Domestic gold ring prices today are adjusted up by brands.

This afternoon, SJC Company traded gold rings of type 1-5 at only 111.5-114.5 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling compared to the closing price last week.

This afternoon, Doji Gold and Gemstone Group also listed the price of 9999 gold rings at 111.5-114.5 million VND/tael (buy - sell), also increasing by 500 thousand VND/tael in both buying and selling compared to the end of last week.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 111,500,000 + 500,000 114,500,000 + 500,000
Doji 111,500,000 + 500,000 114,500,000 + 500,000

                      SJC and Doji gold ring price list updated on the afternoon of May 19

In today's trading session (May 19), the price of SJC 9999 gold increased by 1.3 million VND/tael for buying and 800 thousand VND/tael more expensive for selling compared to the end of last week's trading session, up to 116.8-119.3 million VND/tael (buying - selling).

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 116,800,000 + 1,300,000 119,300,000 + 800,000
Doji Hanoi 116,800,000 + 1,300,000 119,300,000 + 800,000
Doji HCMC 116,800,000 + 1,300,000 119,300,000 + 800,000

                        SJC and Doji gold bar price list updated on the afternoon of May 19

The central exchange rate on May 19 announced by the State Bank was 24,970 VND/USD, up 10 VND compared to the previous trading session. The USD price at commercial banks today (May 19) is commonly listed at 25,740 VND/USD (buy) and 26,130 VND/USD (sell).

At 4:10 p.m. today (May 19, Vietnam time) , the world spot gold price was at 3,242.8 USD/ounce, up 42.7 USD/ounce compared to last night. The price of gold futures for June 2025 on the Comex New York floor was at 3,245 USD/ounce.

On the afternoon of May 19, the world gold price converted to USD bank price was over 103.2 million VND/tael, including tax and fees, about 16.1 million VND/tael lower than the domestic gold price.

In the first session of last week (May 12), the price of SJC 9999 gold was adjusted down by 1 million VND/tael, to 119-121 million VND/tael (buy - sell). In the session of May 13, SJC gold bars increased by 1.3 million VND/tael, retaking the mark of 120 million VND/tael. In the following sessions, domestic gold prices were adjusted down following the trend of the world market.

At the end of the week, the price of SJC 9999 gold on May 17 was listed at 115.5-118.5 million VND/tael (buy - sell). SJC listed the price of gold rings of type 1-5 at only 111-114 million VND/tael (buy - sell), while Doji plain rings also had similar prices.

Gold prices on Kitco ended the trading week at $3,200.1/ounce. Meanwhile, gold futures for June 2025 delivery on the Comex (New York) floor traded at $3,205/ounce.

According to the weekly Kitco News gold survey, experts are increasingly pessimistic about the outlook for gold prices.

Ricardo Evangelista, senior analyst at ActivTrades, said gold prices could continue to fall as overall investor sentiment improves. However, he noted that the decline in gold may be limited.

Weaker-than-expected U.S. economic data reinforced market expectations that the Federal Reserve will cut interest rates. This weighed on the dollar and reduced U.S. Treasury yields, which typically support non-yielding assets like gold.

However, it is unlikely that gold prices will fall much further than current levels. Despite recent signs of optimism on trade and geopolitics, uncertainty remains the dominant factor for investors in the market.

Ole Hansen, head of commodity strategy at Saxo Bank, said he takes a wait-and-see approach on gold.

Despite the recent pullback, central bank buying, geopolitical risks, sovereign debt concerns and inflationary demand remain unchanged. These factors are expected to continue to support gold prices in the long term.

Financial markets are focusing on Fed officials' remarks and key US economic data, such as weekly jobless claims, the S&P Global Preliminary PMI (both manufacturing and services) and the April home sales report.

Fed Chairman Jerome Powell is scheduled to speak on May 25. Analysts expect Powell to provide clearer signals on the path of monetary policy amid rising inflation.

gold (52).jpg
Gold prices are expected to decrease. Photo: Chi Hieu

Gold Price Forecast

Some analysts say that gold will face many difficulties in terms of room to decrease in the coming time. Investors are tending to wait and watch for fluctuations in global market sentiment. Although there are no obvious signs of panic, analysts warn that gold prices need to find new support levels soon.

The sell-off last week marked the sharpest decline since mid-June 2021.

Gold suffered its biggest weekly decline since November, falling 4.25%, said Marc Chandler, chief executive officer at Bannockburn Global Forex. Momentum indicators are showing signs of overbought conditions, but that may not stop further profit-taking.

According to Chandler's analysis, gold price breaking the $3,120 threshold could open up the risk of a deeper decline, to the $3,030-3,045/ounce range.

Mr. Chandler also said that US bond yields had mixed developments, while the USD index increased for the fourth consecutive week.

Alex Kuptsikevich, senior market analyst at FxPro, said that the appeal of gold as a safe haven asset is waning as the level of uncertainty in financial markets has eased. This development is putting pressure on gold prices to adjust downward, at one point reaching a low of around $3,120/ounce.

He said the moves last month could signal the start of a deeper correction after a three-year bull run. Selling pressure was fueled by gold prices remaining high, which has shifted capital into stocks.

The bond market is also moving in a similar direction, he noted, with government bond yields rising, increasing the relative attractiveness of bonds compared to gold, an asset that offers no yield.

Source: https://vietnamnet.vn/gia-vang-hom-nay-19-5-2025-vang-sjc-va-nhan-tron-ra-sao-2402356.html