Gold price today December 1, 2024: World gold price decreases, domestic gold price is stable
Gold price today December 1: At the end of the week, the world gold price slightly decreased to 2,650 USD/Ounce. However, the domestic gold price remained stable for the first time this week.
Domestic gold price today December 1, 2024
At the time of survey at 4:30 a.m. on December 1, 2024, the gold price on the trading floors of some companies was as follows:
The price of 9999 gold today is listed by DOJI at 83.8 million VND/tael for buying and 84.8 million VND/tael for selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 84.6-85.6 million VND/tael for buying and selling.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 83.3-85.8 million VND/tael (buy - sell).
At Bao Tin Manh Hai, it is also being traded at 83.1-85.6 million VND/tael (buy - sell).
The latest gold price list today, December 1, 2024 is as follows:
| Gold price today | December 1, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 83.3 | 85.8 | - | - |
| DOJI Group | 83.3 | 85.8 | - | - |
| Mi Hong | 84.6 | 85.6 | - | - |
| PNJ | 83.3 | 85.8 | - | - |
| Vietinbank Gold | 85.8 | - | ||
| Bao Tin Minh Chau | 83.3 | 85.8 | - | - |
| Bao Tin Manh Hai | 83.1 | 85.6 | - | - |
| 1.DOJI- Updated: 12/1/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 83,300 | 85,800 |
| AVPL/SJC HCM | 83,300 | 85,800 |
| AVPL/SJC DN | 83,300 | 85,800 |
| Raw material 9999 - HN | 83,400▼300K | 83,700▼300K |
| Raw materials 999 - HN | 83,300▼300K | 83,600▼300K |
| AVPL/SJC Can Tho | 83,300 | 85,800 |
| 2.PNJ- Updated: 12/1/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 83,500▼100K | 84,600▼100K |
| HCMC - SJC | 83,300 | 85,800 |
| Hanoi - PNJ | 83,500▼100K | 84,600▼100K |
| Hanoi - SJC | 83,300 | 85,800 |
| Da Nang - PNJ | 83,500▼100K | 84,600▼100K |
| Da Nang - SJC | 83,300 | 85,800 |
| Western Region - PNJ | 83,500▼100K | 84,600▼100K |
| Western Region - SJC | 83,300 | 85,800 |
| Jewelry gold price - PNJ | 83,500▼100K | 84,600▼100K |
| Jewelry gold price - SJC | 83,300 | 85,800 |
| Jewelry gold price - Southeast | PNJ | 83,500▼100K |
| Jewelry gold price - SJC | 83,300 | 85,800 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,500▼100K |
| Jewelry gold price - Jewelry gold 999.9 | 83,400▼100K | 84,200▼100K |
| Jewelry gold price - 999 jewelry gold | 83,320▼100K | 84,120▼100K |
| Jewelry gold price - 99 jewelry gold | 82,460▼100K | 83,460▼100K |
| Jewelry gold price - 916 gold (22K) | 76,730▼90K | 77,230▼90K |
| Jewelry gold price - 750 gold (18K) | 61,900▼80K | 63,300▼80K |
| Jewelry gold price - 680 gold (16.3K) | 56,010▼60K | 57,410▼60K |
| Jewelry gold price - 650 gold (15.6K) | 53,480▼70K | 54,880▼70K |
| Jewelry gold price - 610 gold (14.6K) | 50,110▼60K | 51,510▼60K |
| Jewelry gold price - 585 gold (14K) | 48,010▼60K | 49,410▼60K |
| Jewelry gold price - 416 gold (10K) | 33,780▼40K | 35,180▼40K |
| Jewelry gold price - 375 gold (9K) | 30,330▼30K | 31,730▼30K |
| Jewelry gold price - 333 gold (8K) | 26,540▼30K | 27,940▼30K |
| 3. SJC - Updated: 12/1/2024 04:30 - Website time of supply - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 83,300 | 85,800 |
| SJC 5c | 83,300 | 85,820 |
| SJC 2c, 1C, 5 phan | 83,300 | 85,830 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 82,800 | 84,700 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 82,800 | 84,800 |
| 99.99% Jewelry | 82,700 | 84,300 |
| 99% Jewelry | 80,465 | 83,465 |
| Jewelry 68% | 54,479 | 57,479 |
| Jewelry 41.7% | 32,306 | 35,306 |
World gold price today December 1, 2024 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was 2,650.06 USD/Ounce. Today's gold price decreased by 5.4 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,730 VND/USD), the world gold price is about 83.12 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.68 million VND/tael higher than the international gold price.
This week, world gold prices recorded the sharpest monthly drop since September 2023, due to a wave of sell-offs after Donald Trump won the US presidential election.
A stronger US dollar in November, fueled by expectations of massive fiscal stimulus and tighter border controls from the Trump administration, has dented gold’s appeal. However, global uncertainty, tensions in the Middle East and Ukraine, and low interest rates have kept gold safe.
Experts say that if high tariffs negatively impact economic growth, gold could benefit in the long term. Prolonged instability in the world continues to boost demand for gold as a way to protect assets.
US financial markets are getting more active as the short Thanksgiving week begins. Investors are shifting from safe-haven assets like gold to riskier options like stocks, thanks to positive signs from the US economy.
President-elect Donald Trump's appointment of Scott Bessent as Treasury Secretary has created confidence in financial stability in the US, causing gold to lose its "safe haven" role.
Globally, a ceasefire between Israel and Hezbollah has helped ease tensions in the Middle East, causing demand for gold as a hedge against instability to plummet.
The Republican Party's victory in the election strengthened stability in the US market, making investors more confident in risky assets such as stocks, while reducing demand for gold.
The US Federal Reserve (Fed) is likely to keep interest rates unchanged for the foreseeable future. This reduces the appeal of gold, as holding it does not yield a return compared to other assets.
Today, the domestic gold bar price did not fluctuate much, this is the first time this week that the gold price has remained stable. Since the beginning of the week, the domestic gold bar price has continuously increased or decreased, closely following the movements of the world gold price. However, the price gap between domestic and world gold prices remains at a reasonable level, fluctuating from 2 million to less than 3 million VND.
Gold price forecast
According to experts, the world gold price in the short term (from now until the end of the year) may fluctuate slightly. The main reasons are due to factors such as the interest rate policy of the US Federal Reserve (Fed) and the traditional demand for gold in India and China during the New Year.
In Vietnam, gold prices are also affected by increased demand during the wedding season, when gold is often used as gifts and jewelry.
From now until the second quarter of 2025, gold prices are expected to continue in an upward cycle, but the potential for strong increases is not much compared to other assets.
