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Gold price today November 24: World gold price exceeds 2,700 USD mark, causing gold ring price to increase continuously

Quoc Duong DNUM_CEZBBZCACE 05:00

Gold price today November 24, 2024: World gold price increased for 6 consecutive sessions and closed the week above the 2,700 USD mark, causing the price of gold rings to increase by 100 - 400 thousand VND/tael.

Domestic gold price today November 24, 2024

At the time of survey at 4:30 a.m. on November 24, 2024, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 85.6 million VND/tael for buying and 86.6 million VND/tael for selling. The price of 9999 gold rings increased by 200 thousand VND/tael for buying and 100 thousand VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 85.7-87 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold bars decreased by 300 thousand VND/tael for buying.

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 85.3-87 million VND/tael (buy - sell).

At Bao Tin Manh Hai, it is being traded at 85.3-87 million VND/tael (buy - sell). Compared to yesterday, the gold price increased by 300 thousand VND/tael in the buying direction.

Giá vàng thế giới vượt mốc 2,700 USD, kéo giá vàng nhẫn tăng mạnh liên tiếp

The latest gold price list today, November 24, 2024 is as follows:

Gold price today
November 24, 2024
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
85
87
--
DOJI Group
85
87
-
-
Red Eyelashes
85.387
-300-
PNJ
85
87
--
Vietinbank Gold
87

-
Bao Tin Minh Chau
85.3
87
--
Bao Tin Manh Hai
85.3
87
+300-
1.DOJI- Updated: 11/24/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN85,00087,000
AVPL/SJC HCM85,00087,000
AVPL/SJC DN85,00087,000
Raw material 9999 - HN85,500▲200K85,800▲100K
Raw material 999 - HN85,400▲200K85,700▲100K
AVPL/SJC Can Tho85,00087,000
2.PNJ- Updated: 11/24/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ85,500▲300K86,800▲600K
HCMC - SJC85,00087,000
Hanoi - PNJ85,500▲300K86,800▲600K
Hanoi - SJC85,00087,000
Da Nang - PNJ85,500▲300K86,800▲600K
Da Nang - SJC85,00087,000
Western Region - PNJ85,500▲300K86,800▲600K
Western Region - SJC85,00087,000
Jewelry gold price - PNJ85,500▲300K86,800▲600K
Jewelry gold price - SJC85,00087,000
Jewelry gold price - SoutheastPNJ85,500▲300K
Jewelry gold price - SJC85,00087,000
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring85,500▲300K
Jewelry gold price - Jewelry gold 999.985,400▲300K86,200▲300K
Jewelry gold price - Jewelry gold 99985,310▲300K86,110▲300K
Jewelry gold price - Jewelry gold 9984,440▲300K85,440▲300K
Jewelry gold price - 916 gold (22K)78,560▲280K79,060▲280K
Jewelry gold price - 750 gold (18K)63,400▲220K64,800▲220K
Jewelry gold price - 680 gold (16.3K)57,370▲210K58,770▲210K
Jewelry gold price - 650 gold (15.6K)54,780▲190K56,180▲190K
Jewelry gold price - 610 gold (14.6K)51,330▲180K52,730▲180K
Jewelry gold price - 585 gold (14K)49,180▲180K50,580▲180K
Jewelry gold price - 416 gold (10K)34,610▲130K36,010▲130K
Jewelry gold price - 375 gold (9K)31,080▲120K32,480▲120K
Jewelry gold price - 333 gold (8K)27,200▲100K28,600▲100K
3. SJC - Updated: 11/24/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG85,00087,000
SJC 5c85,00087,020
SJC 2c, 1c, 5c85,00087,030
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi85,000▲400K86,500▲400K
SJC 99.99 gold ring 0.3 chi, 0.5 chi85,000▲400K86,600▲400K
Jewelry 99.99%84,900▲400K86,100▲400K
Jewelry 99%82,247▲396K85,247▲396K
Jewelry 68%55,703▲272K55,703▲272K
Jewelry 41.7%33,057▲167K36,057▲167K

World gold price today 11/24/2024 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 2,711.91 USD/Ounce. Today's gold price increased by 16.12 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 85.12 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.87 million VND/tael higher than the international gold price.

The price of 9999 gold rings is currently around VND 86.8 million per tael, maintaining its highest level since November 8, 2024. The difference between the buying and selling prices of gold fluctuates from VND 950,000 to VND 1.8 million. This shows that the gold market is experiencing opposite fluctuations, meaning there are strong fluctuations between buying and selling prices.

Analysts say that domestic gold prices are increasing following the trend of world gold prices. Demand for gold is also increasing, especially from investors who expect gold prices to continue to increase.

However, compared to the peak price of SJC gold bars and gold rings at the end of October, the current gold price is still about 3 to 3.5 million VND per tael lower.

Gold is often seen as a “safe haven” during times of political and economic uncertainty or low interest rates. Despite the Dollar Index hitting a two-year high and Bitcoin hitting a new record, the price of gold continues to rise.

According to Kitco, tensions between Russia and Ukraine are escalating, raising the risk of conflict spreading, thereby pushing up gold prices. Analysts such as Edward Meir of Marex said that gold is being strongly supported by geopolitical concerns. Gold is still considered a safe asset in this context.

In the US, markets are also paying attention to Donald Trump’s cabinet appointments, especially his proposals for deporting immigrants and cutting taxes. These changes could increase inflation and reduce the ability of the US Federal Reserve (Fed) to cut interest rates.

According to predictions from the CME Fedwatch tool, the market is currently expecting a 59.4% chance that the Fed will cut interest rates by 0.25 percentage points at its meeting next December.

Gold Price Forecast

Gold prices are attracting the attention of many investors, especially in the context of global instability. According to Mr. Daniel Ghali, commodity strategist at TD Securities, when political tensions or economic risks occur, many people often choose to buy gold to protect their assets, because gold is considered a safe investment channel.

Matthew Jones, precious metals expert at Solomon Global, predicts that gold prices could reach $2,800 an ounce before Christmas this year, mainly due to increased investor demand amid the current uncertainty.

In addition, expert Ebkarian also commented that the price of gold could reach $2,750/ounce by the middle of next month. This is explained by fluctuations in economic policies and the risk of rising inflation, partly due to plans to impose import tariffs proposed by US President-elect Donald Trump.

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Gold price today November 24: World gold price exceeds 2,700 USD mark, causing gold ring price to increase continuously
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