Gold price this afternoon December 4, 2024: Gold bar price stable, gold ring price slightly increased
Domestic gold prices this afternoon, December 4, 2024, were stable for gold bars and slightly increased for gold rings. World gold prices increased slightly due to international instability.
Domestic gold price this afternoon December 4, 2024
At 2:30 p.m. on December 4, 2024, the price of SJC gold bars at Saigon Jewelry Company Limited (SJC) was recorded at VND 83 million/tael (buy) and VND 85.5 million/tael (sell).
Compared to the previous trading session, the price has not changed. The difference between the buying and selling price is 2.5 million VND/tael.
Similarly, the gold prices of other major brands such as DOJI, Bao Tin Minh Chau and PNJ also remained unchanged at VND83 million/tael (buy) and VND85.5 million/tael (sell).
This stability shows that the market will not fluctuate strongly in the short term. The difference between buying and selling prices at these brands is also at 2.5 million VND/tael.
Meanwhile, the price of plain round gold rings at some domestic businesses recorded a slight increase, from 100,000 to 200,000 VND/tael.
Currently, the price of plain round rings fluctuates at over 83 million VND/tael (buy) and over 84 million VND/tael (sell). This is a slight adjustment, reflecting the increasing demand for gold jewelry.
In general, today's gold price is quite stable for gold bars and slightly increased for gold rings. If you are considering buying gold, please note the difference between buying and selling prices (VND 2.5 million/tael) to make the right decision.
| Today (December 4, 2024) | Yesterday (December 3, 2024) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 83,000 | 85,500 | 83,000 | 85,500 |
| DOJI HN | 83,000 | 85,500 | 83,000 | 85,500 |
| DOJI SG | 83,000 | 85,500 | 83,000 | 85,500 |
| BTMC SJC | 83,000 | 85,500 | 83,000 | 85,500 |
| Phu Quy SJC | 83,000 200 | 85,500200 | 82,800 | 85,300 |
| PNJ HCMC | 83,100 | 84,300 | 83,100 | 84,300 |
| PNJ Hanoi | 30,180 | 31,580 | 30,180 | 31,580 |
World gold price this afternoon December 4, 2024
In yesterday's US trading session, spot gold prices increased slightly by 4.9 USD to 2,643.9 USD/ounce. In this morning's Asian session, prices continued to increase by 0.9 USD to 2,644.8 USD/ounce.
For gold futures for February 2025 delivery on the Comex New York floor, the price recorded an increase of 9.4 USD, equivalent to 0.35%, to 2,667.9 USD/ounce.
Gold prices edged up slightly thanks to support from two important external factors. First, the US dollar index fell slightly, increasing the attractiveness of gold to international investors.
Second, crude oil prices rose higher, boosting positive sentiment in the commodity market.
In addition, international instability, especially the declaration of martial law in South Korea, has also caused many investors to turn to gold as a hedge against risks. Although the impact of these events is not large, they still contribute to keeping gold prices stable.
Long-term factors are expected to continue to support gold prices, according to Capital Economics. Strong demand from China, coupled with persistent concerns about the global fiscal situation, are expected to offset the downside from traditional factors such as a strong dollar and rising bond yields.
Although gold prices have fallen about 6% from their record high of $2,800 an ounce in late October, this is only a short-term correction.
Capital Economics says that even if the US dollar strengthens and bond yields rise, gold prices will not necessarily fall. History shows that there have been many times when gold and the dollar have risen together.
In addition, central bank buying and non-traditional factors such as uncertain fiscal policies will continue to support gold prices. By the end of 2025, gold prices are expected to fluctuate between $2,650 and $2,750 per ounce.
