Domestic gold ring price today is also adjusted to increase according to world gold price.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 113,500,000 + 1,000,000 116,000,000 + 500,000
Doji 113,500,000 + 1,000,000 116,000,000 + 500,000

                        SJC and Doji gold ring price list updated on May 24

In the trading session on May 24, the price of SJC 9999 gold increased by 500 thousand VND per tael in both buying and selling compared to the previous trading session, up to 119-121 million VND/tael (buying - selling).

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 119,000,000 + 500,000 121,000,000 + 500,000
Doji Hanoi 119,000,000 + 500,000 121,000,000 + 500,000
Doji HCMC 119,000,000 + 500,000 121,000,000 + 500,000

                                SJC and Doji gold bar price list updated on May 24

The central exchange rate on May 24 announced by the State Bank was 24,960 VND/USD, unchanged from the previous trading session. The USD price at commercial banks this morning (May 24) was commonly listed at 25,740 VND/USD (buy) and 26,130 VND/USD (sell).

At 2:01 p.m. today (May 24, Vietnam time) , the world spot gold price was at 3,356.9 USD/ounce, up 8.9 USD/ounce compared to last night.

On May 24 , world gold converted to USD bank price was at over 106.7 million VND/tael, including tax and fees, about 14.3 million VND/tael lower than domestic gold price.

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), unchanged from the previous day.

The price of SJC 1-5 chi gold rings is listed at 112.5-115.5 million VND/tael (buy - sell), unchanged from the previous 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 the previous day's closing price.

Gold prices rose in early US trading as investors flocked to gold as a safe haven ahead of the three-day holiday. Silver prices also saw a slight increase.

Gold price on Kitco floor at 8:00 p.m. (May 23, Vietnam time) was trading at 3,348 USD/ounce, up 1.62% during the day. Gold futures price for June 2025 delivery on Comex New York floor was trading at 3,354 USD/ounce.

world gold price.jpg
World gold prices increase sharply. Photo: Kitco

The US stock market has been rocked again after a few social media posts by US President Donald Trump, thereby adding momentum to gold prices.

The US President's tweet said Apple's iPhone would be subject to a 25% tariff if it was not made in the US. Another tweet suggested that trade talks between the US and the European Union (EU) were at an impasse. The US is expected to impose a 50% tariff on the EU starting June 1.

The EU faces a challenge in uniting its member states. While France and Germany have backed a tough response, Italy hopes to play a mediating role. The EU is also trying to shore up its single market amid rising geopolitical tensions and trade conflicts with the United States.

Investors are cautious due to slow progress in US trade deals with partners, as well as US President Donald Trump's tax cut plans.

According to Moody's, US public debt accounts for about 100% of GDP and is expected to increase to 134% over the next decade.

The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 99.41 points.

Nymex crude oil futures were mostly steady, trading around $61.25 a barrel. The yield on the 10-year U.S. Treasury note is currently at 4.519%.

Gold Price Forecast

Experts say that gold prices are still maintaining historical highs, reflecting investors' growing interest in gold as a safe haven and inflation hedge in the context of a volatile global economy.

According to Imaru Casanova, portfolio manager at VanEck Funds, although investment demand for gold has increased significantly in recent months, currently only about 1% of global assets under management are allocated to this precious metal market.

She recommends that investors new to building a position in the gold market consider a strategic allocation of around 5% of their portfolio.

Broad macroeconomic signals are "flashing red" and investors should accumulate cash instead of chasing rallies, market strategist Larry McDonald warned.

He cited Warren Buffett's record $348 billion cash pile as a sign that the market's smartest investors are preparing for the coming stress.

Central banks are buying gold, McDonald said, predicting that gold prices could hit $4,000 next year.

Source: https://vietnamnet.vn/gia-vang-hom-nay-24-5-2025-quay-xe-tang-manh-2404233.html