At the end of the session on May 21 , the price of gold bars at SJC closed at 118.5-121 million VND/tael (buy - sell), an increase of 1.7 million VND/tael in both buying and selling compared 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 112-115 million VND/tael (buy - sell), an increase of 1 million VND/tael in both buying and selling compared to the end of yesterday's session.
The price of 9999 gold rings at Doji closed the session at 112.5-115 million VND/tael, an increase of 1 million VND/tael in both buying and selling compared to yesterday's closing price.
This afternoon, the world gold price continued to rise. At 2:36 p.m. today (May 21, Vietnam time), the world spot gold price was at 3,310.9 USD/ounce, up 20.3 USD/ounce compared to early this morning.
Following the same trend, domestic gold prices this afternoon were also adjusted up.
The price of SJC 9999 gold early this afternoon was adjusted to increase by 500 thousand VND/tael in both buying and selling compared to this morning, to 118.5-121 million VND/tael (buying - selling).
This afternoon, the price of gold rings was also adjusted up by some brands.
Doji Gold and Gemstone Group early this afternoon raised the price of 9999 gold rings to 112.5-115 million VND/tael (buy - sell), up 500 thousand VND/tael in the buying direction and unchanged in the selling direction compared to this morning.
Domestic gold ring prices this morning were adjusted to increase quite strongly by brands.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 112,000,000 | + 1,000,000 | 115,000,000 | + 1,000,000 |
| Doji | 112,500,000 | + 1,000,000 | 115,000,000 | + 1,000,000 |
SJC and Doji gold ring price list updated on the afternoon of May 21
Opening the trading session on May 21, the price of SJC 9999 gold increased by 1.2 million VND per tael in both buying and selling compared to the closing price of yesterday's trading session, to 118-120.5 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 118,500,000 | + 1,700,000 | 121,000,000 | + 1,700,000 |
| Doji Hanoi | 118,500,000 | + 1,700,000 | 121,000,000 | + 1,700,000 |
| Doji HCMC | 118,500,000 | + 1,700,000 | 121,000,000 | + 1,700,000 |
SJC and Doji gold bar price list updated on the afternoon of May 21
The central exchange rate on May 21 announced by the State Bank was 24,962 VND/USD, down 6 VND compared to the previous trading session. The USD price at commercial banks this morning (May 21) was commonly listed at 25,750 VND/USD (buy) and 26,140 VND/USD (sell).
At 8:39 a.m. today (May 21, Vietnam time) , the world spot gold price was at 3,290.6 USD/ounce, up 50.6 USD/ounce compared to last night.
On the morning of May 21 , the world gold price converted to USD bank price was over 104.7 million VND/tael, including tax and fees, about 15.8 million VND/tael lower than the domestic gold price.
As of 8:30 p.m. on May 20 (Vietnam time), the spot gold price today on the international market was at $3,240/ounce. Gold for June 2025 delivery on the Comex New York floor was at $3,242/ounce.
The world gold price on the night of May 20 was about 57.1% higher (equivalent to 1,177 USD/ounce) than at the beginning of 2024. World gold converted to the bank USD price was 103 million VND/tael, including taxes and fees, about 16.3 million VND/tael lower than the domestic gold price as of the end of the session on May 20.
World gold prices increased sharply in the context of a weakening USD and investors pouring money into buying the bottom of precious metals.
Money flows to gold amid US financial markets being quite unstable after Moody's Ratings last weekend downgraded the US national credit rating from the highest level AAA to AA1.
Moody's said that the US economy is facing difficulties due to large budget deficits and increasing public debt interest payments.
The downgrade of the US credit rating has caused US Treasury bond yields to increase sharply. Following the news from Moody's, the yield on 10-year US government bonds jumped to 4.52%/year and the yield on 30-year bonds reached 5%.
The US Congress is debating Donald Trump's tax cut package.
Some not-so-optimistic economic data from the Chinese economy also boosted the flow of money into gold. The People's Bank of China (PBoC) has just adjusted the base interest rate down. The central bank of Australia has also made a similar move.
Domestically, gold prices are high. The selling price of SJC gold in the afternoon is still at nearly 120 million VND/tael. Specifically, by the end of the trading session on May 20, the price of 9999 gold bars at SJC and Doji was listed at 116.8-119.3 million VND/tael (buy-sell), unchanged in both directions compared to the previous session.
The price of gold rings decreased slightly. By the end of the afternoon of May 20, SJC announced the price of gold rings of type 1-5 at only 111-114 million VND/tael (buy - sell), down 500,000 VND in both directions. Doji announced the price of gold rings of type 1-5 at only 111.5-114 million VND/tael (buy - sell), down only 500,000 VND in the selling direction compared to the previous session.
Gold Price Forecast
Gold prices have increased quite strongly and are expected to continue to rise in the context of escalating trade tensions.
On Kitco, JP Morgan CEO Jamie Dimon warned on February 19 that the full impact of the US-China trade war has yet to be fully felt by businesses and consumers. According to Jamie Dimon, the US stock market could turn around and plummet.
And when US stocks plunge, the price of safe-haven assets like gold can surge.
However, one factor that could put strong pressure on gold is the Middle East and Ukraine. Geopolitical tensions in these two regions, if cooled, would cause gold prices to drop rapidly. Russia and Ukraine are accelerating negotiations to end the conflict.
In the Middle East, the situation is showing signs of improvement after Donald Trump's visit. It is likely that the Middle East will become a new development center of the world, especially in technology and artificial intelligence.
Technically, the first resistance level is this week's high of $3,253/oz. The next resistance level is $3,300/oz. On the other hand, the first support level is the February 19 low of $3,207/oz. Then there is the psychological support level of $3,200/oz.
Source: https://vietnamnet.vn/gia-vang-hom-nay-21-5-2025-tang-manh-nguy-co-mot-dot-lao-doc-moi-2403139.html
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