| 1. PNJ – Updated: 12/28/2024 22:00 – Source website time – ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC – PNJ | 83,800 | 84,700 |
| HCMC – SJC | 82,700 | 84,700 |
| Hanoi – PNJ | 83,800 | 84,700 |
| Hanoi – SJC | 82,700 | 84,700 |
| Da Nang – PNJ | 83,800 | 84,700 |
| Da Nang – SJC | 82,700 | 84,700 |
| Western Region – PNJ | 83,800 | 84,700 |
| Western Region – SJC | 82,700 | 84,700 |
| Jewelry gold price – PNJ | 83,800 | 84,700 |
| Jewelry gold price – SJC | 82,700 | 84,700 |
| Gold jewelry price – Southeast | PNJ | 83,800 |
| Jewelry gold price – SJC | 82,700 | 84,700 |
| Jewelry gold price – Jewelry gold price | PNJ 999.9 Plain Ring | 83,800 |
| Jewelry gold price – Jewelry gold 999.9 | 83,700 | 84,500 |
| Jewelry gold price – 999 jewelry gold | 83,620 | 84,420 |
| Jewelry gold price – 99 jewelry gold | 82,760 | 83,760 |
| Jewelry Gold Price – 916 Gold (22K) | 76,500 | 77,500 |
| Jewelry Gold Price – 750 Gold (18K) | 62,130 | 63,530 |
| Jewelry gold price – 680 gold (16.3K) | 56,210 | 57,610 |
| Jewelry Gold Price – 650 Gold (15.6K) | 53,680 | 55,080 |
| Jewelry Gold Price – 610 Gold (14.6K) | 50,300 | 51,700 |
| Jewelry Gold Price – 585 Gold (14K) | 48,180 | 49,580 |
| Jewelry Gold Price – 416 Gold (10K) | 33,900 | 35,300 |
| Jewelry gold price – 375 gold (9K) | 30,440 | 31,840 |
| Jewelry Gold Price – 333 Gold (8K) | 26,640 | 0 ▼28040K |
Update gold price today December 29, 2024
Domestic gold prices fluctuated last week
Opening the morning trading session of the week, December 23, the domestic price of SJC gold rings and gold bars fluctuated.
Specifically, DOJI Gold and Gemstone Group and Saigon Jewelry Company (SJC) announced the selling price of SJC gold bars at 82.3 - 84.3 million VND/tael (buy - sell), down 100,000 VND/tael in both buying and selling compared to the previous day.
Meanwhile, the price of gold rings was listed by DOJI Gold and Gemstone Group at 83.3 - 84.3 million VND/tael (buy - sell), an increase of 400 thousand VND/tael for buying and a decrease of 100 thousand VND/tael for selling compared to the previous session's closing price.
After 3 volatile mid-week days, in the morning session of December 27, the world gold price increased in the trading session after Christmas, causing the domestic price of SJC gold rings and gold bars to also continue to increase slightly.
Specifically, DOJI Gold and Gemstone Group announced the selling price of SJC gold bars at 82.7 - 84.7 million VND/tael (buy - sell), an increase of 200 thousand VND/tael in both buying and selling directions compared to the previous session's closing price.
Saigon Jewelry Company (SJC) announced the price of gold rings at 82.7 - 84.5 million VND/tael (buy - sell), an increase of 200 thousand VND/tael in both buying and selling compared to the previous session's closing price.
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| Gold price today December 29, 2024: Gold prices fluctuate according to geopolitical risks in Eastern Europe and the Middle East, all-time highs are still expected. (Source: Kitco News) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of December 28:
Saigon Jewelry Company SJC: SJC gold bars 82.7 - 84.7 million VND/tael; SJC gold rings 82.7 - 84.5 million VND/tael.
DOJI Group: SJC gold bars 82.3 - 84.3 million VND/tael; 9999 round rings (Hung Thinh Vuong) 83.3 - 84.3 million VND/tael.
PNJ system: SJC gold bars 82.4 - 84.4 million VND/tael; PNJ 999.9 plain gold rings at 83.8 - 84.7 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 82.7 - 84.7 million VND/tael; Phu Quy 999.9 round gold rings: 83.2 - 84.7 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 82.7 - 84.7 million VND/tael; round gold ring price is 83.1 - 84.7 million VND/tael.
