Domestic gold ring prices this morning were adjusted down by brands.

Opening the trading session , Saigon Jewelry Company (SJC) listed the price of gold rings of type 1-5 at only 82.2-84 million VND/tael (buy - sell), down 300 thousand VND per tael in both buying and selling compared to yesterday's closing price.

Similarly, Doji Gold and Gemstone Group this morning lowered the price of 9999 gold rings to 83.3-84.2 million VND/tael (buy - sell), also down 300 thousand VND per tael in both directions compared to yesterday's closing price.

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC 82,200,000 - 300,000 84,000,000 - 300,000
Doji 83,300,000 - 300,000 84,200,000 - 300,000

                        SJC and Doji gold ring price list updated on the morning of December 31

Opening the trading session on December 31 , the price of SJC 9999 gold decreased by 300 thousand VND per tael in both buying and selling compared to the closing price of yesterday's trading session, to 84.2 million VND/tael (selling).

The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 8:33 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 9:26 a.m. as follows:

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC HCMC 82,200,000 - 300,000 84,200,000 - 300,000
Doji Hanoi 82,200,000 - 300,000 84,200,000 - 300,000
Doji HCMC 82,200,000 - 300,000 84,200,000 - 300,000

SJC and Doji gold bar price list updated on the morning of December 31

The central exchange rate on December 31, 2024 announced by the State Bank is 24,335 VND/USD, an increase of 8 VND compared to the previous trading session. The USD price at commercial banks this morning (December 31) was commonly listed at 25,221 VND/USD (buy) and 25,551 VND/USD (sell).

At 8:31 a.m. today (December 31, Vietnam time) , the world spot gold price was at 2,609.7 USD/ounce, down 12.7 USD/ounce compared to last night. The price of gold futures for February 2025 on the Comex New York floor was at 2,623.9 USD/ounce.

On the morning of December 31 , the world gold price converted to USD bank price was over 81.2 million VND/tael, including tax and fees, about 3 million VND/tael lower than the domestic gold price.

Gold price on Kitco floor at 9:00 p.m. (December 30, Vietnam time) was trading at 2,622.4 USD/ounce, up 0.02% compared to the beginning of the session. Gold futures price for February 2025 delivery on Comex New York floor was trading at 2,633.3 USD/ounce.

At the beginning of the trading session on December 30 (US time), the world gold price increased slightly. The gold market remained quiet in the last sessions before the new year. What experts and investors are most concerned about is how the gold market will be when entering 2025.

In the domestic market, at the end of the session on December 30, the price of 9999 gold bars at SJC was VND82.5 million/tael (buy) and VND84.5 million/tael (sell). Doji listed it at VND82.5 million/tael (buy) and VND84.5 million/tael (sell).

SJC announced the price of gold rings of type 1-5 at only 82.5-84.3 million VND/tael (buy - sell). Doji listed the price of 9999 smooth round gold rings at 83.6-84.5 million VND/tael (buy - sell).

Currently, the gold market is in a state of waiting for a push to boost volatility in the coming time.

Experts say that entering the new year, gold will face many concerns about rising inflation, the US dollar and US Treasury bond yields. These are factors that will cause investors to leave the market in the first days of the new year.

Screenshot 2024 11 25 210739.png
World gold price is quiet before the new year 2025. Photo: HH

Many analysts predict that gold trading will be very quiet in the first days of 2025. What is more worrying is that the sharp decline in the number of investors interested in gold will make it difficult for the precious metal to regain momentum, unless there is a positive factor that benefits gold.

However, despite the short-term challenges, the gold price target of $3,000 an ounce by 2025 is still feasible, said Fawad Razaqzada, market analyst at City Index.

Gold Price Forecast

Any drop in gold prices will attract bargain hunters, long-term investors and those who have booked profits or missed out on the previous big rally, Razaqzada predicted.

Major macroeconomic shifts and rising geopolitical risks will also play a key role in determining gold's trajectory next year, analysts say.

Bitcoin, XRP and other cryptocurrencies have surged, while stock indexes like the S&P 500 and Germany's DAX have hit all-time highs. This shift in risk appetite will reduce the appeal of safe-haven assets like gold in the coming days.

Gold price forecast for the next 10 days: Being restrained, gold will find it difficult to accelerate . In the next 10 days, world gold will continue to face difficulties. Geopolitical instability is the only factor supporting gold prices. SJC gold rings and bars are on an upward trend.