Gold price on the afternoon of May 17, 2025: Domestic and world gold prices dropped sharply to below 3,200 USD
Gold price on the afternoon of May 17, 2025: Domestic gold price and world gold price continued to fall sharply below 3,200 USD when the US and China showed signs of thawing the trade war, pushing international stocks to increase strongly.
Domestic gold price today May 17, 2025
At the time of survey at 3:30 p.m. on May 17, 2025, the domestic gold price decreased slightly by nearly 200,000 VND. Specifically:
DOJI Group listed the price of SJC gold bars at 115.5-118.5 million VND/tael (buy - sell), a decrease of 200 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 115.5-118.5 million VND/tael (buy - sell), the gold price decreased by 200 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 117-118.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 2 million VND/tael for buying and 500 thousand VND/tael for selling compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 115.5-118.5 million VND/tael (buy - sell), a decrease of 200 thousand VND/tael in both buying and selling directions compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 115-118.5 million VND/tael (buy - sell), gold price is unchanged in buying direction - decreased 200 thousand VND/tael in selling direction compared to yesterday.
As of 3:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 111-114 million VND/tael (buy - sell); the price decreased by 700 thousand 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); unchanged in both buying and selling directions compared to yesterday.
The latest gold price list today, May 17, 2025 is as follows:
| Gold price today | May 17, 2025 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 115.5 | 118.5 | -200 | -200 |
| DOJI Group | 115.5 | 118.5 | -200 | -200 |
| Mi Hong | 117 | 118.5 | +2000 | +500 |
| PNJ | 115.5 | 118.5 | -200 | -200 |
| Vietinbank Gold | 118.5 | -200 | ||
| Bao Tin Minh Chau | 115.5 | 118.5 | -200 | -200 |
| Phu Quy | 115 | 118.5 | - | -200 |
| 1.DOJI- Updated: 17/5/2025 15:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Domestic gold price | Buy | Sell |
| AVPL/SJC HN | 115,500▼200K | 118,500▼200K |
| AVPL/SJC HCM | 115,500▼200K | 118,500▼200K |
| AVPL/SJC DN | 115,500▼200K | 118,500▼200K |
| Raw material 9999 - HN | 108200 ▼700K | 111500 ▼700K |
| Raw materials 999 - HN | 108100 ▼700K | 111400 ▼700K |
| 2.PNJ- Updated: 17/5/2025 15:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 999.9 gold bar | 11,550 | 11,850 |
| PNJ 999.9 Plain Ring | 11,100 | 11,400 |
| Kim Bao Gold 999.9 | 11,100 | 11,400 |
| Gold Phuc Loc Tai 999.9 | 11,100 | 11,400 |
| 999.9 gold jewelry | 11,100 | 11,350 |
| 999 gold jewelry | 11,089 | 11,339 |
| 9920 gold jewelry | 11,019 | 11,269 |
| 99 gold jewelry | 10,997 | 11,247 |
| 750 Gold (18K) | 7,778 | 8,528 |
| 585 Gold (14K) | 5,905 | 6,655 |
| 416 Gold (10K) | 3,987 | 4,737 |
| PNJ Gold - Phoenix | 11,100 | 11,400 |
| 916 Gold (22K) | 10,157 | 10,407 |
| 610 Gold (14.6K) | 6,189 | 6,939 |
| 650 Gold (15.6K) | 6,643 | 7,393 |
| 680 Gold (16.3K) | 6,983 | 7,733 |
| 375 Gold (9K) | 3,521 | 4,271 |
| 333 Gold (8K) | 3,011 | 3,761 |
| 3.SJC- Updated: 17/5/2025 15:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 115,500▼200K | 118,200▼200K |
| SJC gold 5 chi | 115,500▼200K | 118,220▼200K |
| SJC gold 0.5 chi, 1 chi, 2 chi | 115,500▼200K | 118,230▼200K |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 111,000▼700K | 114,000▼700K |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 111,000▼700K | 114,100▼700K |
| 99.99% jewelry | 111,000▼700K | 113,400▼700K |
| 99% Jewelry | 107,777▼693K | 112,277▼693K |
| Jewelry 68% | 70,769▼476K | 77,269▼476K |
| Jewelry 41.7% | 40,942▼291K | 47,442▼291K |
World gold price today May 17, 2025 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 3:30 p.m. today, Vietnam time, was 3,207.55 USD/ounce. Today's gold price decreased by 11.32 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,110 VND/USD), the world gold price is about 101.75 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 16.45 million VND/tael higher than the international gold price.
The world gold price has fallen nearly 10% from its record peak of more than 3,500 USD/ounce in April. The main reason is that the US and China have shown signs of thawing the trade war, making investors less worried and no longer rushing to buy gold as a safe haven asset.
By the end of the week, the world spot gold price was just below 3,200 USD/ounce, recording the sharpest decline in the past half year. The US and China's temporary suspension of retaliatory tariffs has made the market more optimistic, with money flowing to riskier investment channels instead of gold.
The US dollar and international stock markets also rose slightly, making gold less attractive. In addition, the US's imminent nuclear deal with Iran also helped ease geopolitical tensions, a factor that had previously pushed gold prices higher.
Gold prices fell sharply but are still expected to rise again
According to Ricardo Evangelista, an analyst at ActivTrades, the current geopolitical environment is more stable and the US has also reduced its tough trade measures, making investors no longer favor gold as before. However, the situation can still change unexpectedly and the risks in the market are still very high. Therefore, it is too early to say that gold prices have peaked and will not increase anymore.
Despite the fall in gold prices, many experts remain optimistic about the long-term prospects of the precious metal. Factors such as central bank demand, inflation and the possibility of future US interest rate cuts could continue to support gold prices.
According to Nitesh Shah, commodity strategist at WisdomTree, gold prices are likely to continue to rise rather than fall in the near future. The reason is that demand for gold from central banks and Chinese investors remains very strong and shows no signs of weakening.
Data from the World Gold Council shows that in April, money flowing into gold ETFs (investment funds that buy physical gold) reached the highest level since March 2022, with funds listed in China leading the trend. Notably, the People's Bank of China (PBOC) continued to buy gold for its reserves in April, marking the sixth consecutive month of increasing its holdings of this precious metal.
Ole Hansen, head of commodity strategy at Saxo Bank, said the recent correction in gold prices has been tempered by steady buying demand from central banks. "If economic data shows that tariffs are having a negative impact, the Federal Reserve may have to cut interest rates. This will not only support gold but also cause investors to flock to gold as a safe haven," he added.
Thus, although gold prices are undergoing a correction phase, many fundamental factors are still supporting the long-term price outlook. Demand from large financial institutions and the global economic situation will likely continue to be the main drivers pushing gold prices higher in the coming time.
Worsening US economic data, opportunity for gold prices to rise
The latest data released this week showed that the US economy showed signs of slowing in April. Producer prices fell, industrial output contracted and retail sales grew more slowly. These signals have many people worried about the growth prospects of the US economy.
Given this situation, the market is expecting the US Federal Reserve (Fed) to cut interest rates at least twice this year, starting in September. This is good news for gold, as gold prices tend to rise in low-interest-rate environments. When interest rates fall, other investment channels such as bonds become less attractive, causing investors to turn to gold as a safe option.
"In the long term, we remain optimistic about the gold price outlook. Geopolitical tensions are unlikely to disappear completely, real interest rates are expected to fall, the US dollar is likely to weaken and central banks are still buying gold strongly," said Giovanni Staunovo, an analyst at UBS. These factors are all important drivers that can push gold prices higher in the near future.
