Domestic gold price today
Opening the market on May 19 , the price of SJC 9999 gold today decreased by 50 thousand VND/tael in both buying and selling compared to the end of yesterday's trading session.
The price of 9999 gold is updated by Saigon Jewelry Company Limited (SJC) at 8:30 a.m. and the price of 9999 gold is listed by Doji Jewelry Group at 9:45 a.m. as follows:
| Buy | Sell | |
| SJC Hanoi | 66,500,000 VND/tael | 67,120,000 VND/tael |
| SJC HCMC | 66,500,000 VND/tael | 67,100,000 VND/tael |
| SJC Danang | 66,500,000 VND/tael | 67,120,000 VND/tael |
| Doji Hanoi | 66,450,000 VND/tael | 67,050,000 VND/tael |
| Doji HCMC | 66,550,000 VND/tael | 67,050,000 VND/tael |
SJC and DOJI gold price list updated early morning May 19
At the end of the trading session on May 18, the price of 9999 gold bars at SJC Ho Chi Minh City was 66.55 million VND/tael (buy) and 67.15 million VND/tael (sell). SJC Hanoi listed at 66.55 million VND/tael (buy) and 67.17 million VND/tael (sell).
Doji Hanoi listed at 66.5 million VND/tael (buy) and 67.15 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 66.6 million VND/tael and sold at 67.1 million VND/tael.
The central exchange rate on May 19 announced by the State Bank is 23,680 VND/USD, an increase of 8 VND compared to yesterday. The USD price at commercial banks this morning (May 19) was traded around 23,280 VND/USD (buy) and 23,650 VND/USD (sell).
International gold price today
At 9:59 a.m. today (May 19, Vietnam time), the world spot gold price stood at around 1,961.2 USD/ounce, up 0.2 USD/ounce compared to last night. The price of gold futures for June delivery on the Comex New York floor was at 1,980.9 USD/ounce, up 18.9 USD/ounce compared to last night.
On the morning of May 19 , world gold converted to USD bank price was 55.9 million VND/tael (excluding tax and fees), about 11.22 million VND/tael lower than domestic gold price.
On the world market, the spot gold price on May 18 (Vietnam time) was trading at 1,961 USD/ounce. The futures gold price was trading at 1,962 USD/ounce.
Gold prices fell to a low after the Philadelphia Federal Reserve said its manufacturing outlook survey fell for a ninth straight month. Manufacturing activity fell with negative readings.
“Indices of business activity, new orders and shipments rose from the previous month but remained negative. Firms also reported a decline in employment. The price index remained below its long-term average,” the Philadelphia Federal Reserve said.
According to the CME FedWatch tool, markets estimate a 69.3% chance that the Fed will keep rates at current levels in June. Traders have reduced expectations for a rate cut this year.
Gold Price Forecast
The dollar index traded near a seven-week high hit in the previous session, making gold more expensive for foreign investors.
Investors are awaiting the minutes of the Fed's May meeting, which will report data on US GDP and inflation.
Edward Meir, metals analyst at Marex, said gold prices could remain in a range of $1,965-2,020 an ounce over the next two weeks. The overall trend remains quite weak.
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