Market

Gold price today November 28, 2024: World gold price pulls domestic gold price up nearly 2 million VND

Quoc Duong DNUM_CIZBBZCACE 05:15

Gold price today November 28, 2024: World gold price increased by 332 USD from the bottom of the week to above 2,654.57 USD/ounce, pulling domestic gold ring price up to 1.6 million VND/tael.

Domestic gold price today November 28, 2024

At the time of survey at 4:30 a.m. on November 28, 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. The price of 9999 gold rings increased by 1.6 million VND/tael for buying and 500 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 84.5-85.5 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold bars increased by 800 thousand VND/tael for buying and 300 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is also traded at 83-85.5 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 83-85.5 million VND/tael (buy - sell). Compared to yesterday, the gold price increased by 200 thousand VND/tael in both buying and selling directions.

Giá vàng hôm nay 28/11/2024: Giá vàng thế giới kéo giá vàng trong nước tăng gần 2 triệu đồng

The latest gold price list today, November 28, 2024 is as follows:

Gold price today
November 28, 2024
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
83
85.5
+300+300
DOJI Group
83
85.5
+300
+300
Red Eyelashes
84.585.5
+1,600+300
PNJ
83
85.5
+300+300
Vietinbank Gold
85.5

-1,400
Bao Tin Minh Chau
83
85.5
+200+200
Bao Tin Manh Hai
83
85.5
+200+200
1.DOJI- Updated: 11/28/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN83,000▲300K85,500▲300K
AVPL/SJC HCM83,000▲300K85,500▲300K
AVPL/SJC DN83,000▲300K85,500▲300K
Raw material 9999 - HN83,700▲1500K84,000▲400K
Raw material 999 - HN83,600▲1500K83,900▲400K
AVPL/SJC Can Tho83,000▲300K85,500▲300K
2.PNJ- Updated: 11/28/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ83,500▲800K84,500▲100K
HCMC - SJC83,000▲200K85,500▲200K
Hanoi - PNJ83,500▲800K84,500▲100K
Hanoi - SJC83,000▲200K85,500▲200K
Da Nang - PNJ83,500▲800K84,500▲100K
Da Nang - SJC83,000▲200K85,500▲200K
Western Region - PNJ83,500▲800K84,500▲100K
Western Region - SJC83,000▲200K85,500▲200K
Jewelry gold price - PNJ83,500▲800K84,500▲100K
Jewelry gold price - SJC83,000▲200K85,500▲200K
Jewelry gold price - SoutheastPNJ83,500▲800K
Jewelry gold price - SJC83,000▲200K85,500▲200K
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring83,500▲800K
Jewelry gold price - Jewelry gold 999.983,400▲800K84,200▲800K
Jewelry gold price - Jewelry gold 99983,320▲800K84,120▲800K
Jewelry gold price - Jewelry gold 9982,460▲790K83,460▲790K
Jewelry gold price - 916 gold (22K)76,730▲740K77,230▲740K
Jewelry gold price - 750 gold (18K)61,900▲600K63,300▲600K
Jewelry gold price - 680 gold (16.3K)56,010▲550K57,410▲550K
Jewelry gold price - 650 gold (15.6K)53,480▲520K54,880▲520K
Jewelry gold price - 610 gold (14.6K)50,110▲490K51,510▲490K
Jewelry gold price - 585 gold (14K)48,010▲470K49,410▲470K
Jewelry gold price - 416 gold (10K)33,780▲340K35,180▲340K
Jewelry gold price - 375 gold (9K)30,330▲300K31,730▲300K
Jewelry gold price - 333 gold (8K)26,540▲270K27,940▲270K
3. SJC - Updated: 11/28/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG83,000▲300K85,500▲300K
SJC 5c83,000▲300K85,520▲300K
SJC 2c, 1c, 5c83,000▲300K85,530▲300K
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi82,700▲600K84,600▲400K
SJC 99.99 gold ring 0.3 chi, 0.5 chi82,700▲600K84,700▲400K
Jewelry 99.99%82,600▲600K84,200▲400K
Jewelry 99%80,366▲396K83,366▲396K
Jewelry 68%54,411▲272K57,411▲272K
Jewelry 41.7%32,264▲166K35,264▲166K

World gold price today November 28, 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 2,654.57 USD/Ounce. Today's gold price increased by 32 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,810 VND/USD), the world gold price is about 83.36 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.14 million VND/tael higher than the international gold price.

After two days of sharp decline, domestic gold prices have recovered today thanks to rising signals from the international market. In the first two days of the week, gold prices have lost 2.5 to 3.4 million VND/tael for buying and 2.2 to 2.3 million VND/tael for selling, causing the difference between buying and selling to reach more than 2 million VND.

However, with the recovery of world gold to 2,654.57 USD/ounce, the domestic ring gold price increased again, adjusting by 1.6 million VND/tael for buying. The difference between buying and selling also decreased sharply, only about 1 million VND/tael.

On November 27, Vietnam time, the US Federal Reserve (Fed) released the minutes of its November meeting, providing information on the future direction of monetary policy.

While there was no clear sign of an immediate rate cut, the minutes showed the Fed was considering lowering borrowing costs "gradually" and moving toward a more neutral policy.

One notable point in the minutes was that the Fed did not mention much about the impact of Donald Trump's recent presidential election victory. The administration's new policies, especially on tariffs and immigration, could put pressure on inflation and change the economic outlook for the coming year.

Fed Chairman Jerome Powell said the Fed will continue to monitor the situation and needs more information about policies from the new administration before assessing their impact on the economy.

The minutes showed the Fed is trying to strike a balance between maintaining economic growth, controlling inflation and keeping the labor market stable.

Although many investors expect the Fed to cut interest rates again in December, the Fed's cautious stance may cause the market to adjust expectations.

Whether or not the Fed cuts rates in December will depend on key economic data coming in, such as GDP growth, inflation and the job market. With the US economy strong, the Fed has reason to be cautious before making further decisions.

The weakening US dollar is helping to ease the pressure on gold prices. The DXY index, which measures the strength of the US dollar against a basket of other currencies, fell to 106.5, down from 107.5 on November 26 and down sharply from a peak of 108 last week. This weakness supports gold prices because when the US dollar falls, gold becomes more attractive to international investors.

According to Swiss bank UBS, gold prices in the short term may fluctuate due to the impact of many conflicting factors such as inflation, interest rates, geopolitical situations and upcoming US trade policies. However, in the long term, gold is still considered to have the potential to increase in price.

Gold Price Forecast

UBS forecasts that gold prices could reach their target of $2,900 an ounce by the end of 2025. The report emphasizes that gold is a safe investment channel, helping to hedge against risks amid geopolitical instability and fiscal issues.

According to Darin Newsom, market analyst at Barchart.com, gold prices may decline slightly in the short term due to market correction. However, in the long term, he believes that gold will continue to increase in price.

Marc Chandler, CEO of Bannockburn Global Forex, predicts that gold prices are likely to return to the record highs reached in late October this year. He even believes that gold prices could reach $3,000 an ounce by 2025.

Nitesh Shah, an expert at WisdomTree, gave a more cautious forecast. He predicted that gold prices will increase to $2,850/ounce by the fourth quarter of 2025.

Featured Nghe An Newspaper

Latest

x
Gold price today November 28, 2024: World gold price pulls domestic gold price up nearly 2 million VND
POWERED BYONECMS- A PRODUCT OFNEKO