On the morning of May 8, going against the world trend, the price of SJC gold bars turned to decrease.

At 9:15 a.m. on May 8, Vietnam time, the world gold price jumped to 3,411 USD/ounce, up about 45 USD/ounce compared to the previous session. The gold price once again surpassed the 3,400 USD/ounce mark amid many fluctuations in the international market.

Investors continue to monitor the US-China trade negotiations; tensions in Ukraine and Russia or the escalating conflict in India and Pakistan... Most recently, the US Federal Reserve (FED) decided to keep the base interest rate unchanged from December 2024 in the context of persistent inflationary pressure and the risk of slowing economic growth. In that context, gold continues to be a safe haven.

In the domestic market, this morning, businesses such as SJC and PNJ listed the buying price of SJC gold bars at 120.2 million VND/tael and the selling price at 122.2 million VND/ tael - down 500,000 VND compared to the end of yesterday.

Gold price today in domestic market goes against world trend

Similarly, the price of 99.99 gold rings and jewelry gold traded by businesses is around 115.5 million VND/tael for buying and 118 million VND/tael for selling, down 500,000 VND/tael.

Domestic gold prices have unexpectedly dropped or fluctuated within a narrow range, despite the sharp increase in world prices. However, the gap between domestic and world gold prices remains very high. Currently, the world gold price converted according to the listed exchange rate is around 107.5 million VND/tael.

Source: https://nld.com.vn/sang-8-5-nguoc-dong-the-gioi-gia-vang-mieng-sjc-quay-dau-giam-196250508094524719.htm