Gold price today May 28, 2025: Domestic and world gold prices fell sharply for 3 consecutive days after a series of new economic indicators were announced.

Domestic gold price today 5/28/2025

At the time of survey at 4:30 a.m. on May 28, 2025, domestic gold prices continued to decrease sharply compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 115.8-118.3 million VND/tael (buy - sell), a decrease of 700 thousand 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 115.5-118 million VND/tael (buy - sell), a decrease of 1 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 116-118 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 1 million VND/tael for buying and 500 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 115.5-118 million VND/tael (buy - sell), the price decreased by 1 million VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 115.3-118.3 million VND/tael (buy - sell), gold price decreased 700 thousand 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 111.3-114 million VND/tael (buy - sell); the price decreased by 700 thousand VND/tael in the buying direction - decreased by 500 thousand VND/tael in the selling direction compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 113.5-116.5 million VND/tael (buy - sell); down 1.2 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 28, 2025 is as follows:

World gold price today May 28, 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 3,298.57 USD/ounce. Today's gold price decreased by 39.86 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,100 VND/USD), the world gold price is about 107.67 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 10.33 million VND/tael higher than the international gold price.

World gold prices continued to fall for the second consecutive session. The main reason was that investor sentiment became more optimistic after US President Donald Trump decided to postpone the plan to impose tariffs on imported goods from the European Union (EU).

Gold prices fell below $3,300 an ounce after the latest data showed that US consumer confidence improved better than expected this month. The Consumer Confidence Index rose to 98 in May, higher than the forecast of 87 and also higher than April's 85.7.

Gold prices fell further as the US economy showed signs of improvement. According to the US Commerce Department, orders for durable goods fell 6.3% last month, after rising 7.5% in March (adjusted data), better than economists' forecasts, which expected a decline of up to 7.6%.

Specifically, the spot gold price decreased by 1.19%. Meanwhile, the US gold futures contract also lost 2.1%, trading around $ 3,296.10 / ounce. This happened just a few days after gold had a week of increasing by nearly 5%.

Bart Melek, head of commodity strategy at TD Securities, said gold prices are volatile due to the constant news related to tax policy. According to him, the market now has a feeling that a trade deal between the US and the EU can be reached, and this is reducing demand for gold.

A phone call between Trump and European Commission President Ursula von der Leyen over the weekend sent a positive signal for trade talks. After the call, Trump announced that he would not impose the 50% tariffs he had threatened, easing market concerns about trade tensions.

Minneapolis Federal Reserve Bank President Neel Kashkari recently said the Fed should keep interest rates unchanged until it has more clarity on the impact of tariffs on inflation. Minutes of the Fed’s latest meeting are due out on Wednesday and are expected to provide further clues on the direction of monetary policy in the near term.

This week, markets will also be watching other key data such as the US first-quarter GDP estimate, jobless claims and the core PCE price index, a key inflation measure the Fed uses to adjust interest rates.

In other precious metals, silver also fell 1.2% to $32.96 an ounce. Platinum edged down 0.2% to $1,082.63, while palladium fell 0.3% to $984.50.

Gold Price Forecast

Despite the short-term correction in gold prices, Bart Melek remains positive in the long term. He believes that if the market perceives the possibility of a Fed rate cut in the future, gold prices will rise again. In a low-interest-rate environment, gold is often more attractive to investors.

The gold market is currently in a correction phase and waiting for clearer signals. According to Mr. Kelvin Wong, senior analyst for the Asia-Pacific region at OANDA, although gold prices may be under pressure in the short term, the growing US budget deficit remains a supportive factor in the long term.

Mr. Giovanni Staunovo, analyst at UBS, said that gold prices will continue to have no strong fluctuations in the coming time. The main reason is that investors are still cautiously monitoring the US trade policies and financial situation before making major decisions.

James Stanley, senior market strategist at Forex, also expressed optimism about gold's prospects, although the market may remain volatile in the short term.

“I’m still bullish,” he said, citing $3,500 as a key level for bulls to clear to pave the way for higher targets.

"If spot gold breaks above this level, we can start thinking about the possibility of approaching the $4,000 mark," Mr. Stanley emphasized.