National and global gold prices tend to drop slightly

Detailed update of the price of gold today, 05/09/2025 at the earliest in the internal market

At the time of the survey at 6 am on May 9, 2025, the highest gold price today, on May 9, 2025, was 129.5 million VND/Tael. You will find below the last update of the price of gold of May 9, 2025 of the main brands in Vietnam:

The price of SJC gold lights in SJC Hanoi is listed at 118.5-120.5 million VND/TAEL (Purchase – Sale). At the same time, the Doji group has negotiated the SJC gold at 118.5-120 million VND/TAEL (Purchase – Sale). Mi Hong Jewelry is side the price of SJC gold at 118.5-120.5 million VND/TAEL (Purchase – Sale).

At PNJ, the price of SJC gold ingots reached 118.5-120.5 million VND/Tael, while gold NPC was 114.2-117.2 million VND/Tael (Purchase-Sale). Bao Tin Minh Chau Company Limited next to the price of SJC gold at 118.3-120.5 million VND/Tael (purchase – sale). Phu Quy negotiates gold SJC at 117.5-120.5 million VND/TAEL (Purchase – Sale). Vietinbank Gold next to the price of SJC gold at 120.5 million VND/Tael (sale).

At 6 am today, the price of round rings in gold 9999 Hung Thinh Vuong at Doji is listed at 114.0-116.5 million VND/Tael (purchase – sale); down 1.5 million VND/Tael in both directions of purchase and sale compared to yesterday.

Bao Tin Minh Chau next to the price of gold rings at 116.5-119.5 million VND/Tael (purchase – sale); down 1 million VND/Tael in both directions of purchase and sale compared to yesterday.

Note: The above prices are reference floors before the opening of the market room on May 9, 2025. To keep you informed of the latest fluctuations, follow the last price of gold on May 9, 2025 on the Quang Nam newspaper at today’s gold prices .

The last table for updating the price of gold today, on May 9, 2025, is as follows:

Updating the price of gold today May 9, 2025 last information on the world market

At the time of negotiation at 6:00 am on May 9, 2025 (Vietnam time), the world price of gold recorded by Kitco was 3,310.92 USD/OCE. Converted to the USD exchange rate on the free market (26,140 VND/USD), the world price of gold is equivalent to around 104.75 million VND/Tael (excluding taxes and fresh). Compared to the price of the SJC National Golden Lingot on the same day (118.5-120.5 million VND/TAEL), the current price of SJC gold is around 15.74 million higher than the international gold price.

The price of gold knew yesterday, on May 8, 2025, on the world market a decrease after a slight increase earlier. Cash gold dropped by 0.6% to $ 3,310.92 an ounce. The main reason is the announcement of a possible trade agreement between the United States and the United Kingdom, which could help appease global trade tensions. As tensions diminish, gold, considered as a refuge value in times of uncertainty, becomes less attractive for investors.

US President Donald Trump recently referred to a “major trade agreement” with the United Kingdom, which is expected to be announced on May 8, 2025. British Prime Minister Keir Starmer is expected to also take stock of trade negotiations between the two countries. These positive signals strengthen the US dollar, thus reducing the attraction of gold, because gold is generally more expensive when the US dollar is increasing. According to Nitesh Shah expert from Wisdomtree, this agreement could help strengthen the US dollar, reducing the rise in gold prices.

In addition, trade negotiations between the United States and China in Switzerland this weekend also drew attention. If these discussions lead to positive results, the demand for gold as a refuge could continue to decrease. However, China continues to support gold prices by increasing its imports. The Chinese central bank recently authorized commercial banks to buy foreign currencies to import gold with larger quotas. According to Mr. Han Tan, analyst at Exinity Group, this measure will continue to maintain the golden demand, thus helping to prevent the prices of gold from falling too deep.

Another factor affecting gold prices yesterday, May 8, 2025, was geopolitical tensions between India and Pakistan. Pakistan claims to have shot down 12 Indian drones that violated its airspace, following Indian attacks on several targets in Pakistan. This situation could increase the demand for gold as a refuge value, even if the extent of the impact remains uncertain, according to Ole Hansen from Saxo Bank. In times of uncertainty, gold is often privileged for its ability to keep its value.

Among the other precious metals, the money increased by $ 32.51 per $ 32.5, the platinum increased by 0.7% to $ 981.09 an ounce, while the palladium dropped from $ 962.91 to $ 962.91. In general, the price of gold today, on May 8, 2025, was assigned by many factors, from international trade to geopolitical tensions. Investors must closely follow the evolution of the situation to make appropriate decisions.

Price of gold price today 05/09/2025

The price of gold on May 9, 2025 is at the center of attention while the world gold market records many changes. On May 9, 2025 at 6 am (Vietnam time), the Spot de l’Or price according to Kitco reached 3,310.92 USD/OCCE. If we convert to the USD exchange rate on the free market (26,140 VND/USD), the world price of gold is equivalent to around 104.75 million VND/Tael, excluding taxes and fresh. Meanwhile, the interior price of SJC gold ingots fluctuates from 118.5 to 120.5 million VND/Tael, about 15.74 million VND more than the international price of gold.

The global gold market is currently affected by many factors. China, one of the biggest gold consumers, has just made an important gesture. The Chinese central bank has authorized commercial banks to buy US dollars to import more gold, after having increased import quotas. This shows that the demand for gold in China is very high, which could help prevent an excessive fall in gold prices. In addition, China has also taken measures such as reduction in interest rates and money injection to the market to support the economy, which is under pressure from trade tensions with the United States.

However, the world prices of gold still fluctuate strongly because the global economic and geopolitical situation is not stable. Gold is considered to be a refuge value in times of uncertainty, in particular after its price reached a summit of $ 3,500 per last month. China’s policy changes show that it is trying to maintain its economy afloat, but they also reflect the difficulties that the world faces, from trade tensions to monetary fluctuations.

With the current trend, the price of national gold today, on May 9, 2025, should slightly drop, closely following the evolution of the global market. The price of SJC gold could be adjusted to the decline during this morning’s negotiation session, at the opening of the scholarship, but the decline will not be too large thanks to the Gold demand from China. Gold buyers must closely monitor information from reliable sources such as Kitco, PNJ or SJC to seize opportunities. The gold market remains volatile, promising notable developments today.