Gold price today December 6, 2024: PNJ gold ring price increased slightly, world gold price decreased slightly
Gold price today December 6: Domestic gold price is unchanged, only PNJ gold ring price increased slightly. World gold price decreased slightly, weak reaction from US employment report.
Domestic gold price today December 6, 2024
At the time of survey at 4:30 a.m. on December 6, 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 83.3 million VND/tael for buying and 84.3 million VND/tael for selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 83.8-85 million VND/tael for buying and selling. Compared to yesterday, the selling price increased slightly by 200 thousand VND/tael.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by businesses at 83-85.5 million VND/tael (buy in - sell out). At Bao Tin Manh Hai, it is also being traded at 83-85.5 million VND/tael (buy in - sell out).
The latest gold price list today, December 6, 2024 is as follows:
| Gold price today | December 6, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 83 | 85.5 | - | - |
| DOJI Group | 83 | 85.5 | - | - |
| Mi Hong | 83.8 | 85 | - | +200 |
| PNJ | 83 | 85.5 | - | - |
| Vietinbank Gold | 85.5 | - | ||
| Bao Tin Minh Chau | 82.8 | 85.3 | - | - |
| Bao Tin Manh Hai | 82.8 | 85.3 | - | - |
| 1.DOJI- Updated: 12/6/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 83,000 | 85,500 |
| AVPL/SJC HCM | 83,000 | 85,500 |
| AVPL/SJC DN | 83,000 | 85,500 |
| Raw material 9999 - HN | 83,200 | 83,500 |
| Raw materials 999 - HN | 83,100 | 83,400 |
| AVPL/SJC Can Tho | 83,000 | 85,500 |
| 2.PNJ- Updated: 12/6/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 83,200▲100K | 84,350▲50K |
| HCMC - SJC | 83,000 | 85,500 |
| Hanoi - PNJ | 83,200▲100K | 84,350▲50K |
| Hanoi - SJC | 83,000 | 85,500 |
| Da Nang - PNJ | 83,200▲100K | 84,350▲50K |
| Da Nang - SJC | 83,000 | 85,500 |
| Western Region - PNJ | 83,200▲100K | 84,350▲50K |
| Western Region - SJC | 83,000 | 85,500 |
| Jewelry gold price - PNJ | 83,200▲100K | 84,350▲50K |
| Jewelry gold price - SJC | 83,000 | 85,500 |
| Jewelry gold price - Southeast | PNJ | 83,200▲100K |
| Jewelry gold price - SJC | 83,000 | 85,500 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,200▲100K |
| Jewelry gold price - Jewelry gold 999.9 | 83,200▲200K | 84,000▲200K |
| Jewelry gold price - 999 jewelry gold | 83,120▲200K | 83,920▲200K |
| Jewelry gold price - 99 jewelry gold | 82,260▲200K | 83,260▲200K |
| Jewelry gold price - 916 gold (22K) | 76,540▲180K | 77,040▲180K |
| Jewelry gold price - 750 gold (18K) | 61,750▲150K | 63,150▲150K |
| Jewelry gold price - 680 gold (16.3K) | 55,870▲140K | 57,270▲140K |
| Jewelry gold price - 650 gold (15.6K) | 53,350▲130K | 54,750▲130K |
| Jewelry gold price - 610 gold (14.6K) | 49,990▲120K | 51,390▲120K |
| Jewelry gold price - 585 gold (14K) | 47,890▲120K | 49,290▲120K |
| Jewelry gold price - 416 gold (10K) | 33,690▲80K | 35,090▲80K |
| Jewelry gold price - 375 gold (9K) | 30,250▲70K | 31,650▲70K |
| Jewelry gold price - 333 gold (8K) | 26,470▲70K | 27,870▲70K |
| 3. SJC - Updated: 12/6/2024 04:30 - Website time of supply - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 83,000 | 85,500 |
| SJC 5c | 83,000 | 85,520 |
| SJC 2c, 1C, 5 phan | 83,000 | 85,530 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 83,000 | 84,300 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 83,000 | 84,400 |
| 99.99% Jewelry | 82,900 | 83,900 |
| 99% Jewelry | 80,069 | 83,069 |
| Jewelry 68% | 54,207 | 57,207 |
| Jewelry 41.7% | 32,139 | 35,139 |
World gold price today December 6, 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 2,648.11 USD/Ounce. Today's gold price decreased by 0.31 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,730 VND/USD), the world gold price is about 83.06 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.44 million VND/tael higher than the international gold price.
