Gold price today (May 26): Domestic gold price is stable...

Domestic gold price today

Domestic gold bar prices are stable. At the end of May 25, gold brands were buying at 119 million VND/tael and selling at 121 million VND/tael.

Phu Quy SJC gold is buying 1 million VND lower than other brands. Meanwhile, Bao Tin Minh Chau gold is buying and selling 500,000 VND and 200,000 VND lower than other brands, respectively.

Domestic gold bar prices are stable. Photo: thanhnien.vn

Similarly, the buying and selling prices of gold rings of various brands were also maintained at the same level as yesterday morning. Specifically, the price of SJC 9999 gold rings was fixed at 113.5 million VND/tael for buying and 116 million VND/tael for selling.

DOJI in Hanoi and Ho Chi Minh City markets listed the price of gold rings at 113.5 million VND/tael for buying and 116 million VND/tael for selling.

The price of Bao Tin Minh Chau brand gold rings is listed at 115.5 million VND/tael for buying and 118.5 million VND/tael for selling, unchanged from early this morning.

Phu Quy SJC is buying gold rings at 113 million VND/tael and selling at 116 million VND/tael.

PNJ brand gold ring price is listed at 113 million VND/tael for buying and 116 million VND/tael for selling.

Domestic gold bar prices updated at 5:30 a.m. on May 26 as follows:

Yellow	Area	Early morning 25-5	Early morning 26-5	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	119	121	119	121	-	-
Ho Chi Minh City	119	121	119	121	-	-
SJC	Ho Chi Minh City	119	121	119	121	-	-
Hanoi	119	121	119	121	-	-
Danang	119	121	119	121	-	-
PNJ	Ho Chi Minh City	119	121	119	121	-	-
Hanoi	119	121	119	121	-	-
Bao Tin Minh Chau	Nationwide	119	121	118.5	120.8	-500	-200
Phu Quy SJC	Nationwide	118	121	118	121	-	-

World gold price today

Economic concerns supported gold last week, helping it gain solid momentum for the week and surpass $3,300 an ounce once again.

Looking at gold's performance last week and given the current backdrop, both experts and retail investors remain bullish on gold in the short term.

Gold prices have consolidated and are now poised to move higher, said Rich Checkan, chairman and chief executive officer of Asset Strategies International. That move will be supported by haven demand after Moody's downgraded the U.S. sovereign credit rating, citing concerns about the country's growing $36 trillion debt.

Renewed trade tensions will be good for gold, according to Colin Cieszynski, chief market strategist at SIA Wealth Management. “With US President Donald Trump once again taking a hard line on tariffs, I am bullish on gold in these coming weeks,” he said.

Forex.com senior market strategist James Stanley said he remains bullish on the trend for now. “There is no concrete evidence yet that the uptrend is over, so until that happens, I will default to the trend,” Stanley said.

He believes that $3,500 an ounce is a key level as prices are swinging wildly and that is the level that buyers need to overcome before they can start moving towards $4,000 an ounce.

Adam Button, head of currency strategy at Forexlive.com, said gold prices will continue to rise as the precious metal remains a safe haven asset chosen by investors during times of uncertainty.

World gold price anchored above 3,300 USD/ounce. Photo: Kitco

Bannockburn Global Forex CEO Marc Chandler predicts that gold prices will once again hit $3,400 an ounce.

This week, the market will await April orders data, May consumer confidence index, and the Reserve Bank of New Zealand policy decision. The market will also “wait” for the minutes of the US central bank’s May monetary policy meeting, looking for signs that the US Federal Reserve (Fed) is ready to cut interest rates.

Additionally, the market will also receive the weekly jobless claims report, US first-quarter growth data, pending home sales data and core personal consumption expenditures index.

With the domestic gold bar price stable and the world gold price listed at Kitco at 3,358.9 USD/ounce (equivalent to about 105.8 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 15.2 million VND/tael.

TRAN HO HOAI

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