- Update the latest gold price details today, May 7, 2025 in the domestic market
- Update gold price today May 6, 2025 latest on the world market
- Gold price forecast tomorrow 5/7/2025
Update the latest gold price details today, May 7, 2025 in the domestic market
At the time of the survey at 4:00 a.m. on May 7, 2025, domestic gold prices were recorded at most major trading systems. The prices of SJC gold bars, jewelry gold and other types of gold all increased in both buying and selling directions, with increases ranging from 2.4 million to 3 million VND/tael. This shows that market demand is at a high level, creating upward pressure on prices across the entire system.
Specifically, at Saigon Jewelry Company Limited - SJC, the price of SJC gold bars in Hanoi was listed at VND120.2 million/tael (buy) and VND122.2 million/tael (sell), recording an increase of VND2.4 million/tael in both directions compared to yesterday. This is a remarkable increase, reflecting the strong recovery of the market.
At DOJI Group, the price of SJC gold bars also increased sharply, listed at 120.2 million VND/tael (buy) and 122.2 million VND/tael (sell). Compared to yesterday, the price here increased by 2.4 million VND/tael in both buying and selling directions, maintaining competition with other large enterprises.
Meanwhile, at Mi Hong Jewelry Company, SJC gold price is listed at 120.5 million VND/tael (buy) and 122 million VND/tael (sell). This price is unchanged from yesterday, meaning it is flat in both directions.
At PNJ Company, SJC gold price recorded the strongest increase of the day. The buying price reached 115 million VND/tael, an increase of 2.5 million VND/tael, while the selling price reached 118 million VND/tael, an increase of 2.6 million VND/tael. This is a remarkable increase, showing the excitement of this trading system.
At Phu Quy, SJC gold prices continued to rise, listed at VND119.8 million/tael (buy) and VND122.8 million/tael (sell), up VND3 million/tael in both directions. This was the highest increase of the day, reflecting the bustling buying and selling demand at this enterprise.
Finally, at Bao Tin Minh Chau, SJC gold price was traded at 120.2 million VND/tael (buy) and 122.2 million VND/tael (sell), an increase of 2.4 million VND/tael in both directions compared to yesterday. This price is equal to that of large enterprises such as DOJI and SJC, showing the uniformity in the upward trend of prices across the market.
As of 6:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 115.5-118.0 million VND/tael (buy - sell); an increase of 3 million VND/tael in both buying and selling directions compared to yesterday.
Bao Tin Minh Chau listed the price of gold rings at 117.5-120.5 million VND/tael (buy - sell); an increase of 2 million VND/tael in both buying and selling directions compared to yesterday.
Gold prices today, May 6, 2025, have recorded a sharp increase in both buying and selling prices at most major trading systems, with an increase of 2.4 million to 3 million VND/tael. This trend promises to continue in the coming days, opening up attractive investment opportunities for buyers.
With the strong increase in gold prices today, experts predict that gold prices on May 7, 2025 may continue to increase in both buying and selling directions, especially in the context of the world market being affected by the weakening of the USD and concerns about global inflation. Buyers need to closely monitor market developments to make appropriate investment decisions.
The latest gold price update table today, May 6, 2025 is as follows:
| Gold price today | ||||
|---|---|---|---|---|
| Buy | Sell | |||
| SJC in Hanoi | 120.2 | - | 122.2 | - |
| DOJI Group | 120.2 | - | 122.2 | - |
| Red Eyelashes | 120.5 | - | 122.0 | - |
| PNJ | 115.0 | - | 118.0 | - |
| Vietinbank Gold | 122.2 | - | ||
| Bao Tin Minh Chau | 120.2 | - | 122.2 | - |
| Phu Quy | 119.8 | - | 122.8 | - |
| 1. DOJI - Updated: 5/6/2025 18:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 120,200 | 122,200 |
| AVPL/SJC HCM | 120,200 | 122,200 |
| AVPL/SJC DN | 120,200 | 122,200 |
| Raw material 9999 - HN | 115,300 | 117,100 |
| Raw material 999 - HN | 115,200 | 117,000 |
| 2. PNJ - Updated: May 6, 2025 18:00 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC PNJ gold bars | 120,200,000 | 122,200,000 |
| PNJ 9999 plain gold ring | 115,000,000 | 118,000,000 |
| Kim Bao 9999 Gold | 115,000,000 | 118,000,000 |
| Gold Phuc Loc Tai 9999 | 115,000,000 ▲00 | 118,000,000 |
| PNJ Gold Bar - Phuong Hoang | 115,000,000 ▲2,500,000 | 118,000,000 ▲2,600,000 |
| PNJ 9999 Gold Jewelry | 115,000,000 ▲2,500,000 | 117,500,000 ▲2,500,000 |
| PNJ 24K Gold Jewelry | 114,880,000 ▲2,490,000 | 117,380,000 ▲2,490,000 |
| 99 gold jewelry | 113,930,000 ▲2,480,000 | 116,430,000 ▲2,480,000 |
| 916 Gold (22K) | 105,230,000 ▲2,290,000 | 107,730,000 ▲2,290,000 |
| 18K PNJ Gold | 80,780,000 ▲1,880,000 | 88,280,000 ▲1,880,000 |
| 680 Gold (16.3K) | 72,550,000 ▲1,700,000 | 80,050,000 ▲1,700,000 |
| 650 Gold (15.6K) | 69,030,000 ▲1,630,000 | 76,530,000 ▲1,630,000 |
| 610 Gold (14.6K) | 64,330,000 ▲1,530,000 | 71,830,000 ▲1,530,000 |
| 14K PNJ Gold | 61,390,000 ▲1,460,000 | 68,890,000 ▲1,460,000 |
| 416 Gold (10K) | 41,530,000 ▲1,040,000 | 49,030,000 ▲1,040,000 |
| 375 Gold (9K) | 36,710,000 ▲930,000 | 44,210,000 ▲930,000 |
| 333 Gold (8K) | 31,430,000 ▲830,000 | 38,930,000 ▲830,000 |
| 3. SJC - Updated: 5/6/2025 18:00 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 120,200 ▲2400K | 122,200 ▲2400K |
| SJC gold 5 chi | 120,200 ▲2400K | 122,220 ▲2400K |
| SJC gold 0.5 chi, 1 chi, 2 chi | 120,200 ▲2400K | 122,230 ▲2400K |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 115,500 ▲3000K | 118,000 ▲3000K |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 115,500 ▲3000K | 118,000 ▲3000K |
| Jewelry 99.99% | 115,500 ▲3000K | 117,400 ▲3000K |
| Jewelry 99% | 111,737 ▲2470K | 116,273 ▲2470K |
| Jewelry 68% | 73,989 ▲2040K | 79,989 ▲2040K |
| Jewelry 41.7% | 43,110 ▲1251K | 49,110 ▲1251K |
Update gold price today May 6, 2025 latest on the world market
At the time of trading at 6:00 p.m. on May 6, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,383.72 USD/ounce. Converted according to the USD exchange rate on the free market (25,960 VND/USD), the world gold price is equivalent to about 107.06 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (120.2-122.2 million VND/tael), the SJC gold price is currently about 15.14 million higher than the international gold price.
