Gold price on May 1, 2025: Domestic and world gold prices fell to the lowest level in the past 2 weeks

Gold price on May 1, 2025: Domestic and world gold prices fell sharply to nearly 3,200 USD/Ounce, the lowest in the past 2 weeks. Investors took profits strongly, despite growing concerns about recession.

Domestic gold price today 5/1/2025

At the time of survey at 13:30 on May 1, 2025, the domestic gold price was anchored at a high level of over 121 million VND. However, at Bao Tin Minh Chau, it decreased sharply. Specifically:

DOJI Group listed the price of SJC gold bars at 119.3-121.3 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday. Compared to the end of last week on April 26, the gold price increased by 300 thousand VND/tael in both buying and selling directions.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 119.3-121.3 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday, but increased by 300 thousand VND/tael in both buying and selling directions compared to the closing price of last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 116.5-119 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 1.5 million VND/tael for buying and 1 million VND/tael for selling. Compared to last week, the gold price decreased by 2.5 million VND/tael for buying and 2 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118-121 million VND/tael (buying - selling, down 1.3 million VND/tael in buying - down 300 thousand VND/tael in selling compared to yesterday.

SJC gold price in Phu Quy is traded by businesses at 118.3-121.3 million VND/tael (buy - sell), gold price is unchanged in both buying and selling directions compared to yesterday. Gold price decreased 200 thousand VND/tael in buying direction - increased 300 thousand VND/tael in selling direction compared to the end of last week.

As of 1:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 114-116.5 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday; also unchanged in both buying and selling directions compared to the end of last week.

Bao Tin Minh Chau listed the price of gold rings at 116.5-119.6 million VND/tael (buy - sell); down 400 thousand VND/tael for buying - down 300 thousand VND/tael for selling compared to yesterday; down 300 thousand VND/tael for buying - down 200 thousand VND/tael for selling compared to the end of last week.

The latest gold price list today, May 1, 2025 is as follows:

Gold price today	May 1, 2025 (million dong)		Difference (thousand dong/tael)
	Buy	Sell	Buy	Sell
SJC in Hanoi	119.3	121.3	-	-
DOJI Group	119.3	121.3	-	-
Red Eyelashes	116.5	119	-1500	-1000
PNJ	119.3	121.3	-	-
Vietinbank Gold		121.3		-
Bao Tin Minh Chau	119.3	121.3	-	-
Phu Quy	118.3	121.3	-	-

1. DOJI - Updated: 1/5/2025 13:30 - Time of the source website - ▼/▲ Compared to yesterday.
Domestic gold price	Buy	Sell
AVPL/SJC HN	119,300	121,300
AVPL/SJC HCM	119,300	121,300
AVPL/SJC DN	119,300	121,300
Raw material 9999 - HN	113,800	115,600
Raw material 999 - HN	113,700	115,500

2. PNJ - Updated: 1/5/2025 13:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type	Buy	Sell
SJC 999.9 gold bar	11,930	12,130
PNJ 999.9 Plain Ring	11,400	11,700
Kim Bao Gold 999.9	11,400	11,700
Gold Phuc Loc Tai 999.9	11,400	11,700
999.9 gold jewelry	11,400	11,650
999 gold jewelry	11,388	11,638
9920 jewelry gold	11,317	11,567
99 gold jewelry	11,294	11,544
750 Gold (18K)	8.003	8,753
585 Gold (14K)	6,080	6,830
416 Gold (10K)	4.111	4,861
PNJ Gold - Phoenix	11,400	11,700
916 Gold (22K)	10,431	10,681
610 Gold (14.6K)	6,372	7.122
650 Gold (15.6K)	6,838	7,588
680 Gold (16.3K)	7,187	7,937
375 Gold (9K)	3,634	4,384
333 Gold (8K)	3.110	3,860

3. SJC - Updated: 1/5/2025 13:30 - Time of the source website - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG	119,300	121,300
SJC gold 5 chi	119,300	121,300
SJC gold 0.5 chi, 1 chi, 2 chi	119,300	121,300
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi	114,000	116,500
SJC 99.99% gold ring 0.5 chi, 0.3 chi	114,000	116,600
Jewelry 99.99%	114,000	115,900
Jewelry 99%	110,752	114,752
Jewelry 68%	72,969	78,969
Jewelry 41.7%	42,485	48,485

World gold price today 5/1/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 1:30 p.m. today, Vietnam time, was 3,233.4 USD/ounce. Today's gold price decreased by 75.39 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,180 VND/USD), the world gold price is about 103.1 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 18.2 million VND/tael higher than the international gold price.

