Domestic gold price today
Domestic gold bar prices have slightly adjusted. At the end of May 22, gold brands were buying at VND118.5 million/tael and selling at VND120.5 million/tael. Phu Quy SJC gold was buying at VND700,000 lower but selling at VND300,000 higher than other brands.
Meanwhile, the price of gold rings of various brands was adjusted up in both buying and selling prices. Specifically, the price of SJC 9999 gold rings increased by VND500,000 in both directions to VND112.5 million/tael for buying and VND115.5 million/tael for selling, respectively.
DOJI in Hanoi and Ho Chi Minh City markets adjusted the price of gold rings by 500,000 VND in both directions to 113 million VND/tael for buying and 115.5 million VND/tael for selling, respectively.
The price of Bao Tin Minh Chau brand gold rings is listed at 114.8 million VND/tael for buying and 117.8 million VND/tael for selling, an increase of 300,000 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.
PNJ brand gold ring price is listed at 113 million VND/tael for buying and 115.5 million VND/tael for selling, up 1 million VND and 500,000 VND respectively.
Domestic gold bar prices updated at 5:30 a.m. on May 23 as follows:
Yellow | Area | Early morning 22-5 | Early morning 23-5 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 118.5 | 121 | 118.5 | 120.5 | - | -500 | ||||
Ho Chi Minh City | 118.5 | 121 | 118.5 | 120.5 | - | -500 | ||||
SJC | Ho Chi Minh City | 118.5 | 121 | 118.5 | 120.5 | - | -500 | |||
Hanoi | 118.5 | 121 | 118.5 | 120.5 | - | -500 | ||||
Danang | 118.5 | 121 | 118.5 | 120.5 | - | -500 | ||||
PNJ | Ho Chi Minh City | 118.5 | 121 | 118.5 | 120.5 | - | -500 | |||
Hanoi | 118.5 | 121 | 118.5 | 120.5 | - | -500 | ||||
Bao Tin Minh Chau | Nationwide | 118.5 | 121 | 118.5 | 120.5 | - | -500 | |||
Phu Quy SJC | Nationwide | 118 | 121 | 117.8 | 120.8 | -200 | -200 | |||
World gold price today
World gold prices turned down, with spot gold falling $17.8 to $3,299.4 an ounce. Gold futures last traded at $3,295 an ounce, down $18.5 from early this morning.
A rebound in the dollar and profit-taking pressure after prices hit a two-week high earlier in the session sent gold down slightly on Thursday, with the US Dollar Index rising 0.3%, making bullion more expensive for holders of foreign currencies.
According to senior analyst Jim Wycoff of Kitco Metals, gold's decline due to profit-taking and the recovery of the US dollar was limited by safe-haven demand in the context of investors gradually losing confidence in government bonds.
Investor concerns were heightened after US President Donald Trump's massive tax bill passed by just one vote, he added.
The bill is expected to add about $3.8 trillion to the federal government's $36.2 trillion debt over the next decade, according to the Congressional Budget Office. Last week, Moody's downgraded the U.S. sovereign credit rating by one notch, citing concerns about the country's growing $36 trillion debt.
In a context of political and financial instability, gold is expected to continue to act as a safe haven asset sought by investors.
New data showed U.S. business activity accelerated in May as the U.S.-China trade war cooled. But Mr. Trump’s sweeping tariffs on imports have raised prices for companies and consumers.
Trade deals from the US administration are expected to be announced in the coming weeks and they will play a key role in shaping gold prices for the rest of the year, said Zain Vawda, analyst at MarketPulse at OANDA.
With the domestic gold bar price decreasing slightly and the world gold price listed at Kitco at 3,299.4 USD/ounce (equivalent to about 104 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between the domestic and world gold prices is about 16.5 million VND/tael.
Source: https://baolangson.vn/gia-vang-hom-nay-23-5-quay-dau-giam-5047839.html
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