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Gold price on May 9, 2025: Domestic and world gold prices increase strongly again

Quoc DuongDNUM_AJZAFZCACF 16:40

Gold price on May 9, 2025: Domestic and world gold prices increased strongly again after the morning session fell below the important psychological mark of 3,300 USD/ounce.

Domestic gold price today 5/9/2025

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

DOJI Group listed the price of SJC gold bars at 119.5-121.5 million VND/tael (buy - sell), an increase of 1 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 119.5-121.5 million VND/tael (buy - sell), an increase of 1 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 120-121.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for buying and 1 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 119.5-121.5 million VND/tael (buy - sell), the price increased by 1.2 million VND/tael in the buying direction - increased by 1 million VND/tael in the selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117.7-120.7 million VND/tael (buy - sell), gold price increased 200 thousand VND/tael in both buying and selling directions compared to yesterday.

Giá vàng ngày 9/5/2025: Giá vàng tăng mạnh trở lại

As of 4:30 p.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); unchanged 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); unchanged in both buying and selling directions compared to yesterday.

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

Gold price today
May 9, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
119.5121.5
+1000+1000
DOJI Group
119.5
121.5
+1000
+1000
Red Eyelashes
120121.5
+500+1000
PNJ
119.5
121.5
+1000+1000
Vietinbank Gold
121.5

+1000
Bao Tin Minh Chau
119.5
121.5
+1200+1000
Phu Quy117.7120.7
+200+200
1.DOJI- Updated: 5/9/2025 16:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold priceBuySell
AVPL/SJC HN119,500▲1000K121,500▲1000K
AVPL/SJC HCM119,500▲1000K121,500 ▼1700K
AVPL/SJC DN119,500▲1000K121,500▲1000K
Raw material 9999 - HN111,200▼2600K114,000▼1600K
Raw material 999 - HN111,100▼2600K113,900▼1600K
2.PNJ- Updated: 5/9/2025 16:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 999.9 gold bar11,95012,150
PNJ 999.9 Plain Ring11,40011,660
Kim Bao Gold 999.911,40011,660
Gold Phuc Loc Tai 999.911,40011,660
999.9 gold jewelry11,40011,650
999 gold jewelry11,38811,638
9920 jewelry gold11,31711,567
99 gold jewelry11,29411,544
750 Gold (18K)8,0038,753
585 Gold (14K)6,0806,830
416 Gold (10K)4,1114,861
PNJ Gold - Phoenix11,40011,660
916 Gold (22K)10,43110,681
610 Gold (14.6K)6,3727,122
650 Gold (15.6K)6,8387,588
680 Gold (16.3K)7,1877,937
375 Gold (9K)3,6344,384
333 Gold (8K)3,1103,860
3.SJC- Updated: 5/9/2025 16:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG119,500▲1000K121,500▲1000K
SJC gold 5 chi119,500▲1000K121,520▲1000K
SJC gold 0.5 chi, 1 chi, 2 chi119,500▲1000K121,530▲1000K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi114,000116,500
SJC 99.99% gold ring 0.5 chi, 0.3 chi114,000116,600
Jewelry 99.99%114,000115,900
Jewelry 99%110,252114,752
Jewelry 68%72,47078,970
Jewelry 41.7%41,98548,485

World gold price today 5/9/2025 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 3,326.99 USD/ounce. Today's gold price decreased by 15.17 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,150 VND/USD), the world gold price is about 106.01 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 15.49 million VND/tael higher than the international gold price.

Gold prices recovered slightly after a sharp decline this morning and are on track for their first weekly gain in May, thanks to a weaker US dollar and unresolved geopolitical tensions. Meanwhile, the market is still focused on the US-China trade talks taking place this weekend.

Gold prices rose 2% for the week. US gold futures also rose 0.7% to $3,328.1 an ounce. A weaker US dollar helped support gold prices. The US dollar index (.DXY) fell 0.3%, making gold more attractive to investors using other currencies.

According to Ross Norman, an independent analyst, the sharp fluctuations in gold prices show that there are two opposing trading streams: one side is investors buying due to concerns about economic instability, while the other side is selling to take profits when prices rise.

Markets are now focused on the possibility of a trade deal between the United States and China. A meeting between US and Chinese officials is set to take place in Switzerland this weekend, which could be the first step toward easing the protracted trade war between the world’s two largest economies.

In addition, tensions between India and Pakistan are also a factor that worries investors. On the geopolitical front, the Indian military said Pakistan carried out multiple attacks using drones and other weapons along India's western border on Thursday night and Friday morning.

In addition, several US Federal Reserve (Fed) officials are scheduled to speak during the day, possibly providing more information on the economic situation and monetary policy direction.

Gold is often seen as a safe haven asset during times of political and financial uncertainty. Last month, gold hit a record high of $3,500.05 an ounce, helped by central bank buying, trade war concerns and strong investment demand.

Not only gold, other precious metals also increased in price. Spot silver price increased 0.3% to 32.56 USD/ounce, platinum increased 0.9% to 984.16 USD, while palladium increased 0.4% to 979.75 USD.

Quoc Duong