Gold price today May 14, 2025: Domestic gold price and world gold price increased again by millions of dong

Domestic gold price today May 14, 2025

At the time of survey at 4:30 a.m. on May 14, 2025, the domestic gold price increased again by more than 1 million VND compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 118.5-120.5 million VND/tael (buy - sell), an increase of 1.3 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 118.5-120.5 million VND/tael (buy - sell), the gold price increased by 1.3 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 118.5-120.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 1.3 million VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118.5-120.5 million VND/tael (buy - sell), an increase of 1.3 million VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117.5-120.5 million VND/tael (buy - sell), gold price increased 1.3 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 113-115.5 million VND/tael (buy - sell); the price increased by 500,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116-119 million VND/tael (buy - sell); an increase of 1 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 14, 2025 is as follows:

World gold price today May 14, 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 3,227.7 USD/ounce. Today's gold price decreased by 14.74 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,140 VND/USD), the world gold price is about 102.8 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 17.7 million VND/tael higher than the international gold price.

The world gold price decreased slightly by 0.45% during the day, but the gold price is still moving sideways within a narrow range. Positive signals from the US-China trade negotiations and tax reductions in the next 90 days are having a greater impact on market sentiment than economic factors.

Yesterday’s sharp decline was due to the market reacting to the news that the US and China had reached a trade deal. However, import tariffs on Chinese goods remain at 30%, which could be detrimental to the economy, according to Bart Melek, commodity strategist at TD Securities.

World gold prices continue to receive support above $3,200/ounce and gold prices may increase slightly today thanks to weak inflation data, creating conditions for the Federal Reserve (Fed) to cut interest rates to support the US economy that is showing signs of slowing down.

Newly released data showed that the US consumer price index (CPI) increased 2.3% year-on-year in April, down slightly from 2.4% in March. Core inflation (excluding food and energy prices) remained unchanged at 2.8%. This figure was in line with market expectations and did not cause much volatility, although the US stock index increased slightly.

According to experts, this inflation report is quite favorable for gold prices because it is not high enough for the Federal Reserve (Fed) to delay cutting interest rates. Financial markets expect the Fed to start easing monetary policy in September.

In 2025, gold prices set new records several times due to concerns about an economic recession following former US President Donald Trump's tax hikes, strong buying demand from central banks, geopolitical tensions and money flowing into gold ETFs.

Meanwhile, silver prices edged up 0.1% to $32.62 an ounce, platinum rose 1.4% to $989.95 and palladium also rose 0.2% to $947.24.

Gold price forecast

According to Adrian Ash, Research Director at BullionVault, the gold price has recently reacted very sensitively to statements and actions from the White House. This causes the gold price to constantly reverse every time US President Donald Trump changes his stance, especially on issues related to trade or financial policy.

Mr. Ash commented that, in the context of a rather optimistic market, the possibility of gold recovering strongly is not high. Only when the current positive sentiment gradually weakens, will gold prices have a chance to regain momentum. Currently, trends in other markets such as stocks and the USD do not support this precious metal.

Kitco Metals expert Jim Wyckoff also said that the bulls in the June gold futures market have now lost their near-term technical advantage. To regain momentum, gold prices need to close above the strong resistance level at $3,350/ounce. In the short term, the two levels to watch are $3,250 and $3,275.

Nitesh Shah, WisdomTree's head of European macroeconomic and commodity research, said the next big risk to the economy lies not only in trade tensions, but also in US monetary policy and the independence of the Federal Reserve (FED).

If President Trump seeks to replace FED Chairman Jerome Powell, this could raise market doubts about the central bank's independence, thereby increasing demand for safe-haven gold, causing prices to rise.

In its latest forecast, Mr. Shah's model sets a base case for gold prices to reach $3,610 an ounce in the first quarter of 2026. However, with a series of uncertainties in financial markets, the risk factors are now tilted toward the possibility of gold prices rising.

On the other hand, in the worst-case scenario, Mr. Shah believes that gold prices could fall to $2,700/ounce. However, the current price decline scenarios are mild and not worrying compared to the possibility of a sharp increase. In a volatile market context, gold is still a necessary strategic asset, helping investors minimize risks.