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Gold price today May 24, 2025: Domestic and world gold prices have "heated up" when increasing 40% in just one year

Quoc DuongDNUM_CEZAFZCACF 04:30

Gold price today May 24, 2025: Domestic and world gold prices increased sharply again thanks to cash flow from China. Gold prices have "heated up" too much after increasing 40% in just one year.

Domestic gold price today 5/24/2025

At the time of survey at 4:30 a.m. on May 24, 2025, the domestic gold price was at the same level as yesterday, but is forecast to increase sharply again to 121 million VND/tael. Specifically:

The price of SJC gold bars listed by DOJI Group is at 118.5-120.5 million VND/tael (buy - sell), the price remains 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 118.5-120.5 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 118.5-120.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for both buying and selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118.5-120.5 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 117.5-120.5 million VND/tael (buy - sell), gold price decreased 300 thousand VND/tael in both buying and selling directions compared to yesterday.

Giá vàng hôm nay 24/5: Giá vàng tăng 40% chỉ trong một năm

As of 4:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 112.5-115.5 million VND/tael (buy - sell); the price decreased by 500 thousand VND/tael in the buying direction - unchanged in the selling direction compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 114.5-117.5 million VND/tael (buy - sell); down 300 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, May 24, 2025 is as follows:

Gold price today
May 24, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
118.5120.5
--500
DOJI Group
118.5
120.5
-
-500
Red Eyelashes
118.5120.5
+500+500
PNJ
118.5
120.5
--500
Vietinbank Gold
120.5

-500
Bao Tin Minh Chau
118.5
120.5
--500
Phu Quy117.5120.5
-300-300
1.DOJI- Updated: 5/24/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold priceBuySell
AVPL/SJC HN118,500120,500
AVPL/SJC HCM118,500120,500
AVPL/SJC DN118,500120,500
Raw material 9999 - HN107,900▼1800K113,000
Raw material 999 - HN107,800▼1800K112,900
2.PNJ- Updated: 5/24/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ112,500▼500K115,500
HCMC - SJC118,500120,500
Hanoi - PNJ112,500▼500K115,500
Hanoi - SJC118,500120,500
Da Nang - PNJ112,500▼500K115,500
Da Nang - SJC118,500120,500
Western Region - PNJ112,500▼500K115,500
Western Region - SJC118,500120,500
Jewelry gold price - PNJ112,500▼500K115,500
Jewelry gold price - SJC118,500120,500
Jewelry gold price - SoutheastPNJ112,500▼500K
Jewelry gold price - SJC118,500120,500
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring112,500▼500K
Jewelry gold price - Kim Bao Gold 999.9112,500▼500K115,500
Jewelry gold price - Phuc Loc Tai Gold 999.9112,500▼500K115,500
Jewelry gold price - Jewelry gold 999.9112,000▼800K114,500▼800K
Jewelry gold price - Jewelry gold 999111,890▼800K114,390▼800K
Jewelry gold price - Jewelry gold 9920111,180▼800K113,680▼800K
Jewelry gold price - Jewelry gold 99110,960▼790K113,460▼790K
Jewelry gold price - 750 gold (18K)78,530▼600K86,030▼600K
Jewelry gold price - 585 gold (14K)59,630▼470K67,130▼470K
Jewelry gold price - 416 gold (10K)40,280▼340K47,780▼340K
Jewelry gold price - 916 gold (22K)102,480▼740K104,980▼740K
Jewelry gold price - 610 gold (14.6K)62,500▼480K70,000▼480K
Jewelry gold price - 650 gold (15.6K)67,080▼520K74,580▼520K
Jewelry gold price - 680 gold (16.3K)70,510▼540K78,010▼540K
Jewelry gold price - 375 gold (9K)35,590▼300K43,090▼300K
Jewelry gold price - 333 gold (8K)30,440▼260K37,940▼260K
3.SJC- Updated: 5/24/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG118,500120,500
SJC gold 5 chi118,500120,520
SJC gold 0.5 chi, 1 chi, 2 chi118,500120,530
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi112,500115,500
SJC 99.99% gold ring 0.5 chi, 0.3 chi112,500115,600
Jewelry 99.99%112,500114,900
Jewelry 99%109,262113,762
Jewelry 68%71,78978,289
Jewelry 41.7%41,56848,068

World gold price today 5/24/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 am today, Vietnam time, was at 3,340.05 USD/ounce. Today's gold price increased by 52.59 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,130 VND/USD), the world gold price is about 109.16 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 11.34 million VND/tael higher than the international gold price.

