world gold market recorded many changes. As of 6:30 p.m. on May 8, 2025 (Vietnam time), the spot gold price according to Kitco reached 3,343.89 USD/ounce. If converted according to the USD exchange rate on the free market (26,140 VND/USD), the world gold price is equivalent to about 105.8 million VND/tael, excluding taxes and fees. Meanwhile, the domestic SJC gold bar price fluctuates from 118.5 to 120.5 million VND/tael, about 14.7 million VND higher than the international gold price. So, how will the gold price change tomorrow?
The world gold market is currently being affected by many factors. China, one of the largest gold consumers, has just made an important move. The People's Bank of China has allowed commercial banks to buy US dollars to import more gold, after increasing import quotas. This shows that the demand for gold in China is very high, which can help prevent gold prices from falling too deeply. In addition, China has also taken measures such as reducing interest rates and pumping money into the market to support the economy, which is under pressure from trade tensions with the US.
However, the world gold price is still fluctuating strongly because of the unstable global economic and geopolitical situation. Gold is considered a safe haven in times of instability, especially when the price of gold peaked at 3,500 USD/ounce last month. The changes in China's policies show that they are trying to stabilize the economy, but at the same time, they also reflect the difficulties that the world is facing, from trade tensions to currency fluctuations.
With the current trend, the domestic gold price on May 9, 2025 is likely to decrease slightly, following the developments of the world market. The SJC gold price may adjust down in tomorrow morning's trading session, but the decrease is not too large thanks to the demand for gold from China. Gold buyers need to closely monitor information from reputable sources such as Kitco, PNJ or SJC to seize opportunities. The gold market is still volatile, promising notable developments tomorrow.
Source: https://baoquangnam.vn/du-bao-gia-vang-ngay-mai-9-5-2025-gia-vang-trong-nuoc-va-the-gioi-don-them-dot-giam-moi-3154391.html
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