Update the latest gold price details today, May 31, 2025 in the domestic market
At the time of survey at 5:00 p.m. on May 31, 2025, today's gold price on May 31, 2025 recorded a slight downward trend, with SJC gold price fluctuating around 118 million VND/tael. The latest update on today's gold price on May 31, 2025 shows that major gold businesses have simultaneously adjusted prices down in both buying and selling directions. Specifically:
The price of SJC gold bars at Saigon Jewelry Company Limited - SJC is listed at 115.7-118.2 million VND/tael (buy - sell). Compared to yesterday, the gold price decreased by 300 thousand VND/tael in both buying and selling directions.
At the same time, DOJI Group listed today's gold price on May 31, 2025 at 115.7-118.2 million VND/tael (buy - sell), down 300 thousand VND/tael in both buying and selling directions compared to the previous day.
At Mi Hong Jewelry Company, the price of SJC gold at the time of survey was 115.7-117.5 million VND/tael (buy - sell). The gold price decreased by 300 thousand VND/tael for buying and 500 thousand VND/tael for selling compared to yesterday.
Bao Tin Minh Chau Company Limited traded SJC gold price at 115.7-118.2 million VND/tael (buy - sell), recording a decrease of 300 thousand VND/tael in both buying and selling directions compared to May 30, 2025.
Meanwhile, Phu Quy Jewelry Company listed the latest gold price today, May 31, 2025, at 115.0-118.2 million VND/tael (buy - sell). The gold price decreased by 500 thousand VND/tael for buying and 300 thousand VND/tael for selling compared to yesterday.
At PNJ, SJC gold price is listed at 115.5-118.0 million VND/tael (buy - sell), down 700 thousand VND/tael in both buying and selling directions compared to the previous day, reflecting the general downward trend of the market.
Vietinbank Gold announced the selling price of SJC gold at 118.2 million VND/tael, down 300 thousand VND/tael compared to yesterday, while the buying price was not recorded at the time of survey.
The domestic gold market today continues to be affected by fluctuations in world gold prices and macroeconomic factors. Today's gold price, May 31, 2025, shows a slight downward adjustment, providing an opportunity for investors to consider when to enter the market.
The latest gold price update table today, May 31, 2025 is as follows:
| Gold price today | ||||
|---|---|---|---|---|
| Buy | Sell | |||
| SJC in Hanoi | 115.7 | ▼300K | 118.2 | ▼300K |
| DOJI Group | 115.7 | ▼300K | 118.2 | ▼300K |
| Red Eyelashes | 115.7 | ▼300K | 117.5 | ▼500K |
| PNJ | 110.5 | ▼700K | 113.6 | ▼400K |
| Vietinbank Gold | 118.2 | ▼300K | ||
| Bao Tin Minh Chau | 115.7 | ▼300K | 118.2 | ▼300K |
| Phu Quy | 115.0 | ▼500K | 118.2 | ▼300K |
| 1. DOJI - Updated: May 31, 2025 17:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 115,700 ▼3 00K | 118,200 ▼300K |
| AVPL/SJC HCM | 115,700 ▼3 00K | 118,200 ▼300K |
| AVPL/SJC DN | 115,700 ▼3 00K | 118,200 ▼300K |
| Raw material 9999 - HN | 107,000 ▼500K | 111,000 ▼500K |
| Raw material 999 - HN | 106,900 ▼500K | 110,900 ▼500K |
| 2. PNJ - Updated: May 29, 2025 17:00 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 110,300 ▼1000K | 113,400 ▼1000K |
| HCMC - SJC | 115,500 ▼700K | 118,000 ▼700K |
| Hanoi - PNJ | 110,300 ▼1000K | 113,400 ▼1000K |
