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Gold price today December 10, 2024: World gold price increases sharply, domestic gold price increases timidly

Quoc Duong DNUM_BAZBCZCACE 04:30

Gold price today December 10: World gold price increased sharply by nearly 50 USD because PBOC bought gold again. Domestic gold only increased 'shyly' by 100 - 200 thousand VND/tael

Domestic gold price today December 10, 2024

At the time of survey at 4:30 a.m. on December 10, 2024, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 83.5 million VND/tael for buying and 84.5 million VND/tael for selling. An increase of 500 thousand VND/tael for both buying and selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 84.4-85.2 million VND/tael for buying and selling. Compared to yesterday, the price of Mi Hong SJC gold increased by 400 thousand VND/tael for buying and selling, and the price increased by 200 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 82.7-85.2 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is also being traded at 82.7-85.2 million VND/tael (buy in - sell out).

Giá vàng hôm nay 10/12/2024: Giá vàng thế giới tăng mạnh, vàng trong nước tăng rụt rè

The latest gold price list today, December 10, 2024 is as follows:

Gold price today
December 10, 2024
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
82.7
85.2
--
DOJI Group
82.7
85.2
-
-
Red Eyelashes
84.485.2
+400+200
PNJ
82.7
85.2
-
-
Vietinbank Gold
85.2

-
Bao Tin Minh Chau
82.7
85.2
--
Bao Tin Manh Hai
82.7
85.2
--
1.DOJI- Updated: 10/12/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN82,70085,200
AVPL/SJC HCM82,70085,200
AVPL/SJC DN82,70085,200
Raw material 9999 - HN83,400▲500K83,700▲500K
Raw material 999 - HN83,300▲500K83,600▲500K
AVPL/SJC Can Tho82,70085,200
2.PNJ- Updated: 10/12/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ83,350▲350K84,450▲450K
HCMC - SJC82,70085,200
Hanoi - PNJ83,350▲350K84,450▲450K
Hanoi - SJC82,70085,200
Da Nang - PNJ83,350▲350K84,450▲450K
Da Nang - SJC82,70085,200
Western Region - PNJ83,350▲350K84,450▲450K
Western Region - SJC82,70085,200
Jewelry gold price - PNJ83,350▲350K84,450▲450K
Jewelry gold price - SJC82,70085,200
Jewelry gold price - SoutheastPNJ83,350▲350K
Jewelry gold price - SJC82,70085,200
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring83,350▲350K
Jewelry gold price - Jewelry gold 999.983,300▲400K84,100▲400K
Jewelry gold price - Jewelry gold 99983,220▲400K84,020▲400K
Jewelry gold price - Jewelry gold 9982,360▲400K83,360▲400K
Jewelry gold price - 916 gold (22K)76,640▲370K77,140▲370K
Jewelry gold price - 750 gold (18K)61,830▲300K63,230▲300K
Jewelry gold price - 680 gold (16.3K)55,940▲270K57,340▲270K
Jewelry gold price - 650 gold (15.6K)53,420▲260K54,820▲260K
Jewelry gold price - 610 gold (14.6K)50,050▲240K51,450▲240K
Jewelry gold price - 585 gold (14K)47,950▲230K49,350▲230K
Jewelry gold price - 416 gold (10K)33,740▲170K35,140▲170K
Jewelry gold price - 375 gold (9K)30,290▲150K31,690▲150K
Jewelry gold price - 333 gold (8K)26,500▲130K27,900▲130K
3. SJC - Updated: 10/12/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG82,70085,200
SJC 5c82,70085,220
SJC 2c, 1c, 5c82,70085,230
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi82,700▲100K84,200▲200K
SJC 99.99 gold ring 0.3 chi, 0.5 chi82,700▲100K84,300▲200K
Jewelry 99.99%82,600▲100K83,800▲200K
Jewelry 99%79,970▲198K82,970▲198K
Jewelry 68%54,139▲136K57,139▲136K
Jewelry 41.7%32,098▲83K35,098▲83K

World gold price today December 10, 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 2,676.08 USD/Ounce. Today's gold price increased by 43.27 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,700 VND/USD), the world gold price is about 83.83 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.37 million VND/tael higher than the international gold price.

giá vàng

The People's Bank of China (PBOC) announced on Saturday that it had bought more gold in November, the first time it had done so for six months. China increased its gold reserves by 160,000 ounces, bringing its total to 72.96 million ounces.

Meanwhile, China’s foreign exchange reserves unexpectedly rose in November, despite the yuan weakening against the dollar, largely due to concerns that the U.S. administration would raise tariffs on Chinese goods. China’s foreign exchange reserves rose by $4.8 billion to a total of $3.266 trillion at the end of November.

Previously, China's suspension of gold purchases during the summer caused a sharp drop in gold prices, as this was an important factor affecting gold prices. However, the news that China has resumed buying gold has positively supported gold prices in the current context, when gold prices lack a clear trend due to the influence of many opposing factors.

Demand from central banks, especially emerging economies like China, to increase their gold reserves is driving the gold price rally this year. These countries aim to diversify their reserves away from the US dollar.

Currently, gold prices are fluctuating between $2,600 and $2,700 per ounce, with no strong enough factors to determine a clear trend. Experts say that gold prices are waiting for a stronger factor to determine the next direction. This catalyst could come from the US inflation reports expected to be released this week.

The two key economic reports from the US this week for the gold market are the November consumer price index (CPI) and producer price index (PPI), due on Wednesday and Thursday. If these numbers are higher than expected, gold prices could struggle, as high inflation would hinder the US Federal Reserve from cutting interest rates. Conversely, if inflation is low, gold could benefit from expectations of lower interest rates.

Gold Price Forecast

The Long Forecast predicts that gold prices could reach $2,733 per ounce by the end of December 2024. The long-term forecast suggests that gold prices could continue to rise in the coming years, with an expected average price of $3,536 per ounce by October 2026.

Jim Curry, technical analyst at Gold Eagle, predicts that gold prices could rise to $2,450 an ounce by December 2024. He also believes that gold prices could reach $8,000 to $10,000 an ounce by 2030.

Haresh Menghani, an analyst at FXStreet, predicts that gold prices could fluctuate between $2,648 and $2,650 per ounce in the short term. He also believes that gold prices could rise to $2,700 per ounce if they break through key resistance levels.

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Gold price today December 10, 2024: World gold price increases sharply, domestic gold price increases timidly
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