Gold price on December 26, 2024: Domestic and world gold prices are both 'on holiday'
Gold price on December 26, 2024: Domestic and world gold prices are both 'on holiday'. World gold prices are anchored below the 2,620 USD/ounce mark. Domestically, SJC gold bars remain at the price of 84.3 million VND.
Domestic gold price today December 26, 2024
In the domestic market, the prices of gold brands remained unchanged this morning, the trading market was quiet in the last days of the year. Both gold bars and gold bullion kept the same buying and selling prices compared to yesterday's closing price.
Specifically, at 4:30 a.m. on December 26, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 82.3-84.3 million VND/tael, unchanged from the closing price yesterday.
The price of SJC 9999 gold ring closed the week at 82.3 million VND/tael for buying and 84.1 million VND/tael for selling, unchanged from the previous session.
DOJI gold bar price in Hanoi and Ho Chi Minh City is buying at 82.3 million VND/tael and selling at 84.3 million VND/tael, unchanged from the previous session.
This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold rings at 83.3-84.3 million VND/tael. The selling price of DOJI gold rings is equal to the price of gold bars and the buying price is 1 million VND/tael higher than the price of gold bars.
PNJ Gold closed the week buying at 83.6 million VND/tael and selling at 84.3 million VND/tael.
Mi Hong Company in Ho Chi Minh City is also listing the price of rings at 83.6-84.3 million VND/tael, while the price of SJC gold is kept at 83.7-84.3 million VND/tael. Mi Hong is currently the gold dealer offering the highest buying price for gold rings and SJC gold among the current gold trading enterprises.
The latest gold price list today, December 26, 2024 is as follows:
| Gold price today | December 26, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 82.3 | 84.3 | - | - |
| DOJI Group | 82.3 | 84.3 | - | - |
| Mi Hong | 83.5 | 84.3 | - | - |
| PNJ | 82.3 | 84.3 | - | - |
| Vietinbank Gold | 84.3 | - | ||
| Bao Tin Minh Chau | 82.3 | 84.3 | - | - |
| Bao Tin Manh Hai | 82.3 | 84.3 | - | - |
| 1.DOJI- Updated: 12/26/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 82,300 | 84,300 |
| AVPL/SJC HCM | 82,300 | 84,300 |
| AVPL/SJC DN | 82,300 | 84,300 |
| Raw material 9999 - HN | 83,200 | 83,400 |
| Raw materials 999 - HN | 83,100 | 83,300 |
| AVPL/SJC Can Tho | 82,300 | 84,300 |
| 2.PNJ- Updated: 12/26/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 83,600 | 84,300 |
| HCMC - SJC | 82,300 | 84,300 |
| Hanoi - PNJ | 83,600 | 84,300 |
| Hanoi - SJC | 82,300 | 84,300 |
| Da Nang - PNJ | 83,600 | 84,300 |
| Da Nang - SJC | 82,300 | 84,300 |
| Western Region - PNJ | 83,600 | 84,300 |
| Western Region - SJC | 82,300 | 84,300 |
| Jewelry gold price - PNJ | 83,600 | 84,300 |
| Jewelry gold price - SJC | 82,300 | 84,300 |
| Jewelry gold price - Southeast | PNJ | 83,600 |
| Jewelry gold price - SJC | 82,300 | 84,300 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,600 |
| Jewelry gold price - Jewelry gold 999.9 | 83,400 | 84,200 |
| Jewelry gold price - 999 jewelry gold | 83,320 | 84,120 |
| Jewelry gold price - 99 jewelry gold | 82,460 | 83,460 |
| Jewelry gold price - 916 gold (22K) | 76,230 | 77,230 |
| Jewelry gold price - 750 gold (18K) | 61,900 | 63,300 |
| Jewelry gold price - 680 gold (16.3K) | 56,010 | 57,410 |
| Jewelry gold price - 650 gold (15.6K) | 53,480 | 54,880 |
| Jewelry gold price - 610 gold (14.6K) | 50,110 | 51,510 |
| Jewelry gold price - 585 gold (14K) | 48,010 | 49,410 |
| Jewelry gold price - 416 gold (10K) | 33,780 | 35,180 |
| Jewelry gold price - 375 gold (9K) | 30,330 | 31,730 |
| Jewelry gold price - 333 gold (8K) | 26,540 | 27,940 |
| 3. SJC - Updated: 12/26/2024 04:30 - Website time of supply - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 82,300 | 84,300 |
| SJC 5c | 82,300 | 84,320 |
| SJC 2c, 1C, 5 phan | 82,300 | 84,330 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 82,300 | 84,100 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 82,300 | 84,200 |
| 99.99% Jewelry | 82,200 | 83,800 |
| 99% Jewelry | 80,470 | 82,970 |
| Jewelry 68% | 54,139 | 57,139 |
| Jewelry 41.7% | 32,098 | 35,098 |
World gold price today December 26, 2024 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 4:30 am today, Vietnam time, was 2,616.43 USD/ounce. Today's gold price has not changed compared to yesterday. Converted according to the USD exchange rate on the free market (25,840 VND/USD), the world gold price is about 82.42 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.88 million VND/tael higher than the international gold price.
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Domestic gold prices continue to follow the adjustment trend of the world gold market, which is also currently in a quiet state as the international market is less active during the year-end holiday season.
In the last two trading sessions, the world gold price has not changed much, due to the sharp decrease in trading volume as the holiday season approaches. Investors are currently waiting for more information on interest rates from the US Federal Reserve (FED) and economic policies of President-elect Donald Trump.
These factors are expected to play an important role in shaping gold prices next year. Previously, 2024 saw a sharp increase in gold prices, creating the premise for the possibility of continued price increases in 2025.
Many experts believe that the record high gold price in 2024 could lead to a new price increase in 2025. This is driven by active gold buying from central banks, geopolitical tensions, and interest rate reduction policies from the FED.
Gold price forecast
According to State Street Milling-Stanley’s forecast, in 2025, the price of gold has a 50% chance of being in the range of $2,600 - $2,900/ounce. In addition, there is a 30% chance of the price increasing to $2,900 - $3,100/ounce, and a 20% chance of decreasing to the range of $2,200 - $2,600/ounce.
Many international experts are optimistic about gold prices in 2025. UBS Bank predicts that spot gold prices could reach $2,900/ounce. Meanwhile, Goldman Sachs is more optimistic, saying that gold prices are likely to reach $3,000/ounce.
Mr. John Reade, Head of Market Research at the World Gold Council, commented that gold prices could increase to 2,750 USD/ounce as early as 2025.
Also sharing the same opinion, expert Eric Sepanek from Scottsdale Bullion & Coin company said that gold price has increased about 30% this year and forecast that it can continue to increase strongly, with the possibility of reaching the mark of 3,000 USD/ounce next year.
