Gold price update today May 31, 2025: Domestic and world gold prices closed the week with a very deep decrease
Gold price today May 31, 2025: Domestic gold price and world gold price closed the week with a very deep decrease. As of 14:00, gold price decreased by 3.3 million VND compared to last week.
Domestic gold price today 5/31/2025
At the time of survey at 2:00 p.m. on May 31, 2025, the domestic gold bar price continued to decrease slightly. Specifically:
DOJI Group listed the price of SJC gold bars at 115.7-118.2 million VND/tael (buy - sell), a decrease of 300 thousand VND/tael in both buying and selling directions compared to yesterday.
At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 115.7-118.2 million VND/tael (buy - sell), a decrease of 300 thousand VND/tael in both buying and selling directions compared to yesterday.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 115.7-117.2 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 800 thousand VND/tael for both buying and selling compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 115.7-118.2 million VND/tael (buy - sell), the price decreased by 300 thousand VND/tael in both buying and selling directions compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 115-118.2 million VND/tael (buy - sell), gold price decreased 500 thousand VND/tael in buying direction - decreased 300 thousand VND/tael in selling direction compared to yesterday.
As of 2:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 111-113.5 million VND/tael (buy - sell); the price decreased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.
Bao Tin Minh Chau listed the price of gold rings at 113-116 million VND/tael (buy - sell); down 500 thousand VND/tael in both buying and selling directions compared to yesterday.
Domestic gold prices fell sharply after the State Bank announced the conclusion of its inspection of gold trading activities at two banks and four large companies on the afternoon of May 30. The market immediately reacted when large trading units such as SJC, Mi Hong and Phu Quy adjusted the buying and selling prices of SJC gold bars and gold rings, respectively.
Although the decline is not too deep, the development shows that cautious sentiment has spread among investors after the inspection information.
The latest gold price list today, May 31, 2025 is as follows:
| Gold price today | May 31, 2025 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 115.7 | 118.2 | -300 | -300 |
| DOJI Group | 115.7 | 118.2 | -300 | -300 |
| Red Eyelashes | 115.7 | 117.2 | -800 | -800 |
| PNJ | 115.7 | 118.2 | -300 | -300 |
| Vietinbank Gold | 118.2 | -300 | ||
| Bao Tin Minh Chau | 115.7 | 118.2 | -300 | -300 |
| Phu Quy | 115 | 118.2 | -500 | -300 |
| 1.DOJI- Updated: 5/31/2025 14:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Domestic gold price | Buy | Sell |
| AVPL/SJC HN | 115,700▼300K | 118,200▼300K |
| AVPL/SJC HCM | 115,700▼300K | 118,200▼300K |
| AVPL/SJC DN | 115,700▼300K | 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: 5/31/2025 14:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 999.9 gold bar | 11,570 | 11,820 |
| PNJ 999.9 Plain Ring | 11,050 | 11,360 |
| Kim Bao Gold 999.9 | 11,050 | 11,360 |
| Gold Phuc Loc Tai 999.9 | 11,050 | 11,360 |
| 999.9 gold jewelry | 11,000 | 11,250 |
| 999 gold jewelry | 10,989 | 11,239 |
| 9920 jewelry gold | 10,920 | 11,170 |
| 99 gold jewelry | 10,898 | 11,148 |
| 750 Gold (18K) | 7,703 | 8,453 |
| 585 Gold (14K) | 5,846 | 6,596 |
| 416 Gold (10K) | 3,945 | 4,695 |
| PNJ Gold - Phoenix | 11,050 | 11,360 |
| 916 Gold (22K) | 10,065 | 10,315 |
| 610 Gold (14.6K) | 6.128 | 6,878 |
| 650 Gold (15.6K) | 6,578 | 7,328 |
| 680 Gold (16.3K) | 6,915 | 7,665 |
| 375 Gold (9K) | 3,484 | 4,234 |
| 333 Gold (8K) | 2,978 | 3,728 |
| 3.SJC- Updated: 5/31/2025 14:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 115,700▼300K | 118,200▼300K |
| SJC gold 5 chi | 115,700▼300K | 118,220▼300K |
| SJC gold 0.5 chi, 1 chi, 2 chi | 115,700▼300K | 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▼500K |
| Jewelry 99% | 107,282▼495K | 111,782▼495K |
| Jewelry 68% | 70,029▼340K | 76,929▼340K |
| Jewelry 41.7% | 40,334▼208K | 47,234▼208K |
World gold price today May 31, 2025 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 2:00 p.m. today, Vietnam time, was 3,291.99 USD/ounce. Today's gold price decreased by 4.06 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,200 VND/USD), the world gold price is about 107.86 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 10.34 million VND/tael higher than the international gold price.
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In the international market, the world gold price decreased by about 66.13 USD/ounce compared to the end of last week. However, for the whole month of May, gold still recorded a strong increase of 2.74%, equivalent to 87.91 USD/ounce. The price fluctuated in the range of 3200 to 3390 USD/ounce and was still 210 USD lower than the record in April.
The main reason for this price drop is believed to be the latest post by US President Donald Trump, in which he announced that he would no longer maintain a soft stance on China in trade policy. The financial market reacted immediately, stocks fluctuated and gold prices were indirectly affected.
In addition, legal actions related to tariffs issued by Mr. Trump have also added to the uncertainty of the market. The International Trade Court previously blocked these tariffs on the grounds that the President exceeded his authority. However, the US Court of Appeals for the Federal Circuit recently postponed the decision, making the Trump administration's tariff policy continue to be controversial.
Outside the US, physical gold demand in India also weakened last week as domestic gold prices rose, along with the end of the wedding season, which is the peak gold buying season in the country.
Another notable development is a report from Fidelity Financial Group, which warns that while the long-term trend for gold remains positive, investors should be cautious after the recent surge. Gold’s new golden age began in late 2022, when prices were around $1,670 an ounce, and has now nearly doubled.
Notably, the strong gold buying power comes from central banks outside the OECD. In the period 2022 - 2024, the amount of gold purchased by this group will exceed 1,000 tons per year. In 2024 alone, Poland bought up to 90 tons of gold. According to expert Boris Shepov from Fidelity, this trend will continue, especially in the context of many countries wanting to reduce their dependence on the USD.
Although gold prices are adjusting, the global economic and political context is still an important factor in maintaining the position of this precious metal in the eyes of investors.
