Domestic gold price today December 20, 2024
At the time of survey at 4:30 a.m. on December 19, 2024, domestic gold prices on the trading floors of a number of companies simultaneously decreased sharply.
The price of SJC gold was listed by Saigon Jewelry Company (SJC) at 82.1 million VND/tael for buying and 84.1 million VND/tael for selling, down 1 million VND/tael for both buying and selling compared to the previous trading session. The difference between the buying price and selling price is 2.0 million VND.
DOJI listed the price of 9999 gold today at 83.05 million VND/tael for buying and 84.05 million VND/tael for selling. Compared to yesterday, the price of 9999 gold rings decreased by 650 thousand VND/tael for both buying and selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 83.3-84.1 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold bars also decreased by 1 million VND/tael for both buying and selling.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 82.1-84.1 million VND/tael (buying - selling). Compared to yesterday, the gold price has decreased sharply by 1 million VND/tael in both buying and selling directions. Meanwhile, at Bao Tin Manh Hai, it is also being traded at 82.1-84.1 million VND/tael (buying - selling). Compared to yesterday, the gold price has decreased by 500 thousand VND/tael in both buying and selling directions.
The latest gold price list today, December 20, 2024 is as follows:
| Gold price today | December 20, 2024 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 82.1 | 84.1 | -1,000 | -1,000 |
| DOJI Group | 82.1 | 84.1 | -1,000 | -1,000 |
| Red Eyelashes | 83.3 | 84.1 | -1,000 | -1,000 |
| PNJ | 82.1 | 84.1 | -1,000 | -1,000 |
| Vietinbank Gold | 84.1 | -1,000 | ||
| Bao Tin Minh Chau | 82.1 | 84.1 | -1,000 | -1,000 |
| Bao Tin Manh Hai | 82.1 | 84.1 | -500 | -500 |
| 1. DOJI - Updated: 12/20/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 82,100 ▼500K | 84,100 ▼1000K |
| AVPL/SJC HCM | 82,100 ▼500K | 84,100 ▼1000K |
| AVPL/SJC DN | 82,100 ▼500K | 84,100 ▼1000K |
| Raw material 9999 - HN | 82,950 ▼650K | 83,150 ▼650K |
| Raw material 999 - HN | 82,850 ▼650K | 83,050 ▼650K |
| AVPL/SJC Can Tho | 82,100 ▼500K | 84,100 ▼1000K |
| 2. PNJ - Updated: 12/20/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 82,600 ▼1000K | 83,800 ▼900K |
| HCMC - SJC | 82,100 ▼1000K | 84,100 ▼1000K |
| Hanoi - PNJ | 82,600 ▼1000K | 83,800 ▼900K |
| Hanoi - SJC | 82,100 ▼1000K | 84,100 ▼1000K |
| Da Nang - PNJ | 82,600 ▼1000K | 83,800 ▼900K |
| Da Nang - SJC | 82,100 ▼1000K | 84,100 ▼1000K |
| Western Region - PNJ | 82,600 ▼1000K | 83,800 ▼900K |
| Western Region - SJC | 82,100 ▼1000K | 84,100 ▼1000K |
| Jewelry gold price - PNJ | 82,600 ▼1000K | 83,800 ▼900K |
| Jewelry gold price - SJC | 82,100 ▼1000K | 84,100 ▼1000K |
| Jewelry gold price - Southeast | PNJ | 82,600 ▼1000K |
| Jewelry gold price - SJC | 82,100 ▼1000K | 84,100 ▼1000K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 82,600 ▼1000K |
| Jewelry gold price - Jewelry gold 999.9 | 82,500 ▼1000K | 83,300 ▼1000K |
| Jewelry gold price - Jewelry gold 999 | 82,420 ▼1000K | 83,220 ▼1000K |
| Jewelry gold price - Jewelry gold 99 | 81,570 ▼990K | 82,570 ▼990K |
| Jewelry gold price - 916 gold (22K) | 75,400 ▼920K | 76,400 ▼920K |
| Jewelry gold price - 750 gold (18K) | 61,230 ▼750K | 62,630 ▼750K |
| Jewelry gold price - 680 gold (16.3K) | 55,390 ▼680K | 56,790 ▼680K |
| Jewelry gold price - 650 gold (15.6K) | 52,900 ▼650K | 54,300 ▼650K |
| Jewelry gold price - 610 gold (14.6K) | 49,560 ▼610K | 50,960 ▼610K |
| Jewelry gold price - 585 gold (14K) | 47,480 ▼590K | 48,880 ▼590K |
| Jewelry gold price - 416 gold (10K) | 33,400 ▼420K | 34,800 ▼420K |
| Jewelry gold price - 375 gold (9K) | 29,990 ▼370K | 31,390 ▼370K |
| Jewelry gold price - 333 gold (8K) | 26,240 ▼330K | 27,640 ▼330K |
| 3. SJC - Updated: 12/20/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 82,100 ▼1000K | 84,100 ▼1000K |
| SJC 5c | 82,100 ▼1000K | 84,120 ▼1000K |
| SJC 2c, 1c, 5c | 82,100 ▼1000K | 84,130 ▼1000K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 82,100 ▼900K | 83,800 ▼700K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 82,100 ▼900K | 83,900 ▼700K |
| Jewelry 99.99% | 82,000 ▼900K | 83,400 ▼700K |
| Jewelry 99% | 79,574 ▼693K | 82,574 ▼693K |
| Jewelry 68% | 53,867 ▼476K | 56,867 ▼476K |
| Jewelry 41.7% | 31,931 ▼292K | 34,931 ▼292K |
World gold price today December 20, 2024 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was 2,595.99 USD/Ounce. Today's gold price decreased by 47.7 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,750 VND/USD), the world gold price is about 81.45 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.65 million VND/tael higher than the international gold price.
