Gold price today November 24: World gold price surpasses 2,700 USD mark, causing gold ring price to increase continuously
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 ring gold price 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.
The latest gold price list today, November 24, 2024 is as follows:
| Gold price today | November 24, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 85 | 87 | - | - |
| DOJI Group | 85 | 87 | - | - |
| Mi Hong | 85.3 | 87 | -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 | Buy | Sell out |
| AVPL/SJC HN | 85,000 | 87,000 |
| AVPL/SJC HCM | 85,000 | 87,000 |
| AVPL/SJC DN | 85,000 | 87,000 |
| Raw material 9999 - HN | 85,500▲200K | 85,800▲100K |
| Raw materials 999 - HN | 85,400▲200K | 85,700▲100K |
| AVPL/SJC Can Tho | 85,000 | 87,000 |
| 2.PNJ- Updated: 11/24/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 85,500▲300K | 86,800▲600K |
| HCMC - SJC | 85,000 | 87,000 |
| Hanoi - PNJ | 85,500▲300K | 86,800▲600K |
| Hanoi - SJC | 85,000 | 87,000 |
| Da Nang - PNJ | 85,500▲300K | 86,800▲600K |
| Da Nang - SJC | 85,000 | 87,000 |
| Western Region - PNJ | 85,500▲300K | 86,800▲600K |
| Western Region - SJC | 85,000 | 87,000 |
| Jewelry gold price - PNJ | 85,500▲300K | 86,800▲600K |
| Jewelry gold price - SJC | 85,000 | 87,000 |
| Jewelry gold price - Southeast | PNJ | 85,500▲300K |
| Jewelry gold price - SJC | 85,000 | 87,000 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 85,500▲300K |
| Jewelry gold price - Jewelry gold 999.9 | 85,400▲300K | 86,200▲300K |
| Jewelry gold price - 999 jewelry gold | 85,310▲300K | 86,110▲300K |
| Jewelry gold price - 99 jewelry gold | 84,440▲300K | 85,440▲300K |
| Jewelry gold price - 916 gold (22K) | 78,560▲280K | 79,060▲280K |
| Jewelry gold price - 750 gold (18K) | 63,400▲220K | 64,800▲220K |
| Jewelry gold price - 680 gold (16.3K) | 57,370▲210K | 58,770▲210K |
| Jewelry gold price - 650 gold (15.6K) | 54,780▲190K | 56,180▲190K |
| Jewelry gold price - 610 gold (14.6K) | 51,330▲180K | 52,730▲180K |
| Jewelry gold price - 585 gold (14K) | 49,180▲180K | 50,580▲180K |
| Jewelry gold price - 416 gold (10K) | 34,610▲130K | 36,010▲130K |
| Jewelry gold price - 375 gold (9K) | 31,080▲120K | 32,480▲120K |
| Jewelry gold price - 333 gold (8K) | 27,200▲100K | 28,600▲100K |
| 3. SJC - Updated: 11/24/2024 04:30 - Website time of supply - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 85,000 | 87,000 |
| SJC 5c | 85,000 | 87,020 |
| SJC 2c, 1C, 5 phan | 85,000 | 87,030 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 85,000▲400K | 86,500▲400K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 85,000▲400K | 86,600▲400K |
| 99.99% Jewelry | 84,900▲400K | 86,100▲400K |
| 99% Jewelry | 82,247▲396K | 85,247▲396K |
| Jewelry 68% | 55,703▲272K | 55,703▲272K |
| Jewelry 41.7% | 33,057▲167K | 36,057▲167K |
World gold price today November 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.
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The price of 9999 gold rings is currently around 86.8 million VND per tael, maintaining the highest level since November 8, 2024. The difference between the buying and selling price of gold fluctuates from 950,000 to 1.8 million VND. 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 in line with world gold prices. Demand for gold is also increasing, especially from investors who expect gold prices to continue to rise.
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 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 about 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 the mark of 2,750 USD/ounce by the middle of next month. This is explained by the fluctuations in economic policies and the risk of rising inflation, partly due to the import tax plans proposed by US President-elect Donald Trump.
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