World gold prices today increased by 1.6% and recorded the strongest weekly increase in the past month and a half, thanks to the weakening USD and concerns about the US fiscal situation, causing many investors to flock to this precious metal.

Specifically, the spot gold price approached the psychological level of 3,500 USD/ounce. This week, the gold price increased by 4%, the highest level since April 7. Meanwhile, the price of gold futures in the US also increased by 0.9%, to 3,325.1 USD/ounce.

Former President Donald Trump’s tax cuts are supporting gold prices, as many fear the policy will negatively impact the US dollar’s ​​fiscal position, according to UBS analyst Giovanni Staunovo. Some investors have shifted from government bonds to gold to diversify their portfolios.

“The US 30-year bond yield has risen sharply in recent weeks, reflecting fiscal caution. In this context, safe-haven assets such as gold have naturally benefited,” Mr. Staunovo added.

External factors also affected the market, the USD fell 0.5% and had the biggest weekly decline since early April, Nymex crude oil prices were almost flat, fluctuating around $ 61.25 / barrel. The yield on 10-year US Treasury bonds is currently at 4.519%.

The US stock market has been rocked again after two social media posts by former President Donald Trump indirectly supported gold prices. One post warned that iPhones would be subject to a 25% tariff if they were not made in the US, while the other said that trade talks between the US and the European Union (EU) were at a standstill and the US would impose a 50% tariff on the EU from June 1.

The Republican-controlled House of Representatives passed a massive tax and spending bill on Thursday that implements much of Mr Trump’s agenda but adds trillions of dollars to the national debt. Moody’s downgraded the US sovereign credit rating last week over concerns about the country’s massive $36 trillion debt.

Uncertainties over the US budget deficit have dampened investor appetite for riskier assets, boosting demand for gold. Technically, spot gold is likely to test resistance at $3,335 an ounce, Reuters analyst Wang Tao said, and if it breaks through that level, it could rise to $3,366.

Meanwhile, spot silver was steady at $33.07 an ounce, while platinum rose 0.8 percent to $1,089.45. Palladium, on the other hand, fell 0.8 percent to $1,006.75.

Gold Price Forecast

The recent rise in gold prices has been supported by strong cash flows from China, the world’s largest gold consumer. Demand from this country is helping to bring gold prices back close to the historic peak reached last month. According to data from Kitco, China imported more than 127 tons of gold last month, the highest in the past 11 months, and up 73% compared to March.

It is worth noting that when the gold price had a slight decrease, Chinese investors took advantage of the opportunity to buy more, contributing to the price recovery to above 3,300 USD/ounce. During the night trading sessions in Shanghai, gold buying activities were active again and even spread to the COMEX floor in the US.

According to Imaru Casanova, manager of the VanEck Gold Fund, gold is currently consolidating around the $3,000/ounce mark to build a solid price foundation. The recent slight decline from the peak of $3,500/ounce is normal and not a cause for concern. In the near future, VanEck predicts that gold prices could reach $4,000/ounce in 2025.

Mr. Joseph Cavatoni from the World Gold Council (WGC) commented that the demand for gold will continue to explode strongly in 2025. Not only do central banks continue to increase purchases, but individual and institutional investors are also actively adding gold to their portfolios.

According to Mr. Ilya Spivak, global macro expert at Tastylive, as the gold price remains above the $3,200/ounce mark, the long-term uptrend seems to be strengthening. He expects gold to soon return to the $3,450–$3,500/ounce price range in the near future.

However, according to Suki Cooper, precious metals market analyst at Standard Chartered Bank, there is still a possibility that gold prices will correct down by about 10% by the end of this year. The reason may come from the US implementing economic stimulus policies and the global political situation gradually stabilizing.

Asked whether gold prices have become too hot after rising 40% in just one year, Cooper said they haven’t. She explained that current technical indicators, such as speculative buying and ETF inflows, are still far from their peaks of previous years, suggesting there is still room for gold prices to continue rising.

However, looking towards the end of 2025, Cooper believes that there may be some factors that will prevent gold prices from reaching new highs. If the US implements economic support packages and global tensions ease, gold prices may stagnate and stabilize at high levels, instead of continuing to break out.

However, she still believes that gold prices will remain above $3,000 an ounce. Whether or not a new record is set will depend largely on interest rate developments, the value of the US dollar, and unforeseen risks in the global economy.

Quoc Duong