Gold price today May 13, 2025: Domestic gold price and world gold price dropped sharply to a record of nearly 3 million VND

Domestic gold price today May 13, 2025

At the time of survey at 4:30 a.m. on May 13, 2025, domestic gold prices increased slightly compared to the beginning of last week. Specifically:

DOJI Group listed the price of SJC gold bars at 117.2-119.2 million VND/tael (buy - sell), a decrease of 2.8 million 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 117.2-119.2 million VND/tael (buy - sell), the gold price decreased by 2.8 million 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 117.2-119.2 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 3.3 million VND/tael for buying and 2.8 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 117.2-119.2 million VND/tael (buy - sell), a decrease of 2.8 million VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 116.2-119.2 million VND/tael (buy - sell), gold price decreased 2.8 million VND/tael in both buying and selling directions compared to yesterday.

As of 4:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 112.5-115 million VND/tael (buy - sell); the price decreased by 2 million VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115-118 million VND/tael (buy - sell); down 2 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 13, 2025 is as follows:

World gold price today May 13, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 am today, Vietnam time, was 3,242.44 USD/ounce. Today's gold price decreased by 86.4 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,140 VND/USD), the world gold price is about 103.27 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 15.93 million VND/tael higher than the international gold price.

World gold prices fell more than 2% after the US and China announced a temporary agreement to reduce import tariffs. This agreement improved risk sentiment in the market, causing safe-haven flows to withdraw from gold.

Specifically, spot gold prices fell 2.6%, US gold futures also fell 3%, down to 3,244.2 USD/ounce. Previously, last month, gold had set a record high of 3,500.05 USD/ounce due to concerns about increasing trade tensions.

The main reason for the record drop in gold prices was a shift in investor sentiment toward riskier assets. This development followed positive news over the weekend that the US and China were improving trade relations. The two countries agreed to cut most tariffs on each other's goods within 90 days, opening up hopes of easing tensions between the world's two largest economies.

The dollar index (.DXY) rose more than 1% against other currencies, making gold more expensive for foreign investors. "Gold prices may continue to fall due to the strengthening dollar and easing geopolitical risks. In the short term, gold prices may fall to $3,200 an ounce," said Jigar Trivedi, senior commodities analyst at Reliance Securities.

Along with that, Asian and European stock markets all recorded increases in the trading session last night. In the US, stock indexes are also forecast to open in the green in New York. Crude oil prices on the Nymex floor also soared to around $63.25/barrel. The yield on 10-year US government bonds is currently at 4.457%. Experts say gold has lost its short-term technical advantage after this decline.

The market is awaiting important economic data this week, including the US consumer price index (CPI), producer price index (PPI) and retail sales. These data will provide clues on the Fed's monetary policy in the coming time.

Besides gold, other precious metals also fell in price. Spot silver lost 0.2% to $32.64 an ounce. Platinum fell 1.7% to $977.77 an ounce, while palladium fell 1.6% to $960 an ounce.

Gold price forecast

Technically, investors betting on gold for June delivery have lost their short-term advantage. If gold is to rise again, it needs to overcome strong resistance at $3,350 an ounce.

Conversely, bears are aiming to push prices below technical support around $3,200. Immediate resistance levels are $3,250 and $3,275, while the nearest support is at the May low of $3,209.40. The Wyckoff Market Rating Index is currently neutral: 5.0.

Jigar Trivedi, an expert at Reliance Securities, said that gold prices are under pressure due to the strengthening of the US dollar. The reason is that the Trump administration has continuously sent positive signals after the recent trade negotiations in Switzerland, causing demand for shelter to weaken.

Mr. Trivedi said that in the short term, this trend may continue. The stronger USD and the less tense geopolitical situation have made gold lose its appeal. According to him, the price of gold may fall to 3,200 USD/ounce in the near future.

On the US central bank side, Ms. Beth Hammack, President of the FED branch in Cleveland, said that the FED still needs more time to fully assess the impact of policies, especially the tariffs that Mr. Trump has issued, before making an appropriate response.

FxPro expert Alex Kuptsikevich noted that the recent surge to $3,500 an ounce has triggered a wave of selling in the gold market. According to him, this week's gold price movement is quite similar to the pattern of last April, possibly due to seasonal factors.

Last year, gold prices spent three months consolidating before recovering, but this time, he said the most optimistic scenario is for prices to go sideways. In the negative scenario, gold prices could fall as low as $2,800 an ounce before the end of the year.