Gold price today (May 22): Domestic gold price increased sharply, with gold bar price increasing by 1.7 million VND/tael, gold ring price increasing by 1 million VND/tael in both buying and selling directions.
Gold price Domestic gold prices increased sharply. At the end of May 21, gold brands were buying at 118.5 million VND/tael and selling at 121 million VND/tael. Phu Quy SJC gold was buying at 500,000 VND lower than other brands.
Similarly, the price of gold rings of various brands was also adjusted to increase sharply in both buying and selling directions. Specifically, the price of SJC 9999 gold rings increased by 1 million VND in both directions, to 112 million VND/tael for buying and 115 million VND/tael for selling, respectively.
DOJI in Hanoi and Ho Chi Minh City markets adjusted the price of gold rings up by 1 million VND in both directions, up to 112.5 million VND/tael for buying and 115 million VND/tael for selling, respectively.
The price of Bao Tin Minh Chau brand gold rings is listed at 114.5 million VND/tael for buying and 117.5 million VND/tael for selling, an increase of 700,000 VND in both directions.
Phu Quy SJC is buying gold rings at 112.5 million VND/tael and selling at 115.5 million VND/tael, an increase of 1 million VND/tael compared to early this morning.
PNJ brand gold ring price is listed at 112 million VND/tael for buying, 115 million VND/tael for selling, up 1 million VND/tael in both directions.
Domestic gold bar prices updated at 5:30 a.m. on May 22 as follows:
Yellow | Area | Early morning 21-5 | Early morning 22-5 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 116.8 | 119.3 | 118.5 | 121 | +1700 | +1700 | ||||
Ho Chi Minh City | 116.8 | 119.3 | 118.5 | 121 | +1700 | +1700 | ||||
SJC | Ho Chi Minh City | 116.8 | 119.3 | 118.5 | 121 | +1700 | +1700 | |||
Hanoi | 116.8 | 119.3 | 118.5 | 121 | +1700 | +1700 | ||||
Danang | 116.8 | 119.3 | 118.5 | 121 | +1700 | +1700 | ||||
PNJ | Ho Chi Minh City | 116.8 | 119.3 | 118.5 | 121 | +1700 | +1700 | |||
Hanoi | 116.8 | 119.3 | 118.5 | 121 | +1700 | +1700 | ||||
Bao Tin Minh Chau | Nationwide | 116.8 | 119.3 | 118.5 | 121 | +1700 | +1700 | |||
Phu Quy SJC | Nationwide | 116.3 | 119.3 | 118 | 121 | +1700 | +1700 | |||
World gold price today
World gold prices increased, with spot gold prices rising by $12 to $3,317.2 an ounce. Gold futures last traded at $3,313 an ounce, up $18 from early this morning.
Gold prices posted a third straight gain on Wednesday and hit a one-week high, helped by a weaker dollar and safe-haven demand amid economic and geopolitical uncertainty.
The US Dollar Index fell 0.6%, making gold cheaper to buy for holders of other currencies.
Wall Street stocks fell as markets watched the debate in the US Congress over President Donald Trump's tax cut proposal, amid Moody's downgrade of the US credit rating. Moody's said the decision to downgrade the credit rating was due to the rising trend of public debt, expected to reach 134% of GDP by 2035.
Gold prices have been holding at moderately high levels recently as investors await signs of more trade and tariff deals, according to Daniel Pavilonis, senior market strategist at RJO Futures.
The US economic outlook remains weak despite a temporary easing of the US-China trade war, a Reuters poll showed.
Known as a safe investment amid economic and geopolitical uncertainty, gold bullion has broken records this year and hit an all-time high of $3,500.05 an ounce last month.
“We expect the recent decline in gold prices to spur buying activity, as the macroeconomic and geopolitical landscape remains uncertain,” ANZ said in a note.
Meanwhile, US Federal Reserve (Fed) officials earlier this week advised patience with interest rate decisions, noting that US import tariffs are pushing prices higher.
With the domestic gold bar price increasing sharply and the world gold price listed at Kitco at 3,317.2 USD/ounce (equivalent to about 104.5 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 16.5 million VND/tael.
Source: https://baolangson.vn/gia-vang-hom-nay-22-5-tang-manh-5047793.html
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