Gold price today, December 27: Breakthrough increase, no signs of reversal

SJC gold price update

As of 9:15 am, SJC gold bar prices were listed by DOJI Group at the threshold of 157.7-159.7 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both directions. The difference between buying and selling prices is at the threshold of 2 million VND/tael.

Phu Quy Gold, Silver and Gemstone Group listed SJC gold bar prices at 156.7-159.7 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.

Bao Tin Minh Chau listed SJC gold bar prices at 157.7-159.7 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.

Price of 9999 round gold ring

As of 9:15 am, DOJI Group listed the price of gold rings at the threshold of 154-157 million VND/tael (buying - selling), going sideways in both directions. The buying - selling difference is at 3 million VND/tael.

Phu Quy Gold, Silver and Gemstone Group listed the price of gold rings at 155.5-158.5 million VND/tael (buying - selling), an increase of 300,000 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 156.7-159.7 million VND/tael (buying - selling), an increase of 900,000 VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

World gold price

At 9:42 am, world gold prices were listed around the threshold of 4,533 USD/ounce, up 26.1 USD compared to the previous day.

Gold price forecast

Gold and silver prices both rose on the last trading day of the week, in which silver rose sharply, and reached a new record high in the first trading session of Friday in the US. Increased demand for safe havens and positive technical charts are pushing up the prices of these two metals.

Gold and silver prices are being supported by buying demand as a safe haven in the context of escalating geopolitical tensions and the recent weakening of the USD. The tense situation in Venezuela, where the US has blockaded oil tankers and increased pressure on President Nicolas Maduro's government, further increases the appeal of this precious metal as a safe haven.

Despite hovering at a very high level, gold is still considered the most attractive investment channel in the global commodity group and may continue to be bought by central banks.

According to commodity strategists at Goldman Sachs (a leading financial - investment banking group in the US, with a large influence in the global financial market), if private investors participate in asset diversification along with central banks, gold prices could even far exceed the base forecast of 4,900 USD/ounce.

We forecast that central banks will continue to buy gold strongly in 2026, averaging about 70 tons per month (nearly the average of 66 tons in the past 12 months, but 4 times higher than the level of 17 tons/month before 2022), and this factor will contribute about 14 percentage points to the forecast gold price increase until December 2026 for three reasons," experts analyzed.

First, the freeze of Russia's reserves in 2022 created a major turning point in how reserve managers in emerging economies perceive geopolitical risks.

Second, the proportion of gold reserves of many central banks in emerging markets, such as the People's Bank of China (PBoC), is still low compared to the global average, especially in the context of China's desire to internationalize the Renminbi. Third, surveys show that the central bank's demand for gold is at a record high.

Goldman Sachs also believes that their gold price forecast also contains increased risks if this asset diversification trend spreads to the private investor sector - which has caused investors and central banks to directly compete for gold supply, thereby contributing to the formation of a price-rising market that has lasted for many years.