The price of gold rings and gold bars fell sharply.

Domestic gold price today December 21, 2024

At the time of survey at 4:30 a.m. on December 21, 2024, domestic gold prices on the trading floors of some companies continued to decrease sharply.

The price of SJC gold was listed by Saigon Jewelry Company (SJC) at 81.8 million VND/tael for buying and 83.8 million VND/tael for selling, down 300 thousand 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.

The price of 9999 gold today is listed by DOJI at 82.75 million VND/tael for buying and 83.75 million VND/tael for selling. Compared to yesterday, the price of 9999 gold rings decreased by 300 thousand VND/tael in both buying and selling directions.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 83-83.8 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold bars also decreased by 300 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by businesses at 82-83.8 million VND/tael (buying - selling). Compared to yesterday, gold price decreased by 100 thousand VND/tael in buying - decreased by 300 thousand VND/tael in selling.

At Bao Tin Manh Hai, it is also being traded at 81.9-83.8 million VND/tael (buy in - sell out). Compared to yesterday, the gold price decreased by 200 thousand VND/tael for buying - decreased by 300 thousand VND/tael for selling.

The latest gold price list today, December 21, 2024 is as follows:

Gold price today	December 21, 2024 (Million VND)		Difference (thousand dong/tael)
	Buy	Sell ​​out	Buy	Sell ​​out
SJC in Hanoi	81.8	83.8	-300	-300
DOJI Group	81.8	83.8	-300	-300
Mi Hong	83	83.8	-300	-300
PNJ	81.8	83.8	-300	-300
Vietinbank Gold		83.8		-300
Bao Tin Minh Chau	82	83.8	-100	-300
Bao Tin Manh Hai	81.9	83.8	-200	-300

1. DOJI - Updated: December 21, 2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type	Buy	Sell ​​out
AVPL/SJC HN	81,800 ▼300K	83,800 ▼300K
AVPL/SJC HCM	81,800 ▼300K	83,800 ▼300K
AVPL/SJC DN	81,800 ▼300K	83,800 ▼300K
Raw material 9999 - HN	82,650 ▼300K	82,850 ▼300K
Raw materials 999 - HN	82,550 ▼300K	82,750 ▼300K
AVPL/SJC Can Tho	81,800 ▼300K	83,800 ▼300K

2. PNJ - Updated: December 21, 2024 04:30 - Website supply time - ▼/▲ Compared to yesterday.
Type	Buy	Sell ​​out
HCMC - PNJ	82,800 ▼300K	83,750 ▼300K
HCMC - SJC	81,800 ▼300K	83,800 ▼300K
Hanoi - PNJ	82,800 ▼300K	83,750 ▼300K
Hanoi - SJC	81,800 ▼300K	83,800 ▼300K
Da Nang - PNJ	82,800 ▼300K	83,750 ▼300K
Da Nang - SJC	81,800 ▼300K	83,800 ▼300K
Western Region - PNJ	82,800 ▼300K	83,750 ▼300K
Western Region - SJC	81,800 ▼300K	83,800 ▼300K
Jewelry gold price - PNJ	82,800 ▼300K	83,750 ▼300K
Jewelry gold price - SJC	81,800 ▼300K	83,800 ▼300K
Jewelry gold price - Southeast	PNJ	82,800 ▼300K
Jewelry gold price - SJC	81,800 ▼300K	83,800 ▼300K
Jewelry gold price - Jewelry gold price	PNJ 999.9 Plain Ring	82,800 ▼300K
Jewelry gold price - Jewelry gold 999.9	82,700 ▼300K	83,500 ▼300K
Jewelry gold price - 999 jewelry gold	82,620 ▼300K	83,420 ▼300K
Jewelry gold price - 99 jewelry gold	81,770 ▼290K	82,770 ▼290K
Jewelry gold price - 916 gold (22K)	75,590 ▼270K	76,590 ▼270K
Jewelry gold price - 750 gold (18K)	61,380 ▼220K	62,780 ▼220K
Jewelry gold price - 680 gold (16.3K)	55,530 ▼200K	56,930 ▼200K
Jewelry gold price - 650 gold (15.6K)	53,030 ▼190K	54,430 ▼190K
Jewelry gold price - 610 gold (14.6K)	49,690 ▼180K	51,090 ▼180K
Jewelry gold price - 585 gold (14K)	47,600 ▼170K	49,000 ▼170K
Jewelry gold price - 416 gold (10K)	33,490 ▼120K	34,890 ▼120K
Jewelry gold price - 375 gold (9K)	30,060 ▼120K	31,460 ▼120K
Jewelry gold price - 333 gold (8K)	26,310 ▼90K	27,710 ▼90K

