Gold price today 11/29: Gold rings increase to 1.2 million VND/tael

Khương Duy |

Gold price today, November 29: All increased. Some units adjusted the price of gold rings to increase to 1.2 million VND/tael.

Updated SJC gold price

As of 9:40 a.m., DOJI Group listed the price of SJC gold bars at VND152.9-154.9 million/tael (buy - sell), an increase of VND900,000/tael for buying and an increase of VND700,000/tael for selling. The difference between buying and selling prices is at 2 million VND/tael.

The price of SJC gold bars was listed by Bao Tin Minh Chau at 153.4-154.9 million VND/tael (buy - sell), an increase of 700,000 VND/tael in both directions. The difference between buying and selling prices is at 1.5 million VND/tael.

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

Phu Quy Jewelry Group listed the price of SJC gold bars at 151.9-154.9 million VND/tael (buy - sell), an increase of 700,000 VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.

Gia vang mieng SJC tai mot so don vi kinh doanh. Bang: Khuong Duy
SJC gold bar price at some trading units. Table: Khuong Duy

9999 round gold ring price

As of 9:40 a.m., DOJI Group listed the price of gold rings at 151-154 million VND/tael (buy - sell), an increase of 1.2 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 151.3-154.3 million VND/tael (buy - sell), an increase of 500,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

Dien bien gia vang nhan tron nhung phien giao dich gan day. Bieu do: Khuong Duy
The price of plain gold rings in recent trading sessions. Chart: Khuong Duy

Phu Quy Gold and Stone Group listed the price of gold rings at 150.9-153.9 million VND/tael (buy - sell), an increase of 700,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

The buying-selling gap is at a high level, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.

Gia vang nhan tron tai mot so don vi kinh doanh. Bang: Khuong Duy
Plain gold ring price at some business units. Table: Khuong Duy

World gold price

At 9:45 a.m., the world gold price was listed around 4,218.4 USD/ounce, up 62.6 USD compared to a day ago.

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

Gold price forecast

Trading on CME was suspended overnight after a technical problem. Gold prices still recorded impressive gains, exceeding 4,200 USD/ounce.

World gold prices increased sharply in the context of a more positive short-term technical outlook. The bulls' upward target for February gold contracts is to close above the strong resistance level at the November peak of 4,285.6 USD/ounce. The short-term downside target for the bears is to pull prices below the important support level of $4,000/ounce.

The first resistance level was recorded at 4,250 USD/ounce, then 4,285.6 USD/ounce. First support was at the bottom of overnight at $4,174.6 an ounce, followed by $4,150 an ounce.

Officially announcing the technical failure, CME Group said: Due to the cooling problem at the CyrusOne data center, our markets are currently on hold. The support department is working to fix it as soon as possible and will notify customers about the opening time before the transaction session as soon as possible".

After the longest technical problem in recent years, CME said all future contract trading activities, including gold and silver, were restored right before the North American trading session.

Notably, demand for gold is expected to continue to increase in the coming months, driven by interest rate cuts, falling bond yields, fiscal challenges and political chaos in the US, according to a new report from Union Bank of Switzerland (UBS - one of the world's largest financial and banking services groups, headquartered in Switzerland).

UBS analysts believe that the weak US fiscal outlook will continue to boost central bank and investor gold purchases, and they expect demand for gold ETFs to remain strong in 2026. However, they also warned that the possibility of the Fed becoming more tailor-made and the risk of central banks selling gold are key challenges for their optimistic outlook.

Note: Gold price data is compared to a day earlier.

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

Second is the futures contract market, which sets prices for future deliveries. Due to year-end book-taking activities, December gold contracts are currently the most actively traded on CME.

See more news related to gold prices HERE...

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