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:
DOJI listed the price of 9999 gold today 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 end 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 both buying and selling directions.
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 dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 82.7 | 84.7 | +200 | +200 |
| DOJI Group | 82.7 | 84.7 | +200 | +200 |
| Red Eyelashes | 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: 2024-12-28 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| 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 material 999 - HN | 83,500▲200K | 83,700▲200K |
| AVPL/SJC Can Tho | 82,700▲200K | 84,700▲200K |
| 2.PNJ- Updated: 2024-12-28 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| 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 - Jewelry gold 999 | 83,620▲100K | 84,420▲100K |
| Jewelry gold price - Jewelry gold 99 | 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 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 82,700▲200K | 84,700▲200K |
| SJC 5c | 82,700▲200K | 84,720▲200K |
| SJC 2c, 1c, 5c | 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 |
| Jewelry 99.99% | 82,600▲200K | 84,200▲200K |
| Jewelry 99% | 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 a.m. 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, sectors 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 holiday. Gold is showing signs of a slight increase, approaching $2,640. However, indicators suggest that gold could fall in the short term, with a lower limit at $2,555.
If gold prices break above $2,640, the downtrend could be broken and gold prices 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 Trump changes tax policy as promised. The Fed has eased monetary policy three times this year, but has signaled that it wants to slow down interest rate cuts next year.
Gold Price Forecast
According to Pavilonis, central banks will continue to buy gold, and as inflation persists, consumer demand will also increase. He predicts that gold prices could surpass $3,000 next year, a level expected 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 could 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/ounce, a 30% chance of increasing to $2,900-3,100/ounce, and a 20% chance of decreasing to $2,200-2,600/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.
