Gold price is quiet, heavy loss of 6.7 million VND/tael after two months

Loss of 6.7 million/tael after two months of buying SJC gold bars

Previously on October 26, the price of SJC gold bars was listed by DOJI Group at 87-89 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at DOJI Group was 2 million VND/tael.

Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 87-89 VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.

As of early this morning (December 26), DOJI Group listed the price of SJC gold at 82.3-84.3 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company at 82.3-84.3 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at Saigon Jewelry Company was at 2 million VND/tael.

Thus, after two months, buyers of SJC gold bars at DOJI Group and Saigon SJC Jewelry Company together suffered a loss of up to 6.7 million VND/tael.

Plain gold ring buyers also suffer heavy losses

On October 26, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 87.9-88.9 million VND/tael (buy - sell). Meanwhile, Bao Tin Minh Chau listed the price of gold rings at 87.88-88.98 million VND/tael (buy - sell).

As of early this morning (December 26), the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 83.3-84.3 million VND/tael (buy - sell). Bao Tin Minh Chau listed the price of gold rings at 82.5-84.3 million VND/tael (buy - sell).

After two months, buyers of plain gold rings at DOJI Group and Saigon Jewelry Company SJC lost 5.6 million and 6.48 million VND/tael, respectively.

World markets are quiet

In the world market, the world gold price listed on Kitco on October 26 was at 2,747.2 USD/ounce. At 2:45 a.m. on December 26, the world gold price was listed at 2,616.8 USD/ounce. After only two months, the world gold price has decreased by 130 USD/ounce.

Gold prices remained steady during the Christmas holiday period. Investors are still looking to the US Federal Reserve’s interest rate strategy and President-elect Donald Trump’s tariff policies, factors that could shape the trajectory of the metal next year.

Gold has had a good year so far and is on track for its best year since 2010, up 27%. A similar rally could occur in 2025, but that will largely depend on geopolitical developments, according to OANDA market analyst Zain Vawda.

According to this expert, if there are no geopolitical surprises, the price of gold is expected to be around $2,800/ounce due to persistent risks and concerns about trade wars. This precious metal is considered a safe investment in times of economic and geopolitical uncertainty.