Gold price this afternoon December 18, 2024: World gold price slightly decreased, domestic gold price slightly increased
Gold price this afternoon, December 18, 2024: World gold price decreased slightly while waiting for the meeting from the Fed. Meanwhile, gold price at some domestic brands increased slightly, especially the buying price had a higher increase.
Domestic gold price this afternoon December 18, 2024
At the time of survey at 1:00 p.m. on December 18, 2024, the SJC gold price of Saigon Jewelry Company (SJC) and Bao Tin Minh Chau Company was traded at VND 83.1 - 85.1 million/tael (buy - sell), an increase of VND 500,000/tael in the buying price, keeping the selling price unchanged compared to the previous trading session.
The price difference between buying and selling narrowed to 2 million VND/tael.
Mi Hong gold price at Mi Hong Jewelry Company is listed at 84.3-85.1 million VND/tael (buy - sell). Compared to yesterday, SJC gold bar price increased by 200 thousand VND/tael in buying price and remained unchanged in selling price.
The price of SJC gold rings of Saigon Jewelry Company Limited (SJC) is currently trading at 83 - 84.5 million VND/tael (buy - sell), an increase of 400 thousand VND/tael for buying and 200 thousand VND/tael for selling compared to the previous session.
The price of Hung Thinh Vuong 9999 round gold ring of DOJI Group is listed at 83.7 - 84.7 million VND/tael (buy - sell), the selling price remains unchanged compared to the end of yesterday.
At Phu Quy Group, Phu Quy 999.9 gold ring price is at 83.4 - 84.8 million VND/tael (buy - sell).
The price of Bao Tin Minh Chau's Thang Long Dragon round gold ring is listed at VND83.68 million/tael (buy) and VND85.43 million/tael (sell), unchanged from the previous session.

Today (12/18/2024) | Yesterday (17/12/2024) | |||
Purchase price | Selling price | Purchase price | Selling price | |
SJC | 83,100▲500 | 85,100 | 82,600 | 85,100 |
DOJI HN | 82,600 | 85,100 | 82,600 | 85,100 |
DOJI SG | 82,600 | 85,100 | 82,600 | 85,100 |
BTMC SJC | 83,100▲500 | 85,100 | 82,600 | 85,100 |
Phu Quy SJC | 82,600 | 85,100 | 82,600 | 85,100 |
PNJ HCMC | 83,600 | 84,700 | 83,600 | 84,700 |
PNJ Hanoi | 83,600 | 84,700 | 83,600 | 84,700 |
Domestic gold prices remained unchanged amid falling global gold prices due to pressure from the US dollar and stronger Treasury yields. Investors expect the US Federal Reserve (Fed) to adopt a cautious approach to easing monetary policy next year.
World gold price this afternoon December 18, 2024
As of 2:30 p.m. on December 18 (Vietnam time), the world gold price slightly decreased by 11.04 USD compared to the previous session, down to 2,643.47 USD/ounce.
Gold prices continued to fall as investors cautiously awaited signals from the US Federal Reserve (Fed) after an important meeting. The Fed meeting began on the evening of December 17 and will end in the early morning of December 19, with a speech and press conference by Fed Chairman Jerome Powell.
Investors are waiting for the Fed's Open Market Committee (FOMC) rate announcement, says David Morrison of Trade Nation. There is currently a 96% chance the Fed will cut rates by 25 basis points. But the key is the FOMC's quarterly summary of economic projections, including GDP growth, unemployment, inflation and the federal funds rate for 2025 and beyond.
The signals from the FOMC will indicate what interest rates will be, thereby affecting the strength of the USD. Gold prices often move inversely to the USD. The Fed is expected to be more cautious in 2025, possibly not cutting interest rates at the January meeting, but only cutting in the March, June and September meetings. If so, the pace of Fed rate cuts will be slower than previously forecast, causing the USD to stabilize or increase, and gold may be under downward pressure.
Many experts predict that commodity prices and inflation will increase under Donald Trump due to his plan to cut taxes domestically, leading to a budget deficit. The Fed may have to react soon to avoid a spiral of escalating prices, causing strong profit-taking in gold in recent sessions.
Gold is also no longer strongly supported by geopolitical instability. The Middle East has shown signs of cooling down after the Assad regime in Syria collapsed and Russia signaled its withdrawal from the region.