National and world gold prices increased slightly due to the high purchase volume.

Domestic gold price today 05/03/2025

At the time of the survey, at 4:30 am on May 3, 2025, internal gold prices increased slightly for gold my Hong and Bao Tin Minh Chau. 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.

At the same time, the price of SJC gold bullion was listed by Saigon Jewelry Company Limited-SJC to 119.3-121.3 million VND/Tael (purchase-sale), the price remained unchanged both in purchase and sale direction 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 118 to 119.5 million VND/Tael for purchase and sale. Compared to yesterday, the price of gold increased by 2 million VND/Tael for purchase and in 1 million VND/Tael for sale.

The price of SJC gold in Bao Tin Minh Chau Company Limited is marketed between 118.1 and 121 million VND/Tael (buying -sale, increased slightly by 100 thousand Vnd/Tael in a purchase direction – without changes in the direction of sale compared to yesterday.

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.

At 4:30 am today, the price of Round Rings Hung Thinh Vuong 9999 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.

Bao Tin Minh Chau quoted the price of gold rings between 116.4 and 119.7 million Vnd/Tael (purchase-sale); increased by 100 thousand Vnd/Tael both in the direction of purchase and for sale compared to yesterday.

The last gold price list today, May 3, 2025, is as follows:

Global Price of Gold Today 05/03/2025 and Fluctuation Graph of the world price of gold in the last 24 hours

According to Kitco, the world price of gold recorded at 4:30 am today, Vietnam’s time, was $ 3,262.85. The price of gold today increased 43.93 USD/ounce compared to yesterday. Depending on the exchange rate of the US dollar in Vietcombank (26,180 Vnd/USD), world gold costs about 101.63 million VND/Tael (not including taxes or rates). In this way, the price of SJC gold bullion is 19.67 million Vnd/Tael higher than the international price of gold.

World gold prices increased slightly “technically” because investors took the opportunity to buy when prices were at their lowest level in the last two weeks. However, gold prices faced a second consecutive week of fall, falling approximately 2.1% since the beginning of the week. American gold futures also rose 1.3% to $ 3,262.10 an ounce.

Gold prices this week were largely driven by more positive news in commercial relations between the United States and China. The China Ministry of Commerce said that the United States has repeatedly expressed its desire to resume tariff negotiations and that Beijing is ready for dialogue.

According to Rjo Futures expert, Daniel Pavilonis, the price level of $ 3,500 could be a maximum in the short term, especially if commercial agreements begin to take shape and the feeling of risk returns to the market. He said that the recent movements of the price of gold were somewhat exaggerated due to concerns about the trade war, but the situation is gradually calming down.

The employment report of the US labor Department shows that the labor market continues to grow well. Non -agricultural payrolls increased by 177,000 in April, above the previous prognosis of 133,000. However, the March figure was reviewed down, from a gain of 228,000 to 185,000 jobs. The unemployment rate in April remained unchanged compared to the previous month and stood at 4.2%. This is a factor that helps gold prices maintain a relatively stable state after yesterday’s strong fall.

As for the external factors that affect gold prices, the USD index dropped slightly during the day, while WTI crude oil prices are also weakening and quoted around 59 dollars a barrel. The 10 -year US government bond yield is currently 4,271%. All these factors can affect the management of the market of precious metals in the short term.

Next Monday, the American financial market will wait for the PMI Report of April services of April. If this index falls below 50, the dollar could lose its appeal. This will facilitate a recovery of gold prices (Xau/USD).

However, many investors will remain cautious and will not react immediately, but will wait for the official information of the monetary policy meeting of the United States Federal Reserve of May 6 and 7, as well as the statements of the President of the Fed, Jerome Powell, at the subsequent press conference.

In addition to gold, other precious metals also fluctuated slightly. The money in cash fell 0.1% to $ 32.35 an ounce, while the platinum rose 1% to $ 967.70 and the paladium rose 0.9% to $ 949 an ounce. However, the three metals are aimed at a weekly fall.

Gold price forecast

Chris Zaccarelli, Investment Director of Northlight Asset Management, said the risks of tariff disputes persist. If the US administration continues with its tariff plans after the 90 -day postponement ends in July, gold prices could react negatively as they did in early April.

The Federal Reserve is expected to maintain interest rates in the range of 4.25% to 4.5%. However, what interests the market most is the content of the statements of the president of the FED, Jerome Powell.

If President Powell suggests that the current priority of the FED is to support the labor market, many investors could bet on an early cut of the fees, which would support gold prices. However, if Powell expresses his concern that inflation will persist more time than expected, the possibility that Fed keeps high interest rates will exert even more downward pressure on gold.

Some analysts say that gold prices could continue to correct. However, many still believe that these corrections are only temporary and that they will continue to buy since the upward trend that lasts almost two years has not broken.

The expert David Morrison of Trade Nation said that the price zone of $ 3,200 is not a solid support for buyers at this time. He commented that the MACD technical indicator has turned down, while gold is still in an overcompra state. This shows that the bassist impulse is still dominant. The $ 3,200 mark is symbolic, it is not a strong barrier. If the sale pressure continues to increase, gold prices could go back to 3,150 or even $ 3,000 to test the market strength again.

The relative force index (RSI) in the daily chart is currently slightly above 50, suggesting that gold prices trend is still neutral. This means that the bearish reversion signal has not yet been confirmed and the market has not entered a clear bassist trend.

On the negative side, the threshold of $ 3,200 per ounce is considered a temporary support level. If gold continues to weaken and break this level, the market could go back to the range of $ 3,150 – $ 3,160 per ounce. This price zone coincides with the Fibonacci recoil level of 38.2% of the recent rebound and is also the lower limit of the bullish trend channel that began last December.

On the positive side, the $ 3,290 area – $ 3,300/ounce is considered the closest resistance. This is the intersection between the FIBONACCI correction level of 23.6% and the center of the Alcista trend channel. If the gold breaks this area, the next objective will be the area of ​​3,400 dollars an ounce.