Domestic gold prices are still not traded today due to the April 30-May 1 holiday.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 119,300,000 0 121,300,000 0
Doji Hanoi 119,300,000 0 121,300,000 0
Doji HCMC 119,300,000 0 121,300,000 0

                              SJC and Doji gold bar price list updated on the morning of May 3

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 114,000,000 0 116,500,000 0
Doji 114,000,000 0 116,500,000 0

                    SJC and Doji gold ring price list updated morning of May 3

At 9:00 p.m. today, the world spot gold price continued to move sideways at $3,239.6/ounce.

At 8:11 a.m. today (May 3, Vietnam time) , the world spot gold price was at 3,239.6 USD/ounce, down 9.4 USD/ounce compared to last night. The price of gold futures for June 2025 on the Comex New York floor was at 3,257 USD/ounce.

On the morning of May 3 , the world gold price converted to USD bank price was over 102.2 million VND/tael, including tax and fees, about 19.1 million VND/tael lower than the domestic gold price.

The price of gold on the Kitco floor at 8:30 p.m. (May 2, Vietnam time) was trading at $3,249/ounce, down 0.3% from the beginning of the session. The price of gold futures for June 2025 delivery on the Comex New York floor was trading at $3,264/ounce.

The US Dollar Index (DXY), which measures the greenback's performance against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 99.63 points.

Immediately after the US employment report was released, the world gold price fell to 3,200 USD/ounce. Despite increasing economic obstacles, the US labor market continues to be strong, creating more jobs than expected.

The US Bureau of Labor Statistics said nonfarm payrolls increased by 177,000 in April, more than economists' forecasts of about 138,000.

Federal Reserve policymakers signaled that interest rates will remain unchanged for the foreseeable future. The Fed is monitoring the possibility of a slowdown in the economy due to President Donald Trump’s tariffs, which could lead to layoffs, a factor that could force them to act if inflation is not too persistent.

The Fed is expected to keep its policy rate unchanged in a range of 4.25-4.5% after its two-day policy meeting next week.

Regarding the tariff issue, the Chinese Ministry of Commerce announced that the US side has proactively contacted relevant parties many times to convey the message that they want to talk to China. In a recent statement, Mr. Trump expressed confidence that there is a "very high possibility" that the two sides will reach an agreement.

This is seen as a positive signal for the possibility of easing trade tensions between the US and China, a factor that has shaken global markets in recent times, thereby boosting risk sentiment and reducing the appeal of safe haven assets such as gold.

US Treasury Secretary Scott Bessent said some top trading partners had made “very good” proposals to avoid US tariffs.

gold (44).jpg
World gold prices are heading for a second week of decline. Photo: Chi Hieu

The domestic gold market has temporarily suspended trading due to the April 30-May 1 holiday. At the end of the trading session on April 29, the price of 9999 gold bars at SJC and Doji was listed at 119.3-121.3 million VND/tael (buy - sell).

The price of gold rings also remained high. By the end of the afternoon of April 29, SJC announced the price of gold rings of type 1-5 at only 114-116.5 million VND/tael (buy - sell). Doji listed the price of 9999 plain gold rings at 114-116.5 million VND/tael (buy - sell).

Gold Price Forecast

Bullion will continue to find solid support, said Ole Hansen, head of commodity strategy at Saxo Bank. The trend toward de-dollarization and the impact of U.S. tariffs on global growth and financial stability will be supportive factors for gold.

Analysts forecast an average annual gold price of over $3,000 an ounce. The poll of 29 traders and analysts produced a median forecast of $3,065 an ounce this year, up from $2,756 an ounce in the poll three months ago. The 2026 gold price forecast was also raised to $3,000 an ounce from $2,700 an ounce.

Global trade tensions and the growing trend of de-dollarization have been key drivers of gold prices, with spot prices up more than 25% since the start of the year, nearly matching last year’s 27% gain.

However, price risks remain as physical markets are choppy and central bank money flows slow, while fading tariff and recession risks could reduce gold's appeal as a safe haven, said Suki Cooper, an analyst at Standard Chartered.

Source: https://vietnamnet.vn/gia-vang-hom-nay-3-5-2025-du-bao-kho-tang-manh-sjc-va-nhan-van-neo-cao-2397214.html