At the end of the session on May 20 , the price of gold bars at SJC closed at 116.8-119.3 million VND/tael (buy - sell), equal to the closing price of yesterday's trading session.

At the end of the session, the price of SJC gold rings of 1-5 chi was listed at 111-114 million VND/tael (buy - sell), down 500 thousand VND/tael in both buying and selling compared to yesterday's closing price.

The price of 9999 gold rings at Doji closed the session at 111.5-114 million VND/tael, unchanged in the buying direction but down 500 thousand VND/tael in the selling direction compared to the closing price yesterday.

Domestic gold ring prices this morning were adjusted down by brands.

Early this morning, SJC Company reduced the price of gold rings of type 1-5 only to 111-114 million VND/tael (buy - sell), down 500 thousand VND/tael in both buying and selling compared to yesterday's closing price.

Doji Gold and Gemstone Group early this morning listed the price of 9999 gold rings at 111.5-114 million VND/tael (buy - sell), unchanged at the buying price but down 500 thousand VND/tael at the selling price compared to the end of yesterday's trading session.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 111,000,000 - 500,000 114,000,000 - 500,000
Doji 111,500,000 0 114,000,000 - 500,000

                      SJC and Doji gold ring price list updated on the morning of May 20

At the beginning of the trading session on May 20, the price of SJC 9999 gold remained the same as the closing price of yesterday's trading session, trading at 116.8-119.3 million VND/tael (buy - sell).

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 116,800,000 0 119,300,000 0
Doji Hanoi 116,800,000 0 119,300,000 0
Doji HCMC 116,800,000 0 119,300,000 0

                  SJC and Doji gold bar price list updated on the morning of May 20

The central exchange rate on May 20 announced by the State Bank was 24,968 VND/USD, down 2 VND compared to the previous trading session. The USD price at commercial banks this morning (May 20) was commonly listed at 25,750 VND/USD (buy) and 26,140 VND/USD (sell).

At 11:47 a.m. today (May 20, Vietnam time) , the world spot gold price was at 3,212.7 USD/ounce, down 18.3 USD/ounce compared to last night. The price of gold futures for June 2025 on the Comex New York floor was at 3,216.3 USD/ounce.

On the morning of May 20 , the world gold price converted to USD bank price was over 102.2 million VND/tael, including tax and fees, about 17.1 million VND/tael lower than the domestic gold price.

At the end of the session on May 19, the price of SJC 9999 gold increased by 1.3 million VND/tael for buying and 800,000 VND/tael for selling compared to the end of last week, up to 116.8-119.3 million VND/tael (buying - selling).

SJC Company and Doji Gold and Gemstone Group both traded gold rings at 111.5-114.5 million VND/tael (buy - sell), an increase of 500,000 VND/tael compared to the closing price last week.

The price of gold on the Kitco floor at 8:00 p.m. (May 19, Vietnam time) was trading at $3,231/ounce, up 0.92% from the beginning of the session. The price of gold futures for June 2025 delivery on the Comex New York floor was trading at $3,238/ounce.

Gold prices rose sharply in early US trading after ratings agency Moody's unexpectedly downgraded US government debt, along with lingering concerns about global trade.

Moody's downgraded the US's long-term credit rating from "Aaa" to "Aa1" last Friday due to the federal debt and fiscal deficit. Looking ahead, Moody's said it sees little hope that government spending will change significantly. The US no longer holds the highest credit rating from major credit rating agencies such as Fitch and S&P Global.

Financial markets were negatively affected after US Treasury Secretary Scott Bessent said in an interview on Sunday that trade tariffs would return to the levels announced on April 2 if countries did not negotiate with the US "in good faith".

The latest data shows that the trade war with the US has taken a toll on the Chinese economy, with tariffs and trade barriers directly reducing exports to the US market, which is an important pillar.

Gold prices rose sharply due to safe-haven demand amid a global stock market sell-off.

The US Dollar Index (DXY), which measures the greenback's performance against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 100.29 points.

gold (50).jpg
World gold prices increase. Photo: Thach Thao

According to newly released data from the International Monetary Fund (IMF), the USD continues to decline in its role as a global foreign exchange reserve. By the end of 2024, the greenback’s holdings will be only 57.8% of the total $12,360 billion in reserves held by countries, down 0.6 percentage points from the previous year.

Notably, this is the lowest proportion of the USD in the global foreign exchange reserve basket since 1995, when the IMF began compiling this data.

Nymex crude oil prices fell and traded around $62/barrel. The yield on the 10-year US Treasury note is currently at 4.546%.

Gold Price Forecast

According to analysts, the weakening of the US dollar is creating momentum for gold prices to increase. When the US dollar depreciates, gold becomes cheaper for investors holding other currencies, thereby boosting demand. In addition, in the context of a weak US dollar, gold is also considered an attractive safe haven, helping to preserve asset value.

Analysts say investors still need to be cautious amid ongoing global trade tensions, despite the US and China reaching a temporary 90-day tariff deal.

Market analyst Tim Waterer at KCM Trade said that the downgrade of the US credit rating by Moody's, along with the risk-off reaction from the market, has increased the price of gold.

ANZ Bank believes that gold prices may be supported around $3,200/ounce. However, if they fall below this level, gold prices may continue to fall to the $3,000-$3,145/ounce range.

Source: https://vietnamnet.vn/gia-vang-hom-nay-20-5-2025-sjc-tang-ca-trieu-moi-luong-2402788.html