Gold price today May 21, 2025: Domestic gold price and world gold price may increase sharply to exceed 120 million VND

Domestic gold price today 5/21/2025

At the time of survey at 4:30 a.m. on May 21, 2025, domestic gold prices were holding at a high level compared to yesterday. Specifically:

The price of SJC gold bars listed by DOJI Group is at 116.8-119.3 million VND/tael (buy - sell), the price remains unchanged 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 116.8-119.3 million VND/tael (buy - sell), the price remained unchanged 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 117.5-119 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 116.8-119.3 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 116.3-119.3 million VND/tael (buy - sell), gold price is 116.3-119.3 million VND/tael (buy - sell), gold price is unchanged 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 111.5-114 million VND/tael (buy - sell); the price remains unchanged at the buying price - down 500 thousand VND/tael at the selling price compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 113.8-116.8 million VND/tael (buy - sell); down 400 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 21, 2025 is as follows:

World gold price today 5/21/2025 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 3,222.37 USD/ounce. Today's gold price increased by 9.12 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,140 VND/USD), the world gold price is about 104.43 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 14.87 million VND/tael higher than the international gold price.

World gold prices recorded a slight increase, thanks to the depreciation of the USD. Meanwhile, investors are closely monitoring new developments in the Russia-Ukraine peace negotiations as well as the US tariff policy.

Specifically, spot gold prices increased by 0.2%, while gold futures in the US also increased by 0.2%, reaching 3,239.4 USD/ounce. The USD weakened by 0.2% against other currencies, making gold cheaper for investors using other foreign currencies.

Optimism around the US-China trade war and renewed hopes for a peace process between Russia and Ukraine are attracting the attention of gold traders, according to Ricardo Evangelista, senior analyst at brokerage ActivTrades. US President Donald Trump said Russia and Ukraine would soon begin ceasefire talks, a move that could impact market sentiment and reduce demand for safe-haven gold.

In addition, China’s central bank cut a key interest rate to stimulate the economy after the release of poor economic data on Monday. Similarly, Australia’s central bank also cut interest rates, indicating that major economies are showing signs of slowing, further reinforcing the sentiment of seeking safe assets such as gold.

He also said that despite Moody's downgrading the US credit rating from "Aaa" to "Aa1" last Friday, the market did not seem to react too strongly. A reduction in risk orientation usually causes gold prices to fall, but the prolonged uncertainty has limited the decline.

Federal Reserve officials are cautiously assessing the impact of the downgrade and volatile markets. Several Fed statements are expected later in the day, giving markets a clearer picture of the economic outlook and the path of monetary policy. The market currently expects the Fed to cut interest rates by at least 54 basis points this year, with the first reduction likely to come in October.

According to Carlo Alberto De Casa, an analyst at Swissquote, gold prices are consolidating support around $3,200/ounce. If they can stay above this level, gold could continue to recover in the coming time.

Besides gold, silver price increased 0.4% to 32.48 USD/ounce, platinum increased sharply by 1.4% to 1,011.53 USD, while palladium also increased slightly by 0.4% to 978.33 USD.

Gold Price Forecast

Technically, both bulls and bears are in balance in the gold market at the moment. However, the uptrend is weakening. If bulls want to push the price higher, the immediate target is to push the price above $3,350/ounce.

Conversely, if prices fall below the key support level at $3,123.30 an ounce, the May low, the downside could become more pronounced. The nearest support levels are currently around $3,207 to $3,200 an ounce, while resistance is at $3,252 and $3,300 an ounce.

In its latest report, Goldman Sachs maintained its bullish forecast for gold prices. The bank believes that gold could reach $3,700 an ounce by the end of this year and $4,000 an ounce by mid-2026. This forecast is maintained even as the US Federal Reserve (FED) continues to delay interest rate cuts and the risk of a US recession shows signs of easing.

ANZ Bank believes that the price of $3,200/ounce is acting as an important technical support level. However, if the gold price falls below this level, the market is likely to witness a deep decline to the range of $3,000–3,145/ounce. However, major financial institutions still believe that the gold price uptrend is not over.

Expert Nikos Tzabouras from the trading platform Tradu.com commented that the appeal of gold as a safe haven asset has increased rapidly again, especially in the context of concerns about the huge US public debt.

In India, consumer demand for gold remained steady despite the fall in prices in May. People in the country are prioritizing buying gold bars, coins and gold products for investment, indicating that confidence in gold remains strong. Kavita Chacko of the World Gold Council said that despite April seeing ETF outflows and uneven festival buying, gold imports remained fairly steady.

The weakening of the US dollar continues to be a major support for gold prices. As the dollar depreciates, gold becomes more attractive to investors using other currencies, thereby increasing demand. At the same time, in an uncertain economic environment, gold is also considered an effective tool to preserve assets.

Benjamin Hoff, an expert from Societe Generale, said that investors' risk-on sentiment is gradually returning, but policy and trade uncertainties remain high. In particular, the 90-day tariff suspension between the US and China will end in early August, which further increases market uncertainty. In that context, gold prices are likely to continue their upward trend in the short term.