At the end of the session on May 12 , the price of gold bars at SJC closed at 117.2-119.2 million VND/tael (buy - sell), down 2.8 million VND/tael in both buying and selling compared to the end of the trading session last weekend.

At the end of the session, the price of 1-5 chi SJC gold rings and the price of 9999 gold rings at Doji were listed at 112.5-115 million VND/tael (buy - sell), down 2 million VND/tael in both buying and selling compared to the closing price last week.

This afternoon, the world gold price continued to decline. At 2:37 p.m. today (May 12, Vietnam time), the world spot gold price was at 3,233.9 USD/ounce, down 39.8 USD/ounce compared to early this morning.

Domestic gold prices this afternoon were also adjusted down following developments in the world market.

At the end of the session on May 12, the price of SJC 9999 gold was adjusted to 117.2-119.2 million VND/tael (buy - sell), a further decrease of 800 thousand VND/tael in both buying and selling compared to early this afternoon.

At 2:30 p.m., the price of SJC 9999 gold was listed at 118-120 million VND/tael (buy - sell), down another 1 million VND/tael in both buying and selling compared to this morning.

Domestic gold ring prices early this afternoon were also adjusted down by brands.

At 2:30 p.m., SJC Company reduced the price of gold rings of type 1-5 to only 112.5-115 million VND/tael (buy - sell), a further decrease of 1 million VND/tael in both buying and selling compared to early this morning.

Similarly, this afternoon, Doji Gold and Gemstone Group also pulled the price of 9999 gold rings to 112.5-115 million VND/tael (buy - sell), down another 1 million VND/tael in both directions compared to early this morning.

Domestic gold ring prices early this morning were adjusted down by brands following the trend of world gold prices.

Early this morning, SJC Company listed the price of gold rings of type 1-5 at only 113.5-116 million VND/tael (buy - sell), down 1 million VND per tael in both buying and selling compared to the closing price last week.

Doji Gold and Gemstone Group early this morning also listed the price of 9999 gold rings at 113.5-116 million VND/tael (buy - sell), down 1 million VND per tael in both buying and selling compared to the end of the trading session last weekend.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 112,500,000 - 2,000,000 115,000,000 - 2,000,000
Doji 112,500,000 - 2,000,000 115,000,000 - 2,000,000

                          SJC and Doji gold ring price list updated on the afternoon of May 12

Opening the trading session on May 12, the price of SJC 9999 gold was adjusted down by 1 million VND/tael in both buying and selling compared to the closing session last weekend, to 119-121 million VND/tael (buying - selling).

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 117,200,000 - 2,800,000 119,200,000 - 2,800,000
Doji Hanoi 117,200,000 - 2,800,000 119,200,000 - 2,800,000
Doji HCMC 117,200,000 - 2,800,000 119,200,000 - 2,800,000

                        SJC and Doji gold bar price list updated on the afternoon of May 12

The central exchange rate on May 12 announced by the State Bank was 24,945 VND/USD, down 6 VND compared to the previous trading session. The USD price at commercial banks this morning (May 12) was commonly listed at 25,750 VND/USD (buy) and 26,140 VND/USD (sell).

At 9:18 a.m. today (May 12, Vietnam time) , the world spot gold price was at 3,273.7 USD/ounce, down 49.3 USD/ounce compared to the close last week. The gold futures price for June 2025 on the Comex New York floor was at 3,270 USD/ounce.

On the morning of May 12 , the world gold price converted to USD bank price was over 104.1 million VND/tael, including tax and fees, about 16.9 million VND/tael lower than the domestic gold price.

After a long holiday, domestic gold prices fell by VND1.5 million/tael in the first session of the week (May 5). Gold bar prices at SJC closed at VND117.8-119.8 million/tael (buy - sell). SJC gold ring prices of 1-5 chi were listed at VND112.5-115 million/tael (buy - sell).

In the session of May 6, the price of gold bars at SJC increased by 2.4 million VND/tael; the price of 1-5 chi gold rings at SJC and the price of 9999 gold rings at Doji increased by 3 million VND/tael.

In the two sessions of May 7-8, domestic gold prices adjusted down; SJC gold alone “evaporated” more than 2 million VND. By the end of the week (May 9), domestic gold prices reversed and increased again.

At the end of the session on May 10, the price of gold bars at SJC closed at 120-122 million VND/tael (buy - sell). The price of 1-5 chi gold rings at SJC and the price of 9999 gold rings at Doji were listed at 114.5-117 million VND/tael (buy - sell).

Since the beginning of the week, the price of SJC gold bars has increased by 2.2 million VND/tael, and SJC gold rings have increased by 2 million VND/tael.

Gold prices on the Kitco floor closed the trading week at $3,323/ounce. Gold futures for June 2025 delivery on the Comex New York floor traded at $3,344/ounce.

This week's batch of important economic data is expected to provide clearer clues about the health of the US economy and the direction of monetary policy of the US Federal Reserve (Fed).

In particular, inflation indicators (CPI and PPI) and retail sales will be key factors in assessing price pressures and consumer purchasing power. Any signs of cooling inflation or slowing economic growth could reinforce expectations that the Fed will soon ease monetary policy.

"Fed Chairman Jerome Powell is scheduled to speak in Washington, DC at the same time as the economic data is released, promising to provide important signals on the direction of monetary policy..

Adam Button, head of currency strategy at Forexlive, said signs of easing trade tensions between the US and China have dampened the bullish momentum in gold. Mr. Button stressed the importance of the meeting between the US and China.

“I don’t think there’s a meeting without something being planned, so both sides have eased off a little bit. I think any progress in that direction would be negative for gold in the short term,” he said.

Gold Price Forecast

Kitco News’ weekly gold survey shows that experts are cautious amid a number of factors that could make the gold market unpredictable in the short term, while retail traders remain bullish following the precious metal’s solid rally.

Marc Chandler, CEO of Bannockburn Global Forex, said that gold prices are still experiencing a volatile trading period. However, the conflict between India and Pakistan could be a supportive factor and the news that the People's Bank of China (PBOC) continued to buy gold last month is also a positive sign.

In terms of upcoming economic data, Mr. Chandler predicts that the US CPI will likely be little changed from the core inflation rate and the headline inflation rate compared to the same period last year. Gold prices may have notable support around $3,200/ounce and slight resistance around $3,400/ounce.

According to Alex Kuptsikevich, senior market analyst at FxPro, the spot gold price hitting $3,500 and slightly exceeding it in some futures contracts on April 22 triggered a strong sell-off.

The mixed performance of the past week (up and down) came after a sharp sell-off from the top. This is similar to last April, suggesting there may be a seasonal element at play.

Kuptsikevich noted that a year ago, the market saw three months of consolidation before a new rally. “We are assuming a sideways price scenario, but that still leaves room for a large-scale sell-off that could push gold down to $2,800 before the end of the year,” he said.

With the fluctuating world gold price, what will happen next? The world gold price has been continuously adjusted in the past week due to conflicting information from the market and the US-China trade tension. What will happen to the gold price in the future?

Source: https://vietnamnet.vn/gia-vang-hom-nay-12-5-2025-sjc-va-nhan-tich-luy-cho-dot-tang-moi-2399959.html