Gold price today May 23, 2025: Domestic and world gold prices fell very quickly from the peak of the past 2 weeks

Domestic gold price today 5/23/2025

At the time of survey at 4:30 a.m. on May 23, 2025, domestic gold prices were holding at a high level compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 118.5-120.5 million VND/tael (buy - sell), the price remained unchanged in the buying direction - decreased 500 thousand VND/tael in the selling direction compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 118.5-120.5 million VND/tael (buy - sell), the price remained unchanged in the buying direction - decreased 500 thousand VND/tael in the selling direction compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 118-120 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 500 thousand VND/tael for both buying and selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118.5-120.5 million VND/tael (buy - sell), the price remains unchanged in the buying direction - down 500 thousand VND/tael in the selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117.8-120.8 million VND/tael (buy - sell), gold price decreased 200 thousand VND/tael in both buying and selling directions compared to yesterday.

As of 4:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 113-115.5 million VND/tael (buy - sell); the price increased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 114.8-117.8 million VND/tael (buy - sell); an increase of 300 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 23, 2025 is as follows:

Gold price today	May 23, 2025 (million dong)		Difference (thousand dong/tael)
	Buy	Sell	Buy	Sell
SJC in Hanoi	118.5	120.5	-	-500
DOJI Group	118.5	120.5	-	-500
Red Eyelashes	118	120	-500	-500
PNJ	118.5	120.5	-	-500
Vietinbank Gold		120.5		-500
Bao Tin Minh Chau	118.5	120.5	-	-500
Phu Quy	117.8	120.8	-200	-200

1. DOJI - Updated: May 23, 2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price	Buy	Sell
AVPL/SJC HN	118,500	120,500 ▼500K
AVPL/SJC HCM	118,500	120,500 ▼500K
AVPL/SJC DN	118,500	120,500 ▼500K
Raw material 9999 - HN	109,700	113,000 ▲500K
Raw material 999 - HN	109,600	112,900 ▲500K

2. PNJ - Updated: May 23, 2025 04:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type	Buy	Sell
HCMC - PNJ	113,000 ▲1000K	115,500 ▲500K
HCMC - SJC	118,500	120,500 ▼500K
Hanoi - PNJ	113,000 ▲1000K	115,500 ▲500K
Hanoi - SJC	118,500	120,500 ▼500K
Da Nang - PNJ	113,000 ▲1000K	115,500 ▲500K
Da Nang - SJC	118,500	120,500 ▼500K
Western Region - PNJ	113,000 ▲1000K	115,500 ▲500K
Western Region - SJC	118,500	120,500 ▼500K
Jewelry gold price - PNJ	113,000 ▲1000K	115,500 ▲500K
Jewelry gold price - SJC	118,500	120,500 ▼500K
Jewelry gold price - Southeast	PNJ	113,000 ▲1000K
Jewelry gold price - SJC	118,500	120,500 ▼500K
Jewelry gold price - Jewelry gold price	PNJ 999.9 Plain Ring	113,000 ▲1000K
Jewelry gold price - Kim Bao Gold 999.9	113,000 ▲1000K	115,500 ▲500K
Jewelry gold price - Phuc Loc Tai Gold 999.9	113,000 ▲1000K	115,500 ▲500K
Jewelry gold price - Jewelry gold 999.9	112,800 ▲800K	115,300 ▲800K
Jewelry gold price - Jewelry gold 999	112,690 ▲800K	115,190 ▲800K
Jewelry gold price - Jewelry gold 9920	111,980 ▲800K	114,480 ▲800K
Jewelry gold price - Jewelry gold 99	111,750 ▲790K	114,250 ▲790K
Jewelry gold price - 750 gold (18K)	79,130 ​​▲600K	86,630 ▲600K
Jewelry gold price - 585 gold (14K)	60,100 ▲470K	67,600 ▲470K
Jewelry gold price - 416 gold (10K)	40,620 ▲340K	48,120 ▲340K
Jewelry gold price - 916 gold (22K)	103,220 ▲740K	105,720 ▲740K
Jewelry gold price - 610 gold (14.6K)	62,980 ▲480K	70,480 ▲480K
Jewelry gold price - 650 gold (15.6K)	67,600 ▲520K	75,100 ▲520K
Jewelry gold price - 680 gold (16.3K)	71,050 ▲540K	78,550 ▲540K
Jewelry gold price - 375 gold (9K)	35,890 ▲300K	43,390 ▲300K
Jewelry gold price - 333 gold (8K)	30,700 ▲260K	38,200 ▲260K

