Gold price this afternoon May 8, 2025: Domestic and world gold prices plummeted together

Update gold price this afternoon May 8, 2025 in domestic market

At the closing time of the gold price session on May 8, 2025, today's gold price on May 8, 2025 in the domestic market recorded a clear downward trend, attracting the attention of many investors. Specifically:

SJC gold price in Hanoi is listed at 118.5-120.5 million VND/tael (buy - sell), a decrease of 1.7 million VND/tael in both buying and selling compared to yesterday.

At DOJI Group, the price of SJC gold bars is listed at 118.5-120.5 million VND/tael (buy - sell), with a decrease of 1.7 million VND/tael in both buying and selling directions compared to yesterday.

At the same time, Mi Hong gold price at Mi Hong Jewelry Company was listed at 118.5-120.5 million VND/tael (buy - sell), a decrease of 1.8 million VND/tael in both buying and selling directions compared to yesterday.

PNJ gold price at PNJ Jewelry Company is traded at 114.2-117.2 million VND/tael (buy - sell), with a decrease of 1.3 million VND/tael in buying price and a decrease of 900 thousand VND/tael in selling price compared to yesterday.

At Vietinbank Gold, the gold price is listed at an undisclosed level for buying, but the selling price is 120.5 million VND/tael, down 1.7 million VND/tael compared to yesterday.

Bao Tin Minh Chau gold price is traded by businesses at 118.3-120.5 million VND/tael (buy - sell), with a decrease of 1.9 million VND/tael in the buying direction and a decrease of 1.7 million VND/tael in the selling direction compared to yesterday.

Finally, the gold price at Phu Quy was listed at 117.5-120.5 million VND/tael (buy - sell), with a decrease of 1.2 million VND/tael in both buying and selling directions compared to yesterday.

As of 2:30 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.

Gold price this afternoon May 8, 2025 decreased sharply, domestic price lost up to 1.8 million VND/tael

Thus, today's gold price on May 8, 2025 witnessed a sharp downward trend across the market, making many people interested in the next developments of the domestic gold market. Follow the closing price of gold on May 8, 2025 to update the latest fluctuations!

Gold price list this afternoon May 8, 2025 in the country in detail:

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: 5/8/2025 14:30 - 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 14:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type	Buy	Sell
HCMC - PNJ	114,200,000 ▼1300K	117,200,000 ▼900K
HCMC - SJC	118,500,000 ▼1700K	120,500,000 ▼1700K
Hanoi - PNJ	114,200,000 ▼1300K	117,200,000 ▼900K
Hanoi - SJC	118,500,000 ▼1700K	120,500,000 ▼1700K
Da Nang - PNJ	114,200,000 ▼1300K	117,200,000 ▼900K
Da Nang - SJC	118,500,000 ▼1700K	120,500,000 ▼1700K
Western Region - PNJ	114,200,000 ▼1300K	117,200,000 ▼900K
Western Region - SJC	118,500,000 ▼1700K	120,500,000 ▼1700K
Jewelry gold price - PNJ	114,200,000 ▼1300K	117,200,000 ▼900K
Jewelry gold price - SJC	118,500,000 ▼1700K	120,500,000 ▼1700K
Jewelry gold price - Southeast	PNJ	114,200,000 ▼1300K
Jewelry gold price - SJC	118,500,000 ▼1700K	120,500,000 ▼1700K
Jewelry gold price - Jewelry gold price	PNJ 999.9 Plain Ring	114,200,000 ▼1300K
Jewelry gold price - Kim Bao Gold 999.9	114,200,000 ▼1300K	117,200,000 ▼900K
Jewelry gold price - Phuc Loc Tai Gold 999.9	114,200,000 ▼1300K	117,200,000 ▼900K
Jewelry gold price - Jewelry gold 999.9	114,200,000 ▼800K	116,700,000 ▼800K
Jewelry gold price - Jewelry gold 999	114,080,000 ▼800K	116,580,000 ▼800K
Jewelry gold price - Jewelry gold 99	113,130,000 ▼800K	115,630,000 ▼800K
Jewelry gold price - 750 gold (18K)	80,180,000 ▼600K	87,680,000 ▼600K
Jewelry gold price - 585 gold (14K)	60,920,000 ▼470K	68,420,000 ▼470K
Jewelry gold price - 416 gold (10K)	41,200,000 ▼330K	48,700,000 ▼330K
Jewelry gold price - 916 gold (22K)	104,500,000 ▼730K	107,000,000 ▼730K
Jewelry gold price - 610 gold (14.6K)	63,840,000 ▼490K	71,340,000 ▼490K
Jewelry gold price - 650 gold (15.6K)	68,510,000 ▼520K	76,010,000 ▼520K
Jewelry gold price - 680 gold (16.3K)	72,010,000 ▼540K	79,510,000 ▼540K
Jewelry gold price - 375 gold (9K)	36,410,000 ▼300K	43,910,000 ▼300K
Jewelry gold price - 333 gold (8K)	31,160,000 ▼270K	38,660,000 ▼270K

3. SJC - Updated: 5/8/2025 14:30 - Source website time - ▼/▲ 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 this afternoon 5/8/2025 in the world

At the time of trading at 2:27 p.m. on May 8, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,338.17 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 105.62 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 14.88 million higher than the international gold price.

Gold prices this afternoon, May 8, 2025, are attracting great attention in the world market, and in China, some important changes related to gold have taken place. The People's Bank of China has just allowed some commercial banks to buy foreign currency, specifically US dollars, to import gold. This was done after they increased the gold import quota last month. Simply put, this quota is like a "limit" set by the central bank to control the amount of gold imported into China - the world's largest gold consumer.

The increase in quotas and the ability to buy dollars to import gold come as China tries to revive its economy. The government has recently announced a series of support measures, such as cutting interest rates and pumping large amounts of money into the market. These steps are aimed at easing the economic difficulties that China is facing, especially due to the trade war with the United States. By importing more gold, banks can meet the growing demand for gold domestically, while also helping to prevent the Chinese currency (called the yuan) from appreciating too quickly. If the currency appreciates sharply, Chinese exports will become more expensive, causing difficulties for exporters who are already under great pressure from US tariffs.

Gold prices today, May 8, 2025, on the world market are also being affected by these uncertainties. Gold is often considered a "safe haven" when there are many economic or political risks. Last month, gold prices hit a record high of $ 3,500 per ounce (about 28.3 grams), due to concerns about trade wars and strong demand for gold investments in China and many other places. When the market fluctuated, many investors withdrew money from US assets and transferred it to Asia, causing the yuan and other currencies in the region to appreciate.

In short, China's adjustment of its gold import policy not only helps meet domestic demand but also helps stabilize the economy amid strong fluctuations in gold prices on the world market today, May 8, 2025. However, these changes also reflect the global economic situation facing many challenges, especially from the trade conflict between the two major powers, the US and China.

Source: https://baoquangnam.vn/gia-vang-chieu-nay-8-5-2025-gia-vang-trong-nuoc-va-the-gioi-cung-nhau-lao-doc-khong-branh-3154370.html