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

Domestic gold price today 5/22/2025

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 is traded by businesses at 118.5-121 million VND/tael (buy - sell), the price increased by 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 by 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 5/22/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. 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.

Gold prices rose to their highest level in more than a week on Thursday, supported by a weaker dollar and safe-haven demand after US President Donald Trump failed to convince Republicans to back his tax and spending cuts.

Global gold prices rose slightly, partly due to increased safe-haven demand, especially from China. According to a report from brokerage SP Angel, gold demand from China remains the main factor driving up gold prices. Data showed that the country's gold imports in April increased by 73% compared to the previous month, reaching 127.5 tons, the highest in 11 months.

Specifically, the spot gold price increased by 1.31%, the gold futures price in the US 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 fell to a two-week low against other currencies, making gold cheaper for foreign investors. In a closed-door meeting in Congress, Trump urged Republicans not to propose any further 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 makes it more attractive than the volatile gold market.

Investors are also closely monitoring developments in Russia-Ukraine peace talks and developments in trade negotiations before Trump’s 90-day tariff moratorium ends. Last month, gold hit a new record of $3,500.05 an ounce, thanks to central bank demand, trade war concerns 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 Feb. 4.

Gold Price Forecast

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

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, JP Morgan Asset Management expert Aaron Hussein advised investors not to rely too much on gold. While 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 currencies 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 said that the current strong resistance level for gold is $3,350/ounce, while the minor resistance level is $3,300. He forecasts that the price will fluctuate in the range of $3,150 to $3,350/ounce in the short term.

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

On Kitco, JP Morgan CEO Jamie Dimon said the impact of the US-China trade war has yet to be 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 decline rapidly.