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Gold price update on the morning of May 16: Gold ring and gold bar prices increased by 3 million VND as soon as the market opened

Quoc DuongMay 16, 2025 10:07

Gold price update on the morning of May 16: Gold ring and gold bar prices increased by 3 million VND as soon as the market opened. The reason was that the world gold price reversed and increased sharply after a series of economic reports were released last night.

Gold bar price today 5/16/2025

At the time of survey at 9:30 a.m. on May 16, 2025, domestic gold prices increased sharply compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 118.5-120.8 million VND/tael (buy - sell), an increase of 3 million VND/tael for buying - an increase of 2.6 million VND/tael for selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 118.5-120.8 million VND/tael (buy - sell), an increase of 3 million VND/tael in buying price - an increase of 2.6 million VND/tael in selling price compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 118.5-120.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 2.7 million VND/tael for buying and increased by 2.5 million VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118.5-120.8 million VND/tael (buy - sell), the price increased by 3 million VND/tael in buying direction - increased by 2.6 million VND/tael in selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117.5-120.8 million VND/tael (buy - sell), gold price increased by 3 million VND/tael in buying - increased by 2.6 million VND/tael in selling compared to yesterday.

Cập nhật giá vàng sáng 16/5: Giá vàng bật tăng 3 triệu đồng

Gold ring price today 5/16/2025

As of 9:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 112.5-115.2 million VND/tael (buy - sell); the price increased by 2 million VND/tael for buying - increased by 1.7 million VND/tael for selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 114.5-117.5 million VND/tael (buy - sell); an increase of 1.5 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 16, 2025 is as follows:

Gold price today
May 16, 2025
(Million VND)
Difference
(thousand dong/tael)
Buy
Sell ​​out
Buy
Sell ​​out
SJC in Hanoi
118.5120.8
+3000+2600
DOJI Group
118.5
120.8
+3000
+2600
Mi Hong
118.5120.5
+2700+2500
PNJ
118.5
120.8
+3000+2600
Vietinbank Gold
120.8

+2600
Bao Tin Minh Chau
118.5
120.8
+3000+2600
Phu Quy117.5120.8
+3000+2600
1.DOJI- Updated: 16/5/2025 09:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold priceBuySell
AVPL/SJC HN118,500▲3000K120,800▲2600K
AVPL/SJC HCM118,500▲3000K120,800▲2600K
AVPL/SJC DN118,500▲3000K120,800▲2600K
Raw material 9999 - HN109,700▲2000K112,700▲1700K
Raw materials 999 - HN109,600▲2000K112,600▲1700K
2.PNJ- Updated: 16/5/2025 09:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell ​​out
HCMC - PNJ112,500▲2000K115,500▲2000K
HCMC - SJC118,500▲3000K120,800▲2600K
Hanoi - PNJ112,500▲2000K115,500▲2000K
Hanoi - SJC118,500▲3000K120,800▲2600K
Da Nang - PNJ112,500▲2000K115,500▲2000K
Da Nang - SJC118,500▲3000K120,800▲2600K
Western Region - PNJ112,500▲2000K115,500▲2000K
Western Region - SJC118,500▲3000K120,800▲2600K
Jewelry gold price - PNJ112,500▲2000K115,500▲2000K
Jewelry gold price - SJC118,500▲3000K120,800▲2600K
Jewelry gold price - SoutheastPNJ112,500▲2000K
Jewelry gold price - SJC118,500▲3000K120,800▲2600K
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring112,500▲2000K
Jewelry gold price - Kim Bao Gold 999.9112,500▲2000K115,500▲2000K
Jewelry gold price - Phuc Loc Tai Gold 999.9112,500▲2000K115,500▲2000K
Jewelry gold price - Jewelry gold 999.9112,400▲1900K114,900▲1900K
Jewelry gold price - 999 jewelry gold112,290▲1900K114,790▲1900K
Jewelry gold price - 9920 jewelry gold111,580▲1880K114,080▲1880K
Jewelry gold price - 99 jewelry gold111,350▲1880K113,850▲1880K
Jewelry gold price - 750 gold (18K)78,830▲1430K86,330▲1430K
Jewelry gold price - 585 gold (14K)59,870▲1110K67,370▲1110K
Jewelry gold price - 416 gold (10K)40,450▲790K47,950▲790K
Jewelry gold price - 916 gold (22K)102,850▲1740K105,350▲1740K
Jewelry gold price - 610 gold (14.6K)62,740▲1160K70,240▲1160K
Jewelry gold price - 650 gold (15.6K)67,340▲1240K74,840▲1240K
Jewelry gold price - 680 gold (16.3K)70,780▲1290K78,280▲1290K
Jewelry gold price - 375 gold (9K)35,740▲710K43,240▲710K
Jewelry gold price - 333 gold (8K)30,570▲630K38,070▲630K
3.SJC- Updated: 16/5/2025 09:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG118,500▲3000K120,800▲2600K
SJC gold 5 chi118,500▲3000K120,820▲2600K
SJC gold 0.5 chi, 1 chi, 2 chi118,500▲3000K120,830▲2600K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi112,500▲2000K115,500▲2000K
SJC 99.99% gold ring 0.5 chi, 0.3 chi112,500▲2000K115,600▲2000K
99.99% jewelry112,500▲2000K114,900▲2000K
99% Jewelry109,262▲1980K113,762▲1980K
Jewelry 68%71,789▲1360K78,289▲1360K
Jewelry 41.7%41,568▲834K48,068▲834K

