Gold prices on the domestic market have ceased to be negotiated today due to the public holiday from April 30 to May 1.
| Acheter (Vnd/Tael) | Increase/ | Sell (Vnd/Tael) | Increase/ | |
| SJC HCMC | 119 300 000 | 0 | 121 300 000 | 0 |
| Doji Hanoï | 119 300 000 | 0 | 121 300 000 | 0 |
| Doji HCMC | 119 300 000 | 0 | 121 300 000 | 0 |
List of prices for Golden Lingots SJC and Doji Update on the morning of May 1
| Acheter (Vnd/Tael) | Increase/ | Sell (Vnd/Tael) | Increase/ | |
| SJC | 114 000 000 | 0 | 116 500 000 | 0 |
| Doji | 114 000 000 | 0 | 116 500 000 | 0 |
List of prices for SJC gold rings and Doji update on the morning of May 1st
At 8:23 am today (May 1st, Vietnam time) the world’s spot price of gold was 3,243.4 USD/OCE, down USD 59.6 compared to last night. The long -term price of gold for delivery in June 2025 on the new York Comex prosecution is $ 3,255/Once.
May 1st the world price of gold converted into banking prices in USD was more than 103.4 million VND/Tael, taxes and costs included, about 17.9 million VND/Tael less than the national gold price.
At 8:30 p.m. on April 30 (Vietnam time), the Gold Spot Prize on the international market was now 3,303 USD/Once. Gold for delivery in June 2025 on the New York Comex prosecution was $ 3,311 per ounce.
The world price of gold on the night of April 30 was around 60.1 % higher (equivalent to 1,240 USD/OCE) than at the beginning of 2024. The world price of gold converted in USD was 105.3 million VND/TAEL, including taxes and fresh, or about 16 million VND/TAEL less than the national gold price at the end of the afternoon session of April 30.
The world prices of gold fluctuate unpredictably. Golden ingots and SJC gold rings are always at very high levels.
During the negotiation session of April 30 on Asian and European markets, the cash prices of gold fell sharply, sometimes reaching $ 3,270. This is the lowest level of last week. However, gold prices have again increased in the New York market and exceeded the threshold of 3,300 USD/OCE.
The previous decrease in global gold prices was mainly due to the pressure of for -profit sales after this basic product has increased sharply since the start of the year and many other markets have stabilized again. The money flocks to the purchase of Bottom-ups assets with a higher risk.
However, gold prices rebounded after the United States has published less positive economic data.
The US employment report ADP recently published for the month of April was a huge disappointment, with 62,000 new jobs created, much less than the 120,000 jobs expected.
In addition, American GDP in the first quarter fell 0.3 % compared to the previous quarter and compared to the expectations of an increase of 0.4 %.
These figures suggest that the American Federal Reserve (Fed) could lower its interest rates earlier than expected. The US dollar will therefore decrease, thus pushing the price of gold upwards.
The price of national gold is still around 120 million VND/Tael. More specifically, at the end of the negotiation session of April 29 (before the holidays), the price of the 9999 Golden Lingots at SJC and Doji was listed at 119.3-121.3 million VND/Tael (Purchase – Sale), an increase of 1.8 million VND of purchase and sale prices compared to the previous session.
The price of gold rings is also high. At the end of the afternoon of April 29, SJC announced the price of golden rings of type 1-5-5 to only 114-116.5 million VND/TAEL (purchase-sale), an increase of 1.5 million VND both for purchase and sale compared to the previous session. Doji next to the price of round rings in smooth gold 9999 to 114-116.5 million VND/Tael (purchase – sale), increasing at the same level.
Gold price forecasts
In recent times, the world prices of gold have fluctuated unpredictably and it seems unlikely that they are increasing more due to the constant pressure of profits. However, downward adjustment is not strong.
According to SP Angel experts, some stock markets have stabilized, the yields of US treasury bills have dropped and the volatility of the US stock market (VIX) has also dropped. This creates high sales pressure on the gold market.
A question is nevertheless unanswered: have the worst fears of the market concerning customs prices have passed? If the answer is yes, then the world’s stock markets have reached a floor level. If the answer is no, then a darker scenario of extended weakness in the stock market, or even global recession, becomes more likely.
The Chinese economy begins to feel the effects of trade war with the United States. The new export orders for China fell sharply in April to reach their lowest level from the pandemic, the global manufacturing activity being at its lowest level for more than a year.
According to Dow Jones Newswires, “this sharp decline suggests that the shock customs duties imposed by US President Donald Trump on Chinese imports are starting to stifle the engine of the Chinese economy, putting pressure on Beijing to intensify its recovery efforts to support growth. »»
The world prices of gold have shown signs of “over-rascal”, what will happen next? The gold prices have strongly fluctuated, reaching a peak at $ 3,500 per ounce, then falling then bouncing. Many believe that gold prices have reached a summit after a period of overchat. However, some analysts believe that the rally is not yet finished.
Source : https://vietnamnet.vn/gia-vang-hom-nay-1-5-2025-sut-giam-roi-hoi-phuc-sjc-va-nhan-tron-tren-dinh-2396855.html
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