Update gold price today 5/29/2025 in domestic market
At the time of survey at 4:00 p.m. on May 29, 2025, today's gold price on May 29, 2025 recorded a clear downward trend in the domestic market, with most types of gold adjusting down compared to the previous trading session. Below is a detailed update on the closing price of gold on May 29, 2025, reflecting fluctuations at leading gold businesses.
The price of SJC gold bars in Hanoi , listed by Saigon Jewelry Company Limited - PNJ, reached 115.5-118 million VND/tael (buy - sell). Compared to yesterday, the gold price decreased by 700 thousand VND/tael in both buying and selling directions. Similarly, in Ho Chi Minh City and Da Nang, the price of SJC gold of PNJ was also traded at 115.5-118 million VND/tael, down 700 thousand VND/tael in both directions.
At the same time, the price of PNJ gold in Ho Chi Minh City was listed by Saigon Jewelry Company Limited - PNJ at 110.3-113.4 million VND/tael (buy - sell). The gold price decreased by 1 million VND/tael in both buying and selling directions compared to the previous session, showing a strong adjustment in the PNJ gold segment.
At DOJI Group, the price of SJC gold bars in Hanoi, Ho Chi Minh City and Da Nang were listed at 115.5-118 million VND/tael (buy-sell), down 700 thousand VND/tael in both buying and selling directions, reflecting the general trend of the market. Meanwhile, the price of 9999 raw gold in Hanoi of DOJI reached 107-110.8 million VND/tael, down 500 thousand VND/tael and 700 thousand VND/tael in buying and selling directions, respectively.
Mi Hong Jewelry Company recorded the price of SJC gold at 116.5-118 million VND/tael (buy - sell). Notably, while the buy price remained unchanged, the sell price increased by 800 thousand VND/tael compared to yesterday, creating a rare highlight in the general downward trend. Meanwhile, Bao Tin Minh Chau Company Limited listed the price of SJC gold at 115.5-118 million VND/tael, down 700 thousand VND/tael in both buying and selling directions.
At Phu Quy Company, SJC gold price was traded at 114.5-118 million VND/tael (buy - sell). Gold price decreased by 1.2 million VND/tael for buying and 700 thousand VND/tael for selling, showing a significant adjustment. For Vietinbank Gold, the selling price of gold reached 117.2 million VND/tael, down 1.5 million VND/tael compared to the previous session.
In the jewelry gold segment, PNJ's 999.9 jewelry gold price was listed at VND110-112.5 million/tael (buy-sell), down VND1.3 million/tael in both directions. Similarly, SJC's 99% jewelry gold reached VND107.084-111.584 million/tael, down VND693 thousand/tael in both directions, while 68% jewelry gold decreased by VND876 thousand/tael and VND476 thousand/tael in both directions.
The closing price of gold on May 29, 2025 showed that the domestic gold market is under strong downward pressure, with most types of gold from SJC, PNJ to jewelry gold recording significant adjustments. In particular, the selling price of Mi Hong gold is a bright spot with a slight upward trend, attracting the attention of investors.
Gold price list today 5/29/2025 in Vietnam in detail:
| Gold price today | ||||
|---|---|---|---|---|
| Buy | Sell | |||
| SJC in Hanoi | 115.5 | ▼700K | 118.0 | ▼700K |
| DOJI Group | 115.5 | ▼700K | 118.0 | ▼700K |
| Red Eyelashes | 116.5 | - | 118.0 | ▲800 |
| PNJ | 110.3 | ▼1000K | 113.4 | ▼1000K |
| Vietinbank Gold | 117.2 | ▼1500K | ||
| Bao Tin Minh Chau | 115.5 | ▼700K | 118.0 | ▼700K |
| Phu Quy | 114.5 | ▼1200K | 118.0 | ▼700K |
| 1. DOJI - Updated: May 29, 2025 16:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 115,500 ▼7 00K | 118,000 ▼700K |
| AVPL/SJC HCM | 115,500 ▼7 00K | 118,000 ▼700K |
| AVPL/SJC DN | 115,500 ▼7 00K | 118,000 ▼700K |
