Gold price today May 15, 2025: Domestic and world gold prices dropped sharply to the lowest level in the past month

Domestic gold price today May 15, 2025

At the time of survey at 4:30 a.m. on May 15, 2025, domestic gold prices decreased sharply compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 118-120 million VND/tael (buy - sell), a decrease of 500 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 118-120 million VND/tael (buy - sell), the gold price decreased by 500 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 118-119.7 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 500 thousand VND/tael for buying and 800 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118-120 million VND/tael (buy - sell), a decrease of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117-120 million VND/tael (buy - sell), gold price decreased 500 thousand 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 500 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115.5-118.5 million VND/tael (buy - sell); down 500 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 15, 2025 is as follows:

World gold price today May 15, 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 3,191.6 USD/ounce. Today's gold price decreased by 36.1 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,140 VND/USD), the world gold price is about 101.57 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 18.43 million VND/tael higher than the international gold price.

World gold prices fell after trade tensions between the US and China showed signs of easing, reducing concerns about a global economic recession. This made investors more bold with risky assets, making gold lose its appeal as a safe haven.

Specifically, spot gold prices fell sharply by 1.12% to below the $3,200/ounce mark, while last month, gold prices set a record of $3,500.05 due to concerns about the trade war. Gold futures in the US also fell slightly by 0.4% to $3,234.7/ounce.

The United States and China have agreed to a 90-day tariff truce following talks in Geneva, according to the White House and experts. The United States also plans to reduce tariffs on some low-value imports from China to 30 percent.

"After the tariff truce, the stock market rallied, causing gold to lose some of its short-term appeal. If gold falls below $3,200, it is likely to continue to $3,165," said Ole Hansen, commodity strategist at Saxo Bank.

Global stocks also rose on modest US inflation and positive trade signals, while investors now await US producer price index (PPI) data on Thursday for clues on the direction of the Federal Reserve's interest rate.

Lower-than-expected April inflation data has led markets to expect the Fed to cut interest rates by a total of 0.53% this year, starting in September. Gold is often seen as an inflation hedge and also benefits from lower interest rates as the cost of holding the metal falls.

Meanwhile, silver remained unchanged at $32.9 an ounce, platinum rose 0.7% to $994.78, while palladium was steady at $956.65.

Gold price forecast

Gold prices fell as trade tensions between the US and China eased, with investors now awaiting fresh inflation data to see if the US Federal Reserve will change its monetary policy.

Marcus Waterman of Capital Heights Investments said that while inflation is on track to decline, the pace is slower than the Fed expects. Gold therefore remains a hedge in portfolios, despite recent price volatility.

While the market has reacted positively to the news from the trade talks, there are still doubts about the sustainability of the agreements, so gold prices can still maintain their appeal as a safe-haven asset, said Quasar Elizundia, an expert at Pepperstone.

Another important factor influencing the gold price outlook is the possibility of the Fed cutting interest rates in the near future. This development will be a key factor in shaping the gold price in 2025.

However, although gold prices fell about 3% in the first session of the week due to signs of easing US-China tensions, analysts at TD Securities still maintained a positive view. They said that gold will still be well supported by the prolonged global uncertainty.

TD Securities believes that investment demand for gold remains high, especially as Western financial institutions are adjusting their asset allocation strategies and increasing their investment in gold ETFs. Meanwhile, in Asia, ETFs continue to play a key role in maintaining demand for gold.

Despite the improved market sentiment, risks still loom large in the global financial markets, said Jeffrey Roach of LPL Financial. The current trade agreements are largely temporary, making it difficult for the Fed to determine the policy direction, especially when the risk of recession has not been completely eliminated.