Update gold price today 5/8/2025 latest in domestic market
At the time of survey at 10:30 a.m. on May 8, 2025, domestic gold prices recorded a strong upward trend in most major trading systems. The adjustment levels ranged from VND 500,000 to VND 1 million/tael in both buying and selling directions. Specifically:
In Hanoi , the price of SJC gold bars was listed at 120.7 million VND/tael (buy) and 122.7 million VND/tael (sell), an increase of 500 thousand VND/tael in both directions compared to yesterday.
Similarly, in Ho Chi Minh City and Da Nang , SJC gold price also recorded a similar increase, keeping the difference between buying and selling at 2 million VND/tael.
The price of SJC gold bars at DOJI today is listed at 120.7 million VND/tael (buy) and 122.7 million VND/tael (sell), an increase of 500 thousand VND/tael in both directions.
Gold prices at Mi Hong also recorded an upward trend, with prices of 120.7 million VND/tael (buy) and 122.7 million VND/tael (sell). In particular, the selling price increased more strongly, reaching an increase of 1 million VND/tael compared to yesterday.
At Bao Tin Minh Chau, SJC gold price was traded at 120.7 million VND/tael (buy) and 122.7 million VND/tael (sell), an increase of 500 thousand VND/tael in both directions.
Gold price in Phu Quy recorded the highest increase today, with price of 119.7 million VND/tael (buy) and 122.7 million VND/tael (sell), an increase of 1 million VND/tael in both directions compared to yesterday.
Gold prices at PNJ also showed a sideways trend in some types of jewelry gold. Specifically, the price of SJC PNJ gold bars remained at VND115.5 million/tael (buy) and VND118.1 million/tael (sell), unchanged from yesterday.
As of 10:00 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 115.5-118.0 million VND/tael (buy - sell). The price of gold rings at Bao Tin Minh Chau is listed at 118.0-121.0 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling directions.
The upward trend in gold prices today, May 8, 2025, is driven by fluctuations in the international market and domestic demand. Major systems such as SJC, DOJI, Mi Hong and Phu Quy all recorded significant increases, especially in the selling direction. With this strong increase, gold prices are gradually approaching record highs, attracting great attention from investors and consumers.
The latest gold price update table today, May 8, 2025 is as follows:
| Gold price today | ||||
|---|---|---|---|---|
| Buy | Sell | |||
| SJC in Hanoi | 120.7 | ▲500 | 122.7 | ▲500 |
| DOJI Group | 120.7 | ▲500 | 122.7 | ▲500 |
| Red Eyelashes | 120.7 | ▲500 | 122.7 | ▲1000 |
| PNJ | 115.5 | - | 118.1 | - |
| Vietinbank Gold | 122.7 | ▲500 | ||
| Bao Tin Minh Chau | 120.7 | ▲500 | 122.7 | ▲500 |
| Phu Quy | 119.7 | ▲1000 | 122.7 | ▲1000 |
| 1. DOJI - Updated: 5/8/2025 11:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 120,700 ▲500 | 122,700 ▲500 |
| AVPL/SJC HCM | 120,700 ▲500 | 122,700 ▲500 |
| AVPL/SJC DN | 120,700 ▲500 | 122,700 ▲500 |
| Raw material 9999 - HN | 113,500 - | 117,100 - |
| Raw material 999 - HN | 113,400 - | 117,000 - |
| 2. PNJ - Updated: May 8, 2025 11:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC PNJ gold bars | 120,700,000 ▲500K | 122,700,000 ▲500K |
| PNJ 9999 plain gold ring | 115,500,000 | 118,100,000 |
| Kim Bao 9999 Gold | 115,500,000 | 118,100,000 |
| Gold Phuc Loc Tai 9999 | 115,500,000 | 118,100,000 |
| PNJ Gold Bar - Phuong Hoang | 115,000,000 | 117,500,000 |
| PNJ 9999 Gold Jewelry | 115,500,000 | 118,100,000 |
| PNJ 24K Gold Jewelry | 114,880,000 | 117,380,000 |
| 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: 5/8/2025 11:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 120,700 ▲500 | 122,700 ▲500 |
| SJC gold 5 chi | 120,700 ▲500 | 122,720 ▲500 |
| SJC gold 0.5 chi, 1 chi, 2 chi | 120,700 ▲500 | 122,730 ▲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 - | 117,400 - |
| Jewelry 99% | 111,737 - | 116,237 - |
| Jewelry 68% | 73,489 - | 79,989 - |
| Jewelry 41.7% | 42,610 - | 49,110 - |
Update gold price today May 8, 2025 latest on the world market
At the time of trading at 11:30 a.m. on May 8, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,389.66 USD/ounce. Converted according to the USD exchange rate on the free market (26,140 VND/USD), the world gold price is equivalent to about 107.25 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (120.7-122.7 million VND/tael), the SJC gold price is currently about 15.45 million higher than the international gold price.
