Gold price today May 9, 2025: Domestic and world gold prices dropped sharply by nearly 2 million VND

Domestic gold price today May 9, 2025

At the time of survey at 4:30 a.m. on May 9, 2025, domestic gold prices fell sharply. Specifically:

DOJI Group listed the price of SJC gold bars at 118.5-120.5 million VND/tael (buy - sell), a decrease 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 118.5-120.5 million VND/tael (buy - sell), a decrease 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 119.5-120.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 700 thousand VND/tael for both buying and selling - decreased by 1.2 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 118.3-120.5 million VND/tael (buy - sell), the price decreased by 1.9 million VND/tael in buying - decreased by 1.7 million VND/tael in selling compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117.5-120.5 million VND/tael (buy - sell), gold price decreased 1.2 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 114-116.5 million VND/tael (buy - sell); down 1.5 million VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116.5-119.5 million VND/tael (buy - sell); down 1 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 9, 2025 is as follows:

World gold price today May 9, 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 3,355.89 USD/ounce. Today's gold price decreased by 38.92 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,150 VND/USD), the world gold price is about 106.94 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 13.56 million VND/tael higher than the international gold price.

World gold prices fell slightly as the market waited for US President Donald Trump to announce a trade agreement between the US and the UK.

Specifically, spot gold prices fell 1.15% despite having increased 1% earlier in the session. Meanwhile, US gold futures also fell 0.7% to $3,368.50.

Gold prices are currently volatile due to short-term investors buying and selling based on news, according to Jeffrey Christian, managing partner of CPM Group. He predicts that gold prices could fluctuate between $3,050 and $3,500 in the long term.

On the social network Truth Social, Mr. Trump announced that he would hold a press conference in the Oval Office to announce "a major trade deal with a reputable country." Previously, the New York Times reported that the US and the UK were about to launch this agreement.

Gold is often seen as a safe haven against geopolitical uncertainty, and prices have risen more than $300 since Mr. Trump first imposed trade tariffs. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet China’s top economic official on Saturday in Switzerland.

Another factor affecting gold prices is the People's Bank of China allowing commercial banks to buy foreign currency to import gold under new quotas. This could theoretically push gold prices up due to increased demand from China, but for now, tariffs are still dominating the market, according to Zain Vawda, an analyst at MarketPulse.

Regarding monetary policy, the US Federal Reserve (Fed) kept interest rates unchanged but warned of rising inflation and unemployment risks due to the impact of tariff measures.

Meanwhile, silver prices rose 0.2% to $32.52 an ounce, platinum rose 1% to $984.15 and palladium also edged up 0.2% to $973.92.