Gold price today December 17, 2024: World gold price increased slightly, SJC gold bars decreased sharply
Gold price today December 17: World gold price has increased slightly, preparing to receive the results of the Fed meeting, but the price of SJC gold bars suddenly dropped sharply by 1.2 million VND/tael.
Domestic gold price today December 17, 2024
At the time of survey at 4:30 a.m. on December 17, 2024, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 83.6 million VND/tael for buying and 84.6 million VND/tael for selling. The price of 9999 gold rings increased by 100 thousand VND/tael for both buying and remaining unchanged for selling compared to yesterday.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 84.1-85.1 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold bars increased by 100 thousand VND/tael for both buying and selling.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 82.6-85.1 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is also being traded at 82.6-85.1 million VND/tael (buy in - sell out). Compared to yesterday, the gold price has decreased sharply by 1.2 million VND/tael in both buying and selling directions.
The latest gold price list today, December 17, 2024 is as follows:
| Gold price today | December 17, 2024 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 82.6 | 85.1 | -1,200 | -1,200 |
| DOJI Group | 82.6 | 85.1 | -1,200 | -1,200 |
| Red Eyelashes | 84.1 | 85.1 | +100 | +100 |
| PNJ | 82.6 | 85.1 | -1,200 | -1,200 |
| Vietinbank Gold | 85.1 | -1,200 | ||
| Bao Tin Minh Chau | 82.6 | 85.1 | -1,200 | -1,200 |
| Bao Tin Manh Hai | 82.6 | 85.1 | -1,200 | -1,200 |
| 1.DOJI- Updated: 17/12/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 82,600▼1200K | 85,100▼1200K |
| AVPL/SJC HCM | 82,600▼1200K | 85,100▼1200K |
| AVPL/SJC DN | 82,600▼1200K | 85,100▼1200K |
| Raw material 9999 - HN | 83,500▲100K | 83,700 |
| Raw material 999 - HN | 83,400▲100K | 83,600 |
| AVPL/SJC Can Tho | 82,600▼1200K | 85,100▼1200K |
| 2.PNJ- Updated: 17/12/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 83,400▼100K | 84,400▼300K |
| HCMC - SJC | 82,600▼1200K | 85,100▼1200K |
| Hanoi - PNJ | 83,400▼100K | 84,400▼300K |
| Hanoi - SJC | 82,600▼1200K | 85,100▼1200K |
| Da Nang - PNJ | 83,400▼100K | 84,400▼300K |
| Da Nang - SJC | 82,600▼1200K | 85,100▼1200K |
| Western Region - PNJ | 83,400▼100K | 84,400▼300K |
| Western Region - SJC | 82,600▼1200K | 85,100▼1200K |
| Jewelry gold price - PNJ | 83,400▼100K | 84,400▼300K |
| Jewelry gold price - SJC | 82,600▼1200K | 85,100▼1200K |
| Jewelry gold price - Southeast | PNJ | 83,400▼100K |
| Jewelry gold price - SJC | 82,600▼1200K | 85,100▼1200K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,400▼100K |
| Jewelry gold price - Jewelry gold 999.9 | 83,300▼100K | 84,100▼100K |
| Jewelry gold price - Jewelry gold 999 | 83,220▼100K | 84,020▼100K |
| Jewelry gold price - Jewelry gold 99 | 82,360▼100K | 83,360▼100K |
| Jewelry gold price - 916 gold (22K) | 76,640▼90K | 77,140▼90K |
| Jewelry gold price - 750 gold (18K) | 61,830▼70K | 63,230▼70K |
| Jewelry gold price - 680 gold (16.3K) | 55,940▼70K | 57,340▼70K |
| Jewelry gold price - 650 gold (15.6K) | 53,420▼60K | 54,820▼60K |
| Jewelry gold price - 610 gold (14.6K) | 50,050▼60K | 51,450▼60K |
| Jewelry gold price - 585 gold (14K) | 47,950▼60K | 49,350▼60K |
| Jewelry gold price - 416 gold (10K) | 33,740▼40K | 35,140▼40K |
| Jewelry gold price - 375 gold (9K) | 30,290▼40K | 31,690▼40K |
| Jewelry gold price - 333 gold (8K) | 26,500▼40K | 27,900▼40K |
| 3. SJC - Updated: 12/17/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 82,600▼1,200K | 85,100▼1,200K |
| SJC 5c | 82,600▼1,200K | 85,120▼1,200K |
| SJC 2c, 1c, 5c | 82,600▼1,200K | 85,130▼1,200K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 82,600▼700K | 84,300▼400K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 82,600▼700K | 84,400▼400K |
| Jewelry 99.99% | 82,500▼700K | 83,900▼400K |
| Jewelry 99% | 80,069▼396K | 83,069▼396K |
| Jewelry 68% | 54,207▼272K | 57,207▼272K |
| Jewelry 41.7% | 32,139▼166K | 35,139▼166K |
World gold price today December 17, 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 2,658.67 USD/Ounce. Today's gold price increased by 8.9 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,750 VND/USD), the world gold price is about 83.45 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.65 million VND/tael higher than the international gold price.
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After recent declines, world gold prices have slightly recovered. However, investors remain cautious and focus on the USD as they prepare to receive the results of the important meeting of the US Federal Reserve (Fed) taking place this week.
The Fed is expected to cut interest rates by another 0.25% (25 basis points) on Wednesday, bringing the total rate cuts in 2024 to about 1% (100 basis points).
However, the market is closely watching signals from the Fed about future interest rate cuts, especially in the context of high inflation in the US in November and the job market remaining quite strong.
The dollar has strengthened on expectations that the Fed will keep interest rates high, which has put pressure on gold prices in recent weeks. However, the current slight recovery shows that investors still expect gold to play a "safe haven" role in the face of economic and geopolitical uncertainties.
Bitcoin continues to attract attention as it hits a record high above $106,000, fueled by expectations that Donald Trump’s return will bring a more favorable regulatory environment for cryptocurrencies.
Gold Price Forecast
Despite the volatility in the short term, experts at ANZ Bank remain optimistic, predicting that spot gold could reach $2,900 an ounce by 2025. Although the pace of price increases is expected to slow next year, economic risks and geopolitical events are expected to maintain demand for gold as a safe-haven asset.
Naeem Aslam, Investment Director at Zaye Capital Markets, predicts that gold prices may weaken this week. The main reason is that the Fed is likely to reduce expectations of interest rate cuts, as inflation in the US has not cooled down as expected.
FXTM’s Lukman Otunuga is neutral on gold in the short term. He believes that the gold market will depend heavily on the message that Fed officials deliver at their upcoming meeting. If the Fed continues to be hawkish (continues to maintain a tightening policy), expectations for rate cuts will narrow, limiting the upside momentum of gold. Conversely, if the Fed hints at easing policy in 2024, gold could surge to $2,700/ounce or higher.
Carley Garner, co-founder of DeCarley Trading, is also neutral on gold prices through 2024. However, she sees signs of weakness in the gold market, especially as gold fails to hold the $2,700/ounce mark. She said that at this point, she would consider selling when gold prices recover.
