Gold price today May 19, 2025: Domestic and world gold prices today may increase but gold prices this week are forecast to continue to decrease

Domestic gold price today May 19, 2025

At the time of survey at 4:30 a.m. on May 19, 2025, domestic gold prices experienced a sharp decline for a week. Specifically:

The price of SJC gold bars was listed by DOJI Group at 115.5-118.5 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday but decreased sharply by 4.5 million VND/tael for buying - decreased by 3.5 million VND/tael for selling compared to the beginning of the trading session last week.

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 remained unchanged in both buying and selling directions compared to yesterday. The gold price decreased by 4.5 million VND/tael for buying - decreased by 3.5 million VND/tael for selling compared to the beginning of last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 117.5-118.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 800 thousand VND/tael for buying and increased by 300 thousand VND/tael for selling. Compared to the beginning of last week, the gold price decreased by 4 million VND/tael for buying and decreased by 3.5 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 115.5-118.5 million VND/tael (buying - selling), the price remained unchanged in both buying and selling directions compared to yesterday. Gold price decreased by 4.5 million VND/tael for buying - decreased by 3.5 million VND/tael for selling compared to last week.

SJC gold price in Phu Quy is traded by businesses at 115-118.5 million VND/tael (buying - selling), gold price is unchanged in both buying and selling directions compared to yesterday. Gold price decreased by 4 million VND/tael for buying - decreased by 3.5 million VND/tael for selling compared to last week.

As of 4:30 a.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 remains unchanged in both buying and selling directions compared to yesterday; the price decreased by 3.5 million VND/tael for buying - decreased by 3 million VND/tael for selling compared to Monday last week.

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; down 3 million VND/tael in both buying and selling directions compared to last week.

The latest gold price list today, May 19, 2025 is as follows:

World gold price today May 19, 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 3,202.77 USD/ounce. Today's gold price decreased by 38.1 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,110 VND/USD), the world gold price is about 101.88 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 16.32 million VND/tael higher than the international gold price.

Last week, the world gold price experienced a sharp decline. The spot gold price on the Kitco floor in New York closed the week at 3,202.77 USD/ounce, down 1.18% compared to the beginning of the week. Notably, on May 15, the price fell to the lowest level of 3,127 USD/ounce, showing great selling pressure.

Economist Thorsten Polleit, founder of the Boom & Bust Report, said the current gold sell-off is not surprising. He said positive signals from US-China trade negotiations and agreements reached by Mr. Trump during his visit to the Middle East are helping to ease concerns about an economic recession in the US.

Polleit said the improving US economic outlook will continue to put downward pressure on gold prices in the short term. However, he said this is a natural correction and not a reason for investors to worry too much. He predicted that gold prices could fall below $3,000 an ounce before rebounding thanks to buying pressure at low prices.

This drop in gold prices is mainly due to many factors. The agreement between the US and China to temporarily reduce tariffs has cooled down the anxiety, thereby reducing the demand for gold to hedge against risks. Investors are still cautious because they are worried that this is only a short-term strategy. If after 90 days of negotiations there is no result, the risk of a resurgence of trade conflicts still exists.

The US economy is currently showing positive signs with falling inflation and stable growth indicators. This makes many people believe that the US Federal Reserve (Fed) will maintain interest rates at 4.25-4.5% until September. The rising USD also puts pressure on gold. However, if Mr. Trump's tax policies increase inflation, the Fed may shift to a loose monetary policy, creating conditions for gold prices to increase in the medium term.

On the international front, geopolitical tensions continue to be a factor supporting gold prices. Although the situation in the Middle East has shown signs of cooling down after Mr. Trump’s trip, in which he brought back investment contracts worth $3.2 trillion from the UAE, Qatar, and Saudi Arabia, and promoted peace processes such as the Abraham Accords, demand for gold may still decline in the short term. However, the ongoing tensions between Russia and Ukraine still pose a risk of causing gold prices to rebound if the situation worsens.

