Gold price today November 20, 2024 recorded that the domestic and world markets are "heating up" again. Up to now, the precious metal has had a year of outstanding growth, continuously setting record peaks.
| 1. PNJ - Updated: November 19, 2024 22:00 - Website supply time - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 83,600 ▲1800K | 84,800 ▲1600K |
| HCMC - SJC | 82,000 ▲1000K | 85,000 ▲1000K |
| Hanoi - PNJ | 83,600 ▲1800K | 84,800 ▲1600K |
| Hanoi - SJC | 82,000 ▲1000K | 85,000 ▲1000K |
| Da Nang - PNJ | 83,600 ▲1800K | 84,800 ▲1600K |
| Da Nang - SJC | 82,000 ▲1000K | 85,000 ▲1000K |
| Western Region - PNJ | 83,600 ▲1800K | 84,800 ▲1600K |
| Western Region - SJC | 82,000 ▲1000K | 85,000 ▲1000K |
| Jewelry gold price - PNJ | 83,600 ▲1800K | 84,800 ▲1600K |
| Jewelry gold price - SJC | 82,000 ▲1000K | 85,000 ▲1000K |
| Jewelry gold price - Southeast | PNJ | 83,600 ▲1800K |
| Jewelry gold price - SJC | 82,000 ▲1000K | 85,000 ▲1000K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,600 ▲1800K |
| Jewelry gold price - Jewelry gold 999.9 | 83,500 ▲1800K | 84.300 ▲1800K |
| Jewelry gold price - 999 jewelry gold | 83.420 ▲1800K | 84.220 ▲1800K |
| Jewelry gold price - 99 jewelry gold | 82,560 ▲1780K | 83,560 ▲1780K |
| Jewelry gold price - 916 gold (22K) | 76,820 ▲1650K | 77,320 ▲1650K |
| Jewelry gold price - 750 gold (18K) | 61,980 ▲1350K | 63,380 ▲1350K |
| Jewelry gold price - 680 gold (16.3K) | 56,070 ▲1220K | 57,470 ▲1220K |
| Jewelry gold price - 650 gold (15.6K) | 53,550 ▲1170K | 54,950 ▲1170K |
| Jewelry gold price - 610 gold (14.6K) | 50,170 ▲1090K | 51,570 ▲1090K |
| Jewelry gold price - 585 gold (14K) | 48,070 ▲1060K | 49,470 ▲1060K |
| Jewelry gold price - 416 gold (10K) | 33,820 ▲750K | 35,220 ▲750K |
| Jewelry gold price - 375 gold (9K) | 30,360 ▲670K | 31,760 ▲670K |
| Jewelry gold price - 333 gold (8K) | 26,570 ▲590K | 27,970 ▲590K |
Update gold price today November 20, 2024
Domestic gold prices recorded "heating up" in the trading session on November 19.
Specifically, Saigon Jewelry Company (SJC) announced the price of SJC gold bars at 82 - 85 million VND/tael (buy - sell), an increase of 1 million VND/tael in both buying and selling prices compared to the closing price on November 18.
DOJI Gold and Gemstone Group announced the selling price of SJC gold bars at 82 - 85 million VND/tael (buy - sell), an increase of 1 million VND/tael in both buying and selling prices compared to the closing price on November 18.
Similar to the increase in the price of SJC gold bars, the price of gold rings increased simultaneously. DOJI Gold and Gemstone Group listed the price of gold rings at 83.7 and 84.7 million VND/tael (buy - sell), an increase of 1.7 million VND/tael in both buying and selling compared to the closing price of November 18.
Saigon Jewelry Company (SJC) announced the price of gold rings at 82 - 84.2 million VND/tael (buy - sell), an increase of 1.2 million VND/tael in both buying and selling prices compared to the closing price yesterday.
Gold prices climbed to a one-week high on Wednesday , helped by a weaker US dollar, as markets await comments from US Federal Reserve officials on the outlook for interest rates.
According to the World and Vietnam Newspaper at 6:00 p.m. on November 19, the world gold price on the Kitco exchange was at 2,633.6 - 2,634.6 USD/ounce, an increase of 22.7 USD/ounce compared to the previous trading session.
The dollar fell back under pressure from profit-taking after last week’s strong rally. A weaker dollar makes gold cheaper for holders of other currencies.
Recent strong economic data has raised concerns about whether the Fed will continue to cut interest rates after cutting them by 0.75 percentage points starting in September 2024.
Meanwhile, Russia recently launched its largest military action in nearly three months in Ukraine, causing severe damage to the country’s power grid. Non-yielding assets such as gold tend to appreciate in lower interest rates and geopolitical uncertainty.
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| Gold price today November 20, 2024: Gold price 'heats up' again, increases by millions, 'big players' are about to enter and stir up the market. (Source: CNBC) |
Summary of gold prices at major domestic trading brands at the closing time of the trading session on the afternoon of November 19:
Saigon Jewelry Company SJC: SJC gold bars 82 - 85 million VND/tael.
Doji Group: SJC gold bars 82 - 85 million VND/tael.
PNJ system: SJC gold bars 83.6 - 84.8 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 82 - 85 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 82 - 85 million VND/tael.
Two main factors "pull" gold prices up
Goldman Sachs predicts that world gold prices will continue to increase strongly in 2025, reaching a record $3,000/ounce in December.
Goldman Sachs's prediction is based on two main factors: First, increased demand for gold from central banks. Second , the positive impact of the Fed's interest rate cut.
Up to now, the precious metal has had a year of outstanding growth, continuously setting record highs. However, after Mr. Donald Trump was re-elected as US President, the price of gold has decreased slightly due to the strengthening of the USD.
Support from the Fed's monetary easing policies and public sector gold buying demand are still driving gold prices higher in the long term.
Goldman Sachs said: "Increasing trade tensions and concerns about the US's ability to maintain finances are the main factors driving up gold prices. In this context, many central banks, especially those holding large amounts of US Treasury bonds, may turn to gold reserves to preserve asset value."
Not only that, gold exchange-traded funds (ETFs) are also expected to attract strong capital flows as interest rates fall.
Experts say investors are looking for safe havens from global economic and financial fluctuations.
Since mid-February, gold has gained more than $700 an ounce, and this pullback does not change the main trend.
"A technical recovery could push gold prices to around $2,670 to $2,725 an ounce in the short term," experts forecast.
This precious metal is also expected to increase again due to demand from "big players" in the world, including China, after the country's central bank stopped buying gold for 6 consecutive months due to high prices.
Gold is also expected to benefit from the peak gold consumption season in Asia, when major countries such as China and India enter the wedding and year-end festival season.
Source: https://baoquocte.vn/gia-vang-hom-nay-20112024-gia-vang-nong-tro-lai-tang-tien-trieu-tay-to-sap-buoc-vao-va-khuya-dong-thi-truong-294303.html
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