Domestic gold bar prices today

Brands such as SJC, Bao Tin Manh Hai, DOJI , and PNJ all increased the price of gold bars by 500,000 VND/ounce in both buying and selling directions, with gold bars trading at 159-162 million VND/ounce (buying price - selling price).

Phu Quy, in particular, buys at a price 300,000 VND/ounce lower than other brands, trading gold bars at 158.7 - 162 million VND/ounce (buying price - selling price).

Gold bars

Morning of May 25th

Morning of May 26th

Difference

Buy

Sell

Buy

Sell

Buy

Sell

SJC

158.5

161.5

159

162

+500

+500

Bao Tin Manh Hai

158.5

161.5

159

162

+500

+500

DOJI

158.5

161.5

159

162

+500

+500

PNJ

158.5

161.5

159

162

+500

+500

Phu Quy

158.5

161.5

158.7

162

+200

+500











 

Domestic gold ring prices today

Following the trend of gold bars, the price of gold rings also surged today across various brands, with the highest selling price for gold rings reaching 162 million VND/ounce, matching the price of gold bars.

Specifically, SJC listed the buying price of gold rings at 158.5 million VND/ounce and the selling price at 161.5 million VND/ounce, an increase of 500,000 VND/ounce compared to yesterday morning.

999.9 gold rings from Bao Tin Manh Hai brand are being bought at 157.5 million VND/ounce, an increase of 500,000 VND/ounce compared to yesterday morning.

Gold rings from DOJI, PNJ, and Phu Quy brands all increased by 500,000 VND/ounce in both buying and selling prices, trading at 159 million VND/ounce for buying and 162 million VND/ounce for selling.

Gold prices today (May 26): Turning around and rising. Illustration photo: qdnd.vn

Today's world gold price

According to this morning's update, the world gold price opened at $4,574 per ounce, up $30 per ounce compared to yesterday morning.

Based on the Vietcombank exchange rate, the world gold price is equivalent to approximately 145.4 million VND per tael.

The strong recovery in gold occurred amidst a sudden plunge in the oil market due to expectations that geopolitical tensions in the Middle East might ease. WTI oil prices yesterday at one point fell by as much as 5%, below $90 per barrel; Brent crude also fell by about 4.1%, to $99.3 per barrel, quickly moving away from the $100 per barrel mark after more than two weeks of being at a high level.

The main reason for the sharp drop in oil prices stems from expectations that the Strait of Hormuz – a strategic global oil shipping route – could soon be reopened if the US and Iran reach a temporary agreement. Information emerging over the weekend suggests that negotiations between the US and Iran are progressing positively, including the possibility of extending the ceasefire for another 60 days, reopening the Strait of Hormuz, and even expanding dialogue on Middle Eastern regional security.

Although the market is reacting positively to the prospect of US-Iran peace, investors still assess the risks as quite significant because the agreements currently only remain at the expectation stage. This means that both gold and oil prices could continue to fluctuate sharply in the coming period, depending on the actual outcome of the negotiations and the possibility of reopening the Strait of Hormuz.

Gold prices have fallen by about 14% since the conflict in Iran erupted in late February, as soaring energy prices fueled inflation concerns and the possibility of the US maintaining higher interest rates.

Beyond geopolitical factors, the market this week is paying particular attention to the US PCE inflation data, the Federal Reserve's preferred measure of inflation, which is expected to be released at the end of the week. This data will have a significant impact on expectations for the Fed's monetary policy in the coming months.

Currently, traders estimate the probability of the Fed raising interest rates by another 25 basis points in December of this year at around 40%. This is a significant shift from the period before the outbreak of hostilities – when most economists predicted the Fed would implement two interest rate cuts this year.

Today's silver price

Today's silver price at Phu Quy Gold, Silver and Gemstone Group is listed at 2.958 million VND/ounce (buying price) and 3.049 million VND/ounce (selling price) in Hanoi.

Additionally, according to surveys at other trading locations in Hanoi, the domestic silver price is currently listed at 2.503 million VND/ounce (buying price) and 2.533 million VND/ounce (selling price).

In Ho Chi Minh City, the current price of silver is 2.505 million VND/ounce (buying price) and 2.539 million VND/ounce (selling price).

The current world price of silver is 2.055 million VND/ounce (buying price) and 2.061 million VND/ounce (selling price).

On the world market, the price of silver is quoted at $75.49 per ounce, an increase of $2.32.

Thus, world silver prices surged nearly 4% in the first trading session of the week after a sharp decline earlier, as market sentiment improved due to expectations that the US and Iran could reach an agreement to extend the ceasefire in the Middle East.

    Source: https://www.qdnd.vn/kinh-te/tin-tuc/gia-vang-hom-nay-26-5-quay-dau-tang-1041171