Gold price today December 14, 2024: World gold price pulls domestic gold down sharply
Gold price today December 14: World gold price dropped sharply below the 2,670 USD/ounce mark due to waiting for the Fed meeting, causing domestic gold price to drop nearly 1 million VND/tael - the sharpest drop since November 27, 2024.
Domestic gold price today December 14, 2024
At the time of survey at 4:30 a.m. on December 14, 2024, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 83.8 million VND/tael for buying and 84.9 million VND/tael for selling. A decrease of 1 million 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 84.4-85.4 million VND/tael for buying and selling. Compared to yesterday, the price of Mi Hong SJC gold decreased by 200 thousand VND/tael for buying and selling, and the price decreased by 400 thousand VND/tael for selling.
The price of SJC gold at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 83.9-86.4 million VND/tael (buy in - sell out). At Bao Tin Manh Hai, it is also being traded at 83.9-86.4 million VND/tael (buy in - sell out). Compared to yesterday, the price of gold bars decreased by 900 thousand VND/tael for both buying and selling.

The latest gold price list today, December 14, 2024 is as follows:
Gold price today | December 14, 2024 (million dong) | Difference (thousand dong/tael) | ||
Buy | Sell | Buy | Sell | |
SJC in Hanoi | 83.8 | 86.3 | -800 | -800 |
DOJI Group | 83.9 | 86.4 | -900 | -900 |
Red Eyelashes | 84.4 | 85.4 | -200 | -400 |
PNJ | 83.9 | 86.4 | -700 | -700 |
Vietinbank Gold | 86.3 | -800 | ||
Bao Tin Minh Chau | 83.9 | 86.4 | -900 | -900 |
Bao Tin Manh Hai | 83.9 | 86.4 | -900 | -900 |
1.DOJI- Updated: 12/14/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
Type | Buy | Sell |
AVPL/SJC HN | 83,900▼900K | 86,400▼900K |
AVPL/SJC HCM | 83,900▼900K | 86,400▼900K |
AVPL/SJC DN | 83,900▼900K | 86,400▼900K |
Raw material 9999 - HN | 83,700▼1000K | 84,000▼1000K |
Raw material 999 - HN | 83,600▼1000K | 83,900▼1000K |
AVPL/SJC Can Tho | 83,900▼900K | 86,400▼900K |
2.PNJ- Updated: 12/14/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
Type | Buy | Sell |
HCMC - PNJ | 84,000▼800K | 85,200▼700K |
HCMC - SJC | 83,900▼700K | 86,400▼700K |
Hanoi - PNJ | 84,000▼800K | 85,200▼700K |
Hanoi - SJC | 83,900▼700K | 86,400▼700K |
Da Nang - PNJ | 84,000▼800K | 85,200▼700K |
Da Nang - SJC | 83,900▼700K | 86,400▼700K |
Western Region - PNJ | 84,000▼800K | 85,200▼700K |
Western Region - SJC | 83,900▼700K | 86,400▼700K |
Jewelry gold price - PNJ | 84,000▼800K | 85,200▼700K |
Jewelry gold price - SJC | 83,900▼700K | 86,400▼700K |
Jewelry gold price - Southeast | PNJ | 84,000▼800K |
Jewelry gold price - SJC | 83,900▼700K | 86,400▼700K |
Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 84,000▼800K |
Jewelry gold price - Jewelry gold 999.9 | 83,900▼800K | 84,700▼800K |
Jewelry gold price - Jewelry gold 999 | 83,820▼800K | 84,620▼800K |
Jewelry gold price - Jewelry gold 99 | 82,950▼800K | 83,950▼800K |
Jewelry gold price - 916 gold (22K) | 77,190▼730K | 77,690▼730K |
Jewelry gold price - 750 gold (18K) | 62,280▼600K | 63,680▼600K |
Jewelry gold price - 680 gold (16.3K) | 56,350▼540K | 57,750▼540K |
Jewelry gold price - 650 gold (15.6K) | 53,810▼520K | 55,210▼520K |
Jewelry gold price - 610 gold (14.6K) | 50,420▼490K | 51,820▼490K |
Jewelry gold price - 585 gold (14K) | 48,300▼470K | 49,700▼470K |
Jewelry gold price - 416 gold (10K) | 33,990▼330K | 35,390▼330K |
Jewelry gold price - 375 gold (9K) | 30,510▼300K | 31,910▼300K |
Jewelry gold price - 333 gold (8K) | 26,700▼270K | 28,100▼270K |
3. SJC - Updated: 12/14/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
Type | Buy | Sell |
SJC 1L, 10L, 1KG | 83,800▼800K | 86,300▼800K |
SJC 5c | 83,800▼800K | 86,320▼800K |
SJC 2c, 1c, 5c | 83,800▼800K | 86,330▼800K |
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 83,800▼700K | 85,200▼700K |
