National and international gold prices increased dramatically because Mr. Trump imposed new taxes.

price of domestic gold today 05/07/2025

At the time of the survey, at 4:30 am of May 7, 2025, internal gold prices increased sharply to the highest level of the last 2 weeks. Specifically:

The Doji group quoted the price of SJC gold bullion at 120.2-122.2 million VND/Tael (purchase-sale), an increase of 2.4 million VND/TAEL both in the direction of purchase and sale compared to yesterday.

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

In my Hong Jewelry Company, the price of my Hong’s gold at the time of the survey indicated that the price of gold SJC 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 by 3 million VND/Tael for sale.

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

The price of gold SJC in Phu QUY is marketed between 119.8 and 122.8 million VND/Tael (purchase-sale), the price of gold increased by 3 million VND/TAEL both in the direction of purchase and sale compared to yesterday.

At 4:30 am today, the price of the Redondo Redondo Ring Hung Thinh Vuong 9999 in Doji is between 115.5 and 118 million VND/Tael (purchase-sale); increased by 3 million VND/Tael both in the direction of purchase and for sale compared to yesterday.

Bao Tin Minh Chau quoted the price of gold rings between 117.5 and 120.5 million Vnd/Tael (purchase-sale); increased by 2 million VND/TAEL both in the purchase and sale direction compared to yesterday.

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

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

world Gold Price Hoy 05/2025 and Fluctuation Graph of the World Gold Price in the last 24 hours

According to Kitco, the world price of gold recorded at 4:30 am today, Vietnam’s time, was $ 3,384.16. The price of gold today increased USD/ounce compared to yesterday. Depending on the exchange rate of the US dollar in Vietcombank (26,150 VND/USD), world gold costs around 107.76 million VND/Tael (not including taxes or fees). In this way, the price of SJC gold bullion is 14.44 million VND/Tael higher than the international price of gold.

World gold prices rose to a maximum of two weeks due to China’s strong demand after vacations and concerns that the United States could impose tariffs on pharmaceutical imports. Meanwhile, investors expect the results of the Monetary Policy Meeting of the United States Federal Reserve (FED).

Specifically, gold cash prices increased by 1.98%, to the highest level from April 22. American gold futures also reached a maximum of two weeks, 2.4% more, at $ 3,403.

The China Gold Market has reopened after the Labor Day holiday, from May 1 to 5. According to Adrian Ash, Bullionvault research director, the current increase in gold prices is driven by a strong wave of investment from China, along with central banks that seek to reduce their dependence on US assets, especially the dollar.

Gold prices are entering a new rebound as investors rush safe refuge assets. It is worth noting that the dollar is gradually losing its “safe shelter” status compared to gold. If the Trump administration fails to reach a commercial agreement with the countries, especially those of the G20 group, gold prices could rise even more drastically.

Gold prices have reached new records several times this year due to commercial tensions related to tariffs. Recently, the president of the United States, Donald Trump, announced that he will impose new taxes on the imported pharmaceutical products in the next two weeks. Yesterday, Mr. Trump also announced a 100% tax on films produced abroad.

Gold prices are being backed by a strong participation of Chinese speculators, according to Daniel Ghald, strategist of TD Securities raw materials. Meanwhile, in Western markets, although gold prices are high, holdings remain low. These factors could continue promoting the increase in gold prices, even reaching $ 4,000 ounce this year.

The gold market is also attentive to the next political decision of the Federal Reserve, whose announcement is scheduled for May 8. President Jerome Powell’s statements are expected to provide clues about the time of feat cuts. High interest rates often cause gold prices to fall because it is an asset that does not generate yields.

The cash in cash also rose 2% to $ 33.16, the ounce, the platinum rose 2.3% to $ 981.44 and the paladium rose 2.5% to $ 964.45.

Yesterday, gold prices exceeded the first level of important resistance at $ 3,368. If this upward impulse continues, the price could quickly reach the next level of resistance at $ 3,403. However, the historical maximum of $ 3,500 is probably still far in today’s negotiation session.

If gold prices fall, the first important level to consider is $ 3,303. If gold falls even more, you could find support around $ 3,268, which was also the minimum registered several times at the end of April. In case of a strong fall, the next solid support level is at $ 3,245.