Gold price today May 22, 2025: Domestic and world gold prices increased to the highest level last week

Domestic gold price today May 22, 2025

At the time of survey at 4:30 a.m. on May 22, 2025, domestic gold prices were holding at a high level compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 118.5-121 million VND/tael (buy - sell), an increase of 1.7 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 118.5-121 million VND/tael (buy - sell), an increase of 1.7 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 million VND/tael for buying and 1.5 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 118.5-121 million VND/tael (buy - sell), an increase of 1.7 million VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 118-121 million VND/tael (buy - sell), gold price increased 1.7 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 112.5-115 million VND/tael (buy - sell); the price increased by 1 million VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 114.5-117.5 million VND/tael (buy - sell); an increase of 700 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 22, 2025 is as follows:

World gold price today May 22, 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 at 3,303.77 USD/ounce. Today's gold price increased by 42.76 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,140 VND/USD), the world gold price is about 105.2 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 15.8 million VND/tael higher than the international gold price.

World gold prices today rose to their highest level in more than a week, thanks to a weakening US dollar and demand for safe assets after US President Donald Trump failed to convince Republican members to support his tax cut and spending bill.

The global gold price increased slightly thanks in part to increased safe-haven demand, especially from China. According to a report from brokerage SP Angel, the demand for gold from China remains the main factor driving the gold price increase. Data showed that the country's gold imports in April increased 73% compared to the previous month, reaching 127.5 tons, the highest in 11 months.

Specifically, spot gold prices increased by 1.31%, while US gold futures also increased by 0.5% to 3,300.4 USD. Mr. Giovanni Staunovo, an analyst at UBS, said: "The market is worried about the US fiscal situation after Moody's downgraded its credit rating, and the price of 3,300 USD has attracted many investors. These concerns have caused the USD to depreciate, thereby supporting the increase in gold prices."

The dollar continued to fall to a two-week low against other currencies, making gold cheaper for foreign investors. In a closed-door meeting in Congress, Mr. Trump urged Republicans not to propose any more changes to the tax-cut bill and tighten Medicaid eligibility.

The People's Bank of China has also recently granted additional gold purchase quotas to commercial banks and encouraged insurance companies to increase their gold reserves. This is part of China's strategy to diversify its foreign exchange reserves and assets, especially when the domestic real estate market is struggling and the yuan shows signs of depreciation.

Bloomberg also reported that Chinese jewelry businesses and investors imported the most platinum in a year, as the metal's stability made it more attractive than the volatile gold market.

Investors are also closely monitoring the developments in the Russia-Ukraine peace talks as well as the progress in trade negotiations before the end of Mr. Trump’s 90-day tariff suspension. Last month, gold prices hit a new record of $3,500.05 an ounce thanks to buying demand from central banks, concerns about trade wars and strong investment flows.

Meanwhile, silver edged up 0.1% to $33.10 an ounce, while platinum also rose 0.4% to $1,057.57, while spot palladium held steady at $1,013.73 after hitting its highest since February 4.

Gold price forecast

Technically, June gold futures are in a recovery trend with the immediate target being to break above the strong resistance at $3,400/ounce. If gold corrects lower, the key support zone is around the May low, around $3,123.3/ounce.

Gold prices are currently rising quite strongly and are expected to continue to rise, especially in the context of concerns about trade tensions that have not ended. However, according to Tim Waterer of KCM Trade, if positive news about trade agreements appears, gold may have difficulty conquering the $3,500/ounce mark in the short term.

On Kitco, expert Aaron Hussein of JP Morgan Asset Management advised that investors should not rely too much on gold. Although it is a useful tool for portfolio diversification and risk hedging, gold is still highly volatile, does not provide income and is not always an effective hedge against inflation.

In the current context of many uncertainties, gold still plays an important role, as a “lifebuoy” against economic shocks, the weakening of fiat money or the trend of de-globalization. However, gold is not a comprehensive solution, because it can increase slowly in many stages.

Phillip Streible of Blue Line Futures believes that gold's current strong resistance is at $3,350 an ounce, while its minor resistance is at $3,300. He predicts prices will fluctuate between $3,150 and $3,350 an ounce in the short term.

Marex expert Edward Meir also forecasted that gold prices will continue to trade in a wide range of 3,000 to 3,500 USD/ounce until the end of the year.

On Kitco, JP Morgan CEO Jamie Dimon said the impact of the US-China trade war has not yet been fully felt and could cause the US stock market to reverse sharply lower. If this happens, gold prices are likely to rise sharply.

However, positive developments in the Middle East and Ukraine could put downward pressure on gold prices. Negotiations to end the conflict between Russia and Ukraine are accelerating. Meanwhile, in the Middle East, Donald Trump's visit has created expectations of a more positive future, especially in the fields of technology and artificial intelligence. If geopolitical tensions in these two regions ease, the demand for safe haven gold could fall rapidly.