At 10:12 a.m., the price of SJC 9999 gold reversed and increased by 700,000 VND/tael in both buying and selling compared to early this morning, to 118.2-120.2 million VND/tael (buying - selling).

At 10:12 a.m., SJC Company raised the price of 1-5 chi gold rings to 114-116.5 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling compared to early this morning.

Meanwhile, at 10:29 a.m., Doji Gold and Gemstone Group pulled the price of 9999 gold rings to 113.4-116 million VND/tael (buy - sell), down 100,000 VND/tael in the buying direction and unchanged in the selling direction compared to early this morning.

Domestic gold ring prices early this morning were adjusted down by brands following the trend in the world market.

Early this morning, SJC Company listed the price of gold rings of type 1-5 at only 113.5-116 million VND/tael (buy - sell), down 500 thousand VND per tael in both buying and selling compared to yesterday's closing price.

Doji Gold and Gemstone Group listed the price of 9999 gold rings at 113.5-116 million VND/tael (buy - sell) early this morning, down 500 thousand VND per tael in both buying and selling compared to yesterday's closing price.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 114,000,000 0 116,500,000 0
Doji 113,400,000 - 600,000 116,000,000 - 500,000

                                SJC and Doji gold ring price list updated morning of May 9

Opening the trading session on May 9, the price of SJC 9999 gold was adjusted down by 1 million VND/tael in both buying and selling compared to the closing price of yesterday's trading session, to 117.5-119.5 million VND/tael (buying - selling).

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 118,200,000 - 300,000 120,200,000 - 300,000
Doji Hanoi 118,200,000 - 300,000 120,200,000 - 300,000
Doji HCMC 118,200,000 - 300,000 120,200,000 - 300,000

                          SJC and Doji gold bar price list updated on the morning of May 9

The central exchange rate on May 9 announced by the State Bank was 24,951 VND/USD, an increase of 24 VND compared to the previous trading session. The USD price at commercial banks this morning (May 9) was commonly listed at 25,750 VND/USD (buy) and 26,140 VND/USD (sell).

At 8:55 a.m. today (May 9, Vietnam time), the world spot gold price was at 3,289.5 USD/ounce, down 69.5 USD/ounce compared to last night. The gold futures price for June 2025 on the Comex New York floor was at 3,296 USD/ounce.

On the morning of May 9 , the world gold price converted to USD bank price was over 104.7 million VND/tael, including tax and fees, about 14.8 million VND/tael lower than the domestic gold price.

At the end of the session on May 8, the price of gold bars at SJC closed at 118.5-120.5 million VND/tael (buy - sell), down 1.7 million VND/tael compared to the previous trading session.

The price of 1-5 chi SJC gold rings and 9999 gold rings at Doji are listed at 114-116.5 million VND/tael (buy - sell), down 1.5 million VND/tael compared to the previous day's closing price.

Gold price on Kitco floor at 8:00 p.m. (May 8, Vietnam time) was trading at 3,359 USD/ounce, down 0.11% compared to the beginning of the session. Gold futures price for June 2025 delivery on Comex New York floor was trading at 3,367 USD/ounce.

The US Dollar Index (DXY), which measures the greenback's performance against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 99.94 points.

Gold prices held near-term support above $3,350 an ounce after better-than-expected U.S. labor market data. The number of Americans filing for unemployment benefits for the first time fell short of economists' forecasts.

Initial claims for unemployment benefits totaled a seasonally adjusted 228,000 for the week ending May 3, the Labor Department said, slightly below analysts’ median expectation of 230,000. The previous week’s figure was unchanged at 241,000.

Positive labor market data is generally seen as supportive for the dollar and could put pressure on gold, which is priced in greenbacks.

The most important information attracting investors' attention was the result of the US Federal Reserve's monetary policy meeting. Accordingly, the US Central Bank decided to continue to maintain stable interest rates, as many had predicted.

However, in addition to the interest rate decision, the Fed also issued notable warnings about increasing uncertainty in the economic outlook. The agency pointed to potential risks that unemployment could rise further and inflationary pressures would persist.

gold price - buy and sell gold-10.jpg
Domestic gold prices decrease. Photo: Thach Thao

Meanwhile, the Bank of England (BoE) decided to lower its base interest rate but at the same time maintained a cautious stance in its monetary policy statement. As expected, the BoE cut its base interest rate by 25 basis points to 4.25%.

Investors are waiting for more economic data to get a clearer view of the market outlook and the next direction of gold prices.

Nymex crude oil futures are trading around $59 a barrel, while the benchmark 10-year US Treasury yield is at 4.308%.

Gold Price Forecast

Analysts say that as investors become more optimistic about the economic outlook and are willing to accept riskier assets such as stocks, capital flows tend to shift away from safe havens such as gold. This leads to increased selling pressure and puts downward pressure on the precious metal.

Bank of America's precious metals analysis team, led by expert Michael Widmer, made an optimistic forecast, saying that gold prices could reach $4,000/ounce in the second half of this year.

Notably, this forecast came shortly after Bank of America revised its gold price target to $3,500 an ounce by March — a mark that gold quickly reached in less than a month.

Bank of America analysts note that a number of specific conditions are needed for gold prices to reach the target of $4,000/ounce.

Source: https://vietnamnet.vn/gia-vang-hom-nay-9-5-2025-lao-doc-sjc-xuong-moc-120-trieu-dong-2399179.html