According to the World and Vietnam Newspaper , at 4:18 p.m. on December 28 (Vietnam time), the world gold price at goldprice.org was at 2,622.18 USD/ounce, down 12.45 USD/ounce compared to the previous trading session.
Converted according to USD price at Vietcombank on December 28, 1 USD = 25,538 VND, world gold price is equivalent to 80.68 million VND/tael.
World gold prices fluctuate slightly
World gold prices fell 0.1% in a trading week shortened by the Christmas holiday.
Gold prices fell in the final trading session of the week on December 27 as rising US bond yields reduced the appeal of the precious metal. The market is now focused on the return of US President-elect Donald Trump to the White House and the impact of his policies on the US Federal Reserve's 2025 interest rate outlook.
At the end of the session on December 27, the spot gold price decreased by 0.6% to 2,619.33 USD/ounce. Meanwhile, the US gold futures price decreased by 0.8% to 2,631.90 USD/ounce.
Low holiday trading volumes in the final week of 2024 are expected to keep gold prices in a tight range, according to some market analysts.
Next week, the market will close midweek on January 1, 2025, so many analysts will still be focused on celebrating the New Year instead of watching the financial markets.
Barring any major surprises, many analysts predict that gold prices will remain caught in a tug-of-war between rising bond yields and safe-haven demand due to rising geopolitical and economic uncertainty.
Gold prices were limited to $2,650 an ounce last week; however, the market was able to withstand significant headwinds as the 10-year Treasury yield rose to 4.64%, a seven-month high.
The precious metal remained in a narrow range at the end of the week, even as bond yields remained high above 4.6%.
“Gold’s resilience this week has been supported by escalating geopolitical tensions,” said James Hyerczyk , market analyst at FX Empire. “Investors are closely monitoring conflicts in Eastern Europe and the Middle East. Israeli airstrikes on Houthi targets in Yemen and Russian drone strikes in Ukraine have reinforced gold’s appeal as a safe-haven asset. This geopolitical backdrop continues to keep gold in the spotlight.”
At the same time, some analysts note that social media comments from President-elect Donald Trump, expressing interest in annexing Canada, the Panama Canal and Greenland, have also added to geopolitical uncertainty and tensions.
Analyst Hyerczyk said the key support level to watch next week will be $2,607 an ounce. He added that gold needs to break above $2,665.65 an ounce to regain bullish momentum. In the current environment, he noted that the path of least resistance appears to be to the downside.
“The short-term outlook for gold remains bearish, with rising yields and a stronger dollar acting as stronger drivers than geopolitical risks,” he said. “However, the current move is occurring during a historically slow trading week and lower volumes could limit downside.”
Looking at economic data, 2024 ends with a fairly light agenda, as the market will receive home sales and manufacturing data.
Markets will also continue to monitor the US labor market, especially next week's weekly jobless claims data.
The continued rise in claims suggests the job market is slowing, said Jeffrey Roach , chief economist at LPL Financial.
Gold will continue to be bought by central banks, and retail demand could also increase as inflation continues, said Daniel Pavilonis , senior market strategist at RJO Futures. He predicts gold prices will surpass their all-time high of $3,000 an ounce by 2025.
Ajay Kedia , director of Mumbai-based commodity trader Kedia Commodities, said 2025 will be a volatile year for gold, predicting prices to rise in the first half of the year due to rising geopolitical tensions and fall in the second half due to profit-taking.
Strong gold demand from China and persistent concerns about fiscal instability are expected to support gold prices in 2025, despite traditional factors that could put downward pressure on the precious metal, according to research firm Capital Economics.
China's slowing economy and poor returns from its stock and property markets will make gold a more attractive investment option for investors in the country, according to Capital Economics.
In addition, central banks will continue to add gold to their national reserves. Capital Economics' report points out that concerns about the risk of asset seizures following economic sanctions, such as the case of Russia in 2022, have prompted BRICS countries, especially China and Russia, to increase their gold holdings over the past decade.
While headwinds such as a strong US dollar and high bond yields could put pressure on gold prices, Capital Economics forecasts gold prices to rise slightly in 2025, from $2,650 an ounce to around $2,750 an ounce by the end of 2025.
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