Update SJC gold price
As of 5:30 p.m., DOJI Group listed the price of SJC gold bars at VND82.7-85.2 million/tael (buy - sell), down VND200,000/tael in both directions.
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 82.7-85.2 million VND/tael (buy - sell), down 200,000 VND/tael in both directions.
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 82.7-85.2 million VND/tael (buy - sell), down 200,000 VND/tael in both directions.
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 the buying and selling price of gold is listed at around 2.5 million VND/tael. This price difference is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make a profit, especially in the short term.
Price of round gold ring 9999
As of 6:15 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 83-84 million VND/tael (buy - sell); down 300,000 VND/tael for both buying and selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 82.98-84.08 million VND/tael (buy - sell); down 300,000 VND/tael for both buying and selling.
In Hanoi, many people still patiently queued from early morning to buy plain round gold rings. However, many people said that owning 9999 plain round gold rings at this time is very difficult. Many customers had to queue from early morning and wait for many hours in the hope of buying even a small amount.
According to the General Statistics Office, the price index of other goods and services in November 2024 increased by 0.29%. Of which, the gold price index in November increased by 2.26% compared to the previous month.
World gold price
As of 5:15 p.m., the world gold price listed on Kitco was at $2,639/ounce, down $9.4/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices fell as the USD index increased. Recorded at 5:25 p.m. on December 6, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 105.870 points (up 0.14%).
Gold prices fell after the US released weekly jobless claims data. The number of people filing new claims for unemployment benefits rose slightly last week, suggesting the labor market continues to cool gradually.
Economists expect the US non-farm payrolls report to reveal around 200,000 new jobs added in November. This is important because it could shape the US Federal Reserve's (FED) approach to normalizing interest rates at the final meeting of the Federal Open Market Committee (FOMC) on December 18.
If this report shows the economy is stronger than expected, the Fed could maintain or even raise interest rates, which would continue to put pressure on gold prices.
Despite the current decline in gold prices, experts at macroeconomic research firm Capital Economics remain optimistic about the future of gold. They believe that central bank demand and unconventional factors such as uncertain fiscal policies will continue to support gold prices.
According to forecasts, by the end of 2025, gold prices could range from $2,650 to $2,750 per ounce.
Meanwhile, Jigar Trivedi, senior analyst at Reliance Securities, said gold could test support at $2,550 an ounce and resistance at $2,700 an ounce in December 2024. The trend in the next few weeks could be bearish due to profit-taking due to the strong rally this year.
See more news related to gold prices HERE...
