Update gold price today 5/7/2025 latest in domestic market
At the time of survey at 11:30 on May 7, 2025, the latest gold price on May 7, 2025 recorded a slight downward trend in the domestic market. Specifically:
The price of SJC gold in Hanoi was listed by DOJI Group at 119.7-121.7 million VND/tael (buy - sell), a decrease of 500 thousand VND/tael in both buying and selling directions compared to yesterday.
At the same time, SJC gold price at Mi Hong was listed at 120.7-122.2 million VND/tael (buy - sell), with gold price increasing by 200 thousand VND/tael in both buying and selling directions compared to yesterday.
At PNJ, the price of 9999 round gold rings is traded at 115.5-118.1 million VND/tael (buy - sell), the gold price increased by 500 thousand VND/tael for buying and 100 thousand VND/tael for selling compared to yesterday.
Gold price in Phu Quy is listed by businesses at 119.2-122.2 million VND/tael (buy - sell), with gold price decreasing 600 thousand VND/tael in both buying and selling directions compared to yesterday.
SJC gold price at Bao Tin Minh Chau fluctuated at 120.2-122.5 million VND/tael (buy - sell), the gold price remained unchanged at the buy price but increased by 300 thousand VND/tael at the sell price compared to yesterday. This fluctuation makes investors particularly interested in today's gold price on May 7, 2025.
As of 11:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 116-118.5 million VND/tael (buy - sell); an increase of 500 thousand VND/tael in both buying and selling directions compared to yesterday. Bao Tin Minh Chau listed the price of gold rings at 117.5-120.5 million VND/tael (buy - sell);
The latest gold price update table today, May 7, 2025 is as follows:
| Gold price today | ||||
|---|---|---|---|---|
| Buy | Sell | |||
| SJC in Hanoi | 119.7 | ▼500 | 121.7 | ▼500 |
| DOJI Group | 120.2 | - | 122.2 | - |
| Red Eyelashes | 120.7 | ▲200 | 122.2 | ▲200 |
| PNJ | 115.5 | ▲500 | 118.1 | ▲100 |
| Vietinbank Gold | 121.7 | ▼500 | ||
| Bao Tin Minh Chau | 120.2 | - | 1225 | ▲300 |
| Phu Quy | 119.2 | ▼600 | 122.2 | ▼600 |
| 1. DOJI - Updated: 5/7/2025 11:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 119,700 ▼500K | 121,700 ▼500K |
| AVPL/SJC HCM | 119,700 ▼500K | 121,700 ▼500K |
| AVPL/SJC DN | 119,700 ▼500K | 121,700 ▼500K |
| Raw material 9999 - HN | 114,300 ▼1000 | 117,100 - |
| Raw material 999 - HN | 114,200 ▼1000 | 117,000 - |
| 2. PNJ - Updated: May 7, 2025 11:30 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC PNJ gold bars | 120,200,000 - | 122,200,000 - |
| PNJ 9999 round gold ring | 115,500,000 ▲500,000 | 118,100,000 ▲100,000 |
| Kim Bao 9999 Gold | 115,500,000 ▲500,000 | 118,100,000 ▲100,000 |
| Gold Phuc Loc Tai 9999 | 115,500,000 ▲500,000 | 118,100,000 ▲100,000 |
| PNJ Gold Bar - Phuong Hoang | 115,500,000 ▲500,000 | 118,100,000 ▲100,000 |
| PNJ 9999 Gold | 115,000,000 - | 117,500,000 - |
| PNJ 24K Gold | 114,880,000 - | 117,380,000 - |
| 99 gold jewelry | 113,930,000 - | 116,430,000 - |
| 916 Gold (22K) | 105,230,000 - | 107,730,000 - |
| 18K PNJ Gold | 80,780,000 - | 88,280,000 - |
| 680 Gold (16.3K) | 72,550,000 - | 80,050,000 - |
| 650 Gold (15.6K) | 69,030,000 - | 76,530,000 - |
| 610 Gold (14.6K) | 64,330,000 - | 71,830,000 - |
| 14K PNJ Gold | 61,390,000 - | 68,890,000 - |
| 416 Gold (10K) | 41,530,000 - | 49,030,000 - |
| 375 Gold (9K) | 36,710,000 - | 44,210,000 - |
| 333 Gold (8K) | 31,430,000 - | 38,930,000 - |
| 3. SJC - Updated: 5/7/2025 11:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 119,700 ▼500K | 121,700 ▼500 |
| SJC gold 5 chi | 119,700 ▼500K | 121,720 ▼500 |
| SJC gold 0.5 chi, 1 chi, 2 chi | 119,700 ▼500K | 121,730 ▼500 |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 115,500 - | 118,000 - |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 115,500 - | 118,100 - |
| Jewelry 99.99% | 115,500 - | 118,400 - |
| Jewelry 99% | 111,737 - | 116,237 - |
| Jewelry 68% | 73,489 ▼159 | 79,989 - |
| Jewelry 41.7% | 42,610 ▼500 | 49,110 - |
Update gold price today May 7, 2025 latest on the world market
At the time of trading at 11:30 a.m. on May 7, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,383.88 USD/ounce. Converted according to the USD exchange rate on the free market (26,180 VND/USD), the world gold price is equivalent to about 107.06 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (119.7-121.7 million VND/tael), the SJC gold price is currently about 14.64 million higher than the international gold price.
