Gold price today November 26, 2024, Gold price suddenly turned down sharply amid the latest developments in the US market. Comments on two factors putting pressure on precious metals. Gold ring and gold bar prices are on a sharp decline.
| 1. PNJ - Updated: November 25, 2024 21:30 - Website supply time - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 84,400 ▼1100K | 85,800 ▼1000K |
| HCMC - SJC | 84,600 ▼400K | 86,600 ▼400K |
| Hanoi - PNJ | 84,400 ▼1100K | 85,800 ▼1000K |
| Hanoi - SJC | 84,600 ▼400K | 86,600 ▼400K |
| Da Nang - PNJ | 84,400 ▼1100K | 85,800 ▼1000K |
| Da Nang - SJC | 84,600 ▼400K | 86,600 ▼400K |
| Western Region - PNJ | 84,400 ▼1100K | 85,800 ▼1000K |
| Western Region - SJC | 84,600 ▼400K | 86,600 ▼400K |
| Jewelry gold price - PNJ | 84,400 ▼1100K | 85,800 ▼1000K |
| Jewelry gold price - SJC | 84,600 ▼400K | 86,600 ▼400K |
| Jewelry gold price - Southeast | PNJ | 84,400 ▼1100K |
| Jewelry gold price - SJC | 84,600 ▼400K | 86,600 ▼400K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 84,400 ▼1100K |
| Jewelry gold price - Jewelry gold 999.9 | 84,300 ▼1100K | 85,100 ▼1100K |
| Jewelry gold price - Jewelry gold 999 | 84,220 ▼1090K | 85,020 ▼1090K |
| Jewelry gold price - Jewelry gold 99 | 83,350 ▼1090K | 84,350 ▼1090K |
| Jewelry gold price - 916 gold (22K) | 77,550 ▼1010K | 78,050 ▼1010K |
| Jewelry gold price - 750 gold (18K) | 62,580 ▼820K | 63,980 ▼820K |
| Jewelry gold price - 680 gold (16.3K) | 56,620 ▼750K | 58,020 ▼750K |
| Jewelry gold price - 650 gold (15.6K) | 54,070 ▼710K | 55,470 ▼710K |
| Jewelry gold price - 610 gold (14.6K) | 50,660 ▼670K | 52,060 ▼670K |
| Jewelry gold price - 585 gold (14K) | 48,530 ▼650K | 49,930 ▼650K |
| Jewelry gold price - 416 gold (10K) | 34,150 ▼460K | 35,550 ▼460K |
| Jewelry gold price - 375 gold (9K) | 30,660 ▼420K | 32,060 ▼420K |
| Jewelry gold price - 333 gold (8K) | 26,830 ▼370K | 28,230 ▼370K |
Update gold price today 11/26/2024
Domestic gold price on the morning of November 25 remained unchanged.
Specifically, at DOJI Gold and Gemstone Group, the listed price of gold rings is at 85.6 - 86.6, keeping the listed price for both buying and selling prices unchanged compared to the previous session's close.
Similarly, Saigon Jewelry Company (SJC) announced the price of gold rings at 85 - 86.5 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to the previous closing price.
Similar to gold rings, the price of SJC gold bars was also kept the same by businesses compared to the end of last week. Specifically, Saigon Jewelry Company (SJC) announced the price of SJC gold bars at 85 - 86.5 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to the previous closing price.
DOJI Gold and Gemstone Group announced the selling price of SJC gold bars at 85.6 - 86.6 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to the previous closing price.
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| Gold price today November 26, 2024: Gold price suddenly 'turned around', under pressure from Mr. Trump's decision, gold rings and gold bars both plummeted. (Source: Reuters) |
Summary of gold prices at major domestic trading brands at closing times on the afternoon of November 25:
Saigon Jewelry Company SJC: SJC gold bars 84.6 - 86.6 million VND/tael; SJC gold rings 84 - 85.6 million VND/tael.
Doji Group: SJC gold bars 84.6 - 86.6 million VND/tael; 9999 round rings (Hung Thinh Vuong) 84.3 - 85.8 million VND/tael.
PNJ system: SJC gold bars 84.6 - 86.6 million VND/tael; PNJ 999.9 plain gold rings: 84.4 - 85.8 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 84.6 - 86.6 million VND/tael; Phu Quy 999.9 round gold rings: 84.3 - 85.7 million VND/tael.
The price of SJC gold at Bao Tin Minh Chau is listed at 84.6 - 86.6 million VND/tael. The price of round gold rings at Vang Rong Thang Long is listed at 84.58 - 85.98 million VND/tael.
Thus, compared to the morning session of November 25, the closing price of gold rings at enterprises tended to decrease at the end of the afternoon session of the same day. Accordingly, the gold bar price of DOJI Gold and Gemstone Group was listed to decrease by 1 million VND/tael for buying and remained unchanged for selling; meanwhile, the gold ring price listed by this enterprise decreased by 1.3 million VND/tael for buying and decreased by 800 thousand VND/tael for selling.
According to the World & Vietnam Newspaper , information on Kitco News , as of 7:42 p.m. Vietnam time on November 25, the world gold price was listed at 2,682.9 USD/ounce, down 34 USD/ounce compared to the previous trading session.
Converted according to USD price at Vietcombank on November 25, 1 USD = 25,506 VND, world gold price is equivalent to 82.45 million VND/tael.
World gold prices plummet
Gold prices fell 1% on Friday as investors booked profits after a five-session rally to a three-week high, while the announcement that US President-elect Scott Bessent would be his Treasury Secretary dampened safe-haven buying.
Spot gold fell 1% to $2,686.73 an ounce by 1147 GMT, after falling 2% earlier in the session. US gold futures fell 0.9% to $2,688.40 an ounce.
Two factors weighing on gold include profit-taking after last week's strong rally and the nomination of billionaire Scott Bessent as US Treasury Secretary with some market participants viewing him as less hawkish on the trade war, said UBS analyst Giovanni Staunovo .
Gold is traditionally seen as a safe investment amid economic and political risks, while some strategists believe Mr Bessent's nomination is a relief because the billionaire understands the markets and his appointment could reduce the likelihood of imposing harsh tariffs on US trading partners.
Market participants are also watching the Federal Reserve's November FOMC meeting minutes, GDP data (first revision) and core PCE figures, all due out this week.
"Overall, the market expects the Fed to cut interest rates by 25 basis points at its next meeting on December 18, although traders have reduced bets on this outcome in recent days," Frank Watson , market analyst at Kinesis Money, said in a note.
According to CME's Fedwatch tool, traders now see a 56% chance the Fed will cut rates by another 25 basis points in December.
“We still expect the Fed to cut rates by 25 basis points, but the more important part for the market will be whether the charts show fewer rate cuts next year,” analyst Giovanni stressed.
Recently, Co-Director of Commodity Research at Goldman Sachs, Ms. Samantha Dart, predicted that the world gold price could reach 3,000 USD/ounce by 2025.
Ms. Dart's comments were based on the trend of central banks continuing to increase their purchases of precious metals, along with strong capital flows into gold exchange-traded funds (ETFs) when the Fed began cutting interest rates. This reflects a strong increase in demand for gold as a safe asset in a volatile economic environment.
Source: https://baoquocte.vn/gia-vang-hom-nay-26112024-gia-vang-bat-ngo-quay-xe-chiu-suc-ep-tu-quyet-dinh-cua-ong-trump-vang-nhan-va-vang-mieng-dong-loat-lao-doc-295054.html
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