At the end of the session on May 5 , the price of gold bars at SJC closed at 117.8-119.8 million VND/tael (buy - sell), down 1.5 million VND/tael in both buying and selling compared to the closing session before the April 30 - May 1 holiday.

At the end of the session, the price of SJC gold rings of 1-5 chi was listed at 112.5-115 million VND/tael (buy - sell), down 1.5 million VND/tael in both buying and selling compared to the closing price of the trading session before the holiday.

The price of 9999 gold rings at Doji closed the session at 112.5-115 million VND/tael, also down 1.5 million VND/tael in both buying and selling compared to the closing price before the holiday.

This afternoon, the world gold price increased quite strongly . At 5:39 p.m. (Vietnam time), the spot gold price reached 3,313.7 USD/ounce.

Meanwhile, this afternoon, the price of SJC 9999 gold reversed and decreased by 500 thousand VND/tael in both buying and selling prices, to 117.8-119.8 million VND/tael (buying - selling).

At 11:08, the price of SJC 9999 gold reversed and increased by 500 thousand VND/tael in both buying and selling compared to this morning, to 118.3-120.3 million VND/tael (buying - selling).

Domestic gold ring prices this morning were sharply reduced by brands.

Early this morning, SJC Company listed the price of gold rings type 1-5 at only 112.5-115 million VND/tael (buy - sell), down 1.5 million VND/tael in both buying and selling compared to the closing price before the April 30 - May 1 holiday.

Doji Gold and Gemstone Group early this morning also traded the price of 9999 gold rings at 112.5-115 million VND/tael (buy - sell), down 1.5 million VND/tael in both buying and selling compared to the end of the trading session before the holiday.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 112,500,000 - 1,500,000 115,000,000 - 1,500,000
Doji 112,500,000 - 1,500,000 115,000,000 - 1,500,000

SJC and Doji gold ring price list updated on the afternoon of May 5

Opening the trading session on May 5 , the price of SJC 9999 gold decreased by 1.5 million VND/tael in both buying and selling compared to the closing session before the April 30-May 1 holiday, reaching 117.8-119.8 million VND/tael (buying - selling).

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 117,800,000 - 1,500,000 119,800,000 - 1,500,000
Doji Hanoi 117,800,000 - 1,500,000 119,800,000 - 1,500,000
Doji HCMC 117,800,000 - 1,500,000 119,800,000 - 1,500,000

SJC and Doji gold bar price list updated on the afternoon of May 5

The central exchange rate on May 5 announced by the State Bank was 24,944 VND/USD, down 12 VND compared to the trading session before the April 30-May 1 holiday. The USD price at commercial banks this morning (May 5) was commonly listed at 25,800 VND/USD (buy) and 26,190 VND/USD (sell).

At 8:37 a.m. today (May 5, Vietnam time) , the world spot gold price was at 3,266.5 USD/ounce, up 27.5 USD/ounce compared to the close last week. The gold futures price for June 2025 on the Comex New York floor was at 3,272 USD/ounce.

On the morning of May 5, the world gold price converted to USD bank price was over 104.1 million VND/tael, including tax and fees, about 15.7 million VND/tael lower than the domestic gold price.

The spot gold price on Kitco closed the trading week at $3,239/ounce. The gold futures contract for June 2025 on the Comex (New York) stood at $3,247/ounce.

This week, the market focus will be on the US Federal Reserve (Fed) with the important meeting of the Federal Open Market Committee (FOMC) in May. The interest rate decision, scheduled to be announced on Wednesday, along with the press conference that follows from Chairman Jerome Powell promises to attract the attention of investors.

With markets leaning towards the possibility of the Fed keeping the federal funds rate unchanged, Mr. Powell’s remarks and policy explanations will be closely watched, especially after his high-profile comments in early April. Any hint that the Fed might consider changing its current path would have a significant impact on gold prices.

Recent US economic data shows some positive signs, despite signs of slowing. US GDP fell 0.3% in the first quarter of 2025; however, this decline was mainly due to higher imports, in part because companies invested in equipment to increase production.

gold.jpg
Gold prices are expected to decrease. Photo: Chi Hieu

The labor market is better than expected. The U.S. Labor Department reported that the economy added 177,000 jobs last month, beating market expectations. The unemployment rate remained unchanged at 4.2% last month, and wage growth has been relatively steady.

Economic data last week also showed inflationary pressures remained steady.

This week, the market will also pay special attention to two other important economic indicators: the May services purchasing managers index (PMI) released by the Institute for Supply Management (ISM) and the weekly jobless claims report, scheduled for release on Thursday. These data are expected to provide more information on the health of the US economy.

Regarding the tariff issue, China recently announced that it is considering the US's proposal for trade negotiations. Global markets are closely following these developments. Any progress in the US-China trade negotiations could have a major impact on the world economy.

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).

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 smooth round gold rings at 114-116.5 million VND/tael (buy - sell).

Domestic investors are advised to be cautious and closely monitor market information to make appropriate trading decisions after the holiday.

Gold Price Forecast

Kitco News' weekly gold survey found that a majority of experts see gold prices falling in the near term, while retail traders remain bullish on the precious metal's outlook.

According to the results of a survey by Kitco News on Wall Street, only 28% predicted that gold prices would increase, 50% predicted that gold prices would decrease, and 22% chose to see gold prices unchanged. According to the results of an online poll, 52% expected gold prices to increase, 29% chose gold prices to decrease, and 19% chose to remain unchanged.

Fawad Razaqzada, market analyst at StoneX Bullion, said gold prices could fall to $3,000 an ounce if a trade deal shows positive signs. The market is optimistic as China appears ready to start negotiations.

Razaqzada said that although the negotiations will take some time, investors have rushed back to buying stocks, with the S&P 500 index up more than 17% from its April low. Over the past week, gold prices have fallen 8.5% from high to low, equivalent to $298/ounce.

Razaqzada added that if the stock market reflects the trade deal expectations, the safe-haven demand for gold will fall sharply. Based on that, the forecast for gold in the short term is likely to decline and even fall below the $3,000 mark.

Marc Chandler, managing director at Bannockburn Global Forex, said he is bullish on the dollar and expects US interest rates to rise in the short term. This could push gold prices down to the $3,150-$3,165 range. Conversely, if prices break above $3,315, concerns about the downtrend will be alleviated.

Source: https://vietnamnet.vn/gia-vang-hom-nay-5-5-2025-du-bao-giam-sjc-va-nhan-co-the-dieu-chinh-manh-2397597.html