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News, gold price forecast today May 20, 2025 Domestic gold price widens the gap with world gold price

Gold price today, May 20, 2025 is forecast to increase sharply, approaching a record level due to the weakening USD and concerns about global trade tensions.

Báo Quảng NamBáo Quảng Nam20/05/2025

Update the latest gold price details today, May 20, 2025 in the domestic market

At the time of survey at 10:30 a.m. on May 20, 2025, the price of SJC gold bars in Hanoi was listed at VND 116.8 million/tael (buy) and VND 119.3 million/tael (sell). Similarly, in Ho Chi Minh City and Da Nang, the price of SJC gold also recorded a similar price.

DOJI Group listed the price of SJC gold bars in Hanoi at 116.8 million VND/tael (buy) and 119.3 million VND/tael (sell).

Mi Hong Jewelry Company listed the price of SJC gold at 117.5 million VND/tael (buy) and 119.3 million VND/tael (sell).

Gold prices at PNJ also recorded a decrease in both directions. In Ho Chi Minh City, Hanoi and Da Nang , SJC gold bar prices were traded at VND111.0 million/tael (buy) and VND114.0 million/tael (sell). A decrease of VND500,000/tael in both buying and selling directions.

Phu Quy Jewelry Company listed the price of SJC gold bars at 116.3 million VND/tael (buy) and 119.3 million VND/tael (sell).

News, gold price forecast tomorrow 5/20/2025 domestic and world gold prices increase to near record levels
News, gold price forecast today May 20, 2025 Domestic gold price widens the gap with world gold price

As of 10:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 111.5-114.5 million VND/tael (buy - sell). The difference between the buy and sell prices is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 114.2-117.2 million VND/tael (buy - sell); The difference between the buy and sell prices is 3 million VND/tael.

The latest gold price update table today, May 20, 2025 is as follows:

Gold price today
BuySell
SJC in Hanoi 116.8 - 119.3 -
DOJI Group 116.8 - 119.3 -
Red Eyelashes 117.5 - 119.3 -
PNJ 111.0 ▼500K 114.0 ▼500K
Vietinbank Gold 119.3 -
Bao Tin Minh Chau 116.8 - 119.3 -
Phu Quy 116.3 - 119.3 -
1. DOJI - Updated: 05/20/2025 04:00 - Source website time - ▼/▲ Compared to yesterday.
Type Buy Sell
AVPL/SJC HN 116,800 119,300
AVPL/SJC HCM 116,800 119,300
AVPL/SJC DN 116,800 119,300
Raw material 9999 - HN 108,700 112,000
Raw material 999 - HN 108,600 111,900
2. PNJ - Updated: 05/20/2025 04:00 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
HCMC - PNJ 111,500 114,500
HCMC - SJC 116,800 119,300
Hanoi - PNJ 111,500 114,500
Hanoi - SJC 116,800 119,300
Da Nang - PNJ 111,500 114,500
Da Nang - SJC 116,800 119,300
Western Region - PNJ 111,500 114,500
Western Region - SJC 116,800 119,300
Jewelry gold price - PNJ 111,500 114,500
Jewelry gold price - SJC 116,800 119,300
Jewelry gold price - Southeast PNJ 111,500
Jewelry gold price - Southeast SJC 116,800 119,300
Jewelry gold price - PNJ 999.9 Plain Ring 111,500
Jewelry gold price - Kim Bao Gold 999.9 111,500 114,500
Jewelry gold price - Phuc Loc Tai Gold 999.9 111,500 114,500
Jewelry gold price - Jewelry gold 999.9 111,500 114,000
Jewelry gold price - Jewelry gold 999 111,390 113,890
Jewelry gold price - Jewelry gold 9920 110,690 113,190
Jewelry gold price - Jewelry gold 99 110,460 112,960
Jewelry gold price - 750 gold (18K) 78,150 85,650
Jewelry gold price - 585 gold (14K) 59,340 66,840
Jewelry gold price - 416 gold (10K) 40,070 47,570
Jewelry gold price - 916 gold (22K) 102.020 104,520
Jewelry gold price - 610 gold (14.6K) 62,190 69,690
Jewelry gold price - 650 gold (15.6K) 66,750 74,250
Jewelry gold price - 680 gold (16.3K) 70,170 77,670
Jewelry gold price - 375 gold (9K) 35,400 42,900
Jewelry gold price - 333 gold (8K) 30,270 37,770
3. SJC - Updated: 5/20/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 116,800 119,300
SJC gold 5 chi 116,800 119,320
SJC gold 0.5 chi, 1 chi, 2 chi 116,800 119,330
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 111,500
114,500
SJC 99.99% gold ring 0.5 chi, 0.3 chi 111,500 114,600
Jewelry 99.99% 111,500 113,900
Jewelry 99% 108,272 112,772
Jewelry 68% 71,109 77,609
Jewelry 41.7% 41,151 47,651

