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

Domestic gold price today May 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:

DOJI Group listed the price of SJC gold bars at 116.8-119.3 million VND/tael (buy - sell), the price remained 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 in the buying direction - down 500 thousand VND/tael in the selling direction 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 May 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 following new developments in the Russia-Ukraine peace negotiations as well as the US tariff policy.

Specifically, spot gold prices increased by 0.2%, gold futures prices 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 firm 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 to seek 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 the volatile market situation. Several statements from the Fed are expected to be released during the day, giving the market a clearer view of the economic outlook and the path of monetary policy. Currently, the market expects the Fed to cut interest rates by at least 54 basis points this year, with the first reduction likely to take place in October.

According to Carlo Alberto De Casa, an analyst at Swissquote, gold prices are consolidating support around $3,200/ounce. If they can maintain 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, the gold market is currently in balance between buyers and sellers. However, the uptrend is weakening. If buyers want to push the price higher, the immediate target is to push the price above the $3,350/ounce mark.

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

In its latest report, Goldman Sachs maintained its optimistic forecast for gold prices. The bank believes that gold could reach $3,700 an ounce by the end of this year and reach $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 USD/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 USD/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 has remained steady despite the fall in prices in May. People are buying gold bars, coins and other gold products for investment purposes, indicating that confidence in gold remains strong. Kavita Chacko of the World Gold Council said that despite ETF outflows and uneven festival buying in April, gold imports remained relatively stable.

The weakening of the US dollar continues to be a key support factor 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.

Investor risk appetite is gradually returning, but policy and trade uncertainties remain high, said Benjamin Hoff, an expert at Societe Generale. In particular, the 90-day tariff truce between the US and China will end in early August, further increasing market uncertainty. In that context, gold prices are likely to continue their upward trend in the short term.