Update gold price today 5/23/2025 latest in domestic market
At the time of survey at 10:00 a.m. on May 20, 2025, domestic gold prices recorded a widespread downward trend in both buying and selling directions at most major brands. This is the second consecutive session that gold prices have been adjusted down, reflecting fluctuations in the international market. Specifically:
SJC gold price today 5/23/2025
SJC gold price in Hanoi is listed at 118 million VND/tael (buy) and 120 million VND/tael (sell), down 500 thousand VND/tael in both directions compared to the previous trading session.
DOJI Group also adjusted the price of SJC gold bars down, listed at 118 million VND/tael (buy) and 120 million VND/tael (sell), down 500 thousand VND/tael in both directions.
Mi Hong Gold and Gemstone Company kept the buying price at 118.5 million VND/tael, while the selling price remained at 120 million VND/tael, unchanged from yesterday.
PNJ recorded a slight decrease in gold price, with the listed price of 112.5 million VND/tael (buy) and 115.5 million VND/tael (sell). Compared to yesterday, the buy price decreased by 200 thousand VND/tael, while the sell price remained the same.
Vietinbank Gold listed the selling price at 120 million VND/tael, down 500 thousand VND/tael compared to the previous session. However, the buying price was not announced.
Bao Tin Minh Chau also adjusted the price of SJC gold bars down, listed at 118 million VND/tael (buy) and 120 million VND/tael (sell), down 500 thousand VND/tael in both directions.
Phu Quy recorded the sharpest decrease in today's session, with listed prices of VND117 million/tael (buy) and VND120 million/tael (sell), down VND800,000/tael in both directions.
Gold ring price - Gold price 9999 today 5/23/2025
As of 10:00 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 112.5-115.0 million VND/tael (buy - sell); down 500 thousand VND/tael in the buying direction compared to early this morning. The difference between buying and selling prices is at 2.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 114.8-117.8 million VND/tael (buy - sell). The difference between the buy and sell prices is 3 million VND/tael.
The downward trend in gold prices today reflects the market's adjustment to fluctuations in world gold prices. Investment demand has slightly decreased as investors await new signals from the US Federal Reserve's (Fed) monetary policy.
The latest gold price update table today, May 23, 2025 is as follows:
| Gold price today | ||||
|---|---|---|---|---|
| Buy | Sell | |||
| SJC in Hanoi | 118.0 | ▼500 | 120.0 | ▼500 |
| DOJI Group | 118.0 | ▼500 | 120.0 | ▼500 |
| Red Eyelashes | 118.5 | - | 120.0 | - |
| PNJ | 112.5 | ▼200 | 115.5 | - |
| Vietinbank Gold | 120.0 | ▼500 | ||
| Bao Tin Minh Chau | 118.0 | ▼500 | 120.0 | ▼500 |
| Phu Quy | 117.0 | ▼800 | 120.0 | ▼800 |
| 1. DOJI - Updated: May 23, 2025 10:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 118,000 ▼500K | 120,000 ▼500K |
| AVPL/SJC HCM | 118,000 ▼500K | 120,000 ▼500K |
| AVPL/SJC DN | 118,000 ▼500K | 120,000 ▼500K |
| Raw material 9999 - HN | 109,200 ▼500K | 113,000 |
| Raw material 999 - HN | 109,100 ▼500K | 112,900 |
| 2. PNJ - Updated: May 23, 2025 10:00 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 112,500 ▼500K | 115,500 |
| HCMC - SJC | 118,000 ▼500K | 120,000 ▼500K |
| Hanoi - PNJ | 112,500 ▼500K | 115,500 |
| Hanoi - SJC | 118,000 ▼500K | 120,000 ▼500K |
| Da Nang - PNJ | 112,500 ▼500K | 115,500 |
| Da Nang - SJC | 118,000 ▼500K | 120,000 ▼500K |
| Western Region - PNJ | 112,500 ▼500K | 115,500 |
| Western Region - SJC | 118,000 ▼500K | 120,000 ▼500K |
| Jewelry gold price - PNJ | 112,500 ▼500K | 115,500 |
| Jewelry gold price - SJC | 118,000 ▼500K | 120,000 ▼500K |
| Jewelry gold price - Southeast | 112,500 ▼500K | |
| Jewelry gold price - Jewelry gold 999.9 | 112,000 ▼800K | 114,500 ▼800K |
| Jewelry gold price - Jewelry gold 999 | 111,890 ▼800K | 114,390 ▼800K |
| Jewelry gold price - Jewelry gold 99 | 110,960 ▼790K | 113,460 ▼790K |
| Jewelry gold price - 750 gold (18K) | 78,530 ▼600K | 86,030 ▼600K |
| Jewelry gold price - 585 gold (14K) | 59,630 ▼470K | 67,130 ▼470K |
| Jewelry gold price - 416 gold (10K) | 40,280 ▼340K | 47,780 ▼340K |
| 3. SJC - Updated: 5/23/2025 10:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 118,000 ▼500K | 120,000 ▼500K |
| SJC gold 5 chi | 118,000 ▼500K | 120,020 ▼500K |
| SJC gold 0.5 chi, 1 chi, 2 chi | 118,000 ▼500K | 120,030 ▼500K |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 112,500 | 115,500 |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 112,500 | 115,600 |
| Jewelry 99.99% | 112,500 | 114,900 |
| Jewelry 99% | 109,262 | 113,762 |
| Jewelry 68% | 71,789 | 78,289 |
| Jewelry 41.7% | 41,568 | 48,068 |
Update gold price today May 23, 2025 latest on the world market
At the time of trading at 09:30 on May 23, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,293.86 USD/ounce. Converted according to the USD exchange rate on the free market (26,140 VND/USD), the world gold price is equivalent to about 104.21 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (118.0-120.0 million VND/tael), the SJC gold price is currently about 15.79 million higher than the international gold price.
