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Gold price today November 30, 2024: World and domestic gold prices increased on Black Friday

Quoc Duong DNUM_DAZBBZCACE 4:30

Gold price today November 30: On Black Friday, world gold prices and domestic gold prices increased simultaneously. The selling price of gold rings is still "dancing" below the 85 million VND mark.

Domestic gold price today November 30, 2024

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

DOJI listed the price of 9999 gold today at 83.8 million VND/tael for buying and 84.8 million VND/tael for selling. The price of 9999 gold rings increased by 300 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 84.6-85.6 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold bars increased by 300 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 83.3-85.8 million VND/tael (buy - sell). Compared to yesterday, the gold price increased by 400 thousand VND/tael in both buying and selling directions.

At Bao Tin Manh Hai, it is also being traded at 83.1-85.6 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.

Giá vàng hôm nay 30/11/2024: Giá vàng thế giới và trong nước cùng tăng trong ngày Black Friday

The latest gold price list today, November 30, 2024 is as follows:

Gold price today
November 30, 2024
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
83.3
85.8
+400+400
DOJI Group
83.3
85.8
+400
+400
Red Eyelashes
84.685.6
+300+300
PNJ
83.3
85.8
+400+400
Vietinbank Gold
85.8

+400
Bao Tin Minh Chau
83.3
85.8
+400+400
Bao Tin Manh Hai
83.1
85.6
+200+200
1.DOJI- Updated: 11/30/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN83,300▲400K85,800▲400K
AVPL/SJC HCM83,300▲400K85,800▲400K
AVPL/SJC DN83,300▲400K85,800▲400K
Raw material 9999 - HN83,700▲300K84,000▲100K
Raw material 999 - HN83,600▲300K83,900▲100K
AVPL/SJC Can Tho83,300▲400K85,800▲400K
2.PNJ- Updated: 11/30/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ83,600▲200K84,700▲200K
HCMC - SJC83,300▲400K85,800▲400K
Hanoi - PNJ83,600▲200K84,700▲200K
Hanoi - SJC83,300▲400K85,800▲400K
Da Nang - PNJ83,600▲200K84,700▲200K
Da Nang - SJC83,300▲400K85,800▲400K
Western Region - PNJ83,600▲200K84,700▲200K
Western Region - SJC83,300▲400K85,800▲400K
Jewelry gold price - PNJ83,600▲200K84,700▲200K
Jewelry gold price - SJC83,300▲400K85,800▲400K
Jewelry gold price - SoutheastPNJ83,600▲200K
Jewelry gold price - SJC83,300▲400K85,800▲400K
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring83,600▲200K
Jewelry gold price - Jewelry gold 999.983,500▲200K84,300▲200K
Jewelry gold price - Jewelry gold 99983,420▲200K84,220▲200K
Jewelry gold price - Jewelry gold 9982,560▲200K83,560▲200K
Jewelry gold price - 916 gold (22K)76,820▲180K77,320▲180K
Jewelry gold price - 750 gold (18K)61,980▲150K63,380▲150K
Jewelry gold price - 680 gold (16.3K)56,070▲130K57,470▲130K
Jewelry gold price - 650 gold (15.6K)53,550▲130K54,950▲130K
Jewelry gold price - 610 gold (14.6K)50,170▲120K51,570▲120K
Jewelry gold price - 585 gold (14K)48,070▲120K49,470▲120K
Jewelry gold price - 416 gold (10K)33,820▲80K35,220▲80K
Jewelry gold price - 375 gold (9K)30,360▲70K31,760▲70K
Jewelry gold price - 333 gold (8K)26,570▲70K27,970▲70K
3. SJC - Updated: 11/30/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG83,300▲400K85,800▲400K
SJC 5c83,300▲400K85,820▲400K
SJC 2c, 1c, 5c83,300▲400K85,830▲400K
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi82,800▲300K84,700▲300K
SJC 99.99 gold ring 0.3 chi, 0.5 chi82,800▲300K84,800▲300K
Jewelry 99.99%82,700▲300K84,300▲300K
Jewelry 99%80,465▲297K83,465▲297K
Jewelry 68%54,479▲204K57,479▲204K
Jewelry 41.7%32,306▲125K35,306▲125K

World gold price today November 30, 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 2,656.17 USD/Ounce. Today's gold price increased by 9.6 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,790 VND/USD), the world gold price is about 83.50 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.30 million VND/tael higher than the international gold price.

