Gold price today December 10, 2024: World gold price increases sharply, domestic gold price increases timidly
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, the selling price increased by 200 thousand VND/tael.
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).
The latest gold price list today, December 10, 2024 is as follows:
| Gold price today | December 10, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 82.7 | 85.2 | - | - |
| DOJI Group | 82.7 | 85.2 | - | - |
| Mi Hong | 84.4 | 85.2 | +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 | Buy | Sell out |
| AVPL/SJC HN | 82,700 | 85,200 |
| AVPL/SJC HCM | 82,700 | 85,200 |
| AVPL/SJC DN | 82,700 | 85,200 |
| Raw material 9999 - HN | 83,400▲500K | 83,700▲500K |
| Raw materials 999 - HN | 83,300▲500K | 83,600▲500K |
| AVPL/SJC Can Tho | 82,700 | 85,200 |
| 2.PNJ- Updated: 10/12/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 83,350▲350K | 84,450▲450K |
| HCMC - SJC | 82,700 | 85,200 |
| Hanoi - PNJ | 83,350▲350K | 84,450▲450K |
| Hanoi - SJC | 82,700 | 85,200 |
| Da Nang - PNJ | 83,350▲350K | 84,450▲450K |
| Da Nang - SJC | 82,700 | 85,200 |
| Western Region - PNJ | 83,350▲350K | 84,450▲450K |
| Western Region - SJC | 82,700 | 85,200 |
| Jewelry gold price - PNJ | 83,350▲350K | 84,450▲450K |
| Jewelry gold price - SJC | 82,700 | 85,200 |
| Jewelry gold price - Southeast | PNJ | 83,350▲350K |
| Jewelry gold price - SJC | 82,700 | 85,200 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,350▲350K |
| Jewelry gold price - Jewelry gold 999.9 | 83,300▲400K | 84,100▲400K |
| Jewelry gold price - 999 jewelry gold | 83,220▲400K | 84,020▲400K |
| Jewelry gold price - 99 jewelry gold | 82,360▲400K | 83,360▲400K |
| Jewelry gold price - 916 gold (22K) | 76,640▲370K | 77,140▲370K |
| Jewelry gold price - 750 gold (18K) | 61,830▲300K | 63,230▲300K |
| Jewelry gold price - 680 gold (16.3K) | 55,940▲270K | 57,340▲270K |
| Jewelry gold price - 650 gold (15.6K) | 53,420▲260K | 54,820▲260K |
| Jewelry gold price - 610 gold (14.6K) | 50,050▲240K | 51,450▲240K |
| Jewelry gold price - 585 gold (14K) | 47,950▲230K | 49,350▲230K |
| Jewelry gold price - 416 gold (10K) | 33,740▲170K | 35,140▲170K |
| Jewelry gold price - 375 gold (9K) | 30,290▲150K | 31,690▲150K |
| Jewelry gold price - 333 gold (8K) | 26,500▲130K | 27,900▲130K |
| 3. SJC - Updated: 12/10/2024 04:30 - Website time of supply - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 82,700 | 85,200 |
| SJC 5c | 82,700 | 85,220 |
| SJC 2c, 1C, 5 phan | 82,700 | 85,230 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 82,700▲100K | 84,200▲200K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 82,700▲100K | 84,300▲200K |
| 99.99% Jewelry | 82,600▲100K | 83,800▲200K |
| 99% Jewelry | 79,970▲198K | 82,970▲198K |
| Jewelry 68% | 54,139▲136K | 57,139▲136K |
| Jewelry 41.7% | 32,098▲83K | 35,098▲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.
The People's Bank of China (PBOC) announced on Saturday that it had bought more gold in November, the first time in six months that it had not done so. 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 US administration would raise tariffs on Chinese goods. China’s foreign exchange reserves increased by $4.8 billion, reaching 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 gold purchases has positively supported gold prices in the current context, when gold prices are lacking 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, the price of gold is fluctuating between 2,600 - 2,700 USD/ounce, as there is no strong enough factor to determine a clear trend. Experts say that the price of gold is waiting for a stronger factor to determine the next direction. This catalyst may come from the US inflation reports expected to be released this week.
The two key US economic reports 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 figures 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 between $8,000 and $10,000 an ounce by 2030.
Haresh Menghani, an analyst at FXStreet, predicts that gold prices could fluctuate between $2,648 and $2,650 an ounce in the short term. He also believes that gold prices could rise to $2,700 an ounce if they break through key resistance levels.
