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Gold price on May 6, 2025: Domestic gold price and world gold price increased sharply due to concerns about new tariffs

Gold price on May 6, 2025: Domestic and world gold prices increased sharply due to concerns about Mr. Trump's new tariffs and waiting for the Fed's policy meeting.

Báo Nghệ AnBáo Nghệ An06/05/2025

Domestic gold price today 5/6/2025

At the time of survey at 4:30 p.m. on May 6, 2025, domestic gold prices increased sharply. Specifically:

DOJI Group listed the price of SJC gold bars at 120.2-122.2 million VND/tael (buy - sell), an increase of 2.4 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 120.8-122.8 million VND/tael (buy - sell), an increase of 3 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 120.5-122 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 2.5 million VND/tael for buying and 2.2 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by the enterprise at 120.2-122.2 million VND/tael (buy - sell), the price increased by 2.4 million VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 119.8-122.8 million VND/tael (buy - sell), gold price increased by 3 million VND/tael in both buying and selling directions compared to yesterday.

Gold price on May 6: Gold price increased sharply due to new tariffs

As of 4:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 115.5-118 million VND/tael (buy - sell); an increase of 3 million VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 117.5-120.5 million VND/tael (buy - sell); an increase of 2 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 6, 2025 is as follows:

Gold price today
May 6, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
120.2 122.2
+2400 +2400
DOJI Group
120.8
122.8
+3000
+3000
Red Eyelashes
120.5 122
+2500 +2200
PNJ
120.2
122.2
+2400 +2400
Vietinbank Gold
122.2

+2400
Bao Tin Minh Chau
120.2
122.2
+2400 +2400
Phu Quy 119.8 122.8
+3000 +3000
1. DOJI - Updated: 5/6/2025 4:30 PM - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price Buy Sell
AVPL/SJC HN 120,800 ▲3000K 122,800 ▲3000K
AVPL/SJC HCM 120,800 ▲3000K 122,800 ▲3000K
AVPL/SJC DN 120,800 ▲3000K 122,800 ▲3000K
Raw material 9999 - HN 115,300 ▲3000K 117,100 ▲3000K
Raw material 999 - HN 115,200 ▲3000K 117,000 ▲3000K
2. PNJ - Updated: May 6, 2025 16:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
SJC 999.9 gold bar 12,020 12,220
PNJ 999.9 Plain Ring 11,500 11,800
Kim Bao Gold 999.9 11,500 11,800
Gold Phuc Loc Tai 999.9 11,500 11,800
999.9 gold jewelry 11,500 11,750
999 gold jewelry 11,488 11,738
9920 jewelry gold 11,416 11,666
99 gold jewelry 11,393 11,643
750 Gold (18K) 8,078 8,828
585 Gold (14K) 6,139 6,889
416 Gold (10K) 4,153 4,903
PNJ Gold - Phoenix 11,500 11,800
916 Gold (22K) 10,523 10,773
610 Gold (14.6K) 6,433 7,183
650 Gold (15.6K) 6,903 7,653
680 Gold (16.3K) 7,255 8,005
375 Gold (9K) 3,671 4,421
333 Gold (8K) 3,143 3,893
3. SJC - Updated: 5/6/2025 16:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 120,200 ▲2400K 122,200 ▲2400K
SJC gold 5 chi 120,200 ▲2400K 122,220 ▲2400K
SJC gold 0.5 chi, 1 chi, 2 chi 120,200 ▲2400K 122,230 ▲2400K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 115,500 ▲3000K 118,000 ▲3000K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 115,500 ▲3000K 118,100 ▲3000K
Jewelry 99.99% 115,500 ▲3000K 117,400 ▲3000K
Jewelry 99% 111,738 ▲2471K 116,238 ▲2971K
Jewelry 68% 73,990 ▲2041K 79,990 ▲2041K
Jewelry 41.7% 43,111 ▲1252K 49,111 ▲1252K

World gold price today 5/6/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 p.m. today, Vietnam time, was 3,270.58 USD/ounce. Today's gold price increased by 105.65 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,140 VND/USD), the world gold price is about 107.37 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 15.32 million VND/tael higher than the international gold price.

Gold prices rose to a two-week high on Thursday as concerns about US President Donald Trump's plans to impose tariffs boosted demand for the safe-haven metal, while investors awaited the Federal Reserve's policy meeting on Wednesday.

Spot gold prices rose sharply by more than $100 an ounce. US gold futures also rose 1.5% to $3,370.4.

Gold prices surged earlier this week as investors turned to safe-haven assets to hedge against portfolio volatility, driven largely by renewed concerns over tariffs from President Donald Trump, according to IG market strategist Yeap Jun Rong.

President Donald Trump announced a 100% tariff on foreign-made films on Sunday, but did not provide details on how it would be implemented. On Monday, he said he would announce tariffs on pharmaceuticals within two weeks.

The Fed's interest rate decision and remarks from Chairman Jerome Powell on Wednesday are being closely watched for clues about the future direction of interest rates. Since December, the Fed has kept rates in a range of 4.25% to 4.50%.

According to Yeap Jun Rong, if the Fed signals a rate cut, this could further support gold prices, strengthening the long-term bullish momentum. A Reuters report said that while the Fed is certain to keep rates unchanged on Wednesday, this could be the last time the outcome is so clear, as Trump's tariffs are creating more uncertainty about the economic outlook.

Goldman Sachs predicts the Fed will cut interest rates three times, by 0.25 percentage points each in July, September and October, after more data on the labor market and other economic indicators.

Gold, which does not yield interest but is a hedge against political and financial crises, tends to benefit in a low-interest-rate environment. Silver rose 1.5% to $32.98 an ounce, platinum rose 1.4% to $972.25, and palladium edged up 0.5% to $945.25.

Source: https://baonghean.vn/gia-vang-ngay-6-5-2025-gia-vang-trong-nuoc-va-gia-vang-the-gioi-tang-manh-vi-lo-ngai-thue-quan-moi-10296662.html


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