Gold price today December 28, 2024: Increase in both domestic and world markets
Gold price today December 28: World gold price increased due to escalating tensions between Russia and Ukraine. Domestically, gold ring and gold bar prices increased simultaneously across all brands.
Domestic gold price today December 28, 2024
At the time of survey at 4:30 a.m. on December 28, 2024, the gold price on the trading floors of some companies was as follows:
The price of 9999 gold today is listed by DOJI at 83.7 million VND/tael for buying and 84.7 million VND/tael for selling. An increase of 200 thousand VND/tael for both buying and selling compared to the close of yesterday's trading session.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 84.1-84.7 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold bars increased by 100 thousand VND/tael for buying and 200 thousand VND/tael for selling.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 82.7-84.7 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is also being traded at 82.7-84.7 million VND/tael (buy in - sell out). Compared to yesterday, the gold price increased by 200 thousand VND/tael in the buying - selling direction.
The group of state-owned joint stock commercial banks (Vietcombank, Vietinbank, Agribank, BIDV) listed the price of SJC gold bars at 84.7 million VND/tael.
The latest gold price list today, December 28, 2024 is as follows:
| Gold price today | December 28, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 82.7 | 84.7 | +200 | +200 |
| DOJI Group | 82.7 | 84.7 | +200 | +200 |
| Mi Hong | 84.1 | 84.7 | +100 | +200 |
| PNJ | 82.7 | 84.7 | +200 | +200 |
| Vietinbank Gold | 84.7 | +200 | ||
| Bao Tin Minh Chau | 82.7 | 84.7 | +200 | +200 |
| Bao Tin Manh Hai | 82.7 | 84.7 | +200 | +200 |
| 1.DOJI- Updated: 12/28/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 82,700▲200K | 84,700▲200K |
| AVPL/SJC HCM | 82,700▲200K | 84,700▲200K |
| AVPL/SJC DN | 82,700▲200K | 84,700▲200K |
| Raw material 9999 - HN | 83,600▲200K | 83,800▲200K |
| Raw materials 999 - HN | 83,500▲200K | 83,700▲200K |
| AVPL/SJC Can Tho | 82,700▲200K | 84,700▲200K |
| 2.PNJ- Updated: 12/28/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 83,800▲100K | 84,700▲200K |
| HCMC - SJC | 82,700▲200K | 84,700▲200K |
| Hanoi - PNJ | 83,800▲100K | 84,700▲200K |
| Hanoi - SJC | 82,700▲200K | 84,700▲200K |
| Da Nang - PNJ | 83,800▲100K | 84,700▲200K |
| Da Nang - SJC | 82,700▲200K | 84,700▲200K |
| Western Region - PNJ | 83,800▲100K | 84,700▲200K |
| Western Region - SJC | 82,700▲200K | 84,700▲200K |
| Jewelry gold price - PNJ | 83,800▲100K | 84,700▲200K |
| Jewelry gold price - SJC | 82,700▲200K | 84,700▲200K |
| Jewelry gold price - Southeast | PNJ | 83,800▲100K |
| Jewelry gold price - SJC | 82,700▲200K | 84,700▲200K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,800▲100K |
| Jewelry gold price - Jewelry gold 999.9 | 83,700▲100K | 84,500▲100K |
| Jewelry gold price - 999 jewelry gold | 83,620▲100K | 84,420▲100K |
| Jewelry gold price - 99 jewelry gold | 82,760▲100K | 83,760▲100K |
| Jewelry gold price - 916 gold (22K) | 76,500▲90K | 77,500▲90K |
| Jewelry gold price - 750 gold (18K) | 62,130▲80K | 63,530▲80K |
| Jewelry gold price - 680 gold (16.3K) | 56,210▲70K | 57,610▲70K |
| Jewelry gold price - 650 gold (15.6K) | 53,680▲70K | 55,080▲70K |
| Jewelry gold price - 610 gold (14.6K) | 50,300▲70K | 51,700▲70K |
| Jewelry gold price - 585 gold (14K) | 48,180▲60K | 49,580▲60K |
| Jewelry gold price - 416 gold (10K) | 33,900▲40K | 35,300▲40K |
| Jewelry gold price - 375 gold (9K) | 30,440▲40K | 31,840▲40K |
| Jewelry gold price - 333 gold (8K) | 26,640▲40K | 28,040▲40K |
| 3. SJC - Updated: 12/28/2024 04:30 - Website time of supply - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 82,700▲200K | 84,700▲200K |
| SJC 5c | 82,700▲200K | 84,720▲200K |
