At the end of the session on May 15 , the price of gold bars at SJC closed at 115.5-118.2 million VND/tael (buy - sell), down 2.5 million VND/tael for buying and down 1.8 million VND/tael for selling compared to the end of yesterday's trading session.
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 110.5-113.5 million VND/tael (buy - sell), down 2 million VND/tael for buying and down 1.5 million VND/tael for selling compared to yesterday's closing price.
This afternoon, the world gold price continued to decline. At 1:59 p.m. today (May 15, Vietnam time), the world spot gold price was at 3,149.7 USD/ounce, down 6.6 USD/ounce compared to early this morning.
Domestic gold prices this afternoon were also adjusted down following developments in the world market.
At 1:37 p.m., SJC's 9999 gold price was listed at 115.5-118.2 million VND/tael (buy - sell), 1.1 million VND/tael cheaper for buying and 700,000 VND/tael lower for selling compared to this morning.
Domestic gold ring prices this afternoon were also adjusted down by brands.
SJC Company reduced the price of gold rings of type 1-5 to only 110.5-113.5 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling compared to early this morning.
Similarly, this afternoon, Doji Gold and Gemstone Group also reduced the price of 9999 gold rings to 110.5-113.5 million VND/tael (buy - sell).
Domestic gold ring prices this morning were sharply reduced by brands.
Early this morning, SJC Company listed the price of gold rings of type 1-5 at only 111-114 million VND/tael (buy - sell), down 1.5 million VND/tael for buying and down 1 million VND/tael for selling compared to yesterday's closing price.
Doji Gold and Gemstone Group early this morning also listed the price of 9999 gold rings at 111.7-114.7 million VND/tael (buy - sell), down 800 thousand VND/tael for buying and down 300 thousand VND/tael for selling compared to the end of yesterday's trading session.
Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
SJC | 110,500,000 | - 2,000,000 | 113,500,000 | - 1,500,000 |
Doji | 110,500,000 | - 2,000,000 | 113,500,000 | - 1,500,000 |
SJC and Doji gold ring price list updated on the afternoon of May 15
Opening the trading session on May 15, the price of SJC 9999 gold decreased by 1.4 million VND/tael for buying and 1.1 million VND/tael for selling compared to the closing price of yesterday's trading session, down to 116.6-118.9 million VND/tael (buying - selling).
Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
SJC HCMC | 115,500,000 | - 2,500,000 | 118,200,000 | - 1,800,000 |
Doji Hanoi | 115,500,000 | - 2,500,000 | 118,200,000 | - 1,800,000 |
Doji HCMC | 115,500,000 | - 2,500,000 | 118,200,000 | - 1,800,000 |
SJC and Doji gold bar price list updated on the afternoon of May 15
The central exchange rate on May 15 announced by the State Bank was 24,970 VND/USD, down 3 VND compared to the previous trading session. The USD price at commercial banks this morning (May 15) was commonly listed at 25,710 VND/USD (buy) and 26,100 VND/USD (sell).
At 9:41 a.m. today (May 15, Vietnam time) , the world spot gold price was at 3,156.3 USD/ounce, down 58.7 USD/ounce compared to last night. The gold futures price for June 2025 on the Comex New York floor was at 3,160 USD/ounce.
On the morning of May 15 , the world gold price converted to USD bank price was nearly 100.3 million VND/tael, including tax and fees, about 18.6 million VND/tael lower than the domestic gold price.
As of 8:30 p.m. on May 14 (Vietnam time), the spot gold price today on the international market was at $3,215/ounce. Gold for June 2025 delivery on the Comex New York floor was at $3,217/ounce.
The world gold price on the night of May 14 was about 55.8% higher (equivalent to 1,152 USD/ounce) than at the beginning of 2024. The world gold price converted to the bank USD price was 102.2 million VND/tael, including taxes and fees, about 17.8 million VND/tael lower than the domestic gold price as of the end of the afternoon session on May 14.
World gold prices have fallen sharply as US President Donald Trump has taken bold steps in the Middle East, making investors expect stability to return to this volatile region as well as a breakthrough in the US economy.
US President Donald Trump kicked off his three-nation Gulf tour on May 13 in Saudi Arabia, where he and Crown Prince Mohammed bin Salman announced a $600 billion investment commitment to the US, marking a turning point in bilateral relations. Many major US technology corporations stand to benefit from the US-Saudi deal.
World gold price drops sharply, domestic SJC under great pressure. Photo: HH
In addition to the economic deals, Mr. Trump made notable statements on regional policy. He said he would lift all sanctions on Syria to give the country a chance to rebuild after the Assad regime collapsed late last year.
With Iran, Mr. Trump expressed his intention to negotiate a new nuclear deal. Mr. Trump also hoped that Saudi Arabia would soon normalize relations with Israel.
US stock indexes continued to rise strongly when opening the session on May 14. The Nasdaq technology index increased by more than 1.6%. The broad S&P 500 index increased by 0.72%...
Earlier, the US stock market had jumped sharply in the sessions of May 12 and 13 after the US and China agreed to temporarily cut tariffs following talks over the weekend in Switzerland, raising hopes that the trade war would not push the economy into recession.
Domestic gold prices decreased more slowly than the rate of decrease in the world market. Specifically, by the end of the trading session on May 14, the price of 9999 gold bars at SJC and Doji was listed at 118-120 million VND/tael (buy - sell), down 500,000 VND in both directions compared to the previous session.
The price of gold rings is at 112.5-115 million VND/tael (buy - sell), down 500,000 VND in both directions compared to the previous session.
Gold Price Forecast
Despite the sharp drop, gold prices are still above the threshold of 3,200 USD/ounce (equivalent to 101.7 million VND/tael).
Precious metals are still supported by demand from major market players, including central banks and gold ETFs.
Russia, China, Türkiye and the BRICS countries have been strong gold buyers for many years and are expected to continue to increase gold purchases to reduce dependence on the USD.
The US dollar is on a downward trend due to reduced demand from some countries and the possibility that the US Federal Reserve will continue to cut interest rates. This is a supporting factor for gold prices.
The Fed made a decision despite pressure from Mr. Trump, gold prices skyrocketed. The US Federal Reserve (Fed) kept interest rates unchanged at 4.25% - 4.5% after the meeting ended in the early morning of May 8. The Fed Chairman - a powerful man in the world's financial market - believes that he can respond to economic developments "in a timely manner".
Source: https://vietnamnet.vn/gia-vang-hom-nay-15-5-2025-sjc-chiu-ap-luc-lon-vang-the-gioi-lao-doc-2401172.html
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