At the end of the session on May 23 , the price of gold bars at SJC closed at 118.5-120.5 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 112.5-115.5 million VND/tael (buy - sell), unchanged from the end of yesterday's session.

The price of 9999 gold rings at Doji closed the session at 112.5-115.5 million VND/tael, down 500,000 VND/tael in buying and unchanged in selling compared to yesterday's closing price.

This afternoon, the world gold price increased. At 2:39 p.m. today (May 23, Vietnam time), the world spot gold price was at 3,329.7 USD/ounce, up 27.7 USD/ounce compared to early this morning.

In the same trend, the price of gold bars this afternoon was also adjusted up.

The price of SJC 9999 gold early this afternoon was adjusted up 500 thousand VND/tael in both buying and selling compared to this morning, to 118.5-120.5 million VND/tael (buying - selling).

Domestic gold ring prices fluctuated little this morning.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 112,500,000 0 115,500,000 0
Doji 112,500,000 - 500,000 115,500,000 0

                    SJC and Doji gold ring price list updated on the morning of May 23

Opening the trading session on May 23, the price of SJC 9999 gold decreased by 500 thousand VND per tael in both buying and selling compared to the closing price of yesterday's trading session, to 118-120 million VND/tael (buying - selling).

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 118,500,000 0 120,500,000 0
Doji Hanoi 118,500,000 0 120,000,000 0
Doji HCMC 118,500,000 0 120,000,000 0

                      SJC and Doji gold bar price list updated on the afternoon of May 23

The central exchange rate on May 23 announced by the State Bank was 24,960 VND/USD, up 5 VND compared to the previous trading session. The USD price at commercial banks this morning (May 23) was commonly listed at 25,760 VND/USD (buy) and 26,150 VND/USD (sell).

At 8:47 a.m. today (May 23, Vietnam time) , the world spot gold price was at 3,302 USD/ounce, down 3.3 USD/ounce compared to last night.

On the morning of May 23 , the world gold price converted to USD bank price was over 105 million VND/tael, including tax and fees, about 15 million VND/tael lower than the domestic gold price.

At the end of the session on May 22, the price of gold bars at SJC closed at 118.5-120.5 million VND/tael (buy - sell), unchanged at the buy price and down 500,000 VND/tael at the sell price compared to the close of the previous trading session.

The price of SJC 1-5 chi gold rings is listed at 112.5-115.5 million VND/tael (buy - sell), an increase of 500,000 VND/tael compared to the previous session.

The price of 9999 gold rings at Doji closed the session at 113-115.5 million VND/tael, an increase of 500,000 VND/tael compared to the previous day's closing price.

Gold price on Kitco floor at 8:00 p.m. (May 22, Vietnam time) was trading at 3,305.3 USD/ounce, down 0.25% on the day. Gold futures price for June 2025 delivery on Comex New York floor was trading at 3,313 USD/ounce.

Gold prices continue to maintain support around $3,300/ounce. The precious metal is struggling to find solid upside momentum, amid relative stability in the US labor market.

The U.S. Labor Department reported that initial state unemployment claims fell 2,000 to 227,000 for the week ended May 17. That was slightly below market expectations of 230,000.

The number of people continuing to receive unemployment benefits was 1.903 million in the week ending May 10, up from an average of 1.867 million the previous week.

Financial markets were on edge this weekend after Wednesday’s auction of 20-year U.S. Treasury bonds was not well received by investors. The yield on the 30-year U.S. Treasury bond broke above 5%, reaching its highest level since October 2023.

Gold price.jpg
World gold price drops. Photo: Chi Hieu

Meanwhile, Japanese government bond (JGB) yields soared, with the 30-year bond hitting a record high of 3.1872%. Global bond markets were significantly affected by the US bond auction.

In another notable development, Bitcoin has skyrocketed to a record high above $110,000. The cryptocurrency market has exploded amid some divergences in traditional financial assets.

The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) stood at 99.85 points.

Nymex crude oil futures fell, trading around $60.25 a barrel. The yield on the benchmark 10-year U.S. Treasury note was at 4.6%.

Gold Price Forecast

Gold demand is expected to explode in 2025 as both central banks and investors step up purchases, according to Joseph Cavatoni, senior market strategist at the World Gold Council (WGC).

This trend comes amid growing fiscal pressures in the US, inflationary uncertainty, and declining confidence in traditional financial assets.

According to the WGC, total gold demand, including OTC trading, remained steady at 1,206 tonnes in Q1/2025. Inflows into gold ETFs reversed sharply, led by US-listed funds, along with a surge in inflows into China in April.

Central banks continue to be a key player in the market, Mr. Cavatoni said, adding that global investors have returned to the market, adding more gold to their portfolios.

Ilya Spivak, head of global macro at Tastylive, said signs point to gold continuing its long-term uptrend after holding above $3,200 an ounce. He expects gold to return to the $3,450-$3,500 an ounce range.

Gold prices rebound, big storm before new weakness? Gold prices have skyrocketed for two consecutive sessions and surpassed $3,300/ounce. Geopolitical instability, a weak USD and less optimistic economic data from China are the main drivers. Will gold continue to rise and then fall?

Source: https://vietnamnet.vn/gia-vang-hom-nay-23-5-2025-vang-sjc-dao-chieu-lao-doc-2403941.html