Gold prices today, May 26th: Slightly lower.

Domestic gold prices on the morning of May 26th fell slightly by 500,000 VND/ounce, following the downward trend in the global market, amidst a persistently high US dollar and Russia recording its sharpest decline in gold reserves in over two decades.

This morning, Saigon Jewelry Company (SJC) and Phu Nhuan Jewelry Company (PNJ) listed gold bars at 158.5 - 161.5 million VND/ounce (buying price - selling price), a decrease of 500,000 VND/ounce in both directions. The difference between buying and selling gold bars is currently 3 million VND/ounce.

DOJI Group and Bao Tin Minh Chau brand listed gold bars this morning at 159 - 162 million VND/ounce (buying price - selling price). The difference between buying and selling gold bars is currently 3 million VND/ounce.

For gold rings, DOJI Group lists 9999 Hung Thinh Vuong round gold rings at 159 - 162 million VND/ounce (buying price - selling price). The buy-sell spread is 3 million VND/ounce.

Saigon Jewelry Company (SJC) listed gold rings at 158-161 million VND/ounce (buy-sell), a decrease of 500,000 VND/ounce compared to yesterday. The buy-sell spread at SJC is 3 million VND/ounce. Bao Tin Minh Chau branded gold rings are listed at 159-162 million VND/ounce (buy-sell), with a buy-sell spread of 3 million VND/ounce.

World gold prices fell by $39/ounce.

According to Kitco News, the world gold price this morning was recorded at $4,530.3 per ounce, down $39 per ounce (0.85%). Converted using the USD exchange rate at Vietcombank (26,387 VND/USD), the world gold price is approximately 144.1 million VND per tael (excluding taxes and fees). Thus, the price of SJC gold bars is currently about 18 million VND per tael higher than the international gold price.

The gold reserves of the Central Bank of Russia (CBR) continued to decline for the fourth consecutive month in April, marking the sharpest drop in 25 years. According to published data, as of May 1st, the CBR held approximately 73.9 million ounces of gold in international reserves. In April alone, gold reserves decreased by an additional 200,000 ounces, bringing the total decline since the beginning of 2026 to 900,000 ounces. This brings the size of Russia's gold reserves to their lowest level since March 2022.

In terms of volume, Russia's gold reserves decreased by approximately 27.9 tons between January and April 2026. According to data from the World Gold Council, this is the sharpest decline in Russia's national gold reserves since 2002. Previously, in May 2002, the CBR recorded a decrease of as much as 41.5 tons in just one month.

The decline in reserves comes amid a surge in domestic gold demand in Russia, as the country's economy continues to face pressure in the fifth year of conflict with Ukraine. Data from the Moscow Exchange shows that gold trading volume last month increased by more than 350% compared to March 2025, reaching 42.6 tonnes. Of this, swap transactions accounted for 28.6 tonnes, while spot transactions reached 14 tonnes.

Source: https://hanoimoi.vn/gia-vang-hom-nay-26-5-giam-nhe-972115.html