Gold price today May 20: Domestic gold price decreases by up to 2.3 million VND/tael

Khương Duy |

Gold price today May 20: World gold prices fall sharply. Domestic gold prices decreased from 1.6 to 2.3 million VND/tael.

SJC gold bar price

As of 10:30 am, SJC gold bar prices were listed by DOJI Group at the threshold of 159-162 million VND/tael (buying - selling), down 2.3 million VND/tael on the buying side and down 1.8 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Ha Le

Bao Tin Minh Chau listed SJC gold bar prices at 159.5-162.5 million VND/tael (buying - selling), down 1.8 million VND/tael on the buying side and down 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 159-162 million VND/tael (buying - selling), down 1.8 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

9999 gold ring price

As of 10:30 am, DOJI Group listed the price of gold rings at 159-162 million VND/tael (buying - selling), down 1.8 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
Price of plain gold rings at some business units. Unit: VND/tael. Table: Ha Le

Bao Tin Minh Chau listed SJC gold bar prices at 159.5-162.5 million VND/tael (buying - selling), down 1.3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at 159-162 million VND/tael (buying - selling), down 1.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Currently, the buying - selling price difference of gold is at a very high level, around 3 to 4 million VND/tael, posing a risk of losses for investors.

Giá vàng miếng SJC và nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
SJC gold bar and plain ring prices at some business units. Unit: VND/tael. Table: Khuong Duy

World gold price

At 10:30 AM, world gold prices were listed around the threshold of 4,456.9 USD/ounce, down 101 USD compared to the previous day.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in world gold prices in recent trading sessions. Chart: Ha Le

Gold price forecast

World gold prices have just experienced a sharp week of decline, under pressure from higher-than-expected US inflation data, increased bond yields and a solid USD.

Investors sold off gold, causing the precious metal to fall to its lowest level since the end of March, with a decrease of nearly 4% in the past week. This development took place despite the conflict in Iran and high oil prices, which once supported gold prices as a safe haven channel.

Goldman Sachs believes that in the short term, gold may continue to be under pressure if investors sell liquid assets to supplement cash flow. However, buying demand from central banks is expected to remain strong in 2026, with an average purchase volume of about 60 tons per month, helping to stabilize the market and create recovery opportunities.

In the long term, Nicky Shiels – Head of Metal Research and Strategy at MKS PAMP – predicts gold will peak at $5,800/ounce by the end of 2026, with an average of about $4,500/ounce for the whole year.

She emphasized that the gold market has shifted from a tool to combat depreciation to reflecting oil prices in the context of conflict, while physical and industrial investment demand remains stable.

Silver and platinum are also highly appreciated for supply deficits and stable industrial investment demand. Silver is a "high-beta" metal, sensitive to both retail and institutional capital flows, which can increase sharply as supply tightens. Platinum is supported by demand for hybrid cars and jewelry, while palladium depends heavily on policy and automotive demand.

Experts all agree that, although gold will decrease in the short term, geopolitical factors, supply and demand, and institutional capital flows will continue to shape the trend, helping gold, silver, and platinum maintain long-term attractiveness this year and for the next decade.

Gold price data is compared to the previous day.

See more news related to gold prices HERE...

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