Gold price today December 31, 2024: World gold and domestic gold suddenly decreased
Gold price today December 31: Recorded a sudden drop in world gold. Domestic gold price dropped 200 thousand VND/tael right at the opening, losing almost all the achievements made last week.
Domestic gold price today December 31, 2024
At the time of survey at 4:30 a.m. on December 31, 2024, the gold price on the trading floors of some companies was as follows:
The price of SJC gold listed by Saigon Jewelry Company (SJC) is 82.5-84.5, down 200 thousand VND/tael in both buying and selling compared to the previous trading session. The difference between buying and selling price is 2 million VND.
Today, the price of Phuc Long DOJI gold bars is listed at 82.5 million VND/tael for buying and 84.5 million VND/tael for selling, down 200 thousand VND/tael for both buying and selling compared to the closing price of yesterday's trading session. The difference between the buying price and selling price is 2 million VND.
SJC gold price at Bao Tin Minh Chau Company Limited is currently trading at 82.5-84.5 million VND/tael (buy - sell). At Bao Tin Manh Hai, it is also trading at 82.5-84.5 million VND/tael (buy - sell). A decrease of 200 thousand VND/tael in both buying and selling compared to the end of yesterday's trading session.
SJC gold price at Phu Quy Company is 82.6 million VND for buying and 84.5 million VND for selling/tael. Decrease 100 thousand VND/tael for buying and decrease 200 thousand VND/tael for 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 84.0-84.5 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold bars decreased by 100,000 VND for buying and 200,000 VND for selling.
The group of state-owned joint stock commercial banks (Vietcombank, Vietinbank, Agribank, BIDV) listed the price of SJC gold bars at 84.5 million VND/tael.
For gold rings, SJC Company also reduced the price by 200,000 VND per tael this morning, currently listed at 82.5 million/tael (buy) and 84.3 million/tael (sell); PNJ and Phu Quy also reduced the price of this item by 100-200,000 VND/tael, keeping the selling price around 84.5 million VND/tael.
The price of Hung Thinh Vuong 9999 round gold ring at DOJI is listed at 83.6-84.5 million VND/tael (buy - sell); down 250 thousand VND/tael for buying and down 200 thousand VND/tael for selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 82.9-84.5 million VND/tael (buy - sell), down 200 thousand VND/tael for both buying and selling compared to early this morning.
At the current price, domestic SJC gold bars and gold rings are 3-3.5 million VND/tael higher than world gold prices.
The latest gold price list today, December 31, 2024 is as follows:
| Gold price today | December 31, 2024 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 82.5 | 84.5 | -200 | -200 |
| DOJI Group | 82.5 | 84.5 | -200 | -200 |
| Red Eyelashes | 84 | 84.5 | -100 | -200 |
| PNJ | 82.5 | 84.5 | -200 | -200 |
| Vietinbank Gold | 84.5 | -200 | ||
| Bao Tin Minh Chau | 82.5 | 84.5 | -200 | -200 |
| Bao Tin Manh Hai | 82.5 | 84.5 | -200 | -200 |
| 1.DOJI- Updated: 12/31/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 82,500▼200K | 84,500▼200K |
| AVPL/SJC HCM | 82,500▼200K | 84,500▼200K |
| AVPL/SJC DN | 82,500▼200K | 84,500▼200K |
| Raw material 9999 - HN | 83,600▼250K | 83,900▼200K |
| Raw material 999 - HN | 83,500▼250K | 83,800▼200K |
| AVPL/SJC Can Tho | 82,500▼200K | 84,500▼200K |
| 2.PNJ- Updated: 12/31/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 83,600▼200K | 84,500▼200K |
| HCMC - SJC | 82,500▼200K | 84,500▼200K |
| Hanoi - PNJ | 83,600▼200K | 84,500▼200K |
| Hanoi - SJC | 82,500▼200K | 84,500▼200K |
| Da Nang - PNJ | 83,600▼200K | 84,500▼200K |
| Da Nang - SJC | 82,500▼200K | 84,500▼200K |
| Western Region - PNJ | 83,600▼200K | 84,500▼200K |
| Western Region - SJC | 82,500▼200K | 84,500▼200K |
| Jewelry gold price - PNJ | 83,600▼200K | 84,500▼200K |
| Jewelry gold price - SJC | 82,500▼200K | 84,500▼200K |
| Jewelry gold price - Southeast | PNJ | 83,600▼200K |
| Jewelry gold price - SJC | 82,500▼200K | 84,500▼200K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,600▼200K |
| Jewelry gold price - Jewelry gold 999.9 | 83,600▼100K | 84,400▼100K |
| Jewelry gold price - Jewelry gold 999 | 83,520▼100K | 84,320▼100K |
| Jewelry gold price - Jewelry gold 99 | 82,660▼100K | 83,660▼100K |
| Jewelry gold price - 916 gold (22K) | 76,410▼90K | 77,410▼90K |