Gold prices today, May 8, 2025, on the world market are slightly increasing due to concerns about the global economy. According to Reuters, spot gold prices increased by 0.9% to $3,392.90 per ounce, while gold futures in the US edged up 0.2% to $3,399.80. This increase in price mainly came from the US Federal Reserve's warnings about high inflation and the risk of rising unemployment, making many people worry about economic instability. These factors make gold a safer choice for investors around the world.
Another reason for the increase in gold prices today is the tough statements of US President Donald Trump on trade negotiations with China. Mr. Trump said that China initiated the upcoming summit, but he was not willing to reduce import tariffs on Chinese goods to encourage negotiations. These tensions have increased concerns about the possibility of slowing US economic growth and the trend of reducing dependence on the dollar in the world. According to analyst Kyle Rodda from Capital.com, these factors are creating positive sentiment for the gold market, because gold is often considered a safe asset in times of uncertainty.
In addition, the Fed's decision to keep interest rates unchanged also affected gold prices today. Although interest rates remained unchanged, the Fed emphasized that the risk of higher inflation and a worsening labor market is increasingly evident. These are largely due to President Trump's tariff policies, which have put pressure on the global economy. When the economy is unstable, many investors around the world tend to buy gold to protect their assets, helping gold prices maintain a modest increase.
However, investors are still waiting for the results of the US-China trade negotiations taking place this weekend. If the negotiations do not produce positive results, gold prices on the world market today may continue to be supported to increase further. On the contrary, if trade tensions ease, gold prices may be under downward pressure. Therefore, those interested in the gold market should closely monitor global economic and political developments to make appropriate investment decisions.
News, gold price trends today May 8, 2025 domestic and world gold prices
Gold prices today, May 8, 2025, decreased slightly after the increase at the beginning of the week, according to Kitco. Gold prices for June delivery decreased by 28.9 USD to 3,393.9 USD/ounce; silver prices for July delivery decreased by 0.596 USD to 32.785 USD/ounce. The reason is profit-taking activities and improved risk-on sentiment.
The US Federal Reserve (FED) did not change its monetary policy after the FOMC meeting, as expected. The US economy is growing steadily, but inflation and unemployment pose risks. Gold prices did not react strongly to this information. Investors are waiting for the speech of FED Chairman Jerome Powell to predict the next policy, especially on inflation and trade.
US stocks fell, although risk sentiment improved on news that the US and China could hold trade talks in Switzerland. However, expectations for a positive outcome were low, sending stocks lower. The Trump-Xi meeting on May 10-11 will discuss tariff cuts and trade policies.
The People's Bank of China has cut interest rates and injected liquidity, but the move is not strong. India-Pakistan tensions are also being monitored, which could affect gold prices today, May 8, 2025. Technically, gold prices still have a short-term upside advantage. The next target is to surpass $3,509.9/ounce, a historical high. Conversely, if it falls, prices could fall to $3,209.4/ounce. Factors such as geopolitical instability, a weakening US dollar and unexpected policies will support gold prices today, May 8, 2025.
Source: https://baodaknong.vn/gia-vang-hom-nay-8-5-2025-gia-vang-trong-nuoc-co-dot-tang-moi-vang-the-gioi-mat-moc-3400-usd-251857.html
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