Gold price today 5/7/2025: Domestic gold price increased beyond the threshold

Domestic gold price this morning 5/7/2025

According to a survey by Ha Tinh Newspaper at 4:30 a.m. on May 7, 2025, the gold price recorded a slight decrease after a strong increase yesterday afternoon, May 6, causing the domestic gold price to exceed the threshold, reaching 123.3 million VND tael at 9:00 a.m.

Opening today's trading session, the gold price on May 7, 2025, the gold market is still above 122 million VND/tael.

Accordingly, the price of SJC gold bars is listed by Saigon Jewelry Company - SJC at 120.2 - 122.2 million VND/tael (buy - sell).

Opening this morning's session, DOJI also traded gold price at 120.2 million VND/tael for buying - 122.2 million VND/tael for selling.

The price of SJC gold rings at Bao Tin Minh Chau Company Limited is traded at 117.5/tael for buying and 120.5 million VND/tael for selling.

Compared to the trading session yesterday morning, May 6, the domestic gold price has decreased slightly but is still at a high level. This shows that the domestic gold market is responding positively to the increasing demand for safe havens. Investors need to monitor closely to seize opportunities in the context of strong fluctuations in gold prices.

DOJI gold price morning 5/7/2025

Domestic gold price	Buy	Sell
AVPL/SJC HN (thousand/tael)	120,200	122,200
AVPL/SJC HCM (thousand/tael)	120,200	122,200
AVPL/SJC DN (thousand/tael)	120,200	122,200
Raw material 9999 - HN(99.9)	11,530	11,710
Raw material 999 - HN(99)	11,520	11,700

SJC GOLD PRICE LIST MAY 7, 2025

#	Type (thousand VND/tael)	Buy	Sell
1	Ho Chi Minh	120,200+0	122,200+0
2	North	120,200+0	122,200+0
3	Ha Long	120,200+0	122,500+0
4	Hai Phong	120,200+0	122,200+0
5	Central region	120,200+0	122,200+0
6	Hue	120,200+0	122,200+0
7	Quang Ngai	120,200+0	122,200+0
8	Nha Trang	120,200+0	122,200+0
9	Bien Hoa	120,200+0	122,200+0
10	West	120,200+0	122,200+0
11	Bac Lieu	120,200+0	122,200+0
12	Ca Mau	120,200+0	122,200+0

World gold price this morning 5/7/2025

At the time of trading at 4:30 a.m. on May 7, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,380.61 USD/ounce. Converted according to the USD exchange rate on the free market (25,960 VND/USD), the world gold price is equivalent to about 106.96 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (120.5-122.5 million VND/tael), the SJC gold price is currently about 15.54 million higher than the international gold price.

Gold prices this morning on the world market rose to a two-week high of $3,362.69 per ounce. The main reason for the increase in gold prices is that many people are worried about US President Donald Trump's tax plans. When there is such uncertainty, gold is often seen as a safe place to protect assets, so many investors have poured money into gold. In particular, Mr. Trump recently announced that he would impose a 100% tax on foreign-produced films and could soon impose a tax on pharmaceutical products. This information makes people worried about market volatility, causing them to turn to gold as a way to protect their assets.

Source: https://baohatinh.vn/gia-vang-hom-nay-752025-gia-vang-trong-nuoc-tang-vuot-nguong-post287299.html