Domestic gold prices stopped trading today due to the April 30-May 1 holiday.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 119,300,000 | 0 | 121,300,000 | 0 |
| Doji Hanoi | 119,300,000 | 0 | 121,300,000 | 0 |
| Doji HCMC | 119,300,000 | 0 | 121,300,000 | 0 |
SJC and Doji gold bar price list updated on the morning of May 1
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 114,000,000 | 0 | 116,500,000 | 0 |
| Doji | 114,000,000 | 0 | 116,500,000 | 0 |
SJC and Doji gold ring price list updated on the morning of May 1
At 8:23 a.m. today (May 1, Vietnam time) , the world spot gold price was at 3,243.4 USD/ounce, down 59.6 USD/ounce compared to last night. The price of gold futures for June 2025 on the Comex New York floor was at 3,255 USD/ounce.
On the morning of May 1 , the world gold price converted to USD bank price was over 103.4 million VND/tael, including tax and fees, about 17.9 million VND/tael lower than the domestic gold price.
As of 8:30 p.m. on April 30 (Vietnam time), the spot gold price today on the international market was at $3,303/ounce. Gold for June 2025 delivery on the Comex New York floor was at $3,311/ounce.
The world gold price on the night of April 30 was about 60.1% higher (equivalent to 1,240 USD/ounce) than at the beginning of 2024. The world gold price converted to the bank USD price was 105.3 million VND/tael, including taxes and fees, about 16 million VND/tael lower than the domestic gold price as of the end of the afternoon session on April 30.
World gold prices fluctuate unpredictably. SJC gold bars and gold rings are still at very high levels.
In the trading session on April 30 in the Asian and European markets, the spot gold price fell sharply, at times reaching 3,270 USD/ounce. This was the lowest level last week. However, the gold price increased sharply again in the New York market and rose above the threshold of 3,300 USD/ounce.
The previous drop in world gold prices was mainly due to profit-taking selling pressure after the commodity increased sharply since the beginning of the year and many other markets stabilized. Cash flow poured into buying the bottom of riskier assets.
However, gold prices rebounded after the US released less positive economic data.
The recently released US ADP employment report for April was a huge disappointment, with 62,000 new jobs created, much lower than the expected 120,000 jobs.
In addition, US first-quarter GDP fell 0.3% from the previous quarter and compared with expectations of a 0.4% increase.
These figures have led many to bet that the US Federal Reserve (Fed) will lower interest rates sooner than expected. The US dollar will decline, thereby pushing gold prices up.
Domestically, gold prices remained around VND120 million/tael. Specifically, by the end of the trading session on April 29 (before the holiday), the price of 9999 gold bars at SJC and Doji was listed at VND119.3-121.3 million/tael (buy - sell), an increase of VND1.8 million in both buying and selling prices compared to the previous session.
The price of gold rings also remained high. By the end of the afternoon of April 29, SJC announced the price of gold rings of type 1-5 at only 114-116.5 million VND/tael (buy - sell), an increase of 1.5 million VND in both buying and selling compared to the previous session. Doji listed the price of 9999 round gold rings at 114-116.5 million VND/tael (buy - sell), an increase of the same amount.
Gold Price Forecast
Recently, the world gold price has fluctuated unpredictably, and it seems difficult to increase further due to constant profit-taking pressure. However, the downward adjustment is not strong.
According to experts from SP Angel, some stock markets have stabilized, US Treasury yields have fallen, and the US stock market volatility index (VIX) has also fallen. This has created strong selling pressure in the gold market.
Still, one question remains unanswered: Is the worst of the trade tariff fears over? If so, then global stock markets have hit a major bottom. If not, then a more gloomy scenario of prolonged stock market weakness and even a global recession is more likely.
China's economy is starting to feel the effects of its trade war with the US. China's new export orders fell sharply in April to their lowest level since the pandemic, with overall manufacturing activity at its weakest in more than a year.
According to Dow Jones Newswires, "the sharp decline suggests that US President Donald Trump's shock tariffs on Chinese imports are starting to choke the engine of China's economy, putting pressure on Beijing to step up stimulus efforts to support growth."
Source: https://vietnamnet.vn/gia-vang-hom-nay-1-5-2025-sut-giam-roi-hoi-phuc-sjc-va-nhan-tron-tren-dinh-2396855.html
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