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Gold price on May 12, 2025: Domestic and world gold prices fell sharply but it was difficult to buy

Gold price on May 12, 2025: Domestic and world gold prices fell sharply after positive signals from US-China trade negotiations. The decrease in domestic gold prices led to an increase in people's demand for buying gold rings.

Báo Nghệ AnBáo Nghệ An12/05/2025

Domestic gold price today 5/12/2025

At the time of survey at 4:30 p.m. on May 12, 2025, the domestic gold price dropped sharply by 2 million VND. Specifically:

The price of SJC gold bars listed by DOJI Group is at 118-120 million VND/tael (buy - sell), a decrease of 2 million VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 118-120 million VND/tael (buy - sell), the gold price decreased by 2 million VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 118.5-120 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 2 million VND/tael for both buying and selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118-120.5 million VND/tael (buy - sell), the price decreased by 2 million VND/tael in the buying direction - decreased by 1.5 million VND/tael in the selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117-120 million VND/tael (buy - sell), gold price decreased 2 million VND/tael in both buying and selling directions compared to yesterday.

Gold price on May 12: Gold price drops sharply but difficult to buy

As of 4:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 113-115 million VND/tael (buy - sell); the price decreased by 1.5 million VND/tael in the buying direction - decreased by 2 million VND/tael in the selling direction compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115.5-118.5 million VND/tael (buy - sell); down 1.5 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 12, 2025 is as follows:

Gold price today
May 12, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
118 120
-2000 -2000
DOJI Group
118
120
-2000
-2000
Red Eyelashes
118.5 120
-2000 -2000
PNJ
118
120
-2000 -2000
Vietinbank Gold
120

-2000
Bao Tin Minh Chau
118
120.5
-2000 -1500
Phu Quy 117 120
-2000 -2000
1. DOJI - Updated: 12/5/2025 16:30 - Time of the source website - ▼/▲ Compared to yesterday.
Domestic gold price Buy Sell
AVPL/SJC HN 118,000 ▼2000K 120,000 ▼2000K
AVPL/SJC HCM 118,000 ▼2000K 120,000 ▼2000K
AVPL/SJC DN 118,000 ▼2000K 120,000 ▼2000K
Raw material 9999 - HN 110,200 ▼1500K 112,500 ▼2000K
Raw material 999 - HN 110,100 ▼1500K 112,400 ▼2000K
2. PNJ - Updated: May 12, 2025 16:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
SJC 999.9 gold bar 11,800 12,000
PNJ 999.9 Plain Ring 11,250 11,500
Kim Bao Gold 999.9 11,250 11,500
Gold Phuc Loc Tai 999.9 11,250 11,500
999.9 gold jewelry 11,230 11,480
999 gold jewelry 11,219 11,469
9920 jewelry gold 11,148 11,398
99 gold jewelry 11,125 11,375
750 Gold (18K) 7,875 8,625
585 Gold (14K) 5,981 6,731
416 Gold (10K) 4,041 4,791
PNJ Gold - Phoenix 11,250 11,500
916 Gold (22K) 10,276 10,526
610 Gold (14.6K) 6,268 7,018
650 Gold (15.6K) 6,727 7,477
680 Gold (16.3K) 7,071 7,821
375 Gold (9K) 3,570 4,320
333 Gold (8K) 3,053 3,803
3. SJC - Updated: 12/5/2025 16:30 - Time of the source website - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 118,000 ▼2000K 120,000 ▼2000K
SJC gold 5 chi 118,000 ▼2000K 120,020 ▼2000K
SJC gold 0.5 chi, 1 chi, 2 chi 118,000 ▼2000K 120,030 ▼2000K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 112,500 ▼2000K 115,000 ▼2000K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 112,500 ▼2000K 115,100 ▼2000K
Jewelry 99.99% 112,500 ▼2000K 114,400 ▼2000K
Jewelry 99% 108,767 ▼1980K 113,267 ▼1980K
Jewelry 68% 71,449 ▼1360K 77,949 ▼1360K
Jewelry 41.7% 41,359 ▼834K 47,859 ▼834K

World gold price today 5/12/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 2:30 p.m. today, Vietnam time, was 3,233.47 USD/ounce. Today's gold price decreased by 95.47 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,140 VND/USD), the world gold price is about 102.99 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 17.01 million VND/tael higher than the international gold price.

Gold prices fell 3% to their lowest level in more than a week after the US and China announced a deal to reduce tariffs on each other. The move boosted the US dollar, reducing the appeal of gold, which is considered a safe haven asset.

According to market data, spot gold prices fell nearly 3%, down to nearly $3,200/ounce, the lowest level since May 1. Meanwhile, US gold futures prices also fell 3.5%, down to $3,228.1/ounce.

"The easing of trade tensions between the US and China, with a 90-day tariff truce, has reduced demand for safe-haven assets such as gold," said Giovanni Staunovo, an analyst at UBS.

Gold prices may continue to be volatile in the short term. However, previous high tariffs continue to weigh on economic growth, which could force many central banks to cut interest rates this year. In addition, central banks could use the price decline to increase their gold reserves.

In a major move to de-escalate the trade war, the US and China have reached an agreement to reduce tariffs on each other, raising hopes of ending the long-running conflict that has had a negative impact on the global economy. After talks in Geneva, US Treasury Secretary Scott Bessent announced that both sides would suspend new tariffs for 90 days and reduce tariffs on each other’s goods by 115%.

The dollar index (.DXY) rose more than 1% against a basket of currencies, making gold more expensive for foreign investors. "Gold prices may continue to fall due to the strengthening dollar and easing geopolitical risks. In the short term, gold prices may fall to $3,200 an ounce," said Jigar Trivedi, senior commodities analyst at Reliance Securities.

Investors are awaiting US Consumer Price Index (CPI) data on Tuesday for further clues on the Federal Reserve's monetary policy.

Besides gold, other precious metals also fell in price, silver price decreased 2.3% to 31.96 USD/ounce, platinum decreased 1.2% to 983.44 USD, and palladium lost 0.9%, to 967.35 USD.

Source: https://baonghean.vn/gia-vang-ngay-12-5-2025-gia-vang-trong-nuoc-va-the-gioi-giam-manh-nhung-kho-mua-vao-10297108.html


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