Gold price today May 25: Soared 2.5 million VND this week

The price of gold bars at Saigon Jewelry Company - SJC is currently being bought at 119 million VND, sold at 121 million VND, an increase of 3.5 million VND in buying price and 2.5 million VND in selling price compared to the end of last week. The buying price increased more strongly, so the difference with the selling price was reduced to 2 million VND/tael instead of 3 million VND last week.

Although the gold price increased, due to the difference in buying and selling prices, customers only made a profit of 500,000 VND/tael after one week.

Gold price skyrocketed 2.5 million VND/tael this week

Meanwhile, the price of 4-number-9 gold rings at SJC Company also increased by 2.5 million VND after a week when buying was 113.5 million VND, selling increased by 2 million VND, up to 116 million VND. Bao Tin Minh Chau Company increased by 1.5 million VND compared to the end of last week, bringing the buying price of gold rings to 115.5 million VND, selling at 118.5 million VND, and this is also the highest selling price on the market.

The world gold price jumped to 3,356.9 USD/ounce at the end of the week, an increase of more than 155 USD compared to the end of last week. Converted according to Vietcombank exchange rate, the world gold price is equivalent to 105.75 million VND/tael (excluding taxes and fees). Currently, each tael of SJC gold bar is more than 15.2 million VND more expensive than the world price.

The precious metal posted its biggest weekly gain in six weeks as investors flocked to safe-haven assets amid threats of new tariffs from US President Donald Trump and a weaker dollar. President Donald Trump proposed a 50% tariff on imports from the EU starting June 1 and also said Apple would face a 25% tariff on iPhones sold in the US but not made there.

This has led analysts to continue to predict that gold prices will maintain their upward momentum. Specifically, Kitco News' survey on gold price trends next week attracted 16 Wall Street analysts to participate, of which 13 people, accounting for 81%, said that gold prices will increase. The remaining 3 people, corresponding to 19%, said that the precious metal will move sideways and no opinion predicted that gold will reverse and decrease.

The bullish trend was also chosen by many individual investors in the Main Street survey. Of the 245 individual investors who participated in the survey, 155 people, or 63%, predicted that gold would continue to rise. However, 52 people, or 21%, thought that gold would fall, and the remaining 38 investors, or 14%, said that the precious metal would move sideways./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-2552025-tang-vot-25-trieu-dong-trong-tuan-185250525073849634.htm

Source: https://baolongan.vn/gia-vang-hom-nay-25-5-tang-vot-2-5-trieu-dong-trong-tuan-a195887.html