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Gold prices on May 3 are showing signs of a potential rebound after the holiday break. In Vietnam’s domestic market, SJC gold bars are quoted by major traders at 163 million VND per tael for buying and 166 million VND per tael for selling, down 2.8 million VND per tael compared with the end of last week.
For 99.99% gold bars and jewelry, prices are at 162.5 million VND per tael for buying and 165.5 million VND per tael for selling, down 2.9 million VND per tael.
In April, gold prices fell by about 10 million VND per tael. Compared with the Q1 2026 peak of 190–191 million VND per tael, prices are down by roughly 22 million VND per tael.
Globally, gold closed the week at 4,615 USD per ounce, down about 100 USD per ounce from the previous week. Analysts expect gold prices to rise next week, citing a rebound scenario after the holiday period.
A Kitco poll of 16 Wall Street analysts showed 50% expecting higher prices, 31% expecting lower prices, and 19% expecting no change.
In a Main Street online poll with 79 participating investors, 46% expected higher prices, 30% expected lower prices, and 24% expected no change—suggesting renewed interest in the precious metal.
Adam Button, Head of FX Strategy at Forexlive.com, expects the Middle East conflict to end soon. If that happens, he said gold could rise to 5,000 USD per ounce within a few weeks, adding: “I am 51% confident gold will be higher next week.”
By contrast, Alex Kuptsikevich, Senior Market Analyst at FxPro, expects gold to continue declining in the near term, with strong support around 4,540 USD per ounce.
The world gold price is currently equivalent to about 146.7 million VND per tael at the local exchange rate, which is about 19.3 million VND per tael lower than the domestic price.
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