Market

Gold price on the morning of December 26, 2024: Sideways

Quoc Duong DNUM_CGZBCZCACE 07:45

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 bars at VND82.3 million/tael for buying and VND84.3 million/tael for selling. Gold rings are also stable at VND82 million/tael for buying and VND84 million/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.

Giá vàng sáng ngày 26/12/2024: Đi ngang

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 the same as 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 VND 83.6 million/tael and VND 84.3 million/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 a.m. December 26 as follows:

Gold price todayDecember 26, 2024
(million dong)
Difference
(thousand dong/tael)
BuySellBuySell
SJC in Hanoi82.384.3--
DOJI Group82.384.3--
Red Eyelashes82.384.3--
PNJ82.384.3--
Vietinbank Gold-84.3--
Bao Tin Minh Chau82.384.3--
Bao Tin Manh Hai82.384.3--
1.DOJI- Updated: 2024-12-26 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
AVPL/SJC HN82,30084,300
AVPL/SJC HCM82,30084,300
AVPL/SJC DN82,30084,300
Raw material 9999 - HN83,20083,400
Raw material 999 - HN83,10083,300
AVPL/SJC Can Tho82,30084,300
2.PNJ- Updated: 2024-12-26 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ83,60084,300
HCMC - SJC82,30084,300
Hanoi - PNJ83,60084,300
Hanoi - SJC82,30084,300
Da Nang - PNJ83,60084,300
Da Nang - SJC82,30084,300
Western Region - PNJ83,60084,300
Western Region - SJC82,30084,300
Jewelry gold price - PNJ83,60084,300
Jewelry gold price - SJC82,30084,300
Jewelry gold price - SoutheastPNJ83,600
Jewelry gold price - SJC82,30084,300
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring83,600
Jewelry gold price - Jewelry gold 999.983,40084,200
Jewelry gold price - Jewelry gold 99983,32084,120
Jewelry gold price - Jewelry gold 9982,46083,460
Jewelry gold price - 916 gold (22K)76,23077,230
Jewelry gold price - 750 gold (18K)61,90063,300
Jewelry gold price - 680 gold (16.3K)56,01057,410
Jewelry gold price - 650 gold (15.6K)53,48054,880
Jewelry gold price - 610 gold (14.6K)50,11051,510
Jewelry gold price - 585 gold (14K)48,01049,410
Jewelry gold price - 416 gold (10K)33,78035,180
Jewelry gold price - 375 gold (9K)30,33031,730
Jewelry gold price - 333 gold (8K)26,54027,940
3. SJC - Updated: 12/26/2024 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG82,30084,300
SJC 5c82,30084,320
SJC 2c, 1c, 5c82,30084,330
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi82,30084,100
SJC 99.99 gold ring 0.3 chi, 0.5 chi82,30084,200
Jewelry 99.99%82,20083,800
Jewelry 99%80,47082,970
Jewelry 68%54,13957,139
Jewelry 41.7%32,09835,098

World gold price today

World gold prices were stable, with spot gold anchored at $2,616.43/ounce and gold futures remaining at $2,633.5/ounce.

image(2).png

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.

Although the interest rate stance is boosting the US dollar and bond yields, experts still say that will not 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 that 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 U.S. 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 at Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 3.8 million VND/tael.

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Gold price on the morning of December 26, 2024: Sideways
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