3. SJC - Updated: 5/23/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG	118,500	120,500 ▼500K
SJC gold 5 chi	118,500	120,520 ▼500K
SJC gold 0.5 chi, 1 chi, 2 chi	118,500	120,530 ▼500K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi	112,500 ▲500K	115,500 ▲500K
SJC 99.99% gold ring 0.5 chi, 0.3 chi	112,500 ▲500K	115,600 ▲500K
Jewelry 99.99%	112,500 ▲500K	114,900 ▲500K
Jewelry 99%	109,262 ▲495K	113,762 ▲495K
Jewelry 68%	71,789 ▲340K	78,289 ▲340K
Jewelry 41.7%	41,568 ▲208K	48,068 ▲208K

World gold price today 5/23/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. today, Vietnam time, was 3,290.04 USD/ounce. Today's gold price decreased by 8.61 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,150 VND/USD), the world gold price is about 107.6 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.9 million VND/tael higher than the international gold price.

The world gold price today reversed sharply after a slight increase to the highest level in nearly 2 weeks at the beginning of the session, under pressure from the rising USD. Specifically, the spot gold price decreased by 0.26% to below the 3,300 USD/ounce mark, after reaching the highest level since May 9. Meanwhile, the gold futures price in the US also decreased by 0.3% to 3,304.1 USD/ounce.

Gold prices have struggled to gain ground as the US labor market remains relatively stable. According to the latest report from the US Department of Labor, the number of people filing for unemployment benefits for the first time in the week ending May 17 was 227,000, down slightly by 2,000 from the previous week. This figure was also lower than analysts' forecasts, which expected 230,000.

The drop in gold prices was partly due to investors taking profits, combined with a slight recovery in the US dollar, which made gold less attractive, according to Ross Norman, an independent analyst. The US dollar rose 0.2% against other currencies, making gold more expensive for buyers using foreign currencies.

Norman added that the market is concerned about how the US will handle its debt, and if the tax cuts are viewed negatively, gold prices could remain stable. This was further reinforced after the world's largest credit rating agency Moody's downgraded the US credit rating due to concerns about the huge $36 trillion debt.

In addition, the US Treasury Department's auction of $16 billion in 20-year bonds yesterday received a weak response from investors, dampening risk sentiment in financial markets. Many are also concerned that the US public debt will increase by trillions of dollars if Congress passes the tax cut bill proposed by former President Donald Trump.

Meanwhile, Trump's tax-cut and spending bill cleared a key hurdle as the House voted to begin debate, with a formal vote expected later in the morning.

The dollar edged higher while Nymex crude oil prices fell to around $60.25 a barrel. The 10-year Treasury yield is currently at 4.6%. Markets will be looking ahead to a number of key economic data releases during the day, including the weekly jobless claims report, the Chicago Fed economic activity index, the purchasing managers index (PMI), existing home sales and the Kansas City Fed manufacturing survey.

Besides gold, silver fell 0.7% to $33.14 an ounce, platinum fell 0.7% to $1,068.97 and palladium fell sharply by 2% to $1,015.97.

Gold Price Forecast

Gold prices still have many factors supporting price increases. Demand from central banks of many countries, including China, continues to be a solid support for the gold market.

China is the main driver behind the rise in gold prices, with its gold imports jumping 73% in April from the previous month to 127.5 tonnes, the highest in nearly a year, according to SP Angel.

China’s central bank has allocated new quotas to commercial banks to boost gold purchases. Insurance companies have also been encouraged to increase their gold reserves, as part of its asset and foreign exchange diversification strategy. Chinese citizens have also increased their gold purchases due to concerns over domestic real estate and the devaluation of the yuan.

However, several factors could put downward pressure on prices in the near term. The situation in the Middle East could become more stable if the US under Donald Trump pursues a strategy to turn the region into an economic and technological hub. This could reduce the demand for safe haven gold.

In Ukraine, peace talks between Russia and Ukraine are gaining momentum. If the conflict eases and global risk sentiment improves, capital could flow back into stocks and cryptocurrencies, making gold lose its appeal.

The US dollar is currently weak, but there is still room for recovery if the US Federal Reserve (Fed) changes policy or if the market receives positive signals from trade negotiations.

In the short term, gold prices remain supported by geopolitical uncertainty and recession fears. However, if peace efforts succeed and money flows back to risky investment channels, gold prices could face significant downward pressure.

However, the US-China trade tensions remain an uncertain factor that could keep gold prices from falling too far. Many forecasts suggest that gold prices will fluctuate between $3,200 and $3,300 per ounce in the coming weeks.

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Source: https://baonghean.vn/gia-vang-hom-nay-23-5-2025-gia-vang-trong-nuoc-va-the-gioi-giam-rat-nhanh-tu-muc-dinh-2-tuan-qua-10298010.html