National and world gold prices anchored at a maximum of 121 million VND

Domestic gold price today 4/5/2025

At the time of the survey at 1:30 p.m. On May 4, 2025, the price of gold stagnated at a maximum of 121 million VND. Specifically:

The price of SJC gold bullion listed by Doji Group is between 119.3 and 121.3 million VND/Tael (purchase – sale), the price remains unchanged both in purchase and sale direction compared to yesterday. Compared to last week, the price of gold increased by 300 thousand VND/Tael both in the direction of purchase and sales.

At the same time, the price of SJC gold bullion was listed by Saigon Jewelry Company Limited – SJC at 119,3-121.3 million VND / Tael (purchase – sale), the price remained unchanged both in purchase and sale addresses compared to yesterday, but increased by 300 thousand VND / Tael in purchase and sale addresses compared to last week.

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 118 to 119.5 million VND/Tael for purchase and sale. In comparison to yesterday, gold prices remained unchanged both in purchase and sales direction. Compared to last week, the price of gold decreased by 1 million Vnd/Tael for purchase and 1.5 million VND/Tael for sale.

The price of SJC gold in Bao Tin Minh Chau Company Limited is marketed between 118.3 and 121 million VND/Tael (purchase-sale), without changes in both purchase and sale direction compared to yesterday. 700 thousand VND/TAEL decreased in the purchase direction – without changes in sales direction compared to last week.

The price of gold SJC in Phu QUY is marketed between 118.3 and 121.3 million VND/Tael (purchase-sale), the price of gold remains unchanged both in purchase and sales direction compared to yesterday. The price of gold decreased by 200 thousand VND/TAEL in the purchase price and increased by 300 thousand VND/Tael in the sale price compared to last week.

At 1:30 p.m. Nowadays, the price of rounded golden rings 9999 Hung Thinh Vuong in Doji is listed between 114 and 116.5 million VND/Tael (purchase-sale); No changes in both the purchase and sale direction compared to yesterday and compared to last week.

Bao Tin Minh Chau quoted the price of gold rings between 116.6 and 119.7 million Vnd/Tael (purchase-sale); No changes both in the purchase and sales direction compared to yesterday; 400 thousand Vnd/Tael were lowered in purchases and 300 thousand Vnd/Tael in sales compared to last week.

The last gold price list today, May 4, 2025, is as follows:

world Gold Price Hoy 04/05/2025 and Fluctuation Graph of the World Gold Price in the last 24 hours

According to Kitco, the world price of gold recorded at 1:30 p.m. Today, Vietnam’s time, it was at 3,239.27 USD/ounce. The price of gold today remains without changes compared to yesterday and drops 86.98 USD/ounce compared to last week. Depending on the exchange rate of the US dollar in Vietcombank (26,180 VND/USD), world gold costs about 103.27 million VND/Tael (not including taxes or rates). In this way, the price of SJC gold bullion is 18.03 million Vnd/Tael higher than the international price of gold.

World gold prices ended the week with a 2.61% drop compared to last week. According to experts, there are no panic signs in the market. This suggests that gold prices could be entering a phase of accumulation in a high price zone. Gold prices are still stable in this area of ​​short -term resistance, but to accelerate again, gold prices need to overcome the $ 3,300 mark, said PHILLIP Streible expert.

Although prices have fallen more than 7% from a peak of $ 3,500, gold prices are still up almost 24% so far this year, demonstrating that the long -term upward trend has not broken. According to Michael Brown, from Pepperstone, the current correction is a good opportunity to buy, because the long -term perspectives for gold remain very solid, especially in the context of the many uncertainties of the Trump administration and the deceleration of the US economy.

Ole Hansen, from Saxo Bank, also believes that it is time to take advantage of the correction to buy, but points out that gold prices can still fall. Hansen said that the reaction of Chinese investors would follow closely when they return to the market after a prolonged vacation.

A factor that could act as a catalyst next week is the monetary policy meeting of the United States Federal Reserve. Although the US economy is slowing down, recent data still show considerable resilience. The GDP of the first quarter fell 0.3% due to a strong increase in imports, while the labor market, although with difficulties in some areas, remained stable with 177,000 new jobs last month, exceeding forecasts.

Unemployment remained at 4.2% and wages increased constantly. Inflation also does not show signs of increasing. This could lead to the Fed to consider changing its position at its next meeting, although it has previously maintained a neutral position and is not in a hurry to cut interest rates.

Many investors expect the fed to give signals of greater flexibility. According to Naeem Aslam, from Zaye Capital Markets, recent data have weakened the arguments in favor of keeping interest rates. He said that current correction makes gold prices more attractive, attracting a large number of investors to buy at the lowest levels.

However, Aslam also warned that the market will be very sensitive to both the monetary policy of the Fed and the evolution of world trade. He said that the cooling signals of tariff tensions are positive, but they could also limit the increase in gold prices in the short term.

Some other experts, such as Carsten Fritsch, of Commerzbank, said the market expectations that the Fed cut interest rates up to 90 basic points this year are too high. If the Fed does not, gold prices could run the risk of greater correction as expectations are emphasized.

In the next week, investors will closely follow the key economic events: the PMI of services of the ISM on Monday, the decision on the interest rates of the Fed on Wednesday, the meeting of the Bank of England and the weekly report of unemployment requests on Thursday. These will be key factors that can strongly influence the next direction of gold prices.

Gold price forecast

The weekly survey on Kitco News shows that Wall Street experts are inclined to the possibility of new falls in gold prices. Of the 18 experts surveyed, half predicted that prices would fall, 28% expected an increase and 22% said prices would remain stable. On the contrary, individual investors remain quite optimistic. Of the 273 online respondents, 52% believe that gold prices will rise next week.

The pressure on gold prices now comes mainly from the expectations that US interest rates will remain high in the short term. In addition, the positive signals of commercial negotiations between the United States and China have reduced the demand for gold as a safe refuge.

John Weyer of Walsh Trading said that gold prices are still dominated by information related to tariffs, including unconfirmed rumors. It predicts that gold prices will move laterally in the short term but with large fluctuations, because although it is a safe asset, gold is still very sensitive to market fluctuations.

According to Barchart expert, Darin Newsom, the technical chart shows that the short -term trend of June’s futures is still bassist. Alex Kuptsikevich of FXPro shared the same opinion and said the sales pressure increased during the weekend. He evaluated that at the beginning of April it was when buyers controlled the market, but now the vendors are testing the support around $ 3,200/ounce.

If prices continue to fall, gold prices could return to the area of ​​$ 2,900 and could even fall to 2,600-2,700 dollars the ounce if the sale accelerates.

Mr. Fawad Razaqzada of City Index also commented that gold could continue to lose value, even exceeding the $ 3,200 mark, as housing demand gradually decreases in the midst of prevailing economic optimism.

Some experts like Michael Moor and Fawad Razaqzada warn that if the optimistic feeling continues and the dollar increases, gold could fall deeply to the 3,000 dollar mark the ounce.

However, CPM Group believes that gold prices are approaching a short -term minimum in May. They recommend that investors consider buying when gold adjusts to the range of 3,000 – 3,150 USD/ounce.

Next week market attention will be the monetary policy meeting of the United States Federal Reserve on Wednesday. Although the Federal Reserve is expected to keep interest rates unchanged, investors will closely follow the comments of President Jerome Powell in search of signals from the next direction of monetary policy.