| Jewelry gold price - 750 gold (18K) | 62,050▼80K | 63,450▼80K |
| Jewelry gold price - 680 gold (16.3K) | 56,140▼70K | 57,540▼70K |
| Jewelry gold price - 650 gold (15.6K) | 53,610▼70K | 55,010▼70K |
| Jewelry gold price - 610 gold (14.6K) | 50,230▼70K | 51,630▼70K |
| Jewelry gold price - 585 gold (14K) | 48,120▼60K | 49,520▼60K |
| Jewelry gold price - 416 gold (10K) | 33,860▼40K | 35,260▼40K |
| Jewelry gold price - 375 gold (9K) | 30,400▼40K | 31,800▼40K |
| Jewelry gold price - 333 gold (8K) | 26,600▼40K | 28,000▼40K |
| 3. SJC - Updated: 12/31/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 82,500▼200K | 84,500▼200K |
| SJC 5c | 82,500▼200K | 84,520▼200K |
| SJC 2c, 1c, 5c | 82,500▼200K | 84,530▼200K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 82,500▼200K | 84,300▼200K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 82,500▼200K | 84,400▼200K |
| Jewelry 99.99% | 82,400▼200K | 84,100▼100K |
| Jewelry 99% | 80,767▼99K | 83,267▼99K |
| Jewelry 68% | 54,343▼68K | 57,343▼68K |
| Jewelry 41.7% | 32,223▼41K | 35,223▼41K |
World gold price today December 31, 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 2,611.8 USD/Ounce. Today's gold price decreased by 6.97 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,850 VND/USD), the world gold price is about 82.3 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.2 million VND/tael higher than the international gold price.
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Gold prices are trending slightly lower, showing negative moves in an attempt to maintain the downtrend in the coming time. Pressure from the EMA50 continues to impact, with the next target identified at $2,555.
Accordingly, the bearish scenario remains intact unless the price breaks above $2,640 and stabilizes above this level.
The expected trading range for the day is between $2,605 and $2,640.
The gold market is currently not very volatile. The main reason is that investors are pausing transactions to prepare for the New Year holiday.
In addition, they are also waiting for important economic information, especially policy decisions from the US Federal Reserve (Fed) and the new economic policy of US President Donald Trump. This makes the gold market less exciting.
However, the current silence could be a precursor to greater volatility as we move into 2025, when many important economic and political events will take place.
China’s economy is expected to slow to around 4.3% growth, below the 5% target. This is due to problems in the real estate sector, shrinking cash flow and weak domestic consumption. This has led to a loss of confidence among investors and consumers, increasing the appeal of safe-haven assets such as gold.
The Russia-Ukraine conflict is putting huge financial pressure on European countries, forcing them to increase defense spending. The region's two largest economies, Germany and France, are facing the risk of recession due to high public debt and political crises. The European Central Bank (ECB) has cut interest rates to stimulate growth, but the short-term outlook remains bleak.
Under President Trump’s second term, the US is expected to continue its protectionist trade policies, which could disrupt global supply chains. In such a scenario, investors will tend to seek safe haven assets such as gold to protect their assets, as gold is less affected by political and trade fluctuations.
Gold Price Forecast
According to Michael Langford, chief investment officer at Scorpion Minerals, a major factor that could affect gold prices in the coming period is the return of Donald Trump as US President and the new policies he may introduce. This could make the market more volatile, and gold will benefit from that instability.
Daniel Pavilonis, senior market strategist at RJO Futures, also said that central bank buying will continue, while demand from retail investors could also increase. He predicted that gold prices will surpass $3,000 an ounce by 2025.
Central banks, especially in Asia and emerging markets, are increasing their gold reserves to reduce their dependence on the US dollar. This helps to strengthen the value of gold in the long term.
Many people still consider gold as a safe asset to store, especially in times of economic uncertainty. This trend continues to support gold prices.
Unlike industrial metals (like copper) which are affected by economic cycles, gold remains stable due to its role as a store of value and safe haven asset.