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In Hanoi, gold shops are still attracting many customers to buy 9999 plain round gold rings. However, most shops have announced that they are out of stock, have temporarily stopped trading or are only selling gold for a limited time.
Ms. Dao Thu Hien (Cau Giay District) said that she had been to the gold shop on Cau Giay Street many times but could only buy 2 taels of ring after many days of waiting. "I needed to buy 5 taels as a wedding gift, but this morning I received a notice that it was out of stock. I had to go home and will try again another day," Ms. Hien shared.
A representative of a gold shop on Cau Giay Street said: "Currently, the shop has run out of plain round gold rings, so we have to temporarily stop trading. We cannot determine when new stock will be available."
Although gold prices are stable, the high demand for gold rings has caused a prolonged shortage, causing many inconveniences for customers.
Experts recommend that people should monitor the supply situation at stores before going to buy to avoid wasting time. At the same time, it is necessary to choose the right time to buy gold when prices and supply are more stable.
The world gold price today decreased slightly after the latest report showed that the number of jobs in the private sector in the US increased but not too strongly. Specifically, in the past month, the number of new jobs created was 146,000, slightly lower than the forecast of 150,000 jobs by experts.
According to expert Everett Millman of Gainesville Coins, gold prices have reacted rather weakly to this information. He believes that gold can only see strong fluctuations if the upcoming non-farm payroll report shows a clear weakening of the US labor market.
Gold prices are currently testing key support near $2,600 as the market is concerned about tensions in the Middle East and the policies of President-elect Donald Trump.
Upcoming comments from Fed Chairman Jerome Powell and US employment data could influence gold's direction. If gold breaks above $2,670, it could continue to rise to $2,790. However, if gold falls below $2,600, it could continue to fall further.
Meanwhile, the cryptocurrency market witnessed a historic milestone when the price of bitcoin surpassed the psychological level of $100,000 for the first time, bringing the market capitalization to more than $2,000 billion. According to data from CoinMarketCap, the price of Bitcoin did not stop at this mark but continued to increase, reaching $103,000 in the trading session this morning (Vietnam time).
Market sentiment is focused on Friday's US jobs report and next week's November inflation data. Markets are now pricing in a 74% chance the Fed will cut interest rates by 0.25% this month.
ANZ said that after gold has outperformed this year, prices may pause in the short term, as the strong US dollar will continue to be a factor hindering gold demand.
Gold price forecast
Gold prices are expected to stabilize thanks to safe investment demand from large funds, in the context of slowing interest rate hikes by central banks.
Mr. Ajay Kedia, director at Kedia Commodities, Mumbai, said that gold prices could reach around $3,000 by March 2025 thanks to factors such as the geopolitical situation, the process of reducing dependence on the USD and buying demand from central banks.
Expert Han Tan from Exinity Group forecasts that spot gold prices may continue to fluctuate in the range of 2,600-2,700 USD, unless upcoming labor market and inflation data strongly change the possibility of the US Federal Reserve (Fed) cutting interest rates on December 18.
According to Natasha Kaneva, head of global commodity strategy at JP Morgan, the post-election drop in gold prices is just a temporary adjustment, not a major change. JP Morgan forecasts that gold prices could reach $3,000 an ounce by 2025, with an average price of about $2,950.
"I don't think gold will ever go back to $2,000 again. That's in the past, and we're now on a strong upward trajectory with no resistance. Gold could double or triple its current level, and it could go even higher," said Peter Schiff, chief strategist at Euro Pacific Asset Management.
Mr. Schiff also predicted that when gold prices rise high enough, greed will gradually replace fear in the market, and then, investors will start to take interest in stocks of gold mining companies.
