Gold price on the afternoon of May 16, 2025: Domestic and world gold prices fell the most in the past 6 months
Gold price on the afternoon of May 16, 2025: Domestic gold price and world gold price decreased again compared to early this morning, and recorded the sharpest weekly decrease in the past 6 months.
Domestic gold price today 5/16/2025
At the time of survey at 4:30 p.m. on May 16, 2025, the domestic gold price dropped sharply by nearly 2 million VND. Specifically:
DOJI Group listed the price of SJC gold bars at 115.7-118.7 million VND/tael (buy - sell), an increase of 200 thousand VND/tael for buying - an increase of 500 thousand 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 115.7-118.7 million VND/tael (buy - sell), the gold price increased by 200 thousand VND/tael in the buying direction - increased by 500 thousand VND/tael in the selling direction compared to yesterday.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 116-118.2 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 200 thousand VND/tael for both buying and selling compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 115.7-118.7 million VND/tael (buy - sell), the price increased by 200 thousand VND/tael in the buying direction - increased by 500 thousand VND/tael in the selling direction compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 115-118.7 million VND/tael (buy - sell), gold price increased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.
As of 4:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 111.7-114.7 million VND/tael (buy - sell); the price increased by 1.2 million VND/tael in both buying and selling directions compared to yesterday.
Bao Tin Minh Chau listed the price of gold rings at 114-117 million VND/tael (buy - sell); an increase of 500 thousand 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 dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 115.7 | 118.7 | +200 | +500 |
| DOJI Group | 115.7 | 118.7 | +200 | +500 |
| Red Eyelashes | 116 | 118.2 | +200 | +200 |
| PNJ | 115.7 | 118.7 | +200 | +500 |
| Vietinbank Gold | 118.7 | +500 | ||
| Bao Tin Minh Chau | 115.7 | 118.7 | +200 | +500 |
| Phu Quy | 115 | 118.7 | +500 | +500 |
| 1.DOJI- Updated: 16/5/2025 16:30 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Domestic gold price | Buy | Sell |
| AVPL/SJC HN | 115,700▲200K | 118,700▲500K |
| AVPL/SJC HCM | 115,700▲200K | 118,700▲500K |
| AVPL/SJC DN | 115,700▲200K | 118,700▲500K |
| Raw material 9999 - HN | 108,900▲1200K | 112,200▲1200K |
| Raw material 999 - HN | 108,800▲1200K | 112,100▲1200K |
| 2.PNJ- Updated: 16/5/2025 16:30 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 999.9 gold bar | 11,570 | 11,870 |
| PNJ 999.9 Plain Ring | 11,170 | 11,470 |
| Kim Bao Gold 999.9 | 11,170 | 11,470 |
| Gold Phuc Loc Tai 999.9 | 11,170 | 11,470 |
| 999.9 gold jewelry | 11,170 | 11,420 |
| 999 gold jewelry | 11,159 | 11,409 |
| 9920 jewelry gold | 11,089 | 11,339 |
| 99 gold jewelry | 11,066 | 11,316 |
| 750 Gold (18K) | 7,830 | 8,580 |
| 585 Gold (14K) | 5,946 | 6,696 |
| 416 Gold (10K) | 4,016 | 4,766 |
| PNJ Gold - Phoenix | 11,170 | 11,470 |
| 916 Gold (22K) | 10,221 | 10,471 |
| 610 Gold (14.6K) | 6,231 | 6,981 |
| 650 Gold (15.6K) | 6,688 | 7,438 |
| 680 Gold (16.3K) | 7,031 | 7,781 |
| 375 Gold (9K) | 3,548 | 4,298 |
| 333 Gold (8K) | 3,034 | 3,784 |
| 3.SJC- Updated: 16/5/2025 16:30 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 115,700▲200K | 118,700▲500K |
| SJC gold 5 chi | 115,700▲200K | 118,720▲500K |
| SJC gold 0.5 chi, 1 chi, 2 chi | 115,700▲200K | 118,730▲500K |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 111,700▲1200K | 114,700▲1200K |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 111,700▲1200K | 114,800▲1200K |
| Jewelry 99.99% | 111,700▲1200K | 114,100▲1200K |
| Jewelry 99% | 108,470▲1188K | 112,970▲1188K |
| Jewelry 68% | 71,245▲816K | 77,745▲816K |
| Jewelry 41.7% | 41,234▲500K | 47,734▲500K |
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 2:30 p.m. today, Vietnam time, was 3,207.55 USD/ounce. Today's gold price increased by 44.8 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,110 VND/USD), the world gold price is about 102.03 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 16.64 million VND/tael higher than the international gold price.
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World gold prices began to decline again after a sharp increase this morning, and recorded the sharpest weekly decline in half a year, due to the increase in the US dollar and the decrease in concerns about the trade war, causing gold to lose its appeal as a safe haven asset.
Specifically, the spot gold price increased by 1.42%, down slightly from the 1.95% increase this morning. For the whole week, gold lost more than 3% of its value, the sharpest decline since November 2024. Meanwhile, the price of gold futures in the US also decreased slightly by 0.1% to 3,224.4 USD.
The dollar rose 0.2% this week, marking its fourth consecutive weekly gain. The stronger dollar makes gold, which is priced in dollars, more expensive for foreign investors.
According to Mr. Ilya Spivak, market analyst at Tastylive, gold prices were under strong selling pressure this week due to the market being more optimistic after the US and China agreed to temporarily reduce tariffs imposed from April. This move helps ease trade tensions between the world's two largest economies.
In addition, US economic data also contributed to the decline in gold prices. Producer prices unexpectedly fell in April, while retail sales growth slowed. Consumer inflation also increased less than expected, suggesting that price pressures are under control.
Michael Barr, a member of the US Federal Reserve (Fed), said the US economy remains stable with inflation approaching the 2% target. However, global trade policy still has many uncertainties.
Although gold prices have fallen, according to Tim Waterer, a market analyst at KCM Trade, gold still attracts investors to buy every time it falls sharply, proving that the demand for shelter is still high because the outlook for global growth and inflation is not really clear.
Demand for physical gold in Asian markets also increased this week as prices fell, stimulating buyers.
Besides gold, other precious metals such as silver, platinum and palladium also decreased in price. Specifically, silver decreased 0.7% to 32.44 USD/ounce, platinum decreased 0.3% to 986.35 USD and palladium lost 1.2% of its value to 957.20 USD.