Gold prices today, May 6, 2025, on the world market have increased to the highest level in the past two weeks. The main reason is due to concerns about trade tensions after US President Donald Trump threatened to impose new tariffs, causing demand for gold - a safe haven asset - to increase sharply. At the same time, the market is also focusing on the monetary policy decision of the US Federal Reserve (Fed) this week.
Spot gold rose 1.4% to $3,381.37 an ounce at 10:09 GMT, after hitting its highest since April 22 in the previous session. The factors that have supported gold prices in recent times remain intact, including unresolved trade tensions and concerns about the role of the US dollar as an international reserve currency, according to UBS expert Giovanni Staunovo. He also predicted that gold prices could retest $3,500 an ounce this year.
The concerns come after President Trump on Sunday announced a 100% tariff on foreign-made films, though he did not provide specifics on how that would be implemented. He also said on Monday that tariffs on pharmaceuticals would be announced within two weeks. These policies have added to market uncertainty, further boosting demand for gold, which is considered a safe haven during times of political and financial uncertainty.
Gold hit a record high of $3,500.05 an ounce last month, supported by central bank buying, trade war concerns and strong investment demand. However, it fell to a low of $3,200 an ounce last week, but has since rebounded strongly on demand from China, the world's largest gold buyer, after the holiday.
Meanwhile, markets are awaiting the Fed's decision on Wednesday. The Fed is expected to leave interest rates unchanged, but Chairman Jerome Powell's comments will be closely watched for clues on the future direction of rates. Traders currently expect the Fed to cut rates by a total of 75 basis points this year, with the first cut likely in July. Lower interest rates typically reduce the opportunity cost of holding non-yielding gold, which in turn supports prices.
In addition to gold, other precious metals also recorded gains today. Spot silver prices rose 1.6% to $33.01 an ounce, while platinum prices rose 1.6% to $974.28 an ounce, and palladium rose 1% to $950.38 an ounce.
In summary, the gold price today, May 6, 2025, on the world market continues to increase strongly due to the impact of trade tensions, safe investment demand and expectations of low interest rate policies. These factors may continue to support gold prices in the coming time, especially when economic and political instability still exists.
Gold price forecast tomorrow 5/7/2025
The gold price tomorrow, May 7, 2025, is forecast to continue its upward trend because the world gold price on May 6, 2025 recorded a significant increase, reaching 3,380.61 USD/ounce, the highest level in the past two weeks. Converted at the current USD exchange rate, the world gold price is equivalent to about 106.96 million VND/tael (excluding taxes and fees). This upward trend is attracting great attention from investors and may continue to affect the domestic market tomorrow.
The main reason for the sharp increase in world gold prices is due to concerns about new tax policies from US President Donald Trump. Mr. Trump has announced a 100% tax on imported film products and is likely to expand it to the pharmaceutical sector. These moves have caused financial markets to become unstable, and gold - considered a safe haven in times of uncertainty - has become the top choice of many investors.
In addition, the market is also paying attention to the US Federal Reserve (Fed) meeting taking place tomorrow, May 7. The Fed is expected to keep interest rates unchanged, but statements from Chairman Jerome Powell may reveal plans to cut interest rates in the future. Low interest rates often reduce the opportunity cost of holding gold, thereby supporting higher gold prices.
Domestic gold prices, which usually follow global market developments, are also likely to increase tomorrow. SJC gold – a popular gold in Vietnam – may record a higher price in the morning trading session on May 7, 2025. This is especially important for those considering buying or selling gold, as the upward trend may continue if economic instability and the Fed’s monetary policy persist.
In summary, the gold price on May 7, 2025 is forecasted to continue its upward trend, both in the world and domestic markets. For those interested in investing in gold, this may be the right time to closely monitor and make timely decisions.
Source: https://baoquangnam.vn/tin-tuc-du-bao-gia-vang-hom-nay-7-5-2025-gia-vang-trong-nuoc-va-the-gioi-tang-tiep-dot-moi-vang-the-gioi-vuot-moc-3400-usd-3154197.html
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