Gold price today 12/2/2024 is predicted to increase after a week of sharp decline in the world and domestic markets. Experts predict that after a period of price reduction, gold has reached a certain price level. Therefore, gold price will increase.
| 1. PNJ - Updated: 12/01/2024 22:30 - Website supply time - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 83,500 | 84,600 |
| HCMC - SJC | 83,300 | 85,800 |
| Hanoi - PNJ | 83,500 | 84,600 |
| Hanoi - SJC | 83,300 | 85,800 |
| Da Nang - PNJ | 83,500 | 84,600 |
| Da Nang - SJC | 83,300 | 85,800 |
| Western Region - PNJ | 83,500 | 84,600 |
| Western Region - SJC | 83,300 | 85,800 |
| Jewelry gold price - PNJ | 83,500 | 84,600 |
| Jewelry gold price - SJC | 83,300 | 85,800 |
| Jewelry gold price - Southeast | PNJ | 83,500 |
| Jewelry gold price - SJC | 83,300 | 85,800 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,500 |
| Jewelry gold price - Jewelry gold 999.9 | 83,400 | 84,200 |
| Jewelry gold price - Jewelry gold 999 | 83,320 | 84,120 |
| Jewelry gold price - Jewelry gold 99 | 82,460 | 83,460 |
| Jewelry gold price - 916 gold (22K) | 76,730 | 77,230 |
| Jewelry gold price - 750 gold (18K) | 61,900 | 63,300 |
| Jewelry gold price - 680 gold (16.3K) | 56,010 | 57,410 |
| Jewelry gold price - 650 gold (15.6K) | 53,480 | 54,880 |
| Jewelry gold price - 610 gold (14.6K) | 50,110 | 51,510 |
| Jewelry gold price - 585 gold (14K) | 48,010 | 49,410 |
| Jewelry gold price - 416 gold (10K) | 33,780 | 35,180 |
| Jewelry gold price - 375 gold (9K) | 30,330 | 31,730 |
| Jewelry gold price - 333 gold (8K) | 26,540 | 27,940 |
Update gold price today 12/2/2024
Domestic SJC gold price last week decreased by 1.7 million VND/tael for buying and 1.2 million VND/tael for selling.
SJC Company listed buying price at 83.3 million VND/tael, selling price at 85.8 million VND/tael, down 1.7 million VND/tael in buying price and 1.2 million VND/tael in selling price compared to the end of last week.
Similarly, the price of gold rings and jewelry gold also went down. Specifically, SJC Company traded 99.99 gold rings at VND82.8 million/tael for buying and VND84.7 million/tael for selling, down VND2.2 million/tael for buying and VND1.8 million/tael for selling.
World gold price closed the trading week at 2,649 USD/ounce (down 67 USD/ounce compared to the end of last week).
Gold ended the week down 3% after President-elect Donald Trump nominated Scott Bessent, a Wall Street financier, to head the Treasury Department.
The market expects Bessent to be a steady, safe hand for the economy.
A potential ceasefire between Israel and Lebanon eased geopolitical concerns, dampening the appeal of gold. However, gold rallied after Trump threatened to impose 25% tariffs on Mexico and Canada and proposed a 10% tariff on all products from China.
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| Gold price today December 2, 2024: Gold price will regain what it has lost, new 'sharks' appear to stir up the market. (Source: Kitco) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of December 1:
Saigon Jewelry Company SJC: SJC gold bars 83.3 - 85.8 million VND/tael; SJC gold rings 82.8 - 84.7 million VND/tael.
Doji Group: SJC gold bars 83.3 - 85.8 million VND/tael; 9999 round rings (Hung Thinh Vuong) 83.5 - 84.5 million VND/tael.
PNJ system: SJC gold bars 83.3 - 85.8 million VND/tael; PNJ 999.9 plain gold rings at 83.5 - 84.6 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 83.3 - 85.8 million VND/tael; Phu Quy 999.9 round gold rings: 83.5 - 84.8 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 83.3 - 85.8 million VND/tael.
For the first time in history, total demand for gold exceeds $100 billion
The World Gold Council's Q3/2024 report shows that total gold demand increased by 5% year-on-year to 1,313 tons, marking a record increase in the third quarter.
For the first time in history, total demand for gold exceeded $100 billion.
According to Kitco, with 100 tons of gold purchased from the beginning of the year to the end of the third quarter, the Central Bank of Poland has become the world's largest gold buyer.
Eastern European countries are quietly emerging, replacing China as the biggest gold sharks in recent quarters.
Central banks around the world are hoarding gold as a hedge against external shocks, such as potential trade wars sparked by a second Donald Trump presidency and geopolitical tensions in Ukraine and the Middle East, Bloomberg reports.
Eastern European countries are looking to fill their gold reserves.
Poland's gold buying pace since April 2024 has outpaced even the world's largest economies, said Grzegorv Drozdz, market analyst at Conotoxia.
Will gold prices rise?
According to the latest Kitco News gold survey, industry experts are almost evenly split on bullish and stable trends, while retail traders say gold is unlikely to continue rising.
Precious metals are under both bullish and bearish pressure in the near term, said Marc Chandler, CEO at Bannockburn Global Forex.
Mr. Marc Chandler predicted: “Gold has fallen nearly 3.4%, the biggest drop in many months. Although US interest rates and the USD have decreased, gold traders are still panicked by the unusual fluctuations of this precious metal. Gold will soon be under both increasing and decreasing pressure."
Meanwhile, James Stanley, senior market strategist at Forex.com, stressed that gold prices will increase in the coming time despite the fierce sell-off at the beginning of last week. The support price range of 2,617-2,62 USD/ounce is noteworthy.
"After a period of decline, gold has reached a certain price level. Therefore, gold will increase in price," he predicted.
Colin Cieszynski, chief market strategist at SIA Wealth Management, said it was impossible to predict gold prices this week because it falls on the US Thanksgiving holiday.
“Gold and cryptocurrencies are quite volatile. Gold prices are swinging in both directions. There will be many gold investors who are not trading, the volume will be low this week so it is difficult to predict but in the short term, gold will not increase sharply in the near future,” Mr. Cieszynski commented.
This week, 14 analysts participated in the Kitco News gold survey. Of those, 43% forecast gold prices to rise next week, while 50% predicted prices would move sideways; the remainder expected prices to fall.
Meanwhile, 199 votes were cast in Kitco's online poll, 48% predicted gold prices would rise next week, 21% said gold would trend sideways in the coming time, and the rest predicted a decrease.
Source: https://baoquocte.vn/gia-vang-hom-nay-2122024-gia-vang-se-lay-lai-nhung-gi-da-mat-ca-map-moi-lo-dien-khuay-dong-thi-truong-295761.html
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