The national and global gold prices have fallen at their lowest level in the past two weeks

National gold price Today 01/05/2025

At the time of the survey at 1:30 p.m. on May 1, 2025, the national gold price was anchored at a high level of more than 121 million VNDs. However, in Bao Tin Minh Chau, this figure has decreased sharply. Specifically:

The price of SJC gold ingots listed by Doji Group is 119.3-121.3 million VND/TAEL (Purchase – Sale), the price remains unchanged in both directions of purchase and sale compared to yesterday. Compared to the end of last week, April 26, the price of gold increased by 300,000 VND/Tael in both directions, to purchase as for sale.

At the same time, the price of SJC gold ingots was listed by Saigon Jewelry Company Limited – SJC at 119.3-121.3 million VND/Tael (Sale), the price remained unchanged in both directions of purchase and sale compared to yesterday, but increased by 300,000 VND/Tael in the two last.

At Mi Hong Jewelry Company, the Mi Hong Gold Prize at the time of the survey indicated that the SJC gold price was 116.5 to 119 million VND/Tael for purchase and sale. Compared to yesterday, the price of gold decreased by 1.5 million VND/Tael to purchase and by 1 million VND/Tael for sale. Compared to last week, the price of gold decreased by 2.5 million VND/Tael for purchase and by 2 million VND/Tael for sale.

The price of SJC gold at Bao Tin Minh Chau Company Limited is negotiated by companies at 118-121 million VND/Tael (purchase – sale, down 1.3 million VND/Tael for purchase – down 300,000 VND/Tael for sale compared to yesterday.

The price of SJC gold to Phu Quy is negotiated by companies at 118.3-121.3 million VND/Tael (purchase – sale), the price of gold remains unchanged in both directions of purchase and sale compared to yesterday. The price of gold has decreased by 200,000 VND/TAEL in terms of purchase price – and increased by 300,000 VND/TAEL in terms of selling price compared to last weekend.

From 1:30 pm today, the price of round rings in gold 9999 Hung Thinh Vuong at Doji is listed at 114-116.5 million VND/Tael (purchase – sale); Unchanged in both directions of purchase and sale compared to yesterday; Also unchanged in the two purchase and sale directions compared to the last weekend.

Bao Tin Minh Chau next to the price of gold rings at 116.5-119.6 million VND/Tael (purchase – sale); drop of 400,000 VND/Tael to purchase – drop by 300,000 VND/Tael for sale compared to yesterday; Decrease of 300,000 VND/Tael to purchase – drop by 200,000 VND/Tael for sale compared to the end of last week.

The last list of gold prices today, May 1, 2025, is as follows:

Global Gold Course today 01/05/2025 and graphic for fluctuations in the world Gold course in the last 24 hours

According to Kitco, the world price of gold was recorded at 1:30 p.m. Today, Vietnam time, the price was 3,233.4 USD/OCE. The price of gold decreased today by 75.39 USD/OCE compared to yesterday. Converted according to the USD exchange rate of Vietcombank (26,180 VND/USD), global gold costs around 103.1 million VND/Tael (excluding taxes and fresh). Thus, the price of SJC gold ingots is 18.2 million VND/Tael higher than the international gold price.

The world prices of gold have dropped to their lowest level in two weeks, while the US dollar has increased and trade tensions have appealed, which has made gold lose its attraction as a refuge value. Meanwhile, investors are waiting for the report on non-agricultural jobs in the United States, which is to be published this week.

The cash price in cash has dropped by 1.8% to reach its lowest level since mid-April. The dollar index (.Dxy) increased by 0.4 % compared to a currency basket, making gold more expensive for buyers using other currencies.

“The price of gold has dropped with the appeasement of fears related to the trade war, but the feeling of the market has remained volatile, investors reacting to daily news. The accommodating monetary policy of the federal reserve could support the price of gold, but the market may have to adjust after April fever, “said Ilya Spivak, analyst at Tastylive.

According to Kitco, although the US economy experienced unexpected negative growth in the first quarter of 2025, gold prices dropped due to the high pressure of profits from investors. This announcement comes in a context of growing fears of an economic recession worldwide.

The American economy recorded its first contraction in three years in the first quarter of 2025, companies having increased their imports to deal with the customs rates that Trump should impose. Investors predict that if the US economy continues to weaken by June, the Fed will be forced to reduce its interest rates, perhaps a total of 1 % by the end of 2025.

Some early signs indicate that the demand for investment in gold could reach a tray. The world’s largest gold ETF, SPDR Trust, saw its assets drop slightly after reaching a summit of 31 months in April. This week on Wednesday, the SPDR gold assets fell at 30.36 million ounces, against a peak of 30.84 million ounces on April 17.

When Mr. Trump broke the global trade system. Not only does it harm the American economy, but it also affects many other countries. To keep gold continuing, the market will have to receive a constant flow of bad news. Conversely, any sign of return to normal from American policy could bring down the price of gold.

Other precious metals have also seen their prices drop, money dropped by $ 1.6% to $ 32.09 ounce, platinum from 0.8% to 958.86 dollars and palladium from 0.2% to 935.88 dollars.

Gold price forecasts

By looking at the last 20 years, gold has tended to increase sharply over a short period of time, then to enter a period of correction which lasts for many years. The sharp rise in gold prices in early April was unusually rapid and strong, arousing concerns about the possibility of deep correction before entering a period of stability.

During the last sessions, the world prices of gold have constantly fluctuated. The pressure of profits makes a strong price rebound, but at the same time, they do not fall deep. According to SP Angel, as the stock market shows signs of stability and the volatility index (VIX) decreases, the sales pressure on the gold market increases. However, the situation remains strongly dependent on the future development of world trade and the feeling of the market.

Technically, gold prices have passed under the upward trend line, losing technical support around $ 3,351 an ounce. This opens up the possibility that gold continues to drop in the short term. However, the trend force indicator (RSI) over 14 days is still maintained above 50, which suggests that there is still hope for purchasing power to return to the market.

Currently, the level of $ 3,230/OCE corresponding to the mobile average over 21 days (MMS 21) is a very important technical level. If gold prices are maintained above this level by the end of the day’s negotiation session, there is still a chance of recovery.

Gold prices could come back to test resistance around $ 3,383 per ounce, which was the old support line of the previous upward trend channel. However, to confirm the recovery dynamics, gold must exceed the recent peak of $ 3,328. Not doing it will increase the risk of a new decline.

Conversely, if the gold prices clearly break the level of support of $ 3,230 per ounce, the market could experience a deeper drop. The next goal for sellers could be the psychological level of $ 3,150/OCE, or even further, the solid medium support area of ​​the mobile average over 50 days (MMS 50), around $ 3,081/OCE.

The current evolution of the price of gold depends mainly on the feeling of the market concerning international trade issues, in particular the relations between the United States and China. The reactions of the price of gold to American economic data are generally short -lived.

Investors will closely monitor the PMI Manufacturer ISM index and unemployment benefits in the United States this week to obtain clearer signals before the report on non-agricultural jobs (NFP) on Friday.