On May 7 at 9 a.m. Vietnam time, the world price of gold was exchanged at 3,385 USD/OCE, down 72 USD/OCE compared to the previous session. During the session, the price of gold has increased sharply to reach 3,435 USD/OCE, the highest level of the last 3 weeks.
Immediately afterwards, investors’ pressure to gain profits and new developments on the international market linked to geopolitical tensions in the regions of Israel, India and Pakistan … caused high fluctuations in gold prices. Gold prices fluctuated from 70 to 80 USD/OCE to each session.
On the domestic market, this morning, companies such as SJC and PNJ indicated that the purchase price of SJC gold ingots was 120.7 million VND/TAEL and the sale price was 122.7 million VND/TAEL, an increase of 500,000 VND compared to the end of yesterday. Gold prices have continuously fluctuated in recent days.
The world prices of gold fluctuate very strongly
Likewise, the price of 99.99 % gold rings and jewelry exchanged by companies is around 116 million VND/Tael for purchase and 118.5 million VND/Tael for sale, an increase of 500,000 VND/TAEL.
-Gold prices on the internal market fluctuate according to world prices. However, the difference between national and global gold prices remains very high. Currently, the world price of gold converted according to the indicated exchange rate is around 106.3 million VND/Tael, or 12 to 16 million VND/Tael less.
During the government’s ordinary meeting in April 2025, on May 6, the Prime Minister asked to maintain macroeconomic stability, control inflation and ensure the main balances of the economy. In particular, strengthening the management of the gold market, preventing and strictly treating the acts of speculation, manipulation, hoarding and smuggling.
The world price of gold exceeds 3,400 USD/Once before falling back
Source : https://nld.com.vn/sang-7-5-gia-vang-trong-nuoc-tang-them-500000-dong-luong-196250507092248648.htm
