Gold price today January 1st: Domestic gold continues to decline

Khương Duy |

Gold price today January 1st: SJC gold bars and plain gold rings continued to fall sharply in today's trading session.

SJC gold price update

As of 9:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 150.8-152.8 million VND/tael (buying - selling), down 1.6 million VND/tael in both directions. The difference between buying and selling prices is at the threshold of 2 million VND/tael.

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

Bao Tin Minh Chau listed the price of SJC gold bars at 150.8-152.8 million VND/tael (buying - selling), 1.6 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.

Phu Quy Gold, Silver and Gems Group listed SJC gold bar prices at the threshold of 150.3-152.8 million VND/tael (buying - selling), down 1.4 million VND/tael on the buying side and down 1.6 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.

Gia vang mieng SJC tai mot so don vi kinh doanh. Bang: Khuong Duy. Don vi: dong/luong.
SJC gold bar price at some business units. Table: Khuong Duy. Unit: VND/tael.

Price of 9999 round gold ring

As of 9:00 AM, DOJI Group listed the price of gold rings at the threshold of 149-152 million VND/tael (buying - selling), down 1 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

Dien bien gia vang nhan tron nhung phien giao dich gan day. Bieu do: Khuong Duy
Fluctuations in plain gold ring prices in recent trading sessions. Chart: Khuong Duy

Phu Quy Gold, Silver and Gemstone Group listed the price of gold rings at 149.8-152.8 million VND/tael (buying - selling), down 1.2 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 152-155 million VND/tael (buying - selling), down 500,000 VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

The buying-selling gap is high, causing risks for individual investors to increase. Individual investors, especially those with "surfing" psychology, need to consider carefully before spending money.

Gia vang nhan tron tai mot so don vi kinh doanh. Bang: Khuong Duy
Price of plain gold rings at some business units. Table: Khuong Duy

World gold price

At 9:10 am, world gold prices were listed around the threshold of 4,317.6 USD/ounce, down 47.6 USD compared to the previous day.

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

Gold price forecast

World gold prices today fell sharply, falling to the lowest level in three weeks, while silver prices also plummeted deeply. Both precious metals are experiencing trading sessions with extremely large price fluctuations during the day, causing serious risks for both buyers and sellers, especially short-term futures contract traders, in the context of the market continuously "changing direction" strongly.

Despite the deep decline, gold prices are maintaining a support zone above 4,300 USD/ounce. This precious metal has closed the year with the strongest increase since 1979.

Gold prices have increased sharply in 2025, but experts believe there is still room for major increases in 2026. The interweaving of economy, risks and policies will determine the trend of precious metals.

In a recent interview, Mr. Juan Carlos Artigas - Head of Global Research at the World Gold Council (WGC) said that the room for growth is still very large.

Since May 2024, gold ETF funds have bought about 800 tons of gold" - he said - "This number sounds large, but in reality it is still less than half compared to previous high-risk periods. If economic conditions worsen significantly, demand may increase sharply not only from gold ETFs but also from OTC markets, derivatives markets and central banks. In that scenario, gold prices may even exceed the 5,000 USD/ounce mark".

Answering questions about the possibility of gold price adjustment when investment demand decreases, Mr. Artigas did not rule out this scenario.

To some extent, the current gold price has reflected the risk compensation from current conditions" - he said - "If US economic policies bring positive effects, boosting growth – such as by resolving trade disputes or a more friendly fiscal policy – then part of this compensation will disappear and gold prices may fall from 5% to 20%, depending on the specific developments".

Regarding technical analysis, gold buyers for February delivery are aiming to push the closing price beyond the strong resistance zone at a record peak of 4,584 USD/ounce. Conversely, sellers are aiming to pull the price below the important support level of 4,200 USD/ounce.

In the short term, the first resistance level of gold is at 4,384.9 USD/ounce, followed by the 4,400 USD/ounce mark. The nearest support level is 4,284.3 USD/ounce, followed by 4,250 USD/ounce.

Gold price data is compared to the previous day.

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

Second is the futures contract market, where prices are set for futures delivery. Due to year-end book closing activities, December gold contracts are currently the most actively traded on CME.

See more news related to gold prices HERE...

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