Update SJC gold price
As of 6:00 a.m., the price of SJC gold bars listed by DOJI Group was at 83-85.5 million VND/tael (buy - sell); unchanged.
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 83-85.5 million VND/tael (buy - sell); unchanged.
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 83-85.5 million VND/tael (buy - sell); unchanged.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2.5 million VND/tael.
The difference between buying and selling gold prices is listed at around 2.5 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.
Price of round gold ring 9999
As of 6:00 a.m. today, the price of Hung Thinh Vuong 9999 gold rings at DOJI is listed at 83.3-84.3 million VND/tael (buy - sell); unchanged.
Bao Tin Minh Chau listed the price of gold rings at 83.28-84.38 million VND/tael (buy - sell); unchanged.
World gold price
As of 11:00 p.m. on December 4 (Vietnam time), the world gold price listed on Kitco was at 2,654.9 USD/ounce, up 9.6 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices increased in the context of the USD index decreasing. Recorded at 23:00 on December 4, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.207 points (down 0.13%).
Gold prices are receiving solid support from strong buying. Central banks bought a net 60 tonnes of gold in October, with the Reserve Bank of India (RBI) leading the way, according to the latest data from the World Gold Council (WGC). India added 27 tonnes of gold in October, taking its year-to-date total to 77 tonnes. India’s net purchases were five times higher than its 2023 activity.
“Emerging market central banks continue to dominate the market. Türkiye and Poland have added 72 tonnes and 69 tonnes to their gold reserves since the start of the year, respectively. These three central banks alone account for 60% of global net purchases this year,” said Marissa Salim, head of APAC research at the WGC.
In notable international news, South Korean opposition leaders called for the impeachment of President Yoon Suk-yeol after he declared martial law but later withdrew it. The South Korean won recovered but the country's stock market fell.
Meanwhile, French President Emmanuel Macron called on lawmakers to reject a vote of no confidence that could bring down his government.
"Although markets are relatively calm, investors are concerned that the turmoil could raise France's borrowing costs and put pressure on the euro," Bloomberg reported. The vote is scheduled to begin at 10 a.m. New York time.
The OECD forecasts that the world's major economies will grow faster in 2025. However, the global economic recovery could be threatened by rising trade tariffs. The OECD report assumes no change in trade policy, but that is unlikely given US President-elect Donald Trump's vow to impose higher import tariffs. Several countries have already announced retaliation if the US implements this policy.
The U.S. economy has a lot of important data this week, with the Labor Department’s November jobs report due Friday. According to a Bloomberg survey, nonfarm payrolls are likely to increase by about 200,000. Meanwhile, OPEC meets on Thursday.
Today's important outside market recorded the price of crude oil futures on the Nymex floor inching up, trading around $70/barrel. The yield on the 10-year US Treasury bond is currently at 4.24%.
See more news related to gold prices HERE...