| Hanoi - SJC | 115,500 ▼700K | 118,000 ▼700K |
| Da Nang - PNJ | 110,300 ▼1000K | 113,400 ▼1000K |
| Da Nang - SJC | 115,500 ▼700K | 118,000 ▼700K |
| Western Region - PNJ | 110,300 ▼1000K | 113,400 ▼1000K |
| Western Region - SJC | 115,500 ▼700K | 118,000 ▼700K |
| Jewelry gold price - PNJ | 110,300 ▼1000K | 113,400 ▼1000K |
| Jewelry gold price - SJC | 115,500 ▼700K | 118,000 ▼700K |
| Jewelry gold price - Southeast PNJ | 110,300 ▼1000K | |
| Jewelry gold price - Southeast SJC | 115,500 ▼700K | 118,000 ▼700K |
| Jewelry gold price - PNJ 999.9 Plain Ring | 110,300 ▼1000K | |
| Jewelry gold price - Kim Bao Gold 999.9 | 110,300 ▼1000K | 113,400 ▼1000K |
| Jewelry gold price - Phuc Loc Tai Gold 999.9 | 110,300 ▼1000K | 113,400 ▼1000K |
| Jewelry gold price - Jewelry gold 999.9 | 110,000 ▼1300K | 112,500 ▼1300K |
| Jewelry gold price - Jewelry gold 999 | 109,890 ▼1300K | 112,390 ▼1300K |
| Jewelry gold price - Jewelry gold 9920 | 109,200 ▼1290K | 111,700 ▼1290K |
| Jewelry gold price - Jewelry gold 99 | 108,980 ▼1280K | 111,480 ▼1280K |
| Jewelry gold price - 750 gold (18K) | 77,030 ▼970K | 84,530 ▼970K |
| Jewelry gold price - 585 gold (14K) | 58,460 ▼760K | 65,960 ▼760K |
| Jewelry gold price - 416 gold (10K) | 39,450 ▼540K | 46,950 ▼540K |
| Jewelry gold price - 916 gold (22K) | 100,650 ▼1190K | 103,150 ▼1190K |
| Jewelry gold price - 610 gold (14.6K) | 61,280 ▼790K | 68,780 ▼790K |
| Jewelry gold price - 650 gold (15.6K) | 65,780 ▼840K | 73,280 ▼840K |
| Jewelry gold price - 680 gold (16.3K) | 69,150 ▼880K | 76,650 ▼880K |
| Jewelry gold price - 375 gold (9K) | 34,840 ▼490K | 42,340 ▼490K |
| Jewelry gold price - 333 gold (8K) | 29,780 ▼420K | 37,280 ▼420K |
| 3. SJC - Updated: 5/31/2025 5:00 PM - Source website time - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 115,700 ▼3 00K | 118,200 ▼300K |
| SJC gold 5 chi | 115,700 ▼3 00K | 118,220 ▼300K |
| SJC gold 0.5 chi, 1 chi, 2 chi | 115,700 ▼3 00K | 118,230 ▼300K |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 110,500 ▼500K | 113,500 ▼500K |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 110,500 ▼500K | 113,600 ▼500K |
| Jewelry 99.99% | 110,500 ▼500K | 112,900 00K |
| Jewelry 99% | 107,084 ▼693K | 111,584 ▼693K |
| Jewelry 68% | 69,893 ▼876K | 76,793 ▼476K |
| Jewelry 41.7% | 40,250 ▼691K | 47,150 ▼291K |
Update gold price today May 31, 2025 latest on the world market
At the time of trading at 5:00 p.m. on May 31, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,291.99 USD/ounce. Converted according to the USD exchange rate on the free market (26,200 VND/USD), the world gold price is equivalent to about 104.16 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (115.7-118.2 million VND/tael), the SJC gold price is currently about 14.04 million higher than the international gold price.
Gold prices recorded a slight decline on May 30 due to the rising trend of the US dollar. This situation made investors cautious, especially as they were waiting for important information related to US inflation, which could affect the monetary policy of the US Federal Reserve (Fed). According to the survey, the spot price of gold decreased by about 0.6% to 3,295.99 USD per ounce. Since the beginning of the week, the price of gold has decreased by a total of 1.8%.
