Gold prices increased simultaneously at noon on May 8.

On May 8 at noon, Saigon Jewelry Company Limited next to the price of SJC gold ingots at 120.7-122.7 million VND/TAEL (Purchase – Sale), an increase of 500,000 VND/TAEL in both directions of purchase and sale compared to the opening price of the morning session.

Similarly, the price of single round gold rings in Bao Tin Minh Chau is exchanged at 118-121 million VND/Tael (sale – sale), an increase of 200,000 VND/Tael in the direction of sale, and the purchase price remains the same compared to the opening price of the morning session.

In Hanoi, at Doji Gold and Gemstone Group Joint Stock Company, the United Round Rings are negotiated around 115.5 to 118 million VND/Tael (purchase – sale); Phu Quy Gold Investment Joint Stock Company negotiates gold rings at 116-119 million VND/Tael (purchase – sale).

In Ho Chi Minh Ville, Mi Hong Gold Company Limited negotiated gold rings at 116-118 million VND/Tael (purchase-sale).

The morning of May 8 (Vietnam time), the world price of gold sometimes was exchanged above 3,400 USD/OCE, then lowered slightly. At 12 noon, the world price of gold was exchanged at 3,385 USD/OCE. If we convert according to the Vietcombank exchange rate, each global gold tael costs around 106.7 million VND/Tael. Thus, the World Gold Prize is still 16 million VND/Tael lower at the price of the national golden ingot.

According to financial experts, the World Gold Prize has reached its highest level in the past two weeks thanks to the support of purchase activities in China after the reopening of this major consumer market after the holidays, and the purchase efforts of central banks due to concerns about the new pricing policies of US President Donald Trump. However, gold prices are also under pressure due to the decision of the American federal reserve (Fed) to maintain unchanged interest rates during the meeting held early this morning (Vietnam time).

Experts and investors say that even if the short -term growth potential of gold could slow down after the recent hot period, the driving forces behind the price of the gold price remain intact. The recent geopolitical conflicts and the growing fears of a recession gave birth to the hope of a strong resumption of gold prices in the second half of 2025.