Gold price on December 6: Domestic gold price reversed and decreased sharply

Photo: THANH DAT

In today’s trading session, the prices of gold bars and gold rings of domestic brands reversed and dropped sharply. Meanwhile, the gold price in the international market also lost its upward momentum, leaving the 4,200 USD/ounce mark.

Specifically, at 12:30 on December 6, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 152.2-154.2 million VND/tael, down 700,000 VND per tael for both buying and selling compared to the previous session. The difference between buying and selling was 2 million VND.

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 12:30 on December 6.

SJC 9999 gold ring price is 149.5 million VND/tael for buying, 152 million VND/tael for selling, down 500 thousand VND/tael in both directions (buying-selling).

Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 152.2 million VND/tael and sold at 154.2 million VND/tael, down 700 thousand VND per tael in both buying and selling compared to the previous session's close.

This brand listed the price of Doji Hung Thinh Vuong 9999 gold ring at 150-153 million VND/tael (buy-sell), unchanged in both directions (buy-sell) compared to the closing price of yesterday's trading session.

PNJ Gold listed buying price at 150 million VND/tael and selling price at 153 million VND/tael, unchanged in both buying and selling prices compared to the previous session.

As of 12:30 on December 6 (Vietnam time), the world gold price decreased by 10 USD/ounce compared to the previous session to 4,197.3 USD/ounce.

World gold price chart on December 6. (Photo: kitco.com)

Gold prices fell below $4,200 an ounce today despite weaker-than-expected US inflation data strengthening the possibility of the US Federal Reserve (FED) cutting interest rates next week.

The main reason is believed to be the shift in cash flow from investors. US stock indexes have risen sharply, causing investors to shift capital to stocks, while cash flow into the gold market is very low, causing gold prices to plummet today.

In addition, short-term speculators continuously taking profits and investors' cautious sentiment increasing ahead of the FED meeting next week also put strong downward pressure on gold prices today.

However, according to experts, the gold price increase is still very promising in the long term thanks to the safe-haven flow amid geopolitical instability, US tax policy and large buying power from central banks. Gold prices are forecast to continue to increase strongly and set a new peak of over 4,400 USD/ounce in the first half of 2026.

Today, the USD-Index is at 98.99 points; the yield on 10-year US Treasury bonds is currently at 4.139%; the US stock market continues to increase thanks to expectations that the FED will cut interest rates next week; world oil prices continue to increase due to concerns about supply disruptions amid escalating geopolitical tensions, trading around 63.75 USD/barrel for Brent oil and 60.08 USD/barrel for WTI oil.

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