World gold price today May 16, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 9:30 am today, Vietnam time, was 3,219.74 USD/ounce. Today's gold price increased by 61.43 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,110 VND/USD), the world gold price is about 102.42 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 18.38 million VND/tael higher than the international gold price.

World gold prices increased sharply after a series of economic reports all tended to favor the increase in gold prices. Specifically:

Latest data showed US consumer spending was better than expected last month, according to the US Commerce Department.retail salesSales rose slightly by 0.1% in April, following a revised rise of 1.7% in March. The figure beat analysts' expectations, which predicted no growth in sales in April.

Compared to the same period last year, retail sales increased 5.2%, much higher than the forecast of 1.1% and continued the strong growth since March. However, if excluding the car factor (a big-ticket item), sales increased only 0.1%, lower than the expected 0.3%. This recovery shows that investors are still interested in gold despite signs of stability in the US economy.

Typically, strong consumer spending raises inflation expectations, which could prompt the Fed to consider keeping interest rates higher for longer. However, in this case, moderate retail sales growth was not enough to put pressure on monetary policy, helping gold maintain its appeal as a safe haven.

Meanwhile, US inflation has fallen sharply, creating an opportunity for gold prices to increase. According to data from the US Department of Labor,producer price index (PPI)In April, producer inflation fell 0.5%, following a 0.4% decline in March. This was much lower than analysts' forecasts for a 0.2% increase. Compared to the same period last year, producer inflation rose only 2.4%, lower than the expected 2.5%.

Excluding volatile factors such as food and energy prices, core inflation also fell 0.4% in April. This is a positive signal that price pressures are gradually easing.

World gold prices continued to increase slightly due to mixed signals from the US manufacturing industry. According to the latest reports from the branches of the Federal Reserve (Fed) in New York and Philadelphia.

In Philadelphia,manufacturing activity indexThe index improved to -4.0 in May from -26.4 in April. This improvement was much better than the -11.3 forecast by analysts. The New York region recorded the opposite, with the manufacturing index falling to -9.2 from -8.1 in the previous month, below expectations of remaining stable.

The regional disparity shows that the US manufacturing industry has not yet fully recovered. This makes many investors cautious and continue to seek gold as a safe investment channel. Usually, when the economy shows signs of slowing down, gold is often sought after more because of its stability.

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Gold price update on the morning of May 16: Gold ring and gold bar prices increased by 3 million VND as soon as the market opened
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