Gold price on May 18, 2025: Domestic and world gold prices had a sharp decline this week, buyers suffered heavy losses of up to 6.5 million

Domestic gold price today 5/18/2025

At the time of survey at 2:30 p.m. on May 18, 2025, domestic gold prices remained unchanged compared to yesterday, but decreased sharply compared to last week. Specifically:

The price of SJC gold bars was listed by DOJI Group at 115.5-118.5 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday but decreased sharply by 4.5 million VND/tael for buying - decreased by 3.5 million VND/tael for selling compared to the closing price of the previous trading session.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 115.5-118.5 million VND/tael (buy - sell), the gold price remained unchanged in both buying and selling directions compared to yesterday. The gold price decreased by 4.5 million VND/tael in buying direction - decreased by 3.5 million VND/tael in selling direction compared to the end of last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 116.7-118.2 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions. Compared to the end of last week, the gold price decreased by 3.8 million VND/tael for both buying and selling directions.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 115.5-118.5 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday. Gold price decreased by 4.5 million VND/tael for buying - decreased by 3.5 million VND/tael for selling compared to last week.

SJC gold price in Phu Quy is traded by businesses at 115-118.5 million VND/tael (buy - sell), gold price is unchanged in both buying and selling directions compared to yesterday. Gold price decreased by 4 million VND/tael in buying direction - decreased by 3.5 million VND/tael in selling direction compared to last week.

Gold price on May 18: Gold price forecast to continue to decrease next week

As of 2:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 111-114 million VND/tael (buy - sell); the price remains unchanged in both buying and selling directions compared to yesterday; the price decreased by 3.5 million VND/tael for buying - decreased by 3 million VND/tael for selling compared to the end of last week.

Bao Tin Minh Chau listed the price of gold rings at 114-117 million VND/tael (buy - sell); unchanged in both buying and selling compared to yesterday; down 3 million VND/tael in both buying and selling compared to last week.

The latest gold price list today, May 18, 2025 is as follows:

Gold price today	May 18, 2025 (million dong)		Difference (thousand dong/tael)
Gold price today	Buy	Sell	Buy	Sell
SJC in Hanoi	115.5	118.5	-	-
DOJI Group	115.5	118.5	-	-
Red Eyelashes	116.7	118.2	-	-
PNJ	115.5	118.5	-	-
Vietinbank Gold		118.5		-
Bao Tin Minh Chau	115.5	118.5	-	-
Phu Quy	115	118.5	-	-

1. DOJI - Updated: May 18, 2025 14:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price	Buy	Sell
AVPL/SJC HN	115,500	118,500
AVPL/SJC HCM	115,500	118,500
AVPL/SJC DN	115,500	118,500
Raw material 9999 - HN	108,200	111,500
Raw material 999 - HN	108,100	111,400

2. PNJ - Updated: May 18, 2025 14:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type	Buy	Sell
SJC 999.9 gold bar	11,550	11,850
PNJ 999.9 Plain Ring	11,100	11,400
Kim Bao Gold 999.9	11,100	11,400
Gold Phuc Loc Tai 999.9	11,100	11,400
999.9 gold jewelry	11,100	11,350
999 gold jewelry	11,089	11,339
9920 jewelry gold	11,019	11,269
99 gold jewelry	10,997	11,247
750 Gold (18K)	7,778	8,528
585 Gold (14K)	5.905	6.655
416 Gold (10K)	3,987	4,737
PNJ Gold - Phoenix	11,100	11,400
916 Gold (22K)	10,157	10,407
610 Gold (14.6K)	6.189	6,939
650 Gold (15.6K)	6.643	7,393
680 Gold (16.3K)	6,983	7,733
375 Gold (9K)	3,521	4,271
333 Gold (8K)	3.011	3,761

3. SJC - Updated: May 18, 2025 14:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG	115,500	118,200
SJC gold 5 chi	115,500	118,220
SJC gold 0.5 chi, 1 chi, 2 chi	115,500	118,230
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi	111,000	114,000
SJC 99.99% gold ring 0.5 chi, 0.3 chi	111,000	114,100
Jewelry 99.99%	111,000	113,400
Jewelry 99%	107,777	112,277
Jewelry 68%	70,769	77,269
Jewelry 41.7%	40,942	47,442

World gold price today May 18, 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 3,202.77 USD/ounce. Today's gold price decreased by 38.1 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,110 VND/USD), the world gold price is about 101.88 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 16.32 million VND/tael higher than the international gold price.

This week, the world gold price has sharply decreased. The spot gold price on the Kitco floor in New York closed the week at 3,202.77 USD/ounce, down 1.18% compared to the beginning of the week. Notably, on May 15, the price fell to the lowest level of 3,127 USD/ounce, showing great selling pressure.

Compared to the record peak of 3,500 USD/ounce set on April 22, the world gold price has decreased by nearly 9.4%, equivalent to about 300 USD/ounce. However, since the beginning of 2025, gold has still increased by more than 22.9% compared to the level of 2,625 USD/ounce at the beginning of the year.

In Vietnam, domestic gold prices have also decreased following the international trend. However, the domestic price of SJC gold bars is still about 16 million VND/tael higher than the converted world gold price. This large difference continues to exist in the domestic market.

This recent price decline is mainly due to many factors. The agreement between the US and China to temporarily reduce tariffs has cooled down the anxiety, thereby reducing the demand for gold as a hedge against risks. Investors are still cautious because they are concerned that this is only a short-term tactic. If the 90-day negotiations do not yield results, the risk of a resurgence of trade conflicts remains.

In addition, the buoyant global stock market has also attracted money away from gold. Money in the market is clearly shifting to risky assets such as stocks and cryptocurrencies. Bitcoin has surpassed the $103,000 mark, while US and European stocks have both increased sharply due to optimistic sentiment, making gold less attractive.

At the same time, the rising US dollar also put pressure on gold. The greenback's DXY index rose from 99 to 101 points, reflecting the currency's recovery.

In addition, positive economic data from the US such as cooling inflation and a stable economy have reduced expectations that the Fed will soon cut interest rates. This has further reduced investors' interest in gold.

Finally, after the sharp increase in gold prices last month, profit-taking by investors was also one of the main reasons for this correction wave.

Gold price forecast for next week, the world gold price may continue to be under downward pressure due to investors taking profits and increasing risk appetite. The important support level of gold is currently in the range of 3,100 - 3,200 USD/ounce. However, factors such as geopolitical instability, demand for gold from central banks and the risk of inflation due to the policies of the Donald Trump administration may help gold prices recover in the medium and long term.

In Vietnam, domestic gold prices are forecast to continue to be affected by the international market next week. However, the large gap between domestic and world gold prices could be narrowed if the State Bank tightens management of the gold market.

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