Central bank demand for gold remains strong, particularly from China, Russia and India. However, flows into gold ETFs showed signs of slowing in May as risk appetite increased. Some physical flows left London while New York ETFs saw net buying again. This divergence reflects mixed sentiment but is not strong enough to change the short-term downtrend in gold prices.

Market flows are clearly shifting towards risk assets such as stocks and cryptocurrencies. Bitcoin has surpassed the $103,000 mark, while US and European stocks have risen sharply thanks to optimism. In contrast, gold and safe-haven assets such as US Treasury bonds have been sold. However, if new geopolitical or trade uncertainties arise, gold could become a safe haven once again.

Gold prices may increase slightly today after Moody's downgrades US credit rating

According to Kitco News, one of the world's largest credit rating agencies, Moody's, decided to downgrade the US national credit rating from Aaa to Aa1, citing rising interest costs and increasingly unmanageable public debt. However, they maintained a stable outlook instead of a negative rating as before.

Notably, this decision was made in the context of the US government implementing austerity measures under the supervision of Tesla CEO Elon Musk. Although Musk initially promised to cut up to $2 trillion in spending, in reality, the savings amounted to less than $100 billion.

Moody's also expressed pessimism about the US's ability to control spending in the future. They said that the US administration and Congress have repeatedly failed to come up with solutions to reduce the budget deficit and limit the burden of interest payments.

The market has not yet reacted much to this information because the announcement time falls on the weekend. However, the world gold price has increased strongly, surpassing the threshold of 3,200 USD/ounce. Meanwhile, US bond yields increased slightly and stock indexes fluctuated without a clear trend, showing investors' cautious sentiment.

Domestic gold prices often fluctuate up and down according to world gold prices. The impact of Moody's downgrade of the US national credit rating will still affect gold prices at the opening hours this morning, and it is likely that domestic gold prices will increase sharply again.

Ole Hansen, head of commodity strategy at Saxo Bank, said he is taking a wait-and-see approach with gold, as the market is currently caught between two opposing forces. Despite the recent correction, the key fundamentals remain intact.

Central banks continue to buy gold, geopolitical risks remain, sovereign debt is high and the need to hedge against inflation remains. These factors will continue to support gold prices in the long term, although the market may need time to consolidate before strong upside momentum appears again.

Gold price forecast this week

The latest Kitco News Weekly Gold Survey shows that a majority of industry experts expect gold prices to continue falling this week. Of the 16 experts who participated, only two, or 12.5%, see prices rising. Meanwhile, 10, or 62.5%, see prices falling, while four see prices moving sideways.

Adrian Day, chairman of Adrian Day Asset Management, said gold prices are likely to continue to fall as the US adjusts its tax policy. However, he believes the adjustment will create attractive buying opportunities later.

Adam Button, Head of Currency Strategy at Forexlive.com, agrees that gold prices will continue to fall this week. However, he expects gold prices to find a bottom soon and stay above the $3,000/ounce mark.

Kevin Grady, President of Phoenix Futures and Options, also said that gold prices still have room to fall in the short and medium term. He predicted that when trade agreements are gradually announced, gold prices could return to the $3,000/ounce mark.

On the other hand, expert Darin Newsom from Barchart.com believes that gold prices will continue to increase in the short term if prices remain above $3,123.3/ounce. He emphasized that buying power from central banks is still an important supporting factor for gold prices.

Michael Moor, founder of Moor Analytics, said that if gold prices break above $3,148.20 an ounce, the market could enter a prolonged bull cycle. Conversely, if gold prices fall below this level, correction pressure will return.

In Vietnam, domestic gold prices continue to be influenced by the international market. However, the large gap between domestic and international prices could be narrowed if the State Bank tightens management of the gold market.

In the week from May 19 to 25, the world gold price may continue to be under downward pressure due to investors' increasing profit-taking and increased risk-on sentiment. The important support level of gold is currently in the range of 3,100-3,200 USD/ounce. However, factors such as geopolitical instability, demand for gold from central banks and the risk of inflation due to the policies of the Donald Trump administration may help gold prices recover in the medium and long term.