Gold price on May 6, 2025: Domestic gold price and world gold price increased sharply due to concerns about new tariffs
Gold price on May 6, 2025: Domestic and world gold prices increased sharply due to concerns about Mr. Trump's new tariffs and waiting for the Fed's policy meeting.
Domestic gold price today May 6, 2025
At the time of survey at 4:30 p.m. on May 6, 2025, domestic gold prices increased sharply. Specifically:
DOJI Group listed the price of SJC gold bars at 120.2-122.2 million VND/tael (buy - sell), an increase of 2.4 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 120.8-122.8 million VND/tael (buy - sell), an increase of 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 120.5-122 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 2.5 million VND/tael for buying and 2.2 million VND/tael for selling.
SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 120.2-122.2 million VND/tael (buy - sell), an increase of 2.4 million VND/tael in both buying and selling directions compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 119.8-122.8 million VND/tael (buy - sell), gold price increased 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 115.5-118 million VND/tael (buy - sell); an increase of 3 million VND/tael in both buying and selling directions compared to yesterday.
Bao Tin Minh Chau listed the price of gold rings at 117.5-120.5 million VND/tael (buy - sell); an increase of 2 million VND/tael in both buying and selling directions compared to yesterday.
The latest gold price list today, May 6, 2025 is as follows:
| Gold price today | May 6, 2025 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 120.2 | 122.2 | +2400 | +2400 |
| DOJI Group | 120.8 | 122.8 | +3000 | +3000 |
| Mi Hong | 120.5 | 122 | +2500 | +2200 |
| PNJ | 120.2 | 122.2 | +2400 | +2400 |
| Vietinbank Gold | 122.2 | +2400 | ||
| Bao Tin Minh Chau | 120.2 | 122.2 | +2400 | +2400 |
| Phu Quy | 119.8 | 122.8 | +3000 | +3000 |
| 1.DOJI- Updated: 5/6/2025 16:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Domestic gold price | Buy | Sell |
| AVPL/SJC HN | 120,800▲3000K | 122,800▲3000K |
| AVPL/SJC HCM | 120,800▲3000K | 122,800▲3000K |
| AVPL/SJC DN | 120,800▲3000K | 122,800▲3000K |
| Raw material 9999 - HN | 115,300▲3000K | 117,100▲3000K |
| Raw materials 999 - HN | 115,200▲3000K | 117,000▲3000K |
| 2.PNJ- Updated: 5/6/2025 16:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 999.9 gold bar | 12,020 | 12,220 |
| PNJ 999.9 Plain Ring | 11,500 | 11,800 |
| Kim Bao Gold 999.9 | 11,500 | 11,800 |
| Gold Phuc Loc Tai 999.9 | 11,500 | 11,800 |
| 999.9 gold jewelry | 11,500 | 11,750 |
| 999 gold jewelry | 11,488 | 11,738 |
| 9920 gold jewelry | 11,416 | 11,666 |
| 99 gold jewelry | 11,393 | 11,643 |
| 750 Gold (18K) | 8,078 | 8,828 |
| 585 Gold (14K) | 6,139 | 6,889 |
| 416 Gold (10K) | 4,153 | 4,903 |
| PNJ Gold - Phoenix | 11,500 | 11,800 |
| 916 Gold (22K) | 10,523 | 10,773 |
| 610 Gold (14.6K) | 6,433 | 7,183 |
| 650 Gold (15.6K) | 6,903 | 7,653 |
| 680 Gold (16.3K) | 7,255 | 8,005 |
| 375 Gold (9K) | 3,671 | 4,421 |
| 333 Gold (8K) | 3,143 | 3,893 |
| 3.SJC- Updated: 5/6/2025 16:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 120,200▲2400K | 122,200▲2400K |
| SJC gold 5 chi | 120,200▲2400K | 122,220▲2400K |
| SJC gold 0.5 chi, 1 chi, 2 chi | 120,200▲2400K | 122,230▲2400K |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 115,500▲3000K | 118,000▲3000K |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 115,500▲3000K | 118,100▲3000K |
| 99.99% jewelry | 115,500▲3000K | 117,400▲3000K |
| 99% Jewelry | 111,738▲2471K | 116,238▲2971K |
| Jewelry 68% | 73,990▲2041K | 79,990▲2041K |
| Jewelry 41.7% | 43,111▲1252K | 49,111▲1252K |
World gold price today May 6, 2025 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 4:30 p.m. today, Vietnam time, was 3,270.58 USD/ounce. Today's gold price increased by 105.65 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,140 VND/USD), the world gold price is about 107.37 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 15.32 million VND/tael higher than the international gold price.
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Gold prices rose to a two-week high on Monday as concerns about US President Donald Trump's plans to impose tariffs boosted demand for the safe-haven metal, while investors awaited the Federal Reserve's policy meeting on Wednesday.
Spot gold prices rose sharply by more than $100 an ounce. US gold futures also rose 1.5% to $3,370.4.
Gold prices surged earlier this week as investors returned to safe-haven assets to hedge against portfolio volatility, fueled by renewed concerns about tariffs from President Donald Trump, according to IG market strategist Yeap Jun Rong.
President Donald Trump announced on Sunday that he would impose a 100% tariff on foreign-made films, but did not elaborate on how it would be implemented. On Monday, he said he would announce tariffs on pharmaceuticals within two weeks.
The Fed's interest rate decision and Chairman Jerome Powell's remarks on Wednesday are being closely watched for clues on the future direction of interest rates. Since December, the Fed has kept rates in a range of 4.25% to 4.50%.
According to Yeap Jun Rong, if the Fed signals a rate cut, this could further support gold prices, strengthening the long-term bullish momentum. A Reuters report said that while the Fed is certain to keep rates unchanged on Wednesday, this could be the last time the outcome is so clear, as Trump's tariffs are causing a lot of uncertainty about the economic outlook.
Goldman Sachs predicts the Fed will cut interest rates three times, by 0.25 percentage points each in July, September and October, after more data on the labor market and other economic indicators.
Gold, which does not yield interest but is a hedge against political and financial crises, tends to benefit in a low-interest-rate environment. Silver rose 1.5% to $32.98 an ounce, platinum rose 1.4% to $972.25, and palladium edged up 0.5% to $945.25.