National and world gold prices cool

Gold price update today 05/07/2025, last data in the national market

At the time of the survey, at 10:00 am on May 7, 2025, internal gold prices registered an upward trend in most of the main commercial systems. The increase varies between Vnd200,000 and Vnd700,000/Tael, depending on the brand and the region. Specifically:

The price of SJC gold bullion is quoted at 120.7 million VND/Tael (purchase) and 122.7 million VND/TAEL (sale), an increase of 500,000 VND/TAEL in both addresses compared to yesterday.

In the DOJI system, the price of SJC gold bullion also recorded a similar increase, with prices of purchase and sale of Vnd120.7 million/Tael and Vnd122.7 million/Tael, respectively, an increase of Vnd500,000/Tael in both directions.

The gold price of my Hong increased slightly in the purchase direction, reaching 120.7 million VND/Tael (200,000 Vnd more), while the sales address increased abruptly to 122.7 million VND/Tael (700,000 Vnd Mas).

In PNJ, the price of the SJC gold bullion is marketed at 115.5 million VND/TAEL (purchase) and 118.1 million VND/TAEL (sale). The increase is 500,000 Vnd/Tael for purchase and 100,000 Vnd/Tael for sale.

The price of gold SJC in Bao Tin Minh Chau today is quoted at 120.7 million VND/Tael (purchase) and 122.7 million VND/Tael (sale), an increase of 500,000 Vnd/Tael in both directions.

Contrary to the upward trend of the market, the price of gold SJC in Phu quy decreased slightly by 100,000 Vnd/Tael in both directions, up to 119.7 million VND/Tael (purchase) and 122.7 million VND/TAEL (sale).

At 10:00 am today, the price of Round Rings Hung Thinh Vuong 9999 in Doji is quoted between 114.5 and 118.0 million Vnd/Tael (purchase-sale); Purchases lowered a million Vnd/Tael compared to yesterday. Bao Tin Minh Chau calculated the price of gold rings between 117.5 and 120.5 million Vnd/Tael (purchase-sale).

The price of gold today May 7, 2025 shows a dominant upward trend in the main brands, with a uniform increase in many systems. However, some brands such as Phu Quy recorded a slight decrease, creating differentiation in the market. Experts predict that gold prices can continue to fluctuate in the next time, depending on the economic situation and the evolution of the world price of gold.

The last price update table today, May 7, 2025, is as follows:

Gold price update today May 7, 2025, the latest in the world market

At the time of negotiation at 10:00 am of May 6, 2025 (Vietnam time), the world price of gold recorded by kitco was 3,385.63 USD/ounce. Converted according to the exchange rate of the US dollar in the free market (26,180 VND/USD), the world price of gold is equivalent to about 107.12 million VND/TAEL (not including taxes or fees). Compared to the national price of the SJC gold bullion of the same day (120.7-122.7 million VND/Tael), the current price of gold SJC is approximately 15.58 million higher than the international price of gold.

Today, May 7, 2025, the price of gold in the world market has increased slightly, partly due to optimism about the possibility of commercial negotiations between the United States and China, which has changed the demand for shelter assets such as gold. Specifically, cash prices rose almost 1%, to 3,390.18 dollars an ounce around 10:00 GMT. Earlier, in yesterday’s negotiation session, gold prices increased almost 3%, showing strong market volatility.

It is believed that the main reason for this fall is that investors expect positive signals of commercial negotiations between the two main economies. Ilya Spivak, director of Global Macroeconomy of Tastylive, said that the market was moving towards a mode of “high risk” since there were signs that the United States and China had initiated real negotiations. An upcoming meeting between the Secretary of the United States Treasury, Scott Besent, the main commercial negotiator, Jamieson Greer, and the senior Chinese economic official Xia Lifeng, in Switzerland this weekend, has increased those expectations.

However, tensions are still high since the two countries imposed retaliation tariffs last month, which generates fears of a world commercial war that could lead to an economic recession. The president of the United States, Donald Trump, has also said that he and senior officials will review possible trade agreements in the next two weeks to decide what to accept, keeping the markets alert.

In addition, the attention of investors today also focuses on the meeting of the Federal Open Market Committee (FOMC), the policy formulation body of the United States Central Bank (Fed). The Fed is expected to maintain interest rates without changes in this meeting, but it will maintain its ambiguous position to maintain flexibility, especially while trying to evaluate the impact of commercial war on growth and inflation. According to the operators, the Fed is likely to reduce interest rates in about 80 basic points this year, starting in July, and the comments of the president of the Fed, Jerome Powell, will be a key factor to reveal this moment.

Gold is usually considered a safe shelter in times of economic and political uncertainty, especially when interest rates are low. This means that if interest rates fall, gold prices could find support and rise again. However, in the current situation, the prices of other precious metals such as silver, platinum and paladium are also falling, to $ 32.93, 979.07 dollars and $ 970.28 an ounce, respectively, which shows a general pressure in the precious metal market. Therefore, the price of gold today, May 7, 2025, in the world market is being influenced by both commercial expectations and the Fed decision, creating a complicated panorama for investors.

News, Gold Price Trends today 05/07/2025 National and international gold prices

Gold prices today, May 7, 2025, are having notable fluctuations in the international market. Although gold prices have recently had a strong fall, the general trend is still upwards due to the unstable world context. The decisions of the administration of US president Donald Trump could have an important impact on world financial and raw materials.

In the US stock market, the feeling of risk aversion is returning since there has been no progress in the World Trade War. This has led investors to resort to gold as a safe refuge. In addition, the increase in the price of some key currencies such as the Japanese Yen is exerting pressure on the USD, causing the price of gold today, May 7, 2025, to be affected when the USD weakens.

Technically, gold prices face strong resistance at $ 3,509.9 The ounce, while support is at $ 3,209.4 The ounce of last week. At 6:00 am on May 7, the international price of gold reached 3,396 USD/ounce, 46 USD more compared to the lowest level of 3,350 USD/ounce.

Gold prices today, May 7, 2025, continued to increase thanks to the strong demand for gold in China, especially by retailers. The Shanghai Gold Stock Exchange recorded a record volume of operations, reflecting the tendency to accumulate gold in the midst of world economic and commercial uncertainty. The weakening of the US dollar also contributed to the increase in gold prices, since gold normally has an inverse relationship with the currency, which makes it more attractive to international investors.

In addition, US stock market rates fell and the feeling of risk aversion increased due to lack of advances in world trade war. This further strengthens the role of gold as a safe investment channel, supporting the price of gold today, May 7, 2025, to continue the positive trend.