Update gold price today May 20, 2025 latest on the world market

At the time of trading at 10:39 a.m. on May 20, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,212.34 USD/ounce. Converted according to the USD exchange rate on the free market (26,120 VND/USD), the world gold price is equivalent to about 101.63 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (116.8-119.3 million VND/tael), the SJC gold price is currently about 17.66 million higher than the international gold price.

Gold prices in the world market have decreased slightly. The recovery of the US dollar along with optimistic signals about the possibility of a ceasefire between Russia and Ukraine has reduced investment demand for gold. According to updated information, the spot price of gold has decreased by 0.4% to 3,215.31 USD per ounce, while the US gold futures contract has also decreased by 0.5% to 3,218.40 USD.

The US dollar has shown signs of a slight recovery after falling to its lowest level in more than a week in the previous session, making gold, priced in dollars, less attractive to holders of other currencies. Kyle Rodda, a financial markets analyst at Capital.com, said the rapid reaction to the US credit downgrade is fading and there is some hope of a ceasefire between Ukraine and Russia.

US President Donald Trump spoke with Russian President Vladimir Putin on Monday and said the two countries would immediately begin talks on a ceasefire. Rodda also noted that buyers appear to be emerging as gold prices fall below $3,200, but he also predicted a larger correction, especially if geopolitical risks abate and interest rate pressures from US fiscal policy increase.

Gold is often seen as a safe haven asset during times of geopolitical and economic uncertainty. It has hit multiple record highs this year and is up about 23% year to date. Federal Reserve officials on Monday expressed caution about the impact of recent credit downgrades and volatile markets as they continue to navigate a highly uncertain economic environment.

Moody's downgraded the US credit rating to Aa1 from Aaa on Friday, citing rising debt and interest rates, which are significantly higher than those of similarly rated countries. Several Fed officials are scheduled to speak today, which could provide more information on the economy and central bank policy. Markets are currently pricing in at least 53 basis points of rate cuts this year, with the first cut expected to begin in October.

Silver also fell 0.3% to $32.25 an ounce, while platinum rose 0.3% to $1,000.71 and palladium fell 0.1% to $973.74.

Gold price forecast today 5/20/2025

At the time of trading this morning, May 20, 2025, the world gold price was recorded at 3,212.34 USD/ounce, equivalent to about 101.63 million VND/tael if converted according to the USD exchange rate on the free market. Compared to the domestic SJC gold bar price, the current SJC gold price is about 17.66 million VND/tael higher than the world gold price. This shows the large difference between the domestic and international markets, which often reflect domestic demand and supply.

The world gold price is showing a slight downward trend mainly due to the recovery of the USD and concerns about global trade tensions. Recently, US Treasury Secretary Scott Bessent announced that President Donald Trump may impose tariffs on countries that are not "in good faith" in trade negotiations. This information has made investors worried and turned to safe assets such as gold, increasing the value of this precious metal.

In addition, Moody's - one of the world's leading credit rating organizations - downgraded the US credit rating, also putting great pressure on the financial market. This increased investors' defensive sentiment, boosting demand for gold to protect assets. According to expert Tim Waterer from KCM Trade, the possibility of the US Federal Reserve (Fed) cutting interest rates in July or September is also being predicted, especially when US economic data shows signs of weakening.

These factors all contributed to the upward momentum for gold prices. Not only gold, other precious metals such as silver, platinum and palladium also recorded slight increases, showing that the general market trend is leaning towards safe-haven assets.

Domestically, SJC gold prices often fluctuate according to world market trends. Therefore, in the trading session tomorrow morning, May 20, 2025, SJC gold prices may continue to increase, especially when international factors are still strongly supporting the gold's upward momentum.

In summary, the gold price on May 20, 2025 is forecast to increase in the context of a weakening USD, escalating trade tensions and defensive investor sentiment globally. This is the time when gold continues to assert its role as the leading safe haven.

Source: https://baoquangnam.vn/tin-tuc-du-bao-gia-vang-hom-nay-20-5-2025-gia-vang-trong-nuoc-keo-dai-khoang-cach-voi-vang-the-gioi-3155111.html


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