Gold price on May 20, 2025: Domestic and world gold ring prices decreased, SJC stood at a high level

Domestic gold price today May 20, 2025

At the time of survey at 3:00 p.m. on May 20, 2025, the domestic gold bar price increased at a high level. Specifically:

DOJI Group listed the price of SJC gold bars at 116.8-119.3 million VND/tael (buy - sell), the price remained unchanged 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 116.8-119.3 million VND/tael (buy - sell), the price remained unchanged 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 116.8-118.3 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 200 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 116.8-119.3 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 116.3-119.3 million VND/tael (buy - sell), gold price remains unchanged in both buying and selling directions compared to yesterday.

As of 3:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 111.5-114 million VND/tael (buy - sell); the price remains unchanged in the buying direction - down 500 thousand VND/tael in the selling direction compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 113.8-116.8 million VND/tael (buy - sell); down 400 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 20, 2025 is as follows:

World gold price today May 20, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 3:00 p.m. today, Vietnam time, was 3,222.37 USD/ounce. Today's gold price decreased by 13.39 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,140 VND/USD), the world gold price is about 102.62 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 16.68 million VND/tael higher than the international gold price.

World gold prices fell slightly as the USD partially recovered after the previous decline, while optimistic signals about the possibility of ceasefire negotiations between Russia and Ukraine reduced demand for safe-haven assets such as gold.

Specifically, spot gold prices fell 0.41%, while US gold futures also fell 0.6% to $3,215.6 an ounce. The US dollar rose slightly after hitting its lowest level in more than a week in the previous session, making gold more expensive for investors using other currencies.

According to Kyle Rodda, market analyst at Capital.com, the market is gradually reacting to the US credit downgrade, while expectations for the possibility of peace negotiations between Russia and Ukraine are also making gold lose its appeal. Previously, US President Donald Trump announced that the two countries would soon begin negotiations to reach a ceasefire agreement.

Gold prices, however, still received support as prices fell below the $3,200/ounce threshold. However, many analysts believe that gold could continue to fall if geopolitical tensions continue to ease and US bond yields rise due to the impact of fiscal policy.

Considered a safe haven asset in times of economic and political uncertainty, gold prices have been hitting new records this year, rising 22% since the start of the year. Moody's downgraded the US credit rating from "Aaa" to "Aa1" last weekend, which also helped support gold prices. The reason given was that US public debt and interest rates are higher than those of countries with similar ratings.

Meanwhile, the US Federal Reserve (Fed) is still carefully monitoring the impact of the credit rating downgrade as well as market fluctuations in the context of many risks in the economy. Several Fed officials are expected to speak during the day, which could provide more clues on the economic outlook and the path of monetary policy.

The market currently expects the Fed to cut interest rates by at least 54 basis points this year, with the first likely in October.

Besides gold, spot silver prices fell 0.4% to $32.23 an ounce, while platinum rose 0.8% to $1,005.45. Palladium was almost unchanged at $974.70.