- Update the latest gold price details today, May 16, 2025 in the domestic market
- Update gold price today May 15, 2025 latest on the world market
- Gold price forecast today 5/16/2025
Update the latest gold price details today, May 16, 2025 in the domestic market
At the time of survey at 6:00 a.m. on May 16, 2025, the price of SJC gold bars was listed by DOJI Group at 115.5-118.2 million VND/tael (buy - sell).
At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 115.5-118.2 million VND/tael (buy - sell).
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 115.5-117.5 million VND/tael for buying and selling.
SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 115.5-118.2 million VND/tael (buy - sell).
SJC gold price in Phu Quy is traded by businesses at 114.5-118.2 million VND/tael (buy - sell).
As of 6:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 110.5-113.5 million VND/tael (buy - sell).
Bao Tin Minh Chau listed the price of gold rings at 113.0-116.0 million VND/tael (buy - sell).
The latest gold price update table today, May 15, 2025 is as follows:
| Gold price today | ||||
|---|---|---|---|---|
| Buy | Sell | |||
| SJC in Hanoi | 115.5 | - | 118.2 | - |
| DOJI Group | 115.5 | - | 118.2 | - |
| Red Eyelashes | 115.5 | - | 117.5 | - |
| PNJ | 110.5 | - | 113.5 | - |
| Vietinbank Gold | 118.2 | - | ||
| Bao Tin Minh Chau | 115.5 | - | 118.2 | - |
| Phu Quy | 114.5 | - | 118.2 | - |
| 1. DOJI - Updated: May 16, 2025 6:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 115,500 | 118,200 |
| AVPL/SJC HCM | 115,500 | 118,200 |
| AVPL/SJC DN | 115,500 | 118,200 |
| Raw material 9999 - HN | 107,700 | 111,000 |
| Raw material 999 - HN | 107,600 | 110,900 |
| 2. PNJ - Updated: May 16, 2025 6:00 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 110,500 | 113,500 |
| HCMC - SJC | 115,500 | 118,200 |
| Hanoi - PNJ | 110,500 | 113,500 |
| Hanoi - SJC | 115,500 | 118,200 |
| Da Nang - PNJ | 110,500 | 113,500 |
| Da Nang - SJC | 115,500 | 118,200 |
| Western Region - PNJ | 110,500 | 113,500 |
| Western Region - SJC | 115,500 | 118,200 |
| Jewelry gold price - PNJ | 110,500 | 113,500 |
| Jewelry gold price - SJC | 115,500 | 118,200 |
| Jewelry gold price - Southeast | PNJ | 110,500 |
| Jewelry gold price - SJC | 115,500 | |
| Jewelry gold price - PNJ 999.9 Plain Ring | 110,500 | |
| Jewelry gold price - Kim Bao Gold 999.9 | 110,500 | 113,500 |
| Jewelry gold price - Phuc Loc Tai Gold 999.9 | 110,500 | 113,500 |
| Jewelry gold price - Jewelry gold 999.9 | 110,500 | 113,000 |
| Jewelry gold price - Jewelry gold 999 | 110,390 | 112,890 |
| Jewelry gold price - Jewelry gold 9920 | 109,700 | 112,200 |
| Jewelry gold price - Jewelry gold 99 | 109,470 | 111,970 |
| Jewelry gold price - 750 gold (18K) | 77,400 | 84,900 |
| Jewelry gold price - 585 gold (14K) | 58,760 | 66,260 |
| Jewelry gold price - 416 gold (10K) | 39,660 | 47,160 |
| Jewelry gold price - 916 gold (22K) | 101.110 | 103,610 |
| Jewelry gold price - 610 gold (14.6K) | 61,580 | 69,080 |
| Jewelry gold price - 650 gold (15.6K) | 66,100 | 73,600 |
| Jewelry gold price - 680 gold (16.3K) | 69,490 | 76,990 |
| Jewelry gold price - 375 gold (9K) | 35,030 | 42,530 |
| Jewelry gold price - 333 gold (8K) | 29,940 | 37,440 |
| 3. SJC - Updated: 5/16/2025 6:00 - Time of the source website - ▼/▲ 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 | 110,500 | 113,500 |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 110,500 | 113,600 |
| Jewelry 99.99% | 110,500 | 112,900 |
| Jewelry 99% | 107,282 | 111,782 |
| Jewelry 68% | 70,429 | 76,929 |
| Jewelry 41.7% | 40,734 | 47,234 |
Update gold price today May 15, 2025 latest on the world market
At the time of trading at 6:00 a.m. on May 16, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,249.63 USD/ounce. Converted according to the USD exchange rate on the free market (26,110 VND/USD), the world gold price is equivalent to about 102.81 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (115.5-118.2 million VND/tael), the SJC gold price is currently about 15.38 million higher than the international gold price.
