Gold price on the morning of December 26, 2024: Sideways
Gold price on the morning of December 26, 2024: Both the world and domestic gold markets moved sideways, with prices remaining at the level of yesterday morning.
Domestic gold price today
Domestic gold prices are stable, with gold bar prices anchored at 82.3 million VND/tael for buying and 84.3 million VND/tael for selling. Gold rings are also stable at 82 million VND/tael for buying and 84 million VND/tael for selling. Currently, the gold prices of the brands are listed specifically as follows:
Gold bars of all brands are being bought at 82.3 million VND/tael and sold at 84.3 million VND/tael. Phu Quy SJC in particular is being bought at 100,000 VND higher than other brands.
For gold rings, the listed price of SJC 9999 gold is 82.3 million VND/tael for buying and 84.1 million VND/tael for selling, unchanged from early this morning.
DOJI in Hanoi and Ho Chi Minh City markets kept the buying and selling prices of yesterday morning at 83.3 million VND/tael and 84.3 million VND/tael.
The listed buying and selling prices of PNJ brand gold rings are at 83.6 million VND/tael and 84.3 million VND/tael.
Bao Tin Minh Chau listed the price of plain round rings at 82.5 million VND/tael for buying and 84.3 million VND/tael for selling.
Phu Quy SJC is buying gold rings at 82.9 million VND/tael and selling at 84.4 million VND/tael.
Domestic gold bar prices updated at 6:30 am on December 26 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 | 82.3 | 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
World gold prices were stable, with spot gold anchored at $2,616.43/ounce and gold futures maintained at $2,633.5/ounce.
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The global gold market continued to be quiet during the holiday season. Last week, the price of this precious metal was under strong pressure from expectations of interest rate changes after the US Federal Reserve (Fed) policy meeting. Accordingly, in the context of "persistent" inflation, the US Central Bank may slow down the rate cut roadmap next year.
While the interest rate stance is boosting the US dollar and bond yields, experts say that won't stop investors from owning gold in their portfolios.
In a recent interview with Kitco News, macro investment strategist Tom Bruce of Tanglewood Total Wealth Management said he is somewhat bullish on gold, predicting the precious metal will rise about 10% next year and stay below $3,000 an ounce.
The biggest short-term challenge for gold in 2025 will be rising real yields and strong economic growth in the U.S., he said. However, Bruce added that despite some short-term volatility due to higher real yields, gold’s long-term uptrend remains intact as central bank buying creates new momentum in the market.
He stressed that central banks have not stopped buying gold as they diversify their portfolios away from the US dollar. While gold may see slower growth next year than the nearly 30% gain in 2024, Bruce said gold remains an important asset for investors to own and recommended holding 9.5% this year.
Although most investors have shied away from gold as higher bond yields have increased the opportunity cost, Bruce said many of his clients are ready to hold gold in their portfolios in the near term.
With the domestic gold bar price stable and the world gold price listed at Kitco at 2,616.43 USD/ounce (equivalent to about 80.5 million VND/tael if converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between the domestic and world gold prices is about 3.8 million VND/tael.
