Gold price today December 27, 2024 recorded the world market was driven by geopolitical tensions. According to experts, the gold market will maintain a state of balance, with transactions mainly moderate before the new year.
| 1. PNJ - Updated: 12/26/2024 11:00 PM - Source website time - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 83,700 ▲100K | 84,500 ▲200K |
| HCMC - SJC | 82,500 ▲200K | 84,500 ▲200K |
| Hanoi - PNJ | 83,700 ▲100K | 84,500 ▲200K |
| Hanoi - SJC | 82,500 ▲200K | 84,500 ▲200K |
| Da Nang - PNJ | 83,700 ▲100K | 84,500 ▲200K |
| Da Nang - SJC | 82,500 ▲200K | 84,500 ▲200K |
| Western Region - PNJ | 83,700 ▲100K | 84,500 ▲200K |
| Western Region - SJC | 82,500 ▲200K | 84,500 ▲200K |
| Jewelry gold price - PNJ | 83,700 ▲100K | 84,500 ▲200K |
| Jewelry gold price - SJC | 82,500 ▲200K | 84,500 ▲200K |
| Jewelry gold price - Southeast | PNJ | 83,700 ▲100K |
| Jewelry gold price - SJC | 82,500 ▲200K | 84,500 ▲200K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,700 ▲100K |
| Jewelry gold price - Jewelry gold 999.9 | 83,600 ▲200K | 84,400 ▲200K |
| Jewelry gold price - Jewelry gold 999 | 83,520 ▲200K | 84,320 ▲200K |
| Jewelry gold price - Jewelry gold 99 | 82,660 ▲200K | 83,660 ▲200K |
| Jewelry gold price - 916 gold (22K) | 76,410 ▲180K | 77,410 ▲180K |
| Jewelry gold price - 750 gold (18K) | 62,050 ▲150K | 63,450 ▲150K |
| Jewelry gold price - 680 gold (16.3K) | 56,140 ▲130K | 57,540 ▲130K |
| Jewelry gold price - 650 gold (15.6K) | 53,610 ▲130K | 55,010 ▲130K |
| Jewelry gold price - 610 gold (14.6K) | 50,230 ▲120K | 51,630 ▲120K |
| Jewelry gold price - 585 gold (14K) | 48,120 ▲110K | 49,520 ▲110K |
| Jewelry gold price - 416 gold (10K) | 33,860 ▲80K | 35,260 ▲80K |
| Jewelry gold price - 375 gold (9K) | 30,400 ▲70K | 31,800 ▲70K |
| Jewelry gold price - 333 gold (8K) | 26,600 ▲60K | 28,000 ▲28000K |
Update gold price today 12/27/2024
World gold prices are driven by geopolitical tensions.
According to the World and Vietnam Newspaper at 6:00 p.m. on December 26, 2024, the world gold price on the Kitco exchange was at 2,624.3 - 2,625.3 USD/ounce, an increase of 6.3 USD compared to the previous trading session.
Investors are keeping an eye on the Federal Reserve's 2025 interest rate strategy and President-elect Donald Trump's tariff policies, factors that could shape the precious metal's trajectory next year.
The precious metal has surged 27% this year and is on track for its biggest gain since 2010, helped by aggressive rate cuts by the Fed and rising geopolitical uncertainty. Gold is considered a safe investment during times of geopolitical uncertainty and tends to gain in low-interest-rate environments.
The stagnation of the US dollar and US government bond yields in this session allowed gold prices to continue to recover from the recent post-Fed meeting decline. In addition, the bullish trend that usually occurs in the last week of December is also contributing to the current bullish momentum of gold.
Geopolitically, Hamas and Israel have blamed each other for failing to finalize a ceasefire, despite reports of progress in negotiations.
Mr. Brian Lan, CEO of Singapore-based gold and silver trading company GoldSilver Central, said that the instability related to the Middle East, if escalated, could create a bullish trend for gold prices.
Traders are awaiting data on US jobless claims due on December 26, and preparing for major policy changes when Mr Trump returns to the White House in January 2025.
Domestic gold prices increased simultaneously.
Specifically, SJC gold bars were listed by SJC Company at VND82.5 million/tael for buying and VND84.5 million/tael for selling. An increase of VND200,000/tael for buying and selling compared to the end of yesterday.
Meanwhile, SJC 9999 gold rings were bought at 82.5 million VND/tael and sold at 84.3 million VND/tael, an increase of 200 thousand VND/tael for both buying and selling compared to the closing price on December 25.
The DOJI brand is similar. In Hanoi and Ho Chi Minh City, DOJI gold bars are bought at VND82.5 million/tael and sold at VND84.5 million/tael. An increase of VND200,000 per tael compared to the closing price on Wednesday.
Particularly, Doji Hung Thinh Vuong 9999 gold ring is bought at 83.5 million VND/tael and sold at 84.5 million VND/tael. With an increase of 200,000 VND in both buying and selling directions compared to the closing price of December 25, the buying price of gold ring is still 1 million VND more expensive than the buying price of SJC gold bars.
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| Gold price today December 27, 2024: Gold price steadily increases, geopolitical tensions 'fan the fire', the market 'brightens' to increase. (Source: CNBC) |
Summary of SJC gold bar prices at major domestic trading brands at the closing time of trading session on December 26:
Saigon Jewelry Company SJC: SJC gold bars 82.5 - 84.5 million VND/tael.
DOJI Group: SJC gold bars 82.5 - 84.5 million VND/tael.
PNJ system: SJC gold bars 82.5 - 84.5 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 82.5 - 84.5 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 82.3 - 84.3 million VND/tael.
Gold's strong position
The World Gold Council (WGC) reported that central bank demand for gold has reached its highest level in more than ten years.
This is a clear demonstration of gold’s solid position as a safe haven asset, especially when the global geopolitical and economic situation continues to be unstable. At the same time, loose monetary policies and slower rate hikes from central banks also contribute to creating positive momentum for gold prices.
Experts say the gold market will maintain a state of balance, with transactions mostly at a moderate level before the new year.
Tom Bruce, macro investment strategist at Tanglewood Total Wealth Management, predicts gold prices will rise about 10% next year, staying below $3,000 an ounce. The biggest near-term challenge for gold in 2025 will be rising real yields and strong economic growth in the U.S.
Meanwhile, according to Mr. Brian Lan, CEO of distributor GoldSilver Central in Singapore, the instability related to the Middle East region will impact the precious metals market.
"If the situation escalates, this could create a bullish trend for gold. I don't expect gold prices to fluctuate much at this point and will likely close around current levels by the end of the year," said Brian Lan.
Meanwhile, Mr. Zain Vawda, an analyst at OANDA, said that if there are no major geopolitical shocks, gold prices in 2025 could remain stable around $2,800/ounce.
Mr. George Milling-Stanley, strategist of State Street Global Advisors, predicted that gold prices have a 50% chance of fluctuating between 2,600-2,900 USD/ounce, and a 30% chance of surpassing the threshold of 3,100 USD/ounce.
Source: https://baoquocte.vn/gia-vang-hom-nay-27122024-gia-vang-vung-buoc-di-len-cang-thang-dia-chinh-tri-thoi-lua-thi-truong-sang-cua-tang-298720.html
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