| SJC 2c, 1C, 5 phan | 82,700▲200K | 84,730▲200K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 82,700▲200K | 84,500▲200K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 82,700▲200K | 84,600▲200K |
| 99.99% Jewelry | 82,600▲200K | 84,200▲200K |
| 99% Jewelry | 80,866▲198K | 83,366▲198K |
| Jewelry 68% | 54,411▲136K | 57,411▲136K |
| Jewelry 41.7% | 32,264▲83K | 35,264▲83K |
World gold price today December 28, 2024 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 5:00 am today, Vietnam time, was 2,616.17 USD/Ounce. Today's gold price decreased by 9.22 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,760 VND/USD), the world gold price is about 82.15 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.55 million VND/tael higher than the international gold price.
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The State Bank of Vietnam (SBV) said it will continue to implement measures to control the difference between domestic and international gold prices, in order to stabilize the gold market and the macro-economy.
Specifically, the State Bank will coordinate with ministries, branches and localities to inspect and examine gold trading activities, focusing on enterprises, stores and distribution agents. According to the plan, the State Bank will complete inspections of two credit institutions and four gold trading enterprises.
The State Bank of Vietnam emphasized that it will resolutely and strictly handle violations to ensure transparency and stability of the gold market.
These measures are expected to help narrow the gap in gold prices, increase market transparency and strengthen people's confidence in domestic gold market management policies.
Tensions between Russia and Ukraine sent gold prices up more than $20 an ounce to $2,633 as markets reopened after the holidays. Gold is now showing signs of a slight increase, approaching $2,640. However, indicators suggest that prices could fall in the short term, with a lower limit at $2,555.
If gold price breaks above $2,640, the downtrend could be broken and gold price could rise again.
US President Joe Biden has ordered the Department of Defense to increase the delivery of weapons to Ukraine. He previously criticized Russia for attacking several Ukrainian cities and the power system.
The market is also waiting for signs on the US economic situation during President-elect Donald Trump's term and the US Federal Reserve's interest rate strategy in 2025. Trading volume is low as the market has just reopened after the Christmas holiday.
Donald Trump will return to the White House in January 2025. Markets are closely watching US economic data to predict the Fed's interest rate policy, if Mr. Trump changes tax policy as promised. This year, the Fed has loosened monetary policy three times, but has signaled that it wants interest rates to decrease slowly next year.
Gold price forecast
According to expert Pavilonis, central banks will continue to buy gold, and as inflation continues, people's demand will also increase. He predicts that gold prices could exceed $ 3,000 next year, an expectation given by many major financial institutions.
Ajay Kedia, director of Kedia Commodities, said the gold market will be volatile next year. The first half of the year will be positive due to geopolitical tensions, but the second half may see profit-taking.
Milling-Stanley, a subsidiary of State Street Financial Group, forecasts that the gold price in 2025 has a 50% chance of being in the range of 2,600-2,900 USD/ounce, a 30% chance of increasing to 2,900-3,100 USD/ounce and a 20% chance of decreasing to 2,200-2,600 USD/ounce.
Many other international financial institutions also predict that gold prices will increase in 2025. UBS Bank predicts that spot gold prices could reach $2,900/ounce, while Goldman Sachs Bank is more optimistic, saying that gold prices could reach $3,000.
