SJC gold bar price
At the end of the week's trading session, DOJI Group listed the price of SJC gold at 82.7-84.7 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the price of SJC gold bars at DOJI increased by 300,000 VND/tael for both buying and selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 82.7-84.7 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the price of SJC gold bars at Saigon Jewelry Company increased by VND900,000/tael for both buying and selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
If you buy SJC gold at DOJI Group on December 22 and sell it today (December 29), investors will lose 1.7 million VND/tael. Meanwhile, those who buy gold at Saigon SJC Jewelry Company will lose 1.1 million VND/tael.
Currently, the difference between the buying and selling price of gold is listed at around 2 million VND/tael. Experts say this difference is very high, causing investors to face the risk of losing money when investing in the short term.
9999 gold ring price
This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 83.85-84.7 million VND/tael (buy - sell); an increase of 950,000 VND/tael for buying and an increase of 300,000 VND/tael for selling compared to the closing price of last week's trading session.
Bao Tin Minh Chau listed the price of gold rings at 83.1-84.7 million VND/tael (buy - sell); an increase of 400,000 VND/tael for buying and 300,000 VND/tael for selling compared to the closing price of last week's trading session.
After a slight increase in the week, if buying gold rings in the session of December 22 and selling in today's session (December 29), the loss that investors will have to accept when buying at DOJI and Bao Tin Minh Chau is 550,000 VND/tael and 1.3 million VND/tael, respectively.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.
World gold price
At the close of the weekly trading session, the world gold price listed on Kitco was at 2,622 USD/ounce, down 1.6 USD/ounce compared to the close of the previous week's trading session.
Gold Price Forecast
World gold prices received support at the end of the week when the USD index decreased. Recorded at 7:00 a.m. on December 29, the US Dollar Index, which measures the greenback's fluctuations against 6 major currencies, was at 107.790 points (down 0.13%).
Next week, investors and experts will focus on important economic data from the US, as global markets prepare to enter the new year with many expectations and challenges.
Monday (December 30, 2024): The US pending home sales report is due out, a key gauge of the health of the housing market, which is facing pressure from high interest rates.
Wednesday (January 1, 2025): On the first day of the new year 2025, global financial markets will take a break from trading to welcome the new year.
Thursday (January 2, 2025): Weekly US jobless claims data is expected to provide a clearer view of the labor market - a key factor in the US Federal Reserve's (FED) policy decisions.
Friday (January 3, 2025): The ISM Manufacturing PMI, a key indicator of economic activity in the manufacturing sector, will be released. Analysts expect the index to reveal growth as well as challenges in the US manufacturing industry.
Speaking to CNBC, Ajay Kedia, director of Kedia Commodities in Mumbai, said that 2025 will be a volatile year for gold prices. He predicted that the precious metal will rise in the first half of the year due to escalating geopolitical tensions, before falling due to profit-taking pressure in the second half.
With Donald Trump set to return to the White House in January, the new administration’s policies, including tariffs, deregulation and tax reform, will have far-reaching impacts on financial markets and the US economy, Kedia said. These changes are expected to increase the attractiveness of the USD, which could put pressure on gold prices.
He also recommended that investors closely monitor US economic data to assess the next steps of the US Federal Reserve (FED). After a strong 2024, the FED has forecast fewer rate cuts in 2025. The agency's monetary policy will be a key factor in shaping gold's trend in the new year.
See more news related to gold prices HERE...
