Specifically, SJC, PNJ, DOJI , Bao Tin Manh Hai, and Phu Quy all listed the price of SJC gold bars at 159 - 162 million VND/ounce (buying price - selling price), an increase of 500,000 VND/ounce in both directions compared to yesterday afternoon.

Over the past month (from April 25th to May 25th), the price of domestic gold bars has decreased by 7.3 million VND/ounce for buying and 6.8 million VND/ounce for selling. Specifically, the buying price decreased from 166.3 million VND/ounce to 158 million VND/ounce; the selling price decreased from 168.8 million VND/ounce to 162 million VND/ounce.

Gold prices today (afternoon of May 25): Reversing course, surging upwards. Photo: vneconomy.vn

The price of gold rings also increased this afternoon compared to yesterday.

Accordingly, SJC listed gold rings at 158.5 - 161.5 million VND/ounce (buying price - selling price).

The buying price for 999.9 pure gold rings from Bao Tin Manh Hai brand is listed at 157.5 million VND per tael.

Gold rings from Phu Quy, DOJI, and PNJ brands are trading at 159 - 162 million VND/ounce (buying price - selling price).

The world gold price listed on Kitco is $4,556.9 per ounce. With a slight increase in domestic gold prices and the world gold price listed on Kitco at $4,556.9 per ounce (equivalent to 145 million VND per tael converted at the Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is approximately 17 million VND per tael.

Gold prices rose more than 1% on Monday, supported by a weaker dollar and falling oil prices, as investors weighed the prospects for progress in peace talks between the US and Iran.

"US President Donald Trump has fueled market hopes of a possible deal with Iran, which could lead to the reopening of the Strait of Hormuz. This prospect has put pressure on crude oil prices, thus providing a welcome recovery for gold prices from an inflationary perspective," said Tim Waterer, chief market analyst at KCM Trade.

Earlier, on May 24, President Trump said he had instructed his representatives not to rush into an agreement with Iran, amid his administration's declining expectations of an imminent breakthrough in the three-month-long conflict.

Trump also stated that Washington and Iran had "basically negotiated" a memorandum of understanding on a peace treaty that would allow the reopening of the Strait of Hormuz.

Oil prices hit a two-week low on Monday, boosted by optimism that the U.S. and Iran are moving closer to a peace deal, although the two countries remain at odds over key issues.

Oil prices influence inflation expectations. High crude oil prices can fuel inflation and encourage the maintenance of high interest rates for an extended period. If gold is considered a hedge against inflation, then rising interest rates tend to put pressure on the precious metal.

    Source: https://www.qdnd.vn/kinh-te/tin-tuc/gia-vang-hom-nay-chieu-25-5-dao-chieu-bat-tang-1041154