3. SJC - Updated: 12/21/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type	Buy	Sell ​​out
SJC 1L, 10L, 1KG	81,800 ▼300K	83,800 ▼300K
SJC 5c	81,800 ▼300K	83,820 ▼300K
SJC 2c, 1C, 5 phan	81,800 ▼300K	83,830 ▼300K
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi	81,800 ▼300K	83,600 ▼200K
SJC 99.99 gold ring 0.3 chi, 0.5 chi	81,800 ▼300K	83,700 ▼200K
99.99% Jewelry	81,700 ▼300K	83,200 ▼200K
99% Jewelry	79,376 ▼198K	82,376 ▼198K
Jewelry 68%	53,731 ▼136K	56,731 ▼136K
Jewelry 41.7%	31,847 ▼84K	34,847 ▼84K

World gold price today December 21, 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 2,609.59 USD/Ounce. Today's gold price increased by 8.34 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 81.91 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.89 million VND/tael higher than the international gold price.

Last week, the world gold price increased slightly, but overall the week still recorded a decrease of about 2%, greatly affected by the strong increase in the USD. The USD Index (DXY) reached its highest level in more than a year, putting pressure on the gold market, which is sensitive to USD fluctuations.

The US Federal Reserve (FED) cut interest rates by 0.25%, as expected. However, the surprise was in the latest Summary of Economic Projections (SEP), released at the recent meeting. This document shows a significant change in interest rate forecasts from 2024 to 2027.

The new forecast cuts the number of rate cuts in 2024 from four to just one, a 0.25% reduction. This is a more hawkish (more restrictive) view than the market had expected.

Fed Chairman Jerome Powell had hinted at the change in previous speeches, but the official announcement still took markets by surprise.

Investors are now turning their attention to the core personal consumption expenditure (PCE) index data, the Fed's key inflation gauge, for further signals on the US economic outlook.

According to expert Soni Kumari from ANZ, the gold market is in a correction phase, as investors wait for Mr. Trump to take office next year and evaluate new trade policies.

In another development, President-elect Donald Trump announced significant progress in government budget and debt ceiling negotiations. The proposed bill would extend the government budget by three months. It would allow additional borrowing until January 30, 2027.

Mr Trump also called on Congress to consider eliminating or raising the debt ceiling altogether. However, the bill's passage remains uncertain, requiring bipartisan support in Congress. A vote could come as early as tonight.

Gold price forecast

Reuters technical analyst Wang Tao forecasts that spot gold could retest the $2,582 support level if selling pressure continues. In the current context, investors are advised to closely monitor macroeconomic factors, including inflation, interest rate policies and geopolitical situations, to make rational investment decisions.

Many experts predict that gold prices could reach a record high in 2025. In particular, UBS bank believes that gold prices will increase to around $2,900/ounce by the end of 2025, thanks to strong demand from central banks and investors.

Analysts also highlighted the important role of China in driving gold prices. If the country continues to increase its gold purchases, prices could reach $3,000 an ounce in the same period.

Source: https://baodaknong.vn/gia-vang-hom-nay-21-12-2024-gia-vang-nhan-va-vang-mieng-keo-nhau-giam-manh-237484.html