Gold price on May 13, 2025: Domestic and world gold prices increased slightly again

Domestic gold price today 5/13/2025

At the time of survey at 4:30 p.m. on May 13, 2025, the domestic gold price increased slightly again by more than 1 million VND. Specifically:

DOJI Group listed the price of SJC gold bars at 118.5-120.5 million VND/tael (buy - sell), an increase of 1.3 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), the gold price increased by 1.3 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 119-120.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 1.8 million VND/tael for buying and 1.3 million VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118.5-120.5 million VND/tael (buy - sell), the price increased by 1.3 million VND/tael in both buying and selling directions 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 increased by 1.3 million VND/tael in both buying and selling directions compared to yesterday.

As of 4:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 113-115.5 million VND/tael (buy - sell); the price increased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116-119 million VND/tael (buy - sell); an increase of 1 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 13, 2025 is as follows:

World gold price today May 13, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 2:30 p.m. today, Vietnam time, was 3,260.03 USD/ounce. Today's gold price increased by 13.42 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,140 VND/USD), the world gold price is about 103.83 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 16.64 million VND/tael higher than the international gold price.

Gold prices have started to rise again after hitting their lowest level in more than a week yesterday. The initial reason for the decline in gold prices was that the agreement to reduce tariffs between the US and China increased investors' interest in riskier assets, making gold less attractive.

Specifically, spot gold prices increased by 0.41%, after falling 2.7% in the previous trading session. Meanwhile, gold futures prices in the US also increased by 1%, reaching 3,258.7 USD/ounce.

After two days of negotiations in Geneva, the US and China announced plans to cut tariffs over the next three months. Specifically, the US reduced tariffs on Chinese goods from 145% to 30%, while China also reduced import tariffs on US goods from 125% to 10%. This immediately boosted global stock markets.

Some investors are buying gold at current levels, supporting prices despite a more positive global growth outlook due to improved US-China relations, said Tim Waterer, market analyst at KCM Trade. In addition, a stable US dollar has also helped gold prices rise slightly.

The pause in tariff hikes reduces the likelihood that the Fed will have to cut interest rates to counter a recession, said Adriana Kugler, a member of the US Federal Reserve. Investors are now waiting for the US Consumer Price Index (CPI) report, due later in the day, for further clues on the Fed's monetary policy path.

The market expects the Fed to cut interest rates by a total of 0.55% this year, starting in September. Mr. Waterer commented that if inflation data is lower than expected, the USD could weaken, creating momentum for gold prices to increase.

Besides gold, silver increased 1.5% to 33.10 USD/ounce, platinum increased 1.2% to 987.85 USD and palladium also increased 0.6% to 950.95 USD.

Gold Price Forecast

Gold prices are very sensitive to moves from the White House, so it will be difficult for prices to increase sharply without a major change in market sentiment, according to Adrian Ash, director of research at BullionVault.

Currently, trends in other markets such as stocks and the US dollar contribute to reducing the attractiveness of gold, making gold more expensive for international investors. Expert Jim Wyckoff said gold is losing its short-term technical advantage and needs to overcome the $3,350/ounce mark to establish an uptrend again.

Meanwhile, Citi bank predicts that gold prices will continue to fluctuate in the range of 3,000 - 3,300 USD in the short term and adjusts its gold price target in the next 0-3 months to 3,150 USD.

Nitesh Shah, director of European macroeconomic and commodity research at WisdomTree, said the next big risk to the economy lies not only in trade tensions, but also in US monetary policy and the independence of the Federal Reserve (FED).

If President Trump seeks to replace Fed Chairman Jerome Powell, this could raise market doubts about the central bank's independence, thereby increasing demand for safe-haven gold.

In its latest forecast, Mr. Shah’s model puts the base case for gold prices at $3,610 an ounce in the first quarter of 2026. However, with a series of uncertainties in financial markets, the risk factors are now tilted toward the possibility of gold prices rising.

On the other hand, in the worst-case scenario, Mr. Shah believes that gold could fall to $2,700/ounce. The current scenarios for gold price declines are mild and not worrisome compared to the possibility of a sharp increase. In a volatile market, gold is still a necessary strategic asset, helping investors minimize risks.