| Raw material 9999 - HN | 107,000 500K | 110,800 700K |
| Raw material 999 - HN | 106,900 500K | 110,700 700K |
| 2. PNJ - Updated: May 29, 2025 16:00 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 110,300 ▼1000K | 113,400 ▼1000K |
| HCMC - SJC | 115,500 ▼700K | 118,000 ▼700K |
| Hanoi - PNJ | 110,300 ▼1000K | 113,400 ▼1000K |
| Hanoi - SJC | 115,500 ▼700K | 118,000 ▼700K |
| Da Nang - PNJ | 110,300 ▼1000K | 113,400 ▼1000K |
| Da Nang - SJC | 115,500 ▼700K | 118,000 ▼700K |
| Western Region - PNJ | 110,300 ▼1000K | 113,400 ▼1000K |
| Western Region - SJC | 115,500 ▼700K | 118,000 ▼700K |
| Jewelry gold price - PNJ | 110,300 ▼1000K | 113,400 ▼1000K |
| Jewelry gold price - SJC | 115,500 ▼700K | 118,000 ▼700K |
| Jewelry gold price - Southeast PNJ | 110,300 ▼1000K | |
| Jewelry gold price - Southeast SJC | 115,500 ▼700K | 118,000 ▼700K |
| Jewelry gold price - PNJ 999.9 Plain Ring | 110,300 ▼1000K | |
| Jewelry gold price - Kim Bao Gold 999.9 | 110,300 ▼1000K | 113,400 ▼1000K |
| Jewelry gold price - Phuc Loc Tai Gold 999.9 | 110,300 ▼1000K | 113,400 ▼1000K |
| Jewelry gold price - Jewelry gold 999.9 | 110,000 ▼1300K | 112,500 ▼1300K |
| Jewelry gold price - Jewelry gold 999 | 109,890 ▼1300K | 112,390 ▼1300K |
| Jewelry gold price - Jewelry gold 9920 | 109,200 ▼1290K | 111,700 ▼1290K |
| Jewelry gold price - Jewelry gold 99 | 108,980 ▼1280K | 111,480 ▼1280K |
| Jewelry gold price - 750 gold (18K) | 77,030 ▼970K | 84,530 ▼970K |
| Jewelry gold price - 585 gold (14K) | 58,460 ▼760K | 65,960 ▼760K |
| Jewelry gold price - 416 gold (10K) | 39,450 ▼540K | 46,950 ▼540K |
| Jewelry gold price - 916 gold (22K) | 100,650 ▼1190K | 103,150 ▼1190K |
| Jewelry gold price - 610 gold (14.6K) | 61,280 ▼790K | 68,780 ▼790K |
| Jewelry gold price - 650 gold (15.6K) | 65,780 ▼840K | 73,280 ▼840K |
| Jewelry gold price - 680 gold (16.3K) | 69,150 ▼880K | 76,650 ▼880K |
| Jewelry gold price - 375 gold (9K) | 34,840 ▼490K | 42,340 ▼490K |
| Jewelry gold price - 333 gold (8K) | 29,780 ▼420K | 37,280 ▼420K |
| 3. SJC - Updated: 5/29/2025 4:00 PM - Source website time - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 115,500 ▼7 00K | 118,000 ▼700K |
| SJC gold 5 chi | 115,500 ▼7 00K | 118,020 ▼700K |
| SJC gold 0.5 chi, 1 chi, 2 chi | 115,500 ▼7 00K | 118,030 ▼700K |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 110,300 ▼1000K | 113,400 ▼700K |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 110,300 ▼1000K | 113,300 ▼700K |
| Jewelry 99.99% | 110,300 ▼1000K | 112,700 ▼700K |
| Jewelry 99% | 107,084 ▼693K | 111,584 ▼693K |
| Jewelry 68% | 69,893 ▼876K | 76,793 ▼476K |
| Jewelry 41.7% | 40,250 ▼691K | 47,150 ▼291K |
| 3. SJC - Updated: 5/27/2025 09:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 115,500 ▼7 00K | 118,000 ▼700K |
| SJC gold 5 chi | 115,500 ▼7 00K | 118,020 ▼700K |
| SJC gold 0.5 chi, 1 chi, 2 chi | 115,500 ▼7 00K | 118,030 ▼700K |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 110,300 ▼1000K | 113,400 ▼700K |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 110,300 ▼1000K | 113,300 ▼700K |
| Jewelry 99.99% | 110,300 ▼1000K | 112,700 ▼700K |
| Jewelry 99% | 107,084 ▼693K | 111,584 ▼693K |
| Jewelry 68% | 69,893 ▼876K | 76,793 ▼476K |
| Jewelry 41.7% | 40,250 ▼691K | 47,150 ▼291K |
Update gold price today 5/29/2025 in the world
At the time of trading at 4:00 p.m. on May 29, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,281.73 USD/ounce. Converted according to the USD exchange rate on the free market (26,210 VND/USD), the world gold price is equivalent to about 104.02 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (115.5-118.0 million VND/tael), the SJC gold price is currently about 13.98 million higher than the international gold price.
