Gold price this afternoon November 21, 2024: Domestic gold price increased sharply in both directions

Domestic gold price this afternoon November 21, 2024

Domestic gold prices increased both in buying and selling prices this afternoon, November 21. The increase in buying prices ranged from 600,000 VND to 1 million VND/tael, while the selling price increased from 400,000 VND to 500,000 VND/tael.

At the time of survey at 2:00 p.m., the price of SJC gold was recorded at 83.7 million VND/tael for buying, an increase of 1 million VND compared to yesterday. The selling price reached 86.2 million VND/tael, an increase of 500 thousand VND. The difference between buying and selling prices was 2.5 million VND/tael.

DOJI gold prices also recorded a similar increase. The buying price reached 83.7 million VND/tael, an increase of 1 million VND, while the selling price was 86.2 million VND/tael, an increase of 500 thousand VND. The difference between the buying and selling prices here was also 2.5 million VND.

For PNJ gold, the prices are somewhat different. The buying price is 84.6 million VND/tael, an increase of 600 thousand VND. The selling price is 85.6 million VND/tael, an increase of 400 thousand VND, with a difference of 1 million VND between the two sides.

At Bao Tin Minh Chau brand, the buying price today increased by 800,000 VND, reaching 84 million VND/tael, while the selling price increased by 500,000 VND, at 86.2 million VND/tael.

Phu Quy Gold and Silver Company also recorded a similar increase with the buying price reaching 83.9 million VND/tael (up 700 thousand VND) and the selling price reaching 86.2 million VND/tael (up 500 thousand VND).

In general, domestic gold prices this afternoon increased sharply in most brands, with the difference between buying and selling prices depending on each company.

	Today (November 21, 2024)		Yesterday (November 20, 2024)
	Purchase price	Selling price	Purchase price	Selling price
SJC	83,700 1000	86,200 500	82,700	85,700
DOJI Hanoi	83,700 1000	86,200 500	82,700	85,700
DOJI SG	83,700 1000	86,200 500	82,700	85,700
BTMC SJC	84,000 800	86,200 500	83,200	85,700
Phu Quy SJC	83,900 700	86,200 500	83,200	85,700
PNJ HCMC	84,600 600	85,600 400	84,000	85,200

International gold price this afternoon November 20, 2024

Gold prices continued to rise for the fourth consecutive session on November 21, thanks to strong demand for gold as a safe-haven asset. Spot gold prices rose slightly by 0.15% to $2,654 an ounce.

According to Kitco, the current rally in gold is fueled by the belief that the precious metal's upward trend remains strong, despite a significant decline earlier.

“The recent price drop is just a correction and does not change the positive forecast for gold,” said Julia Khandoshko, general manager of brokerage Mind Money in Europe. She believes gold prices will return to last month’s record high of $2,800 an ounce and could reach $3,000 an ounce by 2025.

According to Ms. Khandoshko, the long-term outlook for gold remains very positive thanks to factors such as geopolitical tensions, the increasing influence of Eastern countries and the global inflation situation. These factors are expected to continue to support gold prices in the future.

She also said that the US election results or short-term fluctuations in markets such as cryptocurrencies will not affect the overall trend of gold. The recent price decline is even seen as a good opportunity for investors to enter the market, as these short-term fluctuations are a natural part of the market cycle.

“The upward trend in gold prices will continue, and investors should not be too concerned about temporary fluctuations,” Khandoshko stressed.