Gold prices on the world market are falling, the main reason is that the US Federal Reserve (Fed) has just decided to cut interest rates by another 0.25%.
Although this move was expected, the Fed also expressed its view that it would reduce interest rates at a slower pace in 2025. This made investors feel less optimistic about the gold price outlook.
According to experts, the impact of the Fed's recent rate cuts has already been reflected in the gold price. At this time, investors want to know how much the Fed will cut interest rates in 2025. However, the Fed's slow plan has not met market expectations, leading to selling pressure and a drop in gold prices.
The US Federal Reserve (Fed) is expected to keep interest rates unchanged at its meeting in January 2025. According to expert Ajay Kedia at Kedia Commodities in Mumbai, interest rate cuts are usually beneficial for gold prices, because when interest rates are low, savings deposits are no longer attractive and people often look to gold as a safer investment channel.
According to the latest interest rate forecast of the US Federal Reserve (Fed), in 2025, the Fed only expects to cut interest rates twice, less than the 4 cuts expected in the previous forecast (September).
Looking further ahead, in 2026 and 2027, the Fed estimates that there will be only a few rate cuts each year (two in 2026 and one in 2027). Each cut will be just 0.25 percentage points (0.25%). In addition, the Fed also raised the “neutral rate” – the rate that they believe neither stimulates nor inhibits the economy – to around 3%. This is 0.1 percentage points higher than the forecast made in September and represents a gradual upward trend this year.
Investors are now awaiting a series of important data from the US, including data on Gross Domestic Product (GDP), initial jobless claims, and especially data on core personal consumption expenditures (PCE) – an index that the Fed considers an important measure of inflation. This information will be announced in the next few days (PCE data will be released on December 20).
Kelvin Wong, senior analyst at OANDA Asia Pacific, said that if the upcoming US PCE data is as expected by the market, meaning it does not cause any surprises, then gold prices may not fluctuate too much.
In addition, after the Fed's announcement early on December 19 (Vietnam time), the price of Bitcoin - the world's largest cryptocurrency - dropped sharply by more than $5,000/BTC in just 24 hours and fell below the important $100,000 mark. This decrease of more than 5% shows that many investors are worried and selling off assets because they are uncertain about the Fed's upcoming policy.
Not only Bitcoin, the entire cryptocurrency market was shaken violently. Other coins such as Solana fell more than 7%, Dogecoin fell more than 9%, Chainlink fell more than 12%, and XRP fell about 10%. The situation shows the concern that pervades the market, as investors are still waiting for the next economic data to determine the future direction.
In the short term, gold prices may continue to struggle due to the strong US dollar and high bond yields. If prices fail to hold the important support level around $2,600/ounce, prices could fall to around $2,450/ounce.
The market is in shock as the Fed is only expected to cut interest rates twice next year, according to Tai Wong, an independent trader. Despite the fall in gold prices, he believes there is still a chance that prices will hold above $2,600 an ounce.
According to Kitco, market sentiment remains cautious. If gold fails to hold the $2,600/ounce threshold, it could continue to fall further. At the same time, the rising US dollar and high bond yields are also contributing to the pressure that makes it difficult for gold prices to recover.
Source: https://baodaknong.vn/gia-vang-hom-nay-20-12-2024-gia-vang-mat-gan-50-usd-sau-khi-fed-cat-giam-lai-suat-237408.html
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