Gold prices on the world market today, May 23, 2025, are rising sharply and are expected to record the best weekly increase in more than a month. According to Reuters, spot gold prices increased slightly by 0.3% to $3,303.92/ounce. Since the beginning of the week, gold prices have increased by a total of 3%, marking the most impressive weekly growth since early April. What makes gold prices attractive to investors? Let's find out through the easy-to-understand reasons below.
First, the U.S. dollar is weakening, falling more than 1% this week, its biggest weekly decline since April 7. As the dollar weakens, gold, which is priced in dollars, becomes cheaper for holders of other currencies. This causes investors around the world to pour money into gold, pushing up prices. Gold has long been seen as a safe place to park money during volatile financial markets.
Concerns about the US fiscal situation have also contributed to the rise in gold prices. The Republican-controlled US Congress recently passed a major tax and spending bill, which President Donald Trump called a “beautiful bill.” However, the bill could add trillions of dollars to the US national debt. This has investors worried about the US’s financial health, and they are turning to gold as a way to protect their assets against these risks.
Not only that, investor sentiment is also affected by international events. For example, Iran's foreign minister warned of US liability if Israel attacks Iran's nuclear facilities. Geopolitical tensions like these often make gold a safe choice, as it is seen as a reliable asset in times of uncertainty.
Gold is back in the spotlight due to concerns about tariffs, US debt and geopolitical tensions, according to KCM Trade expert Tim Waterer. He believes that gold prices could continue to stay above $3,000 per ounce as long as these issues persist. In addition to gold, other precious metals such as silver, platinum and palladium have also seen small fluctuations, but gold remains in the spotlight due to its “safe haven” role.
In summary, the price of gold today, May 23, 2025, on the world market increased sharply due to the weakening of the dollar, concerns about US public debt and geopolitical instability. With these factors, gold continues to be an attractive choice for those who want to protect their assets in the context of market uncertainty.
News, gold price trends today 5/23/2025 domestic and world gold prices
Gold prices today, May 23, 2025, on the world market are being affected by many unstable factors. According to Kitco, gold prices yesterday decreased slightly due to some investors taking profits from short-term contracts. However, gold still retains its appeal thanks to the flow of money looking for a safe haven, especially when the global bond market is volatile.
Specifically, the price of gold futures for June delivery decreased by 6 USD, reaching 3,307.5 USD/ounce. Spot gold prices also fluctuated around this level, reflecting the cautious sentiment of investors. The reason partly came from the unsuccessful auction of 20-year US government bonds, raising concerns about the financial situation. The yield on 30-year US bonds exceeded 5%, the highest since October 2023, causing the global bond market, including Japan, to shake up.
The US financial situation is under further pressure as the new tax and spending bill could increase the budget deficit by $3.8 trillion between 2026 and 2034. These uncertainties make gold a safe choice, helping gold prices maintain their strength today, May 23, 2025. Expert Joseph Cavatoni from the World Gold Council predicts that gold demand will increase sharply in 2025, as central banks and investors step up purchases to protect assets.
Global financial markets were also hit hard. Bitcoin hit a record high above $110,000, while Asian and European stocks fell. Technically, gold prices are likely to continue rising if they surpass $3,400 per ounce, but could also fall below $3,123.3 if selling pressure intensifies. According to expert Ilya Spivak, today's gold price on May 23, 2025 shows a long-term uptrend, with the possibility of reaching $3,450-3,500 in the near future.
In summary, the gold price today, May 23, 2025, is supported by the instability of the US bond and financial markets and the demand for safe havens. Gold continues to be a notable asset in the context of volatile global financial markets.
Source: https://baoquangnam.vn/gia-vang-hom-nay-23-5-2025-gia-vang-trong-nuoc-va-the-gioi-dong-loat-quay-xe-roi-vao-trang-thai-bap-benh-3155352.html
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