Gold prices on December 21st: SJC gold increases by 200,000 VND, gold ring prices show mixed results.
Global gold prices rose due to expectations of a Fed interest rate cut, while the domestic market showed strong divergence. SJC gold bars saw a slight increase, while gold ring prices moved in the opposite direction.
World gold prices continue their upward trend.
On the international market, the spot gold price in Asia on the morning of December 21st rose by more than $36 per ounce, equivalent to 0.84%, compared to the end of last week. This upward trend reflects gold's role as a safe haven asset amidst global economic uncertainties.
The main driver of the rally came from cooling inflation data in the US. The US Consumer Price Index (CPI) for November rose 2.7% year-on-year, lower than the forecast of 3.1%. This reinforced expectations that the Federal Reserve (Fed) will ease monetary policy next year.
Chicago Fed President Austan Goolsbee also supported this view, stating that the downward inflation trend "could pave the way for deeper interest rate cuts."
In addition, weakening US consumer confidence is also a factor supporting gold prices. According to a University of Michigan survey, this index reached only 52.9 points in December 2025, a historically low level, indicating that concerns about inflation and declining purchasing power still persist.
Geopolitical tensions, particularly the Russia-Ukraine conflict, have also contributed to the increased demand for safe-haven assets like gold.
Predictions from experts
According to OANDA expert Zain Vawda, short-term correction pressure may occur due to year-end profit-taking. However, the long-term outlook for gold remains positive.
Goldman Sachs forecasts that the price of gold could rise by approximately 14%, reaching $4,900 per ounce by the end of 2026. Meanwhile, RBC Capital Markets projects the price of this precious metal to fluctuate between $4,500 and $5,000 per ounce in 2026.
The domestic market is fragmented.
In the domestic market, the price of SJC gold bars continued to rise slightly, while the price of gold rings showed inconsistent trends across different brands.
SJC gold bars all increased in price.
As of the morning of December 21st, the price of SJC gold bars was adjusted upwards by major brands. The difference between the buying and selling price remained high, ranging from 2 to 3 million VND per ounce.
| Trademark | Purchase price (VND/ounce) | Selling price (VND/ounce) | Change |
|---|---|---|---|
| SJC | 154,600,000 | 156,600,000 | An increase of 200,000 |
| DOJI | 154,600,000 | 156,600,000 | An increase of 200,000 |
| Phu Quy | 153,600,000 | 156,600,000 | Increased by 200,000 (sales) |
Gold prices for rings are showing mixed trends.
In contrast to gold bars, the market for gold rings shows inconsistent fluctuations across brands:
- DOJI (Hung Thinh Vuong 9999):The price remains unchanged at 151,000,000 - 154,000,000 VND/ounce (buying price - selling price).
- Bao Tin Minh Chau (Thang Long Dragon):Prices remained stable at 152,200,000 - 155,200,000 VND/ounce.
- Phu Quy (round ring 999.9):The price increased by 200,000 VND/ounce, reaching 151,600,000 - 154,600,000 VND/ounce.
- SJC (gold rings):The price increased by 200,000 VND/ounce, reaching 150,500,000 - 153,500,000 VND/ounce.
Based on the exchange rate at Vietcombank, the current world gold price is equivalent to approximately 138.1 million VND per tael. This price is more than 18 million VND per tael lower than the domestic SJC gold bar price, indicating a significant difference still exists between the two markets.
