Gold price on May 10, 2025: Domestic and world gold prices increased slightly in unison

Domestic gold price today May 10, 2025

At the time of survey at 2:30 p.m. on May 10, 2025, domestic gold prices increased slightly across the board. Specifically:

DOJI Group listed the price of SJC gold bars at 120-122 million VND/tael (buy - sell), an increase of 500 thousand 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 120-122 million VND/tael (buy - sell), an increase of 500 thousand 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 121-122 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 1 million VND/tael for buying and 500 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 120-122 million VND/tael (buy - sell), the price increased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 119-122 million VND/tael (buy - sell), gold price increased 1.3 million VND/tael in both buying and selling directions compared to yesterday.

As of 2:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 114.5-117 million VND/tael (buy - sell); the price increased by 500,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 117-120 million VND/tael (buy - sell); an increase of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 10, 2025 is as follows:

World gold price today May 10, 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 3,328.94 USD/ounce. Today's gold price increased by 5.7 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,140 VND/USD), the world gold price is about 106.03 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 15.96 million VND/tael higher than the international gold price.

The world gold price is still maintaining the price above 3,300 USD/ounce, but the changing global economic sentiment has caused the increase of this precious metal to slow down. Some experts say that gold is showing signs of "fatigue" after a period of strong increase.

Despite a sharp decline from the peak of more than 3,400 USD/ounce earlier this week, gold still recorded an increase of more than 3% compared to last week, when the price plunged to the support level of 3,200 USD/ounce.

James Stanley, senior market strategist at Forex.com, said that gold prices are likely to remain high, although it is unlikely to rise much in the near term. "I can't say the bulls have run out of steam, but I don't expect prices to break $3,500 an ounce anytime soon. The previous uptrend has been so strong, and with support levels still holding, I'm hesitant to take short positions," he said.

The biggest risk to gold prices in the short term, analysts say, is growing optimism that US President Donald Trump could soon end the trade war with China. A summit between the two sides is due to take place this weekend in Switzerland, and the outcome could have a strong impact on gold prices.

Expectations of easing trade and geopolitical tensions could put downward pressure on gold prices, said Michael Brown, senior market analyst at Pepperstone.

If the US and China make positive progress, gold prices could slide to support around $3,000 an ounce. He also noted that gold prices have recently failed to break above $3,400 an ounce twice, suggesting that the bullish momentum is showing signs of weakening in the short term.

However, Mr. Brown said that if the gold price corrects, this could be a good opportunity to buy long-term. He explained that gold is still a rare safe haven in the context of the world facing many political and economic uncertainties.

Additionally, many countries are still buying gold for reserves, which will support gold prices in the long run, regardless of the outcome of trade negotiations.

In addition to trade, another issue that could impact gold prices is inflation. The US will release inflation data next week, and the results could be volatile. If inflation rises, the Federal Reserve (Fed) may be forced to maintain high interest rates, which could put pressure on the US economy and raise fears of a recession.

However, on the positive side, high inflation will reduce real interest rates (interest rates after deducting inflation), which is beneficial for gold prices. Therefore, while risks remain, gold still plays an important role in the long-term investment portfolios of many investors and central banks around the world.

Quoc Duong