Update SJC gold price
As of 9:30 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND82.3-84.3 million/tael (buy - sell); down VND200,000/tael in both directions.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Meanwhile, the price of SJC gold bars listed by DOJI Group is at 82.3-84.3 million VND/tael (buy - sell); down 200,000 VND/tael in both directions.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 82.3-84.3 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 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say this difference is still very high. The difference between buying and selling prices 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 9:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 84.05-85 million VND/tael (buy - sell); an increase of 750,000 VND/tael for buying and 700,000 VND/tael for selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 82.5-84.3 million VND/tael (buy - sell), down 480,000 VND/tael for buying and up 200,000 VND/tael for selling compared to early this morning.
World gold price
As of 9:30 a.m., the world gold price listed on Kitco was at 2,618.4 USD/ounce, down 1 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell slightly as the USD increased. Recorded at 9:30 a.m. on December 24, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 107.880 points (up 0.03%).
The global gold market is quiet ahead of the holiday. This week is expected to be a quiet trading week across all markets as the Christmas holiday falls on Wednesday.
However, the precious metal is under some pressure as the USD index increases sharply and US Treasury yields increase slightly.
The Conference Board reported Monday that its consumer confidence index fell to 104.7, down from a revised 112.8 in November. The reading was weaker than expected, with economists predicting the index would be largely unchanged.
“Expectations that consumer confidence would continue to recover were not realized in December, when the index fell back to its two-year average,” said Dana Peterson, chief economist at the Conference Board.
Gold is struggling to find direction amid quiet holiday trading, said analyst James Hyerczyk at FX Empire.
“The Federal Reserve’s hawkish stance and forecast of fewer rate cuts in 2025 are keeping gold prices under pressure. The precious metal will face key support tests during the holiday week,” said James Hyerczyk.
Hyerczyk noted that if gold breaks above $2,629.13 an ounce, prices could rise to near the 50-day moving average at $2,668.75 an ounce. “Conversely, if prices fall below $2,607.35 an ounce, gold could fall back to $2,583.91 an ounce, with the next key support at $2,536.85 an ounce,” he said.
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