Gold price this afternoon December 26, 2024: World and domestic gold prices increased after the holiday
Gold price this afternoon December 26, 2024: World and domestic gold prices increased after Christmas holidays. The buying price of gold rings is 1 million VND more expensive than SJC gold bars.
Domestic gold price this afternoon December 26, 2024
At 2:30 p.m. on December 26, 2024, domestic gold prices increased in both buying and selling directions compared to the closing price of December 25. SJC gold bars were listed by SJC Company at VND 82.5 million/tael for buying and VND 84.5 million/tael for selling. An increase of VND 200,000/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 situation at DOJI brand is similar. In Hanoi and Ho Chi Minh City, DOJI gold bars are bought at 82.5 million VND/tael and sold at 84.5 million VND/tael. An increase of 200 thousand VND/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 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.
PNJ Gold is also not out of the trend, with the buying price of gold bars at 82.5 million VND/tael and the selling price at 84.5 million VND/tael, an increase of 200 thousand VND/tael for buying and selling.
| Today (December 26, 2024) | Yesterday (December 25, 2024) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 82,500▲200 | 84,500▲200 | 82,300 | 84,300 |
| DOJI Hanoi | 82,500▲200 | 84,500▲200 | 82,300 | 84,300 |
| DOJI SG | 82,500▲200 | 84,500▲200 | 82,300 | 84,300 |
| BTMC SJC | 82,500▲200 | 84,500▲200 | 82,300 | 84,300 |
| Phu Quy SJC | 82,600▲200 | 84,500▲200 | 82,400 | 84,300 |
| PNJ HCMC | 83,700▲100 | 84,500▲200 | 83,600 | 84,300 |
| PNJ Hanoi | 83,700▲100 | 84,500▲200 | 83,600 | 84,300 |
World gold price this afternoon December 26, 2024
Rising again after the holiday, world gold is heading towards the 2630 USD mark. Currently, with transactions at the threshold of 2627 USD/ounce, world gold converted according to the exchange rate on the free market (25,785 VND/USD) reaches 82.57 million VND/tael (including taxes and fees), 2 million VND lower than gold rings - an increase of 100 thousand VND compared to the same time yesterday.
The rather cautious increase in world gold prices is not strong enough to create a significant breakthrough momentum for the domestic market.
World gold prices increased despite the strong USD index. At 1:30 a.m. on December 26, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 108 points (up 0.18%).
Domestic investors are standing on the sidelines, waiting for economic fluctuations and new policies in 2025. Demand for gold as a safe haven has not increased strongly, the market is still waiting for clear signals from global macro factors.
Experts say the gold market will remain balanced, with trading mostly in moderation ahead of the new year. Tom Bruce, macro investment strategist at Tanglewood Total Wealth Management, forecasts gold prices will rise about 10% next year, staying below $3,000 an ounce. The biggest short-term challenge for gold in 2025 will be rising real yields and strong economic growth in the US.
Despite the short-term volatility caused by higher real yields, gold’s long-term uptrend remains supported by central bank buying. Central banks have not stopped buying gold as they diversify their portfolios away from the US dollar. During the Cold War, gold accounted for about 30% of central bank reserves. Today, that figure is around 10%, but could rise to 20% or 25%, creating significant demand for gold in the medium term.
