Domestic gold prices surged then plummeted.
On the morning of May 17, 2025, the domestic gold market witnessed significant fluctuations. The price of SJC gold in Ho Chi Minh City was listed at 115.5 million VND/ounce (buying price) and 118.5 million VND/ounce (selling price), a decrease of 200,000 VND/ounce compared to the previous session. Gold price chart
In Hanoi, the price of SJC gold was also recorded at 115.5 million VND/ounce (buying price) and 118.5 million VND/ounce (selling price). The price of SJC 99.99% gold rings (1, 2, and 5 taels) is trading at 111 million VND/tael (buying price) and 114 million VND/tael (selling price), a decrease of 700,000 VND/tael in both directions compared to the previous session. VietNamNet News+2Gold price chart+2baoquangnam.vn+2
World gold prices fall sharply.
On the global market, spot gold prices fell sharply, heading for their biggest weekly decline in six months. The main reason is that the speech by the Chairman of the US Federal Reserve (Fed) led the market to expect interest rates to remain high, reducing the attractiveness of gold. Vietnam Financial TimesUrban Economy
Gold price trend forecast
According to experts, domestic gold prices may continue to fluctuate in the coming period, depending on developments in the global market and macroeconomic factors. Investors should closely monitor economic information and monetary policy to make informed investment decisions.
Note: Gold prices can fluctuate throughout the day. To get the latest gold prices, please visit the official websites of reputable gold brands or financial news sites.
