National Gold Prize
Golden ingots on the domestic market are currently maintained at a stable level. Currently, the main gold brands buy 119.3 million VND/Tael and sell at 121.3 million VND/Tael. In particular, Phu Quy SJC buys gold at a price of approximately 1 million VND to that of other brands. Meanwhile, the gold of Bao Tin Minh Chau has a lower purchase price of 1.2 million VNDs and a sale price of 300,000 VND at the general level.
In addition, the gold rings of many brands have also kept the same purchase and sale prices as yesterday morning. For example, SJC 9999 gold rings are currently listed at 114 million VND/Tael for purchase and 116.5 million VND/Tael for sale.
In the Doji system of Hanoi and Ho Chi Minh City, the price of gold rings remains unchanged at 114 million VND/Tael for purchase and 116.5 million VND/Tael for sale.
On the contrary, Bao Tin Minh Chau carried out a slight adjustment of 100,000 VND in both directions, bringing the purchase price to 116.4 million VND/Tael and the sale price at 119.7 million VND/Tael.
The PNJ brand is currently offering gold rings at 112 million VND/Tael for purchase and 116 million VND/Tael for sale, a respective drop of 2 million VNDs and 1 million VND compared to before.
Phu Quy SJC is buying gold rings at 114.5 million VND/Tael today and sells them at 117.5 million VND/Tael, an increase of 200,000 VND for both directions.
World Gold Prize
The Kitco website said that at 5 a.m. this morning, Vietnam time, the gold price for the international market on the international market reached 3,241.6 USD/OCE. This level increased by 1.3 USD compared to the previous session. Converted to the USD free exchange rate of 26,416 VND/USD, international gold is equivalent to around 102.8 million VND/Tael (excluding taxes and costs). Thus, SJC gold lights are currently about 18.5 million VND/Tael higher than the world price of gold.
Despite a slight increase since the start of the day, world gold prices remain below last Friday peak, due to recently published data showing that the American labor market is better than expected. At the same time, positive signals concerning trade tensions between the United States and China have also helped to reduce the demand for refuge values, which led gold to record its second consecutive weekly decrease after a series of high increases.
According to recently published data, the US economy created 177,000 jobs last month, exceeding analysts’ initial estimates. However, this figure remains much lower than 228,000 jobs created in March. The unemployment rate remained stable at 4.2%, in accordance with market expectations. However, experts claim that this data only reflects the situation in April and does not fully assess the impact of the pricing policy of US President Donald Trump.
“The price of gold seems to be able to reach 3,500 dollars, which could be a summit for a certain time, especially if some trade agreements begin to materialize and if the appetite for the risk begins to overcome the negative euphoria that we have observed since the negotiations on customs tariffs,” said Daniel Pavilonis, the main market of the market at Rjo Futures.
Non -agricultural wages increased by 177,000 jobs last month, according to data. A Reuters survey provided an increase of approximately 130,000 jobs.
However, this is a retrospective report and it is still too early to conclude that the labor market has fully suffered the impact of the constantly evolving pricing policies of US President Donald Trump. After the publication of employment data, investors reduced their expectations that the Federal Reserve could reduce its interest rates in June.
The yield of US treasury bills at 10 years has increased. Higher interest rates generally make gold, which does not bring in interest, less attractive for investors.
“With the weakening of the demand for refuge values, gold prices could further drop and potentially break the support near the region by $ 3,200 this week,” said Fawad Razaqzada, market analyst at City Index and Forex.com.
In the precious metal market, money prices for money are currently down from 1.2 % to $ 32.01 per ounce; Platinum fell 0.2% to $ 958.70 and Palladium increased by 0.5% to $ 945.25. The three metals are down this week.
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Source : https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-3-5-vang-the-gioi-quay-dau-tang-nhe/20250503075849202