US gold futures were no exception, falling 0.6% to $3,294.20. The rise in the dollar, which rose 0.2% against other currencies, made gold more expensive for international buyers. Carsten Menke, an analyst at Julius Baer, said that the slight rise in the dollar this morning could put pressure on gold prices.
Experts predict that gold prices will not react strongly if the personal consumption expenditure (PCE) index data is unsurprising. However, the current market sentiment suggests that volatility may continue in the coming period. PCE data, which the Fed considers a key indicator of inflation, will be released at 12:30 GMT. Economists expect inflation to have increased by 2.2% in April, down from 2.3% in March.
Tim Waterer, an analyst at KCM Trade, said many investors are hesitant to take new long positions in gold ahead of the upcoming release of the core PCE index. Investors are now betting on a 50 basis point rate cut later this year, starting in October. Gold, a non-yielding asset, tends to perform well in low-interest-rate environments.
Along with gold, silver prices also fell 0.6% to $33.16 an ounce. Platinum prices fell 0.8% to $1,073.80, while palladium fell 0.4% to $969.79.
In summary, the gold price on May 30, 2025 is being affected by the appreciation of the dollar and the cautious sentiment of investors in the face of important information on inflation. These factors may continue to affect the gold price in the coming time.
Gold price forecast tomorrow 6/1/2025
Tomorrow, June 1, 2025, is Sunday, and the first thing you need to know is that the price of gold will not change. The gold market is “off” for the weekend, with no new price updates. However, let’s take a look at the current situation to understand why everyone is talking about the price of gold on June 1, 2025, and what to expect when the market reopens on Monday.
Today, May 31, 2025, the world gold price is at 3,299.79 USD/ounce, equivalent to about 104.4 million VND/tael (excluding taxes and fees). Compared to the previous day, the gold price is holding high and may increase a little. Why is gold so "hot"? Imagine gold as a safe haven when the world is in turmoil. Currently, people are rushing to buy gold because they are worried about inflation - that is, rising commodity prices - and upcoming decisions by the US Federal Reserve (Fed). The PCE inflation report, released tonight, will be the "big wind" that determines the direction of gold prices. If inflation falls, the Fed may cut interest rates, weakening the dollar, and gold will be more attractive. Conversely, if inflation is high, gold prices may stagnate.
In addition, the world is in turmoil. Recently, US President Donald Trump withdrew his threat to impose a 50% tariff on goods from the European Union, helping to ease market tensions. However, if there is more unexpected news about trade or politics, gold will be sought after again because it is like a "lifebuoy" when other markets, such as stocks, fluctuate.
Domestically, SJC gold is currently priced at around VND118.5 million per tael, VND14.1 million per tael higher than the world price. This is similar to buying an item in Vietnam that is more expensive than abroad because the domestic gold supply is limited. The Prime Minister has asked to narrow this gap, so in the future, SJC gold prices may fall closer to the world price, around VND107 million per tael. But for now, if the world gold price increases, SJC gold will also increase when the market reopens on Monday.
What will the gold price be on June 1, 2025? Since it is Sunday, the gold price will remain stable. But based on the current situation, when the market reopens, the gold price may fluctuate slightly. If tonight's inflation report shows that prices have decreased, the world gold price may increase, pushing SJC gold up slightly to 119-120 million VND/tael. On the contrary, if inflation is high, the gold price may decrease, and SJC gold may fall to 116-118 million VND/tael. In any case, gold is still a reliable choice when the world is full of instability.
If you are thinking about buying gold, Sunday is a day to relax and learn more. The price of gold on June 1, 2025 is unchanged, but the market is very active. Keep an eye on the news, especially the inflation report from the US, to know when to buy or sell. Gold is like a trusted friend – when things are in turmoil, people often turn to it. If you want to hold gold for the long term, it is still a safe choice, but if you want to “surf” to make a profit, be careful because the price of gold can go up and down like a roller coaster!
Source: https://baoquangnam.vn/tin-tuc-gia-vang-ngay-mai-1-6-2025-gia-vang-trong-nuoc-neo-o-118-2-trieu-vang-the-gioi-giu-muc-3-291-99-usd-3155862.html
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