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Gold price today December 11, 2024: World gold price is about to increase to reach 2,700 USD

Quoc Duong DNUM_BBZBCZCACE 04:06

Gold price today December 11: World gold price also increased sharply, about to reach the 2,700 USD mark due to PBOC buying gold again and political fluctuations around the world.

Domestic gold price today 12/11/2024

At the time of survey at 4:30 a.m. on December 11, 2024, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 83.9 million VND/tael for buying and 84.9 million VND/tael for selling. An increase of 400 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 84.6-85.6 million VND/tael for buying and selling. Compared to yesterday, the price of Mi Hong SJC gold increased by 200 thousand VND/tael for buying and selling, and the price increased by 400 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 83.6-85.6 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). Compared to yesterday, the buying price of gold bars increased by 900 thousand VND/tael, the selling price increased by 400 thousand VND/tael.

Giá vàng hôm nay 11/12/2024: Giá vàng thế giới sắp tăng chạm mốc 2,700 USD

The latest gold price list today, December 11, 2024 is as follows:

Gold price today
December 11, 2024
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
83.6
85.6
+900+400
DOJI Group
83.6
85.6
+900
+400
Red Eyelashes
84.485.6
+200+400
PNJ
83.6
85.6
+900
+400
Vietinbank Gold
85.6

+400
Bao Tin Minh Chau
83.6
85.6
+900+400
Bao Tin Manh Hai
83.6
85.6
+900+400
1.DOJI- Updated: 11/12/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN83,100▲400K85,600▲400K
AVPL/SJC HCM83,100▲400K85,600▲400K
AVPL/SJC DN83,100▲400K85,600▲400K
Raw material 9999 - HN83,800▲400K84,100▲400K
Raw material 999 - HN83,700▲400K84,000▲400K
AVPL/SJC Can Tho83,100▲400K85,600▲400K
2.PNJ- Updated: 11/12/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ83,800▲450K84,900▲450K
HCMC - SJC83,600▲900K85,600▲400K
Hanoi - PNJ83,800▲450K84,900▲450K
Hanoi - SJC83,600▲900K85,600▲400K
Da Nang - PNJ83,800▲450K84,900▲450K
Da Nang - SJC83,600▲900K85,600▲400K
Western Region - PNJ83,800▲450K84,900▲450K
Western Region - SJC83,600▲900K85,600▲400K
Jewelry gold price - PNJ83,800▲450K84,900▲450K
Jewelry gold price - SJC83,600▲900K85,600▲400K
Jewelry gold price - SoutheastPNJ83,800▲450K
Jewelry gold price - SJC83,600▲900K85,600▲400K
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring83,800▲450K
Jewelry gold price - Jewelry gold 999.983,700▲400K84,500▲400K
Jewelry gold price - Jewelry gold 99983,620▲400K84,420▲400K
Jewelry gold price - Jewelry gold 9982,760▲400K83,760▲400K
Jewelry gold price - 916 gold (22K)77,000▲360K77,500▲360K
Jewelry gold price - 750 gold (18K)62,130▲300K63,530▲300K
Jewelry gold price - 680 gold (16.3K)56,210▲270K57,610▲270K
Jewelry gold price - 650 gold (15.6K)53,680▲260K55,080▲260K
Jewelry gold price - 610 gold (14.6K)50,300▲250K51,700▲250K
Jewelry gold price - 585 gold (14K)48,180▲230K49,580▲230K
Jewelry gold price - 416 gold (10K)33,900▲160K35,300▲160K
Jewelry gold price - 375 gold (9K)30,440▲150K31,840▲150K
Jewelry gold price - 333 gold (8K)26,640▲140K28,040▲140K
3. SJC - Updated: 11/12/2024 04:30 - Time of the source website - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG83,600▲900K85,600▲400K
SJC 5c83,600▲900K85,620▲400K
SJC 2c, 1c, 5c83,600▲900K85,630▲400K
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi83,500▲800K84,800▲600K
SJC 99.99 gold ring 0.3 chi, 0.5 chi83,500▲800K84,900▲600K
Jewelry 99.99%83,400▲800K84,400▲600K
Jewelry 99%80,564▲594K83,564▲594K
Jewelry 68%54,547▲408K57,547▲408K
Jewelry 41.7%32,348▲250K35,348▲250K

World gold price today December 11, 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 2,685.06 USD/Ounce. Today's gold price increased by 15.68 USD/Ounce compared to yesterday. Converted to the USD exchange rate, on the free market (25,660 VND/USD), the world gold price is about 83.98 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.62 million VND/tael higher than the international gold price.

The precious metal market continued to be supported after China announced that it would implement more active fiscal policy measures and moderately loose monetary policy to boost economic growth. In particular, the People's Bank of China (PBOC) resumed buying gold reserves in November, after a 5-month pause in net purchases, which was also an important factor pushing gold prices up in the first session of the week.

The fall of President Bashar al-Assad’s regime in Syria has heightened concerns about instability in the Middle East. US and Israeli airstrikes have targeted dozens of military targets in Syria, preventing the new regime from accessing weapons and ammunition. These developments have boosted demand for gold, traditionally seen as a safe haven in times of uncertainty.

In South Korea, the political crisis has caused the stock market to fall and the won to depreciate, further increasing demand for gold as a safe-haven asset amid financial and political uncertainty.

Other economic factors are also supporting gold prices. The US dollar weakened slightly, the yield on the 10-year US Treasury note fell to 4.15%, while crude oil prices rose to $68.25 a barrel. These factors create favorable conditions for gold prices to maintain their upward momentum.

Gold Price Forecast

Bloomberg's Mike McGlone predicts that gold prices could hit $3,000 an ounce by 2024 and could rise to $7,000 an ounce by 2025. He believes that when the stock market stops rising, quantitative easing (QE) will return, and gold will become the preferred choice.

Shane Williams, President and CEO of West Red Lake Gold Mines, predicts that gold prices could reach nearly $3,000 an ounce in the near future. He believes that as soon as the Fed begins to pivot its interest rate policy, gold prices will start to rise.

MarketWatch predicts that gold prices may fluctuate between $2,640 and $2,680 per ounce in the short term. Factors such as economic data and the Fed's monetary policy will affect gold prices.

According to Reuters, gold prices could rise to $2,700 an ounce by mid-2025 due to factors such as Fed rate cuts and central bank gold purchases. Gold prices are forecast to fluctuate between $2,600 and $2,700 an ounce in the short term.

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Gold price today December 11, 2024: World gold price is about to increase to reach 2,700 USD
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