Currently, the world gold price increased rapidly this afternoon. SJC gold bars increased sharply, pulling all types of gold up.

It can be seen that the price has completed the formation of a double bottom pattern which is expected to push the price up further in the upcoming trading sessions, towards the first target of $2,700.

Therefore, a bullish trend is expected today, supported by the move above the EMA50, noting that a break below $2,649 would halt the bullish scenario and push the price back down.

Recently, the domestic gold market has been bustling but there have also been opposite phenomena. When the gold price dropped sharply, stores did not limit the supply, but the number of customers coming to trade was quite low. On the contrary, when the gold price suddenly increased, many people flocked to gold shops, ready to queue even though the stores announced "no sales".

At gold shops like Bao Tin Minh Chau on the morning of November 29, people lined up very early with the fear of "missing the opportunity". Mr. Binh (Cau Giay, Hanoi) said that this mentality comes from the crowd effect. When prices increase, people are worried that prices will increase even more and are willing to spend money even though they know it is not the best time. On the contrary, when prices decrease, many people wait in the hope that prices will decrease further, leading to insignificant purchases.

Gold and savings are always two popular investment channels. However, before making a decision, investors need to carefully consider their financial capacity and market fluctuations. Each investment channel has its own advantages and disadvantages. Savings are more stable, but profits depend on bank interest rates. Currently, some banks such as CBBank and LPBank have increased deposit interest rates by 0.15% and 0.2% per year, with the highest interest rate being 5.8% per year for terms under 12 months.

The price of SJC gold bars is currently listed at VND83.30 - 85.80 million/tael. Compared to gold rings, the buying price of gold bars is VND500,000/tael lower, but the selling price is VND1 million/tael higher. This shows the big difference in the buying and selling range of gold bars compared to gold rings, making gold rings somewhat more advantageous if buyers are interested in flexible trading capabilities.

World gold prices have increased slightly amid a weakening US dollar and rising global geopolitical tensions.

On November 28, the Israeli military announced that it had conducted an airstrike on a facility in southern Lebanon used by Hezbollah to store medium-range missiles.

On the same day, Russia also carried out its second major attack this month on Ukraine's energy infrastructure.

The US dollar fell 0.2% on the day, making gold more attractive to holders of other currencies, supporting the rise in gold prices.

Next week, the US will release important economic data such as job openings and labor reports. This information will provide more clues about the Fed's next move.

Gold is now seen as an important part of a long-term investment portfolio, and at current prices, lower than before the US presidential election, it is a good opportunity to accumulate gold at reasonable prices, said Anindya Banerjee, senior vice president at Kotak Securities Ltd.

The inauguration of Donald Trump as US President in January could accelerate the process of global de-dollarisation, which is expected to have a long-term positive impact on gold prices.

Although there is a risk of gold prices correcting in the short term due to the rising US dollar, Mr. Banerjee said these are opportunities for investors to buy more.

Gold Price Forecast

Gold prices are facing a major change after a nine-month rally – the longest in more than 24 years – that is likely to end in November 2024, according to Stanley, market strategist at Forex.com.

Phillip Streible (Blue Line Futures) predicts that gold prices could reach $3,000/ounce in the first half of 2025. However, this depends on whether inflation spikes, forcing the Fed to raise interest rates.

According to Darin Newsom (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 rise thanks to strong supporting factors.

UBS Bank (Switzerland) forecasts gold prices to reach $2,900/ounce by the end of 2025, emphasizing gold's role as a safe investment channel, especially in the context of geopolitical instability and fiscal risks.

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Gold price today November 30, 2024: World and domestic gold prices increased on Black Friday
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