Domestic gold price today
Domestic gold bar prices are stable. At the end of May 18, gold brands were buying at VND115.5 million/tael and selling at VND118.5 million/tael. Phu Quy SJC gold was buying at VND500,000 lower than other brands.
Similarly, gold rings of various brands also maintained the buying and selling prices of yesterday morning. Specifically, the price of SJC 9999 gold rings was fixed at 111 million VND/tael for buying and 114 million VND/tael for selling.
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| Domestic gold prices are stable. Photo: dantri.com.vn |
DOJI in Hanoi and Ho Chi Minh City markets listed gold price at 111 million VND/tael for buying and 114 million VND/tael for selling.
The price of Bao Tin Minh Chau brand gold rings is fixed at 114 million VND/tael for buying and 117 million VND/tael for selling.
Phu Quy SJC is buying gold rings at 111.8 million VND/tael and selling at 114.8 million VND/tael, unchanged from early this morning.
PNJ brand gold ring price is listed at 111 million VND/tael for buying and 114 million VND/tael for selling.
Domestic gold bar prices updated at 5:30 a.m. on May 19 as follows:
Yellow | Area | Early morning 18-5 | Early morning 19-5 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 115.5 | 117.5 | 115.5 | 117.5 | - | - | ||||
Ho Chi Minh City | 115.5 | 117.5 | 115.5 | 117.5 | - | - | ||||
SJC | Ho Chi Minh City | 115.5 | 117.5 | 115.5 | 117.5 | - | - | |||
Hanoi | 115.5 | 117.5 | 115.5 | 117.5 | - | - | ||||
Danang | 115.5 | 117.5 | 115.5 | 117.5 | - | - | ||||
PNJ | Ho Chi Minh City | 115.5 | 117.5 | 115.5 | 117.5 | - | - | |||
Hanoi | 115.5 | 117.5 | 115.5 | 117.5 | - | - | ||||
Bao Tin Minh Chau | Nationwide | 115.5 | 117.5 | 115.5 | 117.5 | - | - | |||
Phu Quy SJC | Nationwide | 115 | 117.5 | 115 | 117.5 | - | - | |||
World gold price today
Amid rising risk sentiment in the market, both experts and retail investors predict that gold prices may experience another week of decline this week.
Most analysts believe that the tariff news will continue to boost market sentiment, which will put pressure on the safe-haven metal. Adam Button, head of currency strategy at Forexlive.com, said that prices could fall to $3,000 an ounce.
According to Kevin Grady, president of Phoenix Futures and Options, investor interest in gold is waning and many have withdrawn from the market. He said that prices are likely to decline in the short to medium term, with prices forecast to test $3,000 an ounce.
VR Metals/Resource Letter expert Mark Leibovit is even more pessimistic, predicting that prices could fall to $2,900 an ounce.
Gold suffered its biggest weekly loss since November 2024, falling 4.25% last week, noted Marc Chandler, CEO of Bannockburn Global Forex. "Profit taking could continue. A break below $3,120 an ounce could open the door to a drop to $3,030-$3,045 an ounce," Chandler said.
CEO Marc Chandler further stressed that central bank demand for gold is likely to decline due to recent record high prices.
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| World gold price is around 3,200 USD/ounce. Photo: Kitco |
“Gold’s safe-haven appeal has fundamentally diminished due to the decreasing level of uncertainty,” said Alex Kuptsikevich, senior market analyst at FxPro. “If gold can hold its 50-day moving average near $3,160 an ounce, the recent decline will be a correction after a previous rally.”
However, not all are predicting a short-term decline in gold. Darin Newsom, senior market analyst at Barchart.com, said that speculation about central banks continuing to add to their reserves is helping to maintain bullish sentiment on gold.
There will be few major data releases this week. The reports that will be of interest this week will be weekly jobless claims and home sales. Investors will also be looking to speeches from members of the US Federal Reserve for further clues on the future direction of policy.
With the domestic gold bar price stable and the world gold price listed at Kitco at 3,203.7 USD/ounce (equivalent to about 100.8 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 16.7 million VND/tael.
TRAN HO HOAI
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Source: https://baodaknong.vn/gia-vang-hom-nay-19-5-on-dinh-252943.html
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