Gold price today May 19: Just opened, all increased again

Domestic gold prices opened on May 19 with a strong recovery, increasing by nearly 1 million VND per tael compared to the end of last week, in the context of rising world gold prices.

Specifically, businesses such as SJC, PNJ, DOJI listed the price of SJC gold bars at around 116.8 million VND/tael (buy) and 119.3 million VND/tael (sell) - an increase of about 800,000 VND/tael compared to the weekend trading session.

Similarly, the price of 99.99% gold rings and jewelry gold also increased by about VND500,000/tael, to VND111.5 million/tael (buy) and VND114.5 million/tael (sell).

This is a reversal after domestic gold prices plummeted last weekend, dropping millions of dong per tael.

Domestic gold price increased again when trading opened

Domestic gold prices increased following the recovery trend of the international market. According to records, the spot gold price on the world market on the morning of May 19 reached 3,222 USD/ounce, an increase of about 20 USD/ounce compared to the session at the end of last week.

However, many analysts believe that gold prices will find it difficult to make a strong breakthrough in the short term because some risk factors have gradually stabilized, such as the tariff situation in the US and major economies . In addition, the USD remains high, continuing to put pressure on global gold prices.

Despite the increase, the domestic gold price is still much different from the international market. If converted at the current exchange rate, the world gold price is equivalent to about 101.4 million VND/tael – much lower than the selling price of SJC gold (119.3 million VND/tael) and gold rings (114.5 million VND/tael).

SJC gold bar price is at a low level last week, although it has increased again by nearly 1 million VND this morning.

Source: https://nld.com.vn/gia-vang-hom-nay-19-5-vua-mo-cua-dong-loat-tang-tro-lai-196250519085600522.htm