Gold prices fell to a two-week low on Thursday as the dollar strengthened and trade tensions eased, denting the metal’s appeal as a safe haven. Investors are also awaiting the US non-farm payrolls report due later this week.

Spot gold fell 1.8% to its lowest since mid-April. The dollar index (.DXY) rose 0.4% against a basket of currencies, making gold more expensive for buyers using other currencies.

"Gold prices fell as trade war concerns eased, but market sentiment remained volatile as investors reacted to daily news. The Federal Reserve's loose monetary policy may support gold prices, but the market may need to adjust after the April fever," said Ilya Spivak, an analyst at Tastylive.

According to Kitco, although the US economy unexpectedly grew negatively in the first quarter of 2025, gold prices fell due to strong profit-taking pressure from investors. This happened in the context of increasing concerns about an economic recession globally.

The US economy contracted for the first time in three years in the first quarter of 2025 as businesses ramped up imports to offset the tariffs Trump is expected to impose. Investors predict that if the US economy weakens further by June, the Fed will be forced to cut interest rates, possibly by a total of 1% by the end of 2025.

There are some early signs that investment demand for gold may be hitting a plateau. Holdings of the world’s largest gold-backed exchange-traded fund, SPDR Trust, fell slightly after hitting a 31-month high in April. As of Wednesday, holdings were down to 30.36 million ounces, down from a peak of 30.84 million ounces on April 17.

As Mr Trump disrupts the global trading system, it will not only hurt the US economy but also many other countries. For gold to continue to rise, the market will need to receive a steady stream of bad news. Conversely, any sign that US policy is returning to normal could send gold prices back down.

Other precious metals also fell in price, with silver down 1.6% to $32.09 an ounce, platinum down 0.8% to $958.86 and palladium down 0.2% to $935.88.

Gold Price Forecast

Looking back at the past 20 years, gold has tended to increase sharply in a short period of time and then enter a period of adjustment that lasts for many years. The sharp increase in gold prices in early April was unusually fast and strong, raising concerns about the possibility of a deep adjustment before entering a period of stability.

In recent sessions, the world gold price has been fluctuating continuously. Profit-taking pressure has made it difficult for the price to rebound strongly, but at the same time, it has not decreased deeply. According to SP Angel, when the stock market shows signs of stability and the volatility index (VIX) decreases, the selling pressure in the gold market increases. However, the situation is still very dependent on the next developments in global trade and market psychology.

Technically, gold has slipped below the uptrend line, losing technical support around $3,351/ounce. This opens up the possibility of further declines in the short term. However, the 14-day RSI (trend strength index) is still holding above 50, suggesting that there is still hope for buying power to return to the market.

Currently, the $3,230/ounce level corresponding to the 21-day moving average (SMA 21) is a very important technical level. If the gold price holds above this level at the end of the trading session, the chance of recovery is still there.

Gold prices could revisit the resistance level around $3,383/ounce, which is the old support line in the previous uptrend channel. However, to confirm the recovery, gold needs to surpass the recent peak of $3,328. Failure to do so would increase the risk of further declines.

On the other hand, if gold price breaks the support level of $3,230/ounce, the market could see a deeper decline. The next target for sellers could be the psychological level of $3,150/ounce, or even further, the strong support zone at the 50-day moving average (SMA 50), around $3,081/ounce.

The current gold price movement is largely dependent on market sentiment surrounding international trade issues, especially the US-China relationship. Gold price reactions to US economic data are usually short-term.

Investors will be closely watching the ISM manufacturing PMI and US jobless claims this week for clearer signals ahead of Friday's non-farm payrolls (NFP) report.

AD Advertising

Source: https://baonghean.vn/gia-vang-ngay-1-5-2025-gia-vang-trong-nuoc-va-the-gioi-giam-xuong-muc-thap-nhat-2-tuan-qua-10296345.html