National and global gold prices have increased sharply due to the taxation of new taxes by Mr. Trump.

National gold price today 07/05/2025

At the time of the survey at 4:30 am on May 7, 2025, gold prices on the internal market have increased sharply to reach their highest level in the past two weeks. Specifically:

The Doji group is side the price of SJC gold ingots at 120.2-122.2 million VND/TAEL (purchase – sale), an increase of 2.4 million VND/TAEL in both directions of purchase and sale compared to yesterday.

At the same time, the price of SJC gold ingots was listed by Saigon Jewelry Company Limited – SJC at 120.2-122.2 million VND/TAEL (Purchase – Sale), an increase of 2.4 million VND/TAEL in both directions of purchase and sale compared to yesterday.

At Mi Hong Jewelry Company, the Mi Hong Gold Prize at the time of the survey indicated that the price of SJC gold was 120.2 to 121.8 million VND/Tael for purchase and sale. Compared to yesterday, the price of gold increased by 2.2 million VND/Tael for purchase – and 3 million VND/Tael for sale.

The price of SJC gold at Bao Tin Minh Chau Company Limited was negotiated by the company at 120.2-122.2 million VND/Tael (purchase – sale), an increase of 2.4 million VND/Tael in both directions of purchase and sale compared to yesterday.

The price of SJC gold to Phu Quy is negotiated by companies at 119.8-122.8 million VND/TAEL (purchase – sale), the price of gold increased by 3 million VND/TAEL in both directions of purchase and sale compared to yesterday.

At 4:30 am today, the price of the round ring in gold 9999 Hung Thinh Vuong at Doji is listed at 115.5-118 million VND/Tael (purchase – sale); increased by 3 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 117.5-120.5 million VND/Tael (purchase – sale); increased by 2 million VND/Tael in both directions of purchase and sale compared to yesterday.

Phu Quy Gold and Gemstone Group next to the price of gold rings at 115.5-118.5 million VND/Tael (purchase – sale), an increase of 2 million VND/Tael in both directions of purchase and sale compared to yesterday.

The last list of gold prices today, May 7, 2025, is as follows:

world Gold Prize today 07/05/2025 and graphic for fluctuations in the world gold price in the last 24 hours

According to Kitco, the world price of gold recorded at 4:30 am today, Vietnam time, was 3,384.16 USD/Once. The price of gold increased today by 65.72 USD/OCE compared to yesterday. Converted according to the USD exchange rate of Vietcombank (26,150 VND/USD), global gold costs around 107.76 million VND/Tael (excluding taxes and fresh). Thus, the price of SJC gold ingots is 14.44 million VND/Tael higher than the international gold price.

World gold prices have reached their highest level in two weeks due to high demand from China after the holidays and fears that the United States can impose customs duties on imports of pharmaceutical products. Meanwhile, investors await the results of the monetary policy meeting of the American Federal Reserve (Fed).

More specifically, the cash flow prices increased by 1.98 %, reaching their highest level since April 22. US gold contracts have also reached a two -week summit, up 2.4 % to $ 3,403 per ounce.

The Chinese gold market reopened after the Labor Day holidays from May 1 to 5. According to Adrian Ash, research director at Bullionvault, the current increase in gold prices is due to a strong wave of investment from China, as well as central banks seeking to reduce their dependence on American assets, in particular the US dollar.

Gold prices fall into a new increase phase while investors rush to refuge assets. It should be noted that the dollar is gradually losing its status of “refuge value” compared to gold. If the Trump administration fails to conclude a trade agreement with countries, in particular those of the G20, gold prices could soon increase even more strongly.

Gold prices have reached new records on several occasions this year due to trade tensions linked to customs tariffs. Recently, US President Donald Trump announced that he would impose new taxes on pharmaceutical products imported in the next two weeks. Trump yesterday announced a 100 % tax on films produced abroad.

Gold prices are supported by the strong participation of Chinese speculators, according to Daniel Ghali, a raw material strategist at TD Securities. Meanwhile, in Western markets, although gold prices are high, the reserves remain low. These factors could continue to grow gold prices upwards, which can even reach $ 4,000 per year this year.

The gold market is also attentive to the next political decision of the Fed, which is expected to be announced on May 8. President Jerome Powell’s remarks should provide indices on the calendar of a drop in rates. High interest rates generally lead to a drop in gold prices, as it is a non -productive asset.

Signing money also increased by $ 33.16 per ounce, platinum increased by $ 2.3% to $ 981.44 and Palladium increased by $ 2.5% to $ 964.45.

Yesterday, gold prices exceeded the first significant level of resistance at $ 3,368. If this upward dynamic continues, the price could quickly reach the next level of resistance at $ 3,403. However, the $ 3,500 record is probably far during today’s negotiation session.

If gold prices fall, the first significant level to watch is $ 3,303. If gold continues to drop, it could find a support around $ 3,268, which was also the lowest recorded several times at the end of April. In the event of a sharp decline, the next level of solid support is $ 3,245.