On the afternoon of May 29, 2025, the price of gold on the world market continued to decrease, marking the lowest level in more than a week. The spot gold price decreased by 0.6% to 3,271.17 USD/Ounce, while the gold futures price in the US also decreased by 0.8% to 3,268.20 USD/Ounce. This decrease mainly stemmed from a US commercial court's ruling blocking President Donald Trump's "retaliatory tariffs", reducing the appeal of gold as a safe haven asset. At the same time, the stronger USD also put great pressure on the gold price, making the gold price on the afternoon of May 29, 2025 less attractive to international investors.
President Trump imposed retaliatory tariffs on several countries with trade surpluses on April 2, raising concerns about a global recession. However, just a week later, some of these tariffs were suspended. The latest ruling by the US trade court on Wednesday sent the US dollar index soaring, pushing gold prices down as gold became more expensive when purchased with other currencies. Along with that, the US and Asian stock markets also recorded an upward trend, reducing investment demand for gold. However, the Trump administration has announced an appeal, with the possibility that the case could be brought to the Supreme Court, indicating that trade tensions could still persist.
Despite today's drop in gold prices, the long-term outlook for the gold market remains positive. According to Nicholas Frappell, head of global institutional markets at ABC Refinery, the possibility of a weaker US dollar in the future, combined with rising inflationary pressures, will continue to support gold prices. Minutes of the US Federal Reserve's May 6-7 meeting showed that officials were concerned about inflation and unemployment rising at the same time. This poses a major challenge: the Fed may have to choose between tightening monetary policy to curb inflation or cutting interest rates to support economic growth and employment. These factors make gold still considered an attractive investment channel in the context of economic instability.
Investors are awaiting US GDP data and the personal consumption expenditure (PCE) index today for further clues on the Fed's interest rate direction. These figures could strongly influence gold prices this afternoon, May 29, 2025, and the short-term market trend. In other precious metals, spot silver prices edged up 0.7% to $33.21 an ounce, while platinum fell 0.2% to $1,073.15 and palladium rose 0.9% to $971.57.
In summary, the gold price today, May 29, 2025, on the world market is under pressure from the strong USD and the optimistic sentiment in the stock market after the US court's decision. However, with potential economic and geopolitical uncertainties, gold still retains its long-term appeal to investors looking for safety.
News, gold price trends today May 29, 2025 domestic and world gold prices
Gold prices today, May 29, 2025, are experiencing notable fluctuations in the world market. If the US Federal Reserve (Fed) cuts interest rates, this will be good news for gold, as the USD may weaken, creating conditions for gold prices to increase. Currently, the Fed is keeping interest rates at 4.25% - 4.5% from December 2024, making the cost of holding gold - a non-interest-bearing asset - expensive, slowing the price increase.
Many investors are closely watching monetary policy signals from the Fed as well as trade negotiations between the US and the EU, Japan and China. Any tough statements from either side could push gold prices up today, May 29, 2025, while a truce could cause prices to fall. In addition, the tension in Ukraine also has a big impact, especially when Russia reacted strongly to President Trump's warning to Mr. Putin, even risking World War III.
Technically, gold is facing immediate resistance at $3,324.50 an ounce, the high reached on May 27. The next resistance levels are $3,350 an ounce and $3,400 an ounce, while the nearest support level is $3,290 an ounce. Francisco Blanch, an expert at Bank of America Securities, said that gold is currently correcting due to the easing of geopolitical tensions in the short term. However, he is optimistic that gold and silver will rally strongly in the second half of 2025.
Gold prices hit their $3,500/ounce target in the first half of this year, but are currently in a correction that could last several months. Blanch believes that a return to geopolitical or policy uncertainty is needed to break above $3,500/ounce and continue to rise. He predicts that gold prices could hit $4,000/ounce by late 2025 or 2026, but for now, sustained gains are unlikely.
Source: https://baodaknong.vn/gia-vang-hom-nay-29-5-2025-gia-vang-trong-nuoc-va-the-gioi-sut-giam-manh-do-phan-ung-thuong-mai-my-253993.html
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