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News, gold price forecast today May 24, 2025 Domestic gold price increases strongly again, world gold is heading towards the peak of 3400 USD

Gold price today, May 24, 2025 is forecast to increase sharply following the recovery of the international market, when the USD weakens and demand for shelter increases.

Báo Quảng NamBáo Quảng Nam24/05/2025

Update the latest gold price details today, May 24, 2025 in the domestic market

At the time of survey on May 24, 2025, SJC gold price in Hanoi was listed at VND 118.5 million/tael (buy) and VND 120.5 million/tael (sell), unchanged from yesterday.

DOJI Group also maintained the price of SJC gold bars at 118.5 million VND/tael (buy) and 120.5 million VND/tael (sell), unchanged from the previous session.

Mi Hong Jewelry Company listed the price of SJC gold at 118.5 million VND/tael (buy) and 120 million VND/tael (sell), with no fluctuations recorded during the day.

Meanwhile, the gold price at PNJ is currently listed at 112.5 million VND/tael (buy) and 115.5 million VND/tael (sell).

Phu Quy also recorded a slight decrease, the price of SJC gold here is trading at 117.5 million VND/tael (buy) and 120.5 million VND/tael (sell).

Bao Tin Minh Chau maintained the same price compared to other major brands, listed at 118.5 million VND/tael (buy) and 120.5 million VND/tael (sell), no change compared to the previous session.

News, gold price forecast tomorrow 5/24/2025 domestic gold price increases strongly again, following international trend
News, gold price forecast today May 24, 2025 Domestic gold price increases strongly again, world gold is heading towards the peak of 3400 USD

As of 7:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 112.5-115.0 million VND/tael (buy - sell). The difference between the buy and sell prices is at 2.5 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 114.5-117.5 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 23, 2025 is as follows:

Gold price today
BuySell
SJC in Hanoi 118.5 - 120.5 -
DOJI Group 118.5 - 120.5 -
Red Eyelashes 118.5 - 120.0 -
PNJ 112.5 - 115.5 -
Vietinbank Gold 120.5 -
Bao Tin Minh Chau 118.5 - 120.5 -
Phu Quy 117.5 - 120.5 -
1. DOJI - Updated: May 24, 2025 06:00 - Source website time - ▼/▲ Compared to yesterday.
Type Buy Sell
AVPL/SJC HN 118,500 120,500
AVPL/SJC HCM 118,500 120,500
AVPL/SJC DN 120,500 120,500
Raw material 9999 - HN 107,900 113,000
Raw material 999 - HN 107,800 112,900
2. PNJ - Updated: May 24, 2025 06:00 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
HCMC - PNJ 112,500 115,500
HCMC - SJC 118,500 120,500
Hanoi - PNJ 112,500 115,500
Hanoi - SJC 118,500 120,500
Da Nang - PNJ 112,500 115,500
Da Nang - SJC 118,500 120,500
Western Region - PNJ 112,500 115,500
Western Region - SJC 118,500 120,500
Jewelry gold price - PNJ 112,500 115,500
Jewelry gold price - SJC 118,500 120,500
Jewelry gold price - Southeast PNJ 112,500
Jewelry gold price - SJC 118,500 120,500
Jewelry gold price - PNJ 999.9 Plain Ring 112,500
Jewelry gold price - Kim Bao Gold 999.9 112,500 115,500
Jewelry gold price - Phuc Loc Tai Gold 999.9 112,500 115,500
Jewelry gold price - Jewelry gold 999.9 112,000 114,500
Jewelry gold price - Jewelry gold 999 111,890 114,390
Jewelry gold price - Jewelry gold 9920 111,180 113,680
Jewelry gold price - Jewelry gold 99 110,960 113,460
Jewelry gold price - 750 gold (18K) 78,530 86,030
Jewelry gold price - 585 gold (14K) 59,630 67,130
Jewelry gold price - 416 gold (10K) 40,280 47,780
Jewelry gold price - 916 gold (22K) 102,480 104,980
Jewelry gold price - 610 gold (14.6K) 62,500 70,000
Jewelry gold price - 650 gold (15.6K) 67,080 74,580
Jewelry gold price - 680 gold (16.3K) 70,510 78,010
Jewelry gold price - 375 gold (9K) 35,590 43,090
Jewelry gold price - 333 gold (8K) 30,440 37,940
3. SJC - Updated: 5/24/2025 06:00 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 118,500 120,500
SJC gold 5 chi 118,500 120,520
SJC gold 0.5 chi, 1 chi, 2 chi 118,500 120,530
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 112,500 115,500
SJC 99.99% gold ring 0.5 chi, 0.3 chi 112,500 115,600
Jewelry 99.99% 112,500 114,900
Jewelry 99% 109,262 113,762
Jewelry 68% 71,789 78,289
Jewelry 41.7% 41,568 48,068