SJC 99.99 gold ring 0.3 chi, 0.5 chi | 83,800▼700K | 85,300▼700K |
Jewelry 99.99% | 83,700▼700K | 84,800▼800K |
Jewelry 99% | 80,960▼693K | 83,960▼693K |
Jewelry 68% | 54,819▼476K | 57,819▼476K |
Jewelry 41.7% | 32,515▼292K | 35,515▼292K |
World gold price today December 14, 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 2,661.93 USD/Ounce. Today's gold price decreased by 35.9 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,650 VND/USD), the world gold price is about 83.22 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.08 million VND/tael higher than the international gold price.
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The world gold price has dropped sharply, moving away from the $2,700/ounce mark. This has affected the domestic market, causing the price of SJC gold bars to drop by nearly VND1 million/tael. Gold rings are no exception to this trend, with a drop of nearly VND1 million/tael – the sharpest drop since November 27, 2024.
Currently, the gap between the buying and selling price of gold is around VND2.5 million/tael. According to experts, this gap is still very high.
Since the beginning of the year, the price of plain gold rings has increased sharply, reaching a peak of about VND89 million/tael. Although the current price has decreased by VND4-5 million/tael compared to the peak, compared to the beginning of the year, the price of gold rings is still about 35% higher. Meanwhile, gold bars have also increased in price, with an increase of more than 16% since the beginning of the year.
Gold prices fell slightly ahead of the US Federal Reserve meeting, as many investors wanted to sell to secure profits. At this meeting, the Fed is expected to cut interest rates for the third time this year.
Investors are focused on the Fed's December 17-18 meeting, with a 97% chance of a 25 basis point rate cut. Fed Chairman Jerome Powell's remarks will be closely watched for clues on policy plans through 2025, when U.S. inflation is still above the 2% target.
Investors are not just focused on whether the Fed will cut interest rates at its upcoming meeting. Instead, they are more interested in what the Fed will signal about future meetings, especially the meeting in January next year, and the long-term trend of interest rate policy. These decisions will greatly affect whether gold prices can continue to rise steadily.
The US Department of Labor reported that the producer price index (PPI) rose 0.4% in November, beating expectations of a 0.2% increase. The consumer price index (CPI), another key gauge of inflation, came in as expected. The data showed that US inflation remains stubborn and has not yet dropped significantly.
Gold Price Forecast
The CEO of Allegiance Gold said the Fed is having a tough time because inflation is still above its target. If the Fed cuts rates more slowly or less than expected in 2025, gold prices could come under pressure.
Gold funds are currently holding large speculative positions, and some funds may sell gold to reduce risk ahead of the Fed meeting, which could also cause gold prices to fall in the short term, said a commodity strategist at TD Securities.
Ole Hansen, commodity strategist at Saxo Bank, said that the end of the year often makes investors cautious, leading to short-term buying and selling when prices change, whether up or down. He predicted that gold prices could remain stable until the end of the year, before continuing their upward trend in 2025, potentially reaching $3,000 an ounce.
Gold prices at $3,000 an ounce or higher depend on whether the Fed can control inflation, said Nicky Shiels, precious metals strategist at MKS PAMP SA. If the Fed is slow to respond to inflation, real (inflation-adjusted) interest rates could fall and the dollar could weaken, helping gold prices continue to rise in the second half of 2025.