Updated gold price at the end of the session on November 29: Soaring, highest in two weeks

Khương Duy |

Updated gold price at the end of the session on November 29: All increased in both domestic and international markets.

SJC gold bar price

As of 5:45 p.m., DOJI Group listed the price of SJC gold bars at 152.9-154.9 million VND/tael (buy - sell), an increase of 900,000 VND/tael for buying and an increase of 700,000 VND/tael for selling. The difference between buying and selling prices is at 2 million VND/tael.

The price of SJC gold bars was listed by Bao Tin Minh Chau at 153.4-154.9 million VND/tael (buy - sell), an increase of 700,000 VND/tael in both directions. The difference between buying and selling prices is at 1.5 million VND/tael.

Dien bien gia vang SJC nhung phien giao dich gan day. Bieu do: Khuong Duy
SJC gold price developments in recent trading sessions. Chart: Khuong Duy

Phu Quy Jewelry Group listed the price of SJC gold bars at 151.9-154.9 million VND/tael (buy - sell), an increase of 700,000 VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.

Gia vang mieng SJC tai mot so don vi kinh doanh. Bang: Khuong Duy
SJC gold bar price at some trading units. Table: Khuong Duy

9999 gold ring price

As of 5:45 p.m., DOJI Group listed the price of gold rings at 151-154 million VND/tael (buy - sell), an increase of 1.2 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 151.5-154.5 million VND/tael (buy - sell), an increase of 1.2 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

Dien bien gia vang nhan nhung phien giao dich gan day. Bieu do: Khuong Duy
Gold ring price developments in recent trading sessions. Chart: Khuong Duy

Phu Quy Gold and Stone Group listed the price of gold rings at 150.7-153.7 million VND/tael (buy - sell), an increase of 700,000 VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.

The high buying and selling distance increases the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.

Gia vang nhan tron tai mot so don vi kinh doanh. Bang: Khuong Duy
Plain gold ring price at some business units. Table: Khuong Duy

World gold price

The world gold price was listed at 6:00 p.m., at 4,218.4 USD/ounce, up 55.8 USD compared to a day ago.

Dien bien gia vang the gioi nhung phien giao dich gan day. Bieu do: Khuong Duy
World gold price developments in recent trading sessions. Chart: Khuong Duy

Gold price forecast

Spot gold increased strongly, closing the week at 4,218.4 USD/ounce. Compared to the closing price of the previous trading session, world gold prices increased by about 3.8%, marking the fourth consecutive month of increase.

It is expected that the economy will continue to grow slowly as we enter 2026, and the US Federal Reserve (Fed) is likely to cut interest rates - which is pulling some investors back to gold, said Bart Melek, global commodity strategist at TD Securities.

Recent dovish statements from Fed Governor Christopher Waller and New York Fed President John Williams, along with weaker economic data following the recent US government shutdown, have reinforced expectations of a Fed rate cut next month.

Traders now see an 87% chance of a rate cut in December, compared to 50% last week.

Meanwhile, the technical charts of silver have become more positive over the past week, and thats attracting speculators according to the chart analysis to participate in buying positions, according to Jim Wyckoff, senior analyst at Kitco Metals.

In the context of strong gold price increases, UBS believes that political, fiscal and financial risks will push gold demand to increase even more strongly in the first half of 2026.

Demand for gold will continue to increase in the coming months, driven by interest rate cuts, falling bond yields, fiscal challenges and political chaos in the US, according to a new report from Union Bank of Switzerland (UBS - one of the world's largest financial and banking services corporations, headquartered in Switzerland).

Gold prices have recently recovered somewhat from their decline since late October, and we expect increased demand to support higher prices in the coming period. We believe that the continued interest rate cuts by the US Federal Reserve (Fed), real yields, increased fiscal risks and changes in the US internal political environment will reinforce the current strong buying trend from central banks and investors - UBS's Chief Investment Office wrote in an update on Thursday.

On November 20, UBS raised its target gold price forecast for mid-2026 to $4,500/ounce, from $4,200/ounce previously. The bank also raised the scenario to $4,900/ounce if political and financial risks suddenly increased.

Note: Gold price data is compared to a day earlier.

The world gold market operates through two main valuation mechanisms. The first is the spot delivery market, where prices are quoted for transactions and spot deliveries.

Second is the futures contract market, which sets prices for future deliveries. Due to year-end book-taking activities, December gold contracts are currently the most actively traded on CME.

See more news related to gold prices HERE...

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