The main reason for the decline is believed to be that investors are expecting positive signals from trade negotiations between the two major economies. Ilya Spivak, head of global macro at Tastylive, said that the market is moving into a "high-risk" state as there are signs that the US and China have started real negotiations. The upcoming meeting between US Treasury Secretary Scott Bessent, top trade negotiator Jamieson Greer and senior Chinese economic official Xia Lifeng in Switzerland later this week has further increased these expectations.
However, tensions remain high as the two countries imposed retaliatory tariffs on each other last month, raising concerns about a global trade war that could lead to a recession. US President Donald Trump has also said he and senior officials will review potential trade deals in the next two weeks to decide what to accept, keeping markets on their toes.
In addition, investors' attention today is also focused on the Federal Open Market Committee (FOMC) meeting - the policy-making body of the US Central Bank (Fed). The Fed is expected to keep interest rates unchanged at this meeting, but will maintain an ambiguous stance to maintain flexibility, especially when trying to assess the impact of the trade war on growth and inflation. According to traders, the Fed may cut interest rates by about 80 basis points this year, starting in July, and the comments of Fed Chairman Jerome Powell will be an important factor to reveal this time.
Gold is often seen as a safe haven in times of economic and political uncertainty, especially when interest rates are low. This means that if interest rates fall, gold prices can be supported and rise again. However, in the current situation, the prices of other precious metals such as silver, platinum and palladium are also falling, to $32.93, $979.07 and $970.28 per ounce, respectively, indicating general pressure on the precious metals market. Therefore, the gold price today, May 7, 2025, on the world market is being influenced by both trade expectations and the Fed's decision, creating a complicated picture for investors.
News, gold price trends today 5/7/2025 domestic and world gold prices
Gold prices today, May 7, 2025, are experiencing notable fluctuations in the international market. Although gold prices have recently had a sharp downward adjustment session, the general trend is still increasing due to the unstable world context. Decisions by the administration of US President Donald Trump can greatly affect the global financial and commodity markets.
In the US stock market, the risk-off sentiment is returning as there has been no breakthrough in the global trade war. This has caused investors to seek gold as a safe haven. In addition, the appreciation of some key currencies such as the Japanese yen is putting pressure on the USD, causing the gold price today, May 7, 2025, to be affected when the USD weakens.
Technically, gold is facing strong resistance at $3,509.9 an ounce, while support is at $3,209.4 an ounce from last week. As of 6 a.m. on May 7, the international gold price reached $3,396 an ounce, up $46 from last night's low of $3,350 an ounce.
Gold prices today, May 7, 2025, continued to rise thanks to strong demand for gold in China, especially from retailers. The Shanghai Gold Exchange recorded a record trading volume, reflecting the trend of hoarding gold in the context of global economic and trade uncertainty. The depreciation of the US dollar also contributed to the increase in gold prices, as gold often has an inverse relationship with this currency, making it more attractive to international investors.
In addition, the US stock index fell and risk-off sentiment increased due to the lack of progress in the global trade war. This further strengthened the role of gold as a safe investment channel, supporting the gold price today, May 7, 2025, to continue the positive trend.
Source: https://baodaknong.vn/gia-vang-hom-nay-7-5-2025-gia-vang-trong-nuoc-giam-nhe-gia-vang-the-gioi-tien-sat-3400-usd-251750.html
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