Update on the closing price of gold on November 29: Increased both domestically and internationally

Update SJC gold price

As of 6:30 p.m., the price of SJC gold bars was listed by DOJI Group at 83.3-85.8 million VND/tael (buy - sell).

Compared to the close of the previous trading session, gold price at DOJI increased by 400,000 VND/tael for both buying and selling.

The difference between buying and selling price of SJC gold at DOJI Group is at 2.5 million VND/tael.

Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 83.3-85.8 million VND/tael (buy - sell).

Compared to the close of the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 400,000 VND/tael for both buying and selling.

The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2.5 million VND/tael.

Bao Tin Minh Chau listed SJC gold price at 83.3-85.8 million VND/tael (buy - sell).

Compared to the close of the previous trading session, gold price at Bao Tin Minh Chau increased by 400,000 VND/tael for both buying and selling.

The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2.5 million VND/tael.

The difference between buying and selling gold prices is listed at around 2 million VND/tael. Although it has decreased compared to the previous trading session, this difference is still very high.

This price difference is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make profits, especially in the short term.

9999 round gold ring price

As of 6:50 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 83.8-84.8 million VND/tael (buy - sell), an increase of 300,000 VND/tael for buying and an increase of 100,000 VND/tael for selling compared to the close of the previous trading session.

Bao Tin Minh Chau listed the price of gold rings at 83.68-84.78 million VND/tael (buy - sell); increased by 300,000 VND/tael for buying and increased by 50,000 VND/tael for selling.

World gold price

As of 6:30 p.m., the world gold price listed on Kitco was at 2,662.4 USD/ounce, up 16.3 USD/ounce compared to the close of the previous trading session.

Gold Price Forecast

World gold prices increased amid a decrease in the USD index. Recorded at 6:30 p.m. on November 29, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 105.950 points (down 0.09%).

World gold prices tend to increase in the context of escalating geopolitical tensions.

AP reported that on November 27, Russia launched a large-scale missile and drone attack on Ukraine’s energy infrastructure, raising concerns that Russia is planning to destroy Ukraine’s power supply system before winter arrives.

“Attacks on energy facilities are taking place across Ukraine,” Ukrainian Energy Minister Herman Halushchenko wrote on Facebook. He added that Ukraine was implementing emergency power cuts across the country. Multiple explosions were reported in Kiev, Kharkiv, Rivne, Khmelnytskyi, Lutsk and other cities in central and western Ukraine.

Escalating geopolitical tensions are prompting investors to seek gold as a hedge against rising prices, said Brian Lan, a precious metals broker based in Singapore.

On the other hand, James Stanley - senior market strategist at Forex.com, the precious metal's nine-month winning streak is at risk of ending when November ends.

“If nothing special happens in the next few days, with the Thanksgiving holiday in the US and the last trading day of the month, this upward streak looks set to break,” he said.

“However, if the buyers continue to act, it will provide clear support after the correction. This could keep the bullish trend for gold intact as we enter the end of a volatile year for the precious metal,” the expert said.