Gold prices yesterday, May 15, 2025, on the world market fell to their lowest level in more than a month, specifically down 0.8% to $3,154.16/ounce. The main reason was that trade tensions between the world's two largest economies, the US and China, had eased. As tensions eased, demand for gold as a safe haven also decreased, putting downward pressure on gold prices. Previously, gold prices had reached an all-time high of $3,500.05/ounce last month, thanks to strong buying from central banks, concerns about a global trade war and high investment demand.
Investors are looking ahead to economic data from the US, specifically the producer price index, for more clarity on the future direction of interest rates. Interest rates are an important factor influencing gold prices. When interest rates are low, gold, which does not yield like other assets, tends to become more attractive because the opportunity cost of owning it decreases. Currently, the market is expecting the US to cut interest rates by about 0.5% this year, starting in October. This could support gold prices in the long term, but for now, market sentiment remains cautious.
Also in focus is a speech by Federal Reserve Chairman Jerome Powell later in the day, which could shed more light on interest rate plans and thus influence gold prices. As investors focus on these news, gold prices are under pressure in the short term, but the long-term outlook remains positive if interest rates do indeed fall.
Other precious metals such as silver and palladium also fell. Silver fell 1% to $31.89 an ounce, while palladium fell 0.2% to $949.07. Platinum remained steady at $976. The palladium market has been in balance this year, as demand has fallen as gasoline vehicle production, a major consumer of palladium, slows, and recycling of the metal in China increases.
In summary, gold prices today, May 15, 2025, decreased due to easing trade tensions and the psychology of waiting for economic information from the US. However, gold still has the potential to increase in price in the future if interest rates decrease, because low interest rate environments are usually beneficial for this precious metal.
Gold price forecast today 5/16/2025
The gold price today, May 16, 2025, is forecast to recover to 120 million VND/tael, mainly due to new developments in the international market. Yesterday, May 15, 2025, the world gold price was recorded at 3,177.92 USD/ounce, equivalent to about 100.55 million VND per tael when converted to Vietnamese currency. Compared to the domestic SJC gold bar price, which is fluctuating around 115.5 to 118.2 million VND per tael, the world gold price is much lower, about 17.65 million VND. This shows that the domestic gold price is much higher than the international price, but the downward trend of the world market may pull the domestic gold price down tomorrow.
The main reason why gold prices today, May 16, 2025, may recover is because trade tensions between the US and China are easing. The two countries have just agreed to suspend new tariffs for 90 days, reducing the risk of a trade war. As tensions ease, many people no longer feel the need to buy gold to protect their assets, causing demand for gold to decrease. In addition, the US dollar is strengthening, which usually weakens gold prices because gold is priced in dollars. If the dollar continues to rise, gold prices on May 16, 2025 will recover.
Another important factor is economic data from the US. Today, the market is waiting for the producer price index (PPI), a figure that shows how goods prices are changing. If this figure shows that the US economy is doing well, gold prices today, May 16, 2025, could rise further as investors will be less worried about the economic situation. Last week, US inflation (CPI) data was lower than expected, leading many to believe that the Federal Reserve (Fed) could cut interest rates this year, perhaps by 0.5%. Low interest rates are usually good for gold because they make it a more attractive option compared to other assets such as bonds. However, in the short term, the wait-and-see mentality makes it difficult for gold prices to rise immediately.
The upcoming speech of Fed Chairman Jerome Powell is also very important. If he reveals that interest rates will be cut soon, gold prices on May 16, 2025 may be supported and less likely to fall. On the contrary, if he shows that the Fed is not in a hurry to cut interest rates, gold prices may continue to fall. Domestically, SJC gold prices often follow world prices, so if international gold prices fall, SJC gold is also likely to fall in tomorrow morning's trading session.
In summary, the gold price on May 16, 2025 is forecast to recover slightly due to the cooling of trade tensions, the strengthening of the dollar and the psychology of waiting for economic information from the US. However, if the Fed clearly signals a rate cut, the gold price may stabilize or increase slightly in the future. Gold buyers should closely monitor new information to make appropriate decisions.
Source: https://baoquangnam.vn/tin-tuc-du-bao-gia-vang-hom-nay-16-5-2025-gia-vang-trong-nuoc-va-the-gioi-phuc-hoi-lai-muc-gia-3154832.html
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