Update gold price today May 23, 2025 latest on the world market

At the time of trading at 7:30 a.m. on May 24, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,358.38 USD/ounce. Converted according to the USD exchange rate on the free market (26,140 VND/USD), the world gold price is equivalent to about 106.26 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (118.5-120.5 million VND/tael), the SJC gold price is currently about 14.24 million higher than the international gold price.

World gold prices on May 23, 2025 recorded a 1% increase, marking the best week in the past six weeks. This growth was fueled by a weakening USD and concerns about the US financial situation, causing investors to seek gold as a safe haven asset. Currently, the spot price of gold reached 3,327.89 USD/ounce, up 4% this week - the strongest increase since April 7.

According to UBS expert Giovanni Staunovo, the passage of the new tax bill by President Donald Trump is supporting gold prices. However, this also raises concerns about the US financial situation, especially the possibility of increasing public debt. In this context, some investors have shifted from Treasury bonds to gold to reduce risks.

Last week, Moody's - one of the world's three largest credit rating agencies - downgraded the US credit rating by one notch, citing the country's massive debt of up to $36 trillion. This created anxiety in financial markets, causing investors to reduce their risk appetite and increase their search for safe assets such as gold.

In addition, the US dollar fell 0.5% this week, marking the biggest decline since April. When the US dollar is weak, gold – which is priced in US dollars – becomes cheaper for investors holding other currencies, thereby boosting demand for gold.

Spot gold is likely to retest the resistance level of $3,335 an ounce, and if it breaks through this level, gold could continue to rise to $3,366 an ounce, according to Reuters technical analyst Wang Tao.

Besides gold, other precious metals also had diverse developments. Spot silver prices increased slightly by 0.2% to $ 33.13 / ounce, while platinum remained unchanged at $ 1,081.43 / ounce and palladium decreased by 0.5% to $ 1,009.89 / ounce.

Concerns about the US financial and political situation are creating a strong driving force for world gold prices. As a safe haven asset, gold continues to attract investors' attention, especially in the context of a weakening USD and rising US public debt. This is also the main factor causing the gold price today, May 23, 2025, on the world market to maintain a strong upward momentum.

Gold price forecast today 5/24/2025

Gold price today, May 24, 2025 is forecasted to continue to increase strongly, reflecting the upward trend of the world gold market. At 07:30 on May 24, 2025, the world gold price recorded 3,358.38 USD/ounce, reaching the highest peak in more than a month. Converted to Vietnamese currency, the world gold price is currently equivalent to 106.26 million VND/tael, about 14.24 million VND/tael lower than the domestic SJC gold price.

The main reason for the sharp increase in world gold prices is the weakening of the USD and investors' concerns about the unstable financial situation in the US. With the US dollar falling more than 1% this week, gold has become more attractive to investors using other currencies. At the same time, issues such as high US public debt, new tax policies and geopolitical instability have pushed investors to seek gold as a safe haven asset.

In Vietnam, domestic gold prices often fluctuate according to international trends. It is expected that in the morning trading session on May 24, 2025, SJC gold prices will continue to increase as the market reflects international developments. Those interested in gold need to closely monitor the information to make appropriate investment decisions.

Gold prices on May 24, 2025 are likely to continue their strong increase, thanks to support from the world market and investor caution in the face of global financial risks.

Source: https://baoquangnam.vn/tin-tuc-du-bao-gia-vang-hom-nay-24-5-2025-gia-vang-trong-nuoc-tang-manh-tro-lai-vang-the-gioi-huong-toi-dinh-3400-usd-3155382.html


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