Gold price today, May 10: Strong increase

World gold price today increased by tens of USD/ounce

By early May 10, the world gold price closed the weekend at 3,325 USD/ounce, a sharp increase of 53 USD, compared to the lowest price in last night's trading session of 3,272 USD/ounce.

The strong rise in gold prices is attributed by analysts to the increasing interest in this precious metal as geopolitical tensions persist.

Over the past 25 years, gold’s average daily price volatility has ranged from 1% to 2%. However, since the start of 2025, the average daily price volatility has been 2.3%. Higher volatility makes gold trading more difficult; however, gold’s long-term potential remains intact as rising global debt levels and inflation risks continue to dominate investor sentiment.

Data continues to show that investors are increasingly turning to gold as demand continues to rise. Asian investors bought 69.6 tonnes of gold in April 2025, according to the World Gold Council. Meanwhile, North American gold funds recorded inflows of 44.2 tonnes.

With such strong demand, it is not surprising that more and more banks predict that from now until the end of 2025, world gold prices will continue to rise.

In Vietnam, as of the end of May 9, the listed price of SJC gold was 121.5 million VND/tael (selling price), while the price of gold rings reached 116.5 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-10-5-bat-tang-manh-me-19625051006275839.htm