At the end of the May 8 session the price of gold ingots at SJC closed at 118.5-120 million VND/Tael (purchase – sale), down 1.7 million VND/Tael both in purchase and sale compared to the end of the negotiation session of yesterday.
At the end of the session, the price of SJC gold rings of 1 to 5 chi and the price of 9999 gold rings at Doji were listed at 114-116.5 million VND/Tael (sale), down 1.5 million VND/Tael both in purchase and sale compared to yesterday’s fence.
This afternoon, the world prices of gold have dropped sharply. At 2:42 p.m. today (May 8, Vietnam time), the world’s spot price of gold was 3,344.1 USD/OCE, down USD 65.9 compared to this morning.
National Gold Prize this afternoon Also adjusted to the drop quickly depending on the world’s price trend of gold.
At 2:15 p.m. the price of Gold SJC 9999 was reversed and decreased by 2.2 million VND/Tael both to purchase and sale compared to the start of the morning, at 118.5-120.5 million VND/TAEL (Purchase – Sale).
Early this afternoon, the SJC company reduced the price of golden rings of type 1-5-5 to only 114-116.5 million VND/Tael (purchase-sale), down 1.5 million VND/Tael both for purchase and sale compared to the start of the morning.
Similarly, Doji Gold and Gemstone Group lowered the price of gold rings 9999 to 114-116.5 million VND/Tael (purchase – sale), also down 1.5 million VND/Tael in both directions compared to the start of the morning.
Gold rings prices nationals have little fluctuated this morning.
Early this morning, the SJC company has side the price of golden rings of type 1 to 5 to only 115.5-118 million VND/Tael (purchase – sale), unchanged from yesterday’s closing price.
Doji Gold and Gemstone Group also announced early this morning the price of gold rings 9999 to 115.5-118 million VND/Tael (purchase – sale), unchanged from yesterday’s fence price.
| Acheter (Vnd/Tael) | Increase/ | Sell (Vnd/Tael) | Increase/ | |
| SJC | 114 000 000 | – 1 500 000 | 116 500 000 | – 1 500 000 |
| Doji | 114 000 000 | – 1 500 000 | 116 500 000 | – 1 500 000 |
List of prices for SJC gold and doji update rings in the afternoon of May 8
When opening the negotiation session of May 8, the price of gold SJC 9999 was adjusted upwards 500,000 VND/Tael both to purchase and sale compared to the closing price of the negotiation session of yesterday, at 120.7-122.7 million VND/TAEL (Purchase – Sale).
| Acheter (Vnd/Tael) | Increase/ | Sell (Vnd/Tael) | Increase/ | |
| SJC HCMC | 118 500 000 | – 1 700 000 | 120 500 000 | – 1 700 000 |
| Doji Hanoï | 118 500 000 | – 1 700 000 | 120 500 000 | – 1 700 000 |
| Doji HCMC | 118 500 000 | – 1 700 000 | 120 500 000 | – 1 700 000 |
List of prices for SJC gold ingots and doji update in the afternoon of May 8
The central exchange rate announced on May 8 By the State Bank was 24,927 VND/USD, down 3 VND compared to the previous negotiation session. The price of the US dollar in commercial banks this morning (May 8) was generally listed at 25,750 VND/USD (purchase) and 26,140 VND/USD (sale).
At 9:34 am today (May 8, Vietnam time) the world’s spot price of gold was 3,410 USD/OCE, up 15 USD/OCE compared to last night. The long -term price of gold for delivery in June 2025 on the New York Comex prosecution is $ 3,416/Once.
The morning of May 8 the world price of gold converted into bank prices in USD was more than 108.5 million VND/Tael, taxes and costs included, or about 14.2 million VND/Tael less than the national gold price.
At 8:30 p.m. on May 7 (Vietnam time), the Spot de l’Or price on the international market was today 3,395 USD/Once. The gold for delivery in June 2025 on the New York Comex prosecution was $ 3,402 per ounce.
The world price of gold on the night of May 7 was around 64.4 % higher (equivalent to 1,329 USD/OCE) than at the beginning of 2024. The world price of gold converted into USD was 107.9 million VND/Tael, taxes and costs included, about 14.3 million VND/Tael less than the national gold price at the end of the afternoon of the afternoon of May 7.
World gold prices have dropped sharply after the agreement was announced between the United States and China to keep negotiations in Switzerland. This could be the first step towards the resolution of the trade war that disrupts the world economy.
Previously, the United States required a tax of 145 % on goods imported from China, while Beijing imposed a 125 % tax on American goods. This information immediately helped stabilize financial markets and stock markets increased sharply.
The US dollar has also increased and the money has flocked to risky assets such as actions, thus exerting pressure on gold.
Previously, gold prices had climbed almost $ 100 in a context of increasing geopolitical tensions in many places. Ukraine continues to use drones to attack many airports in Russia.
In the early morning of May 7, India led a series of missile attacks on targets in Pakistan and cashmere under Pakistani control, killing at least 26 people, mainly tourists. Pakistani Prime Minister Shehbaz Sharif condemned this act of war and promised an appropriate response.
At the national level, gold prices are still very high, greater than 120 million VND/Tael. More specifically, at the end of the May 7 negotiation session, the price of 9999 gold ingots at SJC and Doji was listed at 120.2-122.2 million VND/Tael (Purchase – Sale), unchanged from the previous session.
The prices of gold rings are also high. On May 7 at the end of the afternoon, SJC announced the price of Type 1 to 5 gold rings to only 115.5 to 118 million VND/TAEL (Purchase – Sale). Doji also indicated the price of gold rings 9999 to 115.5-118 million VND/TAEL (Purchase – Sale).
Gold price forecasts
The world prices of gold continue to fluctuate sharply, increasing and decreasing from 50 to 100 USD/OCE over a very short period.
The Trump and Xi Jinping administration will meet on May 10 and 11 for commercial negotiations. Both parties should discuss large pricing reductions. In addition, the two countries will also discuss the abolition of customs duties on certain articles, the “minimis” exemption policy of the United States, as well as the American export control list.
The United States is also negotiating with dozens of other countries.
However, the results are still to come.
Geopolitical uncertainties and political surprises, as well as an always downward trend of the US dollar, are factors that should continue to support gold.
The American Federal Reserve (Fed) holds a monetary policy meeting and should maintain its interest rates unchanged at the end of the meeting on May 7.
The Fed made a decision despite the pressure of Mr. Trump, the gold prices have skyrocketed . The American Federal Reserve (Fed) maintained its interest rates at 4.25 % -4.5 % after the end of the meeting in the early morning of May 8. The president of the Fed, the most powerful man in the global financial markets, believes that he can react to “timely” economic developments.
Source : https://vietnamnet.vn/gia-vang-hom-nay-8-5-2025-sjc-va-nhan-van-tren-dinh-cao-2398797.html
