National and global prices of gold are cooling, increasing insignificantly

Updating the price of gold today 07/05/2025 last on the domestic market

At the time of the survey, at 10 a.m. on May 7, 2025, gold prices on the internal market recorded an upward trend in most of the main negotiation systems. The increase varies from 200,000 to 700,000 VND/Tael, according to the brand and the region. Specifically:

The price of SJC gold ingots is listed at 120.7 million VND/TAEL (purchase) and 122.7 million VND/TAEL (sale), an increase of 500,000 VND/TAEL in both directions compared to yesterday.

On the Doji system, the price of SJC gold ingots also recorded a similar increase, purchase and sales prices being 120.7 million VND/Tael respectively and 122.7 million VND/Tael, an increase of 500,000 VND/Tael in both directions.

The price of Mi Hong gold has increased slightly today in the direction of the purchase, reaching 120.7 million VND/Tael (up 200,000 VND), while the sense of sale increased sharply to 122.7 million VND/Tael (up 700,000 VND).

At PNJ, the price of the SJC gold Lingot is negotiated at 115.5 million VND/Tael (purchase) and 118.1 million VND/Tael (sale). The increase is 500,000 VND/TAEL for purchase and 100,000 VND/TAEL for sale.

The price of SJC gold to Bao Tin Minh Chau is today listed at 120.7 million VND/Tael (purchase) and 122.7 million VND/Tael (sale), an increase of 500,000 VND/Tael in the two directions.

Unlike the upward trend in the market, the price of SJC gold to Phu Quy has slightly decreased by 100,000 VND/Tael in both directions, up to 119.7 million VND/Tael (purchase) and 122.7 million VND/Tael (sale).

At 10 a.m. today, the price of round rings in gold 9999 Hung Thinh Vuong at Doji is listed at 114.5-118.0 million VND/Tael (Purchase – Sale); down 1 million VND/Tael to buy compared to yesterday. Bao Tin Minh Chau next to the price of gold rings at 117.5-120.5 million VND/Tael (purchase – sale).

The price of gold today, on May 7, 2025, shows a dominant upward trend in major brands, with a uniform increase in many systems. However, some brands like Phu quy have recorded a slight drop, creating differentiation on the market. Experts predict that gold prices could continue to fluctuate in the coming times, depending on the economic situation and the evolution of global gold prices.

The last table for updating the price of gold today, on May 7, 2025, is as follows:

Updating the price of gold today May 7, 2025 last information on the world market

At the time of negotiation at 10:00 am on May 6, 2025 (Vietnam time), the world price of gold recorded by Kitco was 3,385.63 USD/OCCE. Converted according to the USD exchange rate on the free market (26,180 VND/USD), the world price of gold is equivalent to around 107.12 million VND/Tael (excluding taxes and costs). Compared to the price of the SJC National Golden Lingot on the same day (120.7-122.7 million VND/TAEL), the current price of SJC gold is around 15.58 million higher than the international gold price.

Today, on May 7, 2025, the price of gold on the world market increased slightly, partly due to the optimism as to the possibility of commercial negotiations between the United States and China, which has changed the demand for refuge assets such as gold. More specifically, gold prices of gold have increased by almost 1% to 3,390.18 dollars ounce around 10:00 GMT. Earlier, during yesterday’s negotiation session, gold prices increased by almost 3%, showing high volatility on the market.

The main reason for this drop would be for investors to expect positive signals from commercial negotiations between the two main savings. Ilya Spivak, responsible for global macroeconomics at Tastylive, said the market is entering a “high-risk” mode because there were signs that the United States and China had started real negotiations. An upcoming meeting between the American secretary to the Treasury Scott Bessent, the chief commercial negotiator Jamieson Greer and the senior Chinese economic official Xia Lifeng in Switzerland this weekend strengthened these expectations.

However, tensions remain high while the two countries won customs duties in retaliation last month, arousing concerns about a world trade war which could lead to an economic recession. President Donald Trump also said that he and senior officials would examine potential trade agreements over the next two weeks to decide what to accept, keeping the markets on their guard.

In addition, the attention of investors is also today on the meeting of the Federal Open Market Committee (FOMC) – the decision -making body of the American Central Bank (Fed). The Fed should maintain its interest rates unchanged during this meeting, but its position will remain ambiguous to keep its flexibility, especially when it tries to assess the impact of the trade war on growth and inflation. According to the traders, the Fed should probably reduce its interest rates by around 80 base points this year, from July, and the comments of the president of the Fed, Jerome Powell, will be a key factor to reveal this calendar.

Gold is often considered to be a refuge value in times of economic and political uncertainty, in particular when interest rates are low. This means that if interest rates drop, gold prices could be supported and increase again. However, in the current situation, the prices of other precious metals such as money, platinum and palladium are also down, to $ 32.93, $ 979.07 and $ 970.28 A ounce, respectively, showing general pressure on the precious metal market. Consequently, the price of gold today, on May 7, 2025, on the world market was influenced both by commercial expectations and by the decision of the Fed, creating a complicated image for investors.

News, Trends in the price of gold today 07/05/2025 national and global gold prices

Gold prices are experiencing today, on May 7, 2025, notable fluctuations on the international market. Although gold prices recently experienced a sharp drop, the general trend remains upwards due to the unstable global context. The decisions of the American President Donald Trump’s administration may have a major impact on the world’s financial markets and raw materials.

On the American stock market, the feeling of risk aversion returns, because there was no breakthrough in the World Trade War. This led investors to turn to gold as a refuge value. In addition, the increase in the price of certain key currencies as the Japanese yen exerts pressure on the USD, which means that the price of gold today, on May 7, 2025, will be affected when the USD weakens.

Technically, gold prices are facing high resistance at $ 3,509.9 $ $, while the support is $ 3,209.4 for the ounce since last week. On May 7 at 6 am, the international price of gold reached 3,396 USD/OCE, up 46 USD compared to the lowest level last night of 3,350 USD/Once.

The prices of gold continued to increase today, on May 7, 2025, thanks to the high demand for gold in China, especially from retailers. The Shanghai Gold Stock Exchange has recorded a record volume of exchanges, reflecting the tendency to hoard gold in a context of global economic and commercial uncertainty. The weakness of the US dollar has also contributed to the rise in gold prices, because gold generally has an opposite relationship with money, which makes it more attractive for international investors.

In addition, the American stock market indices have dropped and the feeling of risk aversion increased due to the lack of progress in the World Trade War. This further strengthens the role of gold as a safe investment channel, supporting the price of gold today, on May 7, 2025, to continue the positive trend.