Update gold price today 5/1/2025 latest in domestic market

At the time of survey at 04:00 on May 1, 2025, the gold price today, May 1, 2025, maintained a sideways trend due to the market holiday, maintaining the price around 121 million VND/tael. Below is the latest detailed update of gold prices on May 1, 2025 from reputable businesses:

The price of SJC gold bars at Saigon Jewelry Company Limited - SJC is listed at 119.3-121.3 million VND/tael (buy - sell), the gold price is unchanged in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars in Hanoi listed by PNJ was 119.3-121.3 million VND/tael (buy - sell). The gold price remained the same in both buying and selling directions compared to yesterday.

At DOJI Group, SJC gold bar price was traded at 119.3-121.3 million VND/tael (buy - sell), unchanged in both buying and selling directions compared to yesterday.

SJC gold price at Mi Hong Jewelry Company is listed at 118.0-120.0 million VND/tael (buy - sell). Gold price is unchanged in both buying and selling directions compared to yesterday.

At Bao Tin Minh Chau Company Limited, the price of SJC gold bars is listed at 119.3-121.3 million VND/tael (buy - sell), unchanged in both buying and selling directions compared to yesterday.

SJC gold price in Phu Quy was traded by businesses at 118.3-121.3 million VND/tael (buy - sell), no fluctuations were recorded in both buying and selling directions compared to yesterday.

As of 04:00 today, the price of 999.9 round gold rings at PNJ is listed at 114.0-116.5 million VND/tael (buy - sell), unchanged in both buying and selling directions compared to yesterday.

The price of 999.9 gold jewelry at PNJ is listed at 114.0-116.5 million VND/tael (buy - sell), unchanged in both buying and selling directions compared to yesterday.

As of 4:00 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 114.0-116.5 million VND/tael (buy - sell).

Bao Tin Minh Chau listed the price of gold rings at 116.9-119.9 million VND/tael (buy - sell);

The latest gold price update table today, May 1, 2025 is as follows:

Update gold price today May 1, 2025 latest on the world market

At the time of trading at 04:00 on May 1, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,306.15 USD/ounce. Converted according to the USD exchange rate on the free market (26,180 VND/USD), the world gold price is equivalent to about 104.6 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (119.3-121.3 million VND/tael), the SJC gold price is currently about 16.7 million higher than the international gold price.

Gold prices today, May 1, 2025, on the world market recorded a slight decrease, but remained high, fluctuating around 3,308.52 USD/ounce. Although gold prices sometimes decreased by more than 1% during the day, overall, gold is still on a good growth path, with an increase of 6% throughout April. This shows that gold continues to be an attractive investment channel, especially in the context of global economic fluctuations.

The main reason why gold prices have not fallen much is because many believe that the US Federal Reserve (Fed) will soon cut interest rates. The latest data shows that the US economy grew more slowly than expected in the first three months of 2025, reaching only -0.3%. This has caused businesses to rush to import goods to avoid new taxes that may be applied. When the economy is difficult, the Fed often cuts interest rates to stimulate consumption and investment, and this is beneficial for gold prices. Gold is often seen as a "safe haven" during economic uncertainty, and a low interest rate environment makes gold more attractive than other assets such as bonds.

According to Mr. Tai Wong, a precious metals expert, gold is in a strong bullish phase. Although it just reached a record of 3,500 USD/ounce on April 22, the price of gold may not increase sharply but fluctuate sideways in the coming time. However, if by June 2025, the US economy continues to show signs of weakness, the Fed may cut interest rates more strongly, even by 1% by the end of the year. This will be good news for the latest gold price on May 1, 2025, because gold usually increases in price when interest rates decrease.

Another factor influencing gold prices is the US personal consumption expenditures (PCE) price index. In March 2025, the index was unchanged from the previous month, but excluding food and energy, the PCE rose sharply to 3.5%. However, gold prices have maintained their appeal, largely thanks to the surprise of weak US economic data. Investors are now waiting for the US April jobs report, due on Friday, for further clues on the Fed's interest rate policy.

In addition, the gold market in China, one of the world's largest gold consumers, will be closed from May 1 to May 5 due to the Labor Day holiday. This may reduce gold trading in the short term, but will not have much impact on the long-term trend of gold prices today, May 1, 2025 on the world market. As a safe asset in times of uncertainty, gold remains the top choice for many investors.

News, gold price trends today 5/1/2025 domestic and world gold prices

Today's domestic gold price, May 1, 2025, did not record any fluctuations, remaining at a high level around 121 million VND/tael due to the market holiday. Specifically, the price of SJC gold bars at Saigon Jewelry Company Limited - SJC was listed at 119.3-121.3 million VND/tael for both buying and selling. Similarly, DOJI Group and Bao Tin Minh Chau Company Limited also maintained this price, unchanged from the previous day. At Phu Quy, the price of SJC gold was at 118.3-121.3 million VND/tael, also unchanged. The price of gold rings at Bao Tin Minh Chau reached 117.1-120.1 million VND/tael, with no adjustment.

In the world market, the gold price today, May 1, 2025, fluctuated at 3,300.0 USD/ounce, equivalent to about 104.0 million VND/tael when converted at the free exchange rate. The international gold price is fluctuating between 3,200-3,380 USD/ounce, showing the tug of war between selling pressure and expectations of price increases. Experts say that gold will continue to maintain an upward trend in the long term thanks to its role as a safe haven asset, especially when the global economy faces the risk of recession and interest rate policy may decrease.

Although the world gold price once hit a record of $3,500/ounce, the recent correction to $3,300/ounce is normal, according to Bernard Dahdah of Natixis. He said that if geopolitical tensions increase, the gold price could reach $4,000/ounce. Gold demand from China is also an important factor that could boost prices in the coming time. Meanwhile, Michael Matousek of US Global Investor predicted that gold could reach $3,590/ounce by the end of 2025, even reaching $3,800/ounce.

The World Bank forecasts that the gold price today, May 1, 2025, will remain high, averaging around $3,250/ounce this year, up 36% compared to 2024. In 2026, the gold price may drop slightly to $3,200/ounce, but it will still be a prominent investment channel due to the need for safe haven amid global instability. With these developments, investors need to closely monitor the market to make appropriate decisions.