Gold price on May 18, 2025: Domestic and world gold prices had a sharp decline this week, buyers suffered heavy losses of up to 6.5 million
Gold price on the afternoon of May 18, 2025: Domestic gold prices and world gold prices had a week of sharp declines, falling below the important milestones of 120 million and 3,200 USD. Gold buyers who traded gold last week lost up to 6.5 million VND/tael due to the high difference between buying and selling.
Domestic gold price today May 18, 2025
At the time of survey at 2:30 p.m. on May 18, 2025, the domestic gold price remained unchanged compared to yesterday, but decreased sharply compared to last week. Specifically:
The price of SJC gold bars was listed by DOJI Group at 115.5-118.5 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday but decreased sharply by 4.5 million VND/tael for buying - decreased by 3.5 million VND/tael for selling compared to the closing price of the previous trading session.
At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 115.5-118.5 million VND/tael (buy - sell), the gold price remained unchanged in both buying and selling directions compared to yesterday. The gold price decreased by 4.5 million VND/tael for buying - decreased by 3.5 million VND/tael for selling compared to the end of last week.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 116.7-118.2 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions. Compared to the end of last week, the gold price decreased by 3.8 million VND/tael for both buying and selling directions.
SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 115.5-118.5 million VND/tael (buying - selling), the price remained unchanged in both buying and selling directions compared to yesterday. Gold price decreased by 4.5 million VND/tael for buying - decreased by 3.5 million VND/tael for selling compared to last week.
SJC gold price in Phu Quy is traded by businesses at 115-118.5 million VND/tael (buying - selling), gold price is unchanged in both buying and selling directions compared to yesterday. Gold price decreased by 4 million VND/tael for buying - decreased by 3.5 million VND/tael for selling compared to last week.
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As of 2:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 111-114 million VND/tael (buy - sell); the price has not changed in both buying and selling directions compared to yesterday; the price decreased by 3.5 million VND/tael for buying - decreased by 3 million VND/tael for selling compared to the end of last week.
Bao Tin Minh Chau listed the price of gold rings at 114-117 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday; down 3 million VND/tael in both buying and selling directions compared to last week.
The latest gold price list today, May 18, 2025 is as follows:
| Gold price today | May 18, 2025 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 115.5 | 118.5 | - | - |
| DOJI Group | 115.5 | 118.5 | - | - |
| Mi Hong | 116.7 | 118.2 | - | - |
| PNJ | 115.5 | 118.5 | - | - |
| Vietinbank Gold | 118.5 | - | ||
| Bao Tin Minh Chau | 115.5 | 118.5 | - | - |
| Phu Quy | 115 | 118.5 | - | - |
| 1.DOJI- Updated: 18/5/2025 14:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Domestic gold price | Buy | Sell |
| AVPL/SJC HN | 115,500 | 118,500 |
| AVPL/SJC HCM | 115,500 | 118,500 |
| AVPL/SJC DN | 115,500 | 118,500 |
| Raw material 9999 - HN | 108,200 | 111,500 |
| Raw materials 999 - HN | 108,100 | 111,400 |
| 2.PNJ- Updated: 18/5/2025 14:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 999.9 gold bar | 11,550 | 11,850 |
| PNJ 999.9 Plain Ring | 11,100 | 11,400 |
| Kim Bao Gold 999.9 | 11,100 | 11,400 |
| Gold Phuc Loc Tai 999.9 | 11,100 | 11,400 |
| 999.9 gold jewelry | 11,100 | 11,350 |
| 999 gold jewelry | 11,089 | 11,339 |
| 9920 gold jewelry | 11,019 | 11,269 |
| 99 gold jewelry | 10,997 | 11,247 |
| 750 Gold (18K) | 7,778 | 8,528 |
| 585 Gold (14K) | 5,905 | 6,655 |
| 416 Gold (10K) | 3,987 | 4,737 |
| PNJ Gold - Phoenix | 11,100 | 11,400 |
| 916 Gold (22K) | 10,157 | 10,407 |
| 610 Gold (14.6K) | 6,189 | 6,939 |
| 650 Gold (15.6K) | 6,643 | 7,393 |
| 680 Gold (16.3K) | 6,983 | 7,733 |
| 375 Gold (9K) | 3,521 | 4,271 |
| 333 Gold (8K) | 3,011 | 3,761 |
| 3.SJC- Updated: 18/5/2025 14:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 115,500 | 118,200 |
| SJC gold 5 chi | 115,500 | 118,220 |
| SJC gold 0.5 chi, 1 chi, 2 chi | 115,500 | 118,230 |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 111,000 | 114,000 |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 111,000 | 114,100 |
| 99.99% jewelry | 111,000 | 113,400 |
| 99% Jewelry | 107,777 | 112,277 |
| Jewelry 68% | 70,769 | 77,269 |
| Jewelry 41.7% | 40,942 | 47,442 |
World gold price today May 18, 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 3,202.77 USD/ounce. Today's gold price decreased by 38.1 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,110 VND/USD), the world gold price is about 101.88 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 16.32 million VND/tael higher than the international gold price.
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This week, the world gold price has sharply decreased. The spot gold price on the Kitco floor in New York closed the week at 3,202.77 USD/ounce, down 1.18% compared to the beginning of the week. Notably, on May 15, the price fell to the lowest level of 3,127 USD/ounce, showing great selling pressure.
Compared to the record peak of 3,500 USD/ounce set on April 22, the world gold price has decreased by nearly 9.4%, equivalent to about 300 USD/ounce. However, since the beginning of 2025 until now, gold has still increased by more than 22.9% compared to the level of 2,625 USD/ounce at the beginning of the year.
In Vietnam, the domestic gold price has also decreased following the international trend. However, the domestic SJC gold bar price is still about 16 million VND/tael higher than the converted world gold price. This large difference continues to exist in the domestic market.
This price drop is mainly due to many factors. The agreement between the US and China to temporarily reduce tariffs has cooled down the anxiety, thereby reducing the demand for gold to hedge against risks. Investors are still cautious because they are worried that this is only a short-term strategy. If after 90 days of negotiations there is no result, the risk of a resurgence of trade conflicts still exists.
In addition, the vibrant global stock market also sucked money away from gold. Money in the market is clearly shifting to risky assets such as stocks and cryptocurrencies. Bitcoin price has surpassed the $103,000 mark, while US and European stocks have increased sharply thanks to optimistic sentiment, making gold less attractive.
Meanwhile, the rising US dollar also put pressure on gold. The greenback's DXY index rose from 99 to 101 points, reflecting the currency's recovery.
In addition, positive economic data from the US such as cooling inflation and a stable economy have reduced expectations that the Fed will soon cut interest rates. This has made investors less interested in gold.
Finally, after the sharp increase in gold prices last month, profit-taking by investors was also one of the main reasons for this correction wave.
Gold price forecast for next week, the world gold price may continue to be under downward pressure due to investors' increasing profit taking and increased risk appetite. The important support level of gold is currently in the range of 3,100 - 3,200 USD/ounce. However, factors such as geopolitical instability, demand for gold from central banks and the risk of inflation due to the policies of the Donald Trump administration may help gold prices recover in the medium and long term.
In Vietnam, the domestic gold price is forecast to continue to be affected by the international market next week. However, the large gap between domestic and world gold prices can be narrowed if the State Bank tightens management of the gold market.
