Gold prices today (May 8): Continuing their strong upward trend.

Gold prices today (May 8th) rose sharply in both domestic and international markets, pushing the price of gold bars to nearly 168 million VND per tael.

Today's gold price on the world market

According to Kitco, the spot price of gold in the world market at 4:30 AM Vietnam time today was $4,763 USD/ounce. Today's gold price increased by 1.67% compared to yesterday. Converted using the USD exchange rate on the free market (26,437 VND/USD), the world gold price is approximately 151.8 million VND/ounce (excluding taxes and fees). Thus, the price of SJC gold bars is currently about 15.7 million VND/ounce higher than the international gold price.

World gold price movements over the past 24 hours.

According to Reuters, global gold prices rose for the third consecutive session, supported by growing optimism about reaching a peace agreement between the US and Iran, which helped ease concerns about inflation and the possibility of prolonged high interest rates.

US gold futures rose 1.2% to $4,749.20.

"If the ceasefire holds, we can put this conflict aside and return to normal business once the strait is open. I could see gold prices rise to $5,000 an ounce. The market is currently closely watching the situation in the Middle East, as well as the direction the Federal Reserve is heading," said Bob Haberkorn, senior market strategist at RJO Futures.

US President Donald Trump predicted the conflict with Iran would soon end as Tehran considered a US peace proposal. Sources said the proposal would formally end the conflict but would not address US demands for Iran to suspend its nuclear program and reopen the Strait of Hormuz.

Oil prices continue to fall, with Brent crude trading below $100 a barrel. Rising energy costs typically push inflation higher. In this context, policymakers may be less inclined to cut interest rates to curb price pressures. While serving as an inflation hedge, gold becomes less attractive in a high-interest-rate environment because it does not yield returns.

According to TD Securities, the price of gold is likely to rise above $5,200 per ounce once conflicts and inflationary pressures caused by falling oil prices ease.

"A later shift toward the Fed's employment-maximizing goal, lower yields and a weaker US dollar, along with renewed demand from investors and central banks, could reignite the bullish trend," the report added.

The market is awaiting the monthly US jobs report on Friday to assess how the Federal Reserve (Fed) will continue its monetary policy this year.

Meanwhile, data shows that China's central bank stockpiled gold for the 18th consecutive month in April.

Among other metals, spot silver prices rose 5% to $81.19, their highest level since April 17. Platinum prices increased 1.2% to $2,085.75 and palladium prices rose 0.1% to $1,539.01.

Domestic gold prices today

The price of SJC gold bars at Saigon Jewelry Company (SJC), DOJI Group, PNJ, Phu Quy, Bao Tin Minh Chau, and Bao Tin Manh Hai is listed at 164.5 million VND/ounce for buying and 167.5 million VND/ounce for selling, an increase of 1.5 million VND/ounce in both buying and selling prices compared to yesterday. The buy-sell spread remains at 3 million VND/ounce.

Meanwhile, Mi Hong raised the price of SJC gold bars to 165 - 166.5 million VND/ounce (buying price - selling price), an increase of 1.5 million VND/ounce in both directions. The buying-selling spread here remained at 1.5 million VND/ounce.

Gold bars	Morning of May 7th		Morning of May 8th		Difference
	Buy	Sell	Buy	Sell	Buy	Sell
	million VND/ounce		million VND/ounce		Thousand dong/ounce
SJC	163	166	164.5	167.5	+1500	+1500
DOJI	163	166	164.5	167.5	+1500	+1500
PNJ	163	166	164.5	167.5	+1500	+1500
Phu Quy	163	166	164.5	167.5	+1500	+1500
Bao Tin Minh Chau	163	166	164.5	167.5	+1500	+1500
Bao Tin Manh Hai	163	166	164.5	167.5	+1500	+1500
Mi Hong	163.5	165	165	166.5	+1500	+1500

Domestic gold bar price list updated on the morning of May 8th.

Gold prices today, May 8, 2026. Photo: PC

Regarding the price of gold rings, the price of 9999 Hung Thinh Vuong round gold rings at Doji is listed at 164.5 - 167.5 million VND/ounce (buying price - selling price), an increase of 1.5 million VND/ounce in both buying and selling prices compared to the closing price of the previous trading session.

Saigon Jewelry Company (SJC) listed the price of SJC gold rings (1-5 tael) at 164 - 167 million VND/tael (buying price - selling price), an increase of 1.5 million VND/tael in both buying and selling prices compared to the closing price of the previous trading session.

Bao Tin Minh Chau listed the price of plain gold rings at 164.5 - 167.5 million VND/ounce (buying price - selling price), an increase of 1.5 million VND/ounce in both buying and selling prices compared to the closing price of the previous trading session.

Bao Tin Manh Hai listed the price of Kim Gia Bao gold rings at 164.5 - 167.4 million VND/ounce (buying price - selling price), an increase of 1.5 million VND/ounce in both buying and selling prices compared to the closing price of the previous trading session.

Gold rings	Morning of May 7th		Morning of May 8th		Difference
	Buy	Sell	Buy	Sell	Buy	Sell
	million VND/ounce		million VND/ounce		Thousand dong/ounce
DOJI	163	166	164.5	167.5	+1500	+1500
SJC	162.5	165.5	164	167	+1500	+1500
Bao Tin Minh Chau	163	166	164.5	167.5	+1500	+1500
Bao Tin Manh Hai	163	165.9	164.5	167.4	+1500	+1500

Domestic gold ring price list updated on the morning of May 8th.

The price of gold under the Bao Tin Manh Hai brand was listed early this morning, May 8th.

Source: https://congthuong.vn/gia-vang-hom-nay-8-5-tiep-da-tang-manh-454974.html