At the end of the session on May 6 , the price of gold bars at SJC closed at 120.2-122.2 million VND/tael (buy - sell), an increase of 2.4 million VND/tael in both buying and selling compared to the end of yesterday's trading session.

At the end of the session, the price of 1-5 chi SJC gold rings and the price of 9999 gold rings at Doji were listed at 115.5-118 million VND/tael (buy - sell), an increase of 3 million VND/tael in both buying and selling compared to yesterday's closing price.

This afternoon, world gold prices fluctuated within a narrow range. At 3:23 p.m. (Vietnam time), spot gold prices were at $3,377.4/ounce.

Meanwhile, this afternoon, the price of SJC 9999 gold reversed and decreased by 1.1 million VND/tael in both buying and selling, to 120.2-122.2 million VND/tael (buying - selling).

At 9:23 a.m. today (May 6, Vietnam time) , the world spot gold price was at 3,382.4 USD/ounce, up 63.4 USD/ounce compared to last night.

Domestic gold prices this morning were also adjusted to increase sharply following developments in the world market.

At 9:09 a.m., the price of SJC 9999 gold increased by 500,000 VND/tael in both buying and selling compared to this morning, to 121.3-123.3 million VND/tael (buying - selling).

Domestic gold ring prices this morning were adjusted to increase sharply by brands.

Early this morning, SJC Company listed the price of gold rings of type 1-5 at only 115.5-118 million VND/tael (buy - sell), an increase of 3 million VND/tael in both buying and selling compared to yesterday's closing price.

Doji Gold and Gemstone Group also raised the price of 9999 gold rings to 115.5-118 million VND/tael (buy - sell) early this morning, 3 million VND/tael more expensive in both buying and selling compared to yesterday's closing price.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 115,500,000 + 3,000,000 118,000,000 + 3,000,000
Doji 115,500,000 + 3,000,000 118,000,000 + 3,000,000

                          SJC and Doji gold ring price list updated on the morning of May 6

Opening the trading session on May 5, the price of SJC 9999 gold was adjusted up by 3 million VND/tael in both buying and selling compared to the closing price of yesterday's trading session, up to 120.8-122.8 million VND/tael (buying - selling).

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 120,200,000 + 2,400,000 122,200,000 + 2,400,000
Doji Hanoi 120,200,000 + 2,400,000 122,200,000 + 2,400,000
Doji HCMC 120,200,000 + 2,400,000 122,200,000 + 2,400,000

                        SJC and Doji gold bar price list updated on the afternoon of May 6

The central exchange rate on May 6 announced by the State Bank was 24,938 VND/USD, down 6 VND compared to the previous trading session. The USD price at commercial banks this morning (May 6) was commonly listed at 25,450 VND/USD (buy) and 26,135 VND/USD (sell).

At 8:31 a.m. today (May 6, Vietnam time) , the world spot gold price was at 3,356.4 USD/ounce, up 37.4 USD/ounce compared to last night. The price of gold futures for June 2025 on the Comex New York floor was at 3,369 USD/ounce.

On the morning of May 6 , the world gold price converted to USD bank price was over 106.8 million VND/tael, including tax and fees, about 16 million VND/tael lower than the domestic gold price.

At the end of the session on May 5, the price of SJC gold bars decreased by 1.5 million VND/tael compared to the session before the holiday, down to 117.8 million VND/tael for buying and 119.8 million VND/tael for selling.

The price of 1-5 chi SJC gold rings and 9999 gold rings at Doji are both listed at 112.5-115 million VND/tael (buy - sell), down 1.5 million VND/tael compared to the closing price before the holiday.

The price of gold on the Kitco floor at 8:00 p.m. (May 5, Vietnam time) was trading at $3,319/ounce, up 2.34% from the beginning of the session. The price of gold futures for June 2025 delivery on the Comex New York floor was trading at $3,325/ounce.

Gold prices rose sharply in the first session of the week in the US due to demand for shelter, especially from Chinese investors.

Strong demand from Chinese retailers is keeping the precious metal steady despite selling by Western speculators, according to an analysis by Saxo Bank, suggesting that Chinese people are concerned about the health of the economy and are seeking gold as a safe haven.

gold price pham hai.jpg
Domestic gold prices decrease. Photo: Pham Hai

The weakening of the USD index at the beginning of the new trading week is also a supporting factor for the gold market. The US Dollar Index (DXY), which measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 99.5 points.

Financial markets are awaiting the Federal Reserve's interest rate decision, which is expected to be announced on Wednesday afternoon (local time). The two-day meeting of the Federal Open Market Committee (FOMC) will begin on Tuesday morning. Analysts agree that the Fed is likely to keep the current US monetary policy unchanged.

Investors are also paying close attention to any signs of a possible easing of US-China trade tensions.

In a speech over the weekend, President Donald Trump said new trade deals could be announced as early as this week. Mr. Trump emphasized the central role of the United States in the negotiation process. “We are negotiating with many countries, but I will make the deal, not them,” Mr. Trump said.

Nymex crude oil futures are currently trading weakly at around $57.75 a barrel. According to reports, the Organization of the Petroleum Exporting Countries (OPEC) has agreed to increase crude oil production starting in June.

The yield on the 10-year US Treasury note is at 4.306%.

Gold Price Forecast

The global gold market has seen a sharp increase in demand from China. Preliminary data shows that inflows into gold ETFs listed in China have reached a record high, according to Joseph Cavatoni, senior market strategist at the World Gold Council.

“Eastern investors are back,” he said. “We saw more money flowing into China in April than we did into the United States.”

Tim Waterer, chief market analyst at KCM Trade, noted that the market's focus will be on the Fed's policy decision and speeches from several Fed officials this week, for better understanding of future monetary policy.

The US dollar is on a downward trend ahead of the Fed meeting. Gold prices will continue to trade in the range of 3,200-3,350 USD.

The world gold price has been 'overbought', what will happen next? The gold price fluctuated strongly, peaking at 3,500 USD/ounce, then plummeting and then breaking out again. Many people believe that the gold price has peaked after being overbought. However, some analysts believe that the increase is not over yet.

Source: https://vietnamnet.vn/gia-vang-hom-nay-6-5-2025-tang-manh-vuot-123-trieu-dong-luong-2398022.html