Gold price on May 17: SJC gold price falls below 90 million after auction

The world gold price today (May 17) is trading at 2,379.3 USD/ounce. Domestically, the price of SJC gold bars decreased slightly compared to yesterday's session, trading at 89.9 million VND/tael; gold rings at 76.8 million VND/tael.

In the domestic market, yesterday, the gold bar auction was successful. In total, 4 successful auctions brought 27,200 taels of SJC gold bars to the market. The auction results had an impact on the market.

At 10:00 a.m. on May 17, DOJI gold price in Hanoi was listed at VND87.4 million/tael for buying and VND89.5 million/tael for selling, down VND100,000/tael (buying) compared to the previous closing price. The difference between buying and selling was VND2.1 million/tael.

DOJI gold price in Ho Chi Minh City is listed at 87.4 million VND/tael for buying and 89.5 million VND/tael for selling, down 100,000 VND/tael (buying) and 200,000 VND/tael (selling) compared to the previous closing price. The difference between buying and selling is 2.1 million VND/tael.

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 10:00 on May 17.

Price SJC gold The listed buying and selling prices were at 87.4-89.9 million VND/tael, down 100,000 VND/tael in both directions compared to the previous session. The difference between buying and selling was 2.5 million VND/tael.

Price SJC gold ring 9999 increased compared to yesterday's session, buying at 75.2 million VND/tael, selling at 76.8 million VND/tael. The difference between buying and selling is 1.6 million VND/tael.

PNJ Gold bought at 75.1 million VND/tael and sold at 76.9 million VND/tael, down 250,000 VND/tael (buy), up 200,000 VND/tael (sell) compared to the previous session.

As of 10:00 a.m. on May 17 (Vietnam time), the world gold price increased sharply compared to the previous session at 2,388.5 USD/ounce.

World gold price chart on May 17. (Photo: kitco.com)

Gold pulled back due to the usual profit-taking pressure after recent gains, while the recovery in the US Dollar Index also added pressure to gold, according to Kitco Metals senior analyst Jim Wyckoff.

The dollar rose 0.2% after hitting a multi-month low in the previous session despite data showing U.S. consumer prices rose less than expected in April.

New York Fed President John Williams said that positive news about cooling inflation is not enough for the US Central Bank to make a decision to cut interest rates soon.

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