SJC gold bar price hits new peak, still 20 million VND/tael more expensive than world price

(Dan Tri) - Domestic gold prices have been continuously increasing sharply following the general trend of the world. Currently, domestic gold is still 20 million VND/tael higher than world gold.

At the end of the session on December 1, the prices of gold bars and gold rings of all brands increased sharply. SJC gold bars are listed at 153.2-155.2 million VND/tael for buying and selling. The difference between buying and selling is 2 million VND/tael.

In line with the trend of gold bars, the price of gold rings has also increased significantly, currently being traded around 151-153.5 million VND/tael for buying and selling. There are brands selling gold rings at 155 million VND/tael.

In the world market, the price of gold also increased to 4,232.3 USD/ounce. The price increased by 0.3% in the past 24 hours, equivalent to an increase of 12.6 USD/ounce. Converted according to Vietcombank 's exchange rate excluding taxes and fees, the world gold price is about 135.2 million VND/tael, 20 million VND/tael cheaper than domestic gold.

Regarding interest rates, US President Donald Trump said that he has chosen a replacement for Fed Chairman Jerome Powell, and that the candidate is in favor of cutting interest rates. Expectations of lower interest rates continue to be a major factor supporting gold prices, which are suitable for a low-yield environment.

Rich Checkan, President of Asset Strategies International, said that gold prices still have room to increase as the conflict in Ukraine shows no signs of cooling down and expectations of the Fed cutting interest rates for the third time are becoming clearer.

However, Forex strategist James Stanley warned investors not to “buy in droves,” as gold prices have risen for several consecutive weeks and some long-term investors may take profits before the end of the financial year.

Source: https://dantri.com.vn/kinh-doanh/gia-vang-mieng-sjc-co-dinh-moi-van-dat-hon-the-gioi-20-trieu-dongluong-20251202072321538.htm