•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Gold prices in Vietnam and globally fell sharply over the week. As of 11:00 a.m. on May 3, SJC bullion prices quoted by major gold traders were around 163–166 million VND per tael (buy–sell), down 2.8 million VND per tael from the previous weekend. Plain gold ring prices of 1–5 grams from SJC were also in the 162.5–165.6 million VND per tael range (buy–sell).
Ring gold prices from other brands were largely aligned with SJC. Bao Tin Minh Chau and Phu Quy traded ring gold at 163–166 million VND per tael, while Bao Tin Manh Hai offered ring gold at 163–165.9 million VND per tael (buy–sell). This price band had been maintained by brands throughout the April 30–May 1 holiday.
In April alone, gold prices in Vietnam fell by about 10 million VND per tael. From a peak around 190–191 million VND per tael recorded in Q1 2026, domestic gold has dropped by more than 24 million VND per tael.
Gold prices for Bao Tin Manh Hai were updated just after 10 a.m. on May 3.
Speaking to VTC News, financial expert Nguyen Tri Hieu said it is very difficult to forecast short-term gold price movements accurately because the precious metal tends to fluctuate sharply. He noted that gold could rise quickly but may also reverse and fall sharply within one or two weeks.
He pointed to the conflict in the Middle East, which has pushed oil prices higher and increased the risk of inflation in many countries. In a high-uncertainty environment, demand for safe-haven assets such as gold is expected to persist.
However, the expert cautioned that treating gold as a flexible short-term profit instrument carries high risk. Instead, investors should use proper asset allocation, not placing all capital in gold, and diversify with other channels such as equities, real estate, or bank deposits to reduce risk.
The sharp decline in domestic gold prices was attributed to the movement of global gold. The global price closed the week at $4,615 per ounce, down about $100 per ounce from the previous weekend.
Many analysts expect gold to stop declining next week. On Wall Street, 16 analysts responded: 50% forecast higher prices in the coming days, 31% expected lower prices, and 19% expected little change. On the Main Street online survey of 79 investors, 46% expected higher prices, 30% expected lower prices, and 24% expected a sideways move. Participation in the survey increased compared with previous weeks, indicating renewed investor interest.
Analysts also said US jobs data next week could provide signals, but it is likely to be overshadowed by the energy crisis and high oil prices. In this context, central banks are unlikely to act until it is clearer whether inflation is temporary or persistent, which could keep gold moving sideways.
— Minh Hang
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
