Gold prices on the morning of December 26, 2024: Unchanged
Gold prices on the morning of December 26, 2024: Both the global and domestic gold markets remained stable, with prices pegged at the levels seen early yesterday morning.
Domestic gold prices today
Domestic gold prices remain stable, with gold bars pegged at 82.3 million VND/ounce for buying and 84.3 million VND/ounce for selling. Gold rings also remain stable above 82 million VND/ounce for buying and 84 million VND/ounce for selling. Currently, the listed prices for gold from various brands are as follows:
Gold bars from various brands are being bought at 82.3 million VND/ounce and sold at 84.3 million VND/ounce. Phu Quy SJC, however, is buying at a price 100,000 VND higher than other brands.
For gold rings, the listed price of SJC 9999 gold is 82.3 million VND/ounce for buying and 84.1 million VND/ounce for selling, unchanged compared to early yesterday morning.
DOJI in Hanoi and Ho Chi Minh City maintained the same buying and selling prices as early yesterday morning at 83.3 million VND/ounce and 84.3 million VND/ounce respectively.
The buying and selling prices of PNJ branded gold rings are listed at VND 83.6 million/ounce and VND 84.3 million/ounce, respectively.
Bao Tin Minh Chau listed the price of plain gold rings at 82.5 million VND/ounce for buying and 84.3 million VND/ounce for selling.
Phu Quy SJC is currently buying gold rings at 82.9 million VND/ounce and selling them at 84.4 million VND/ounce.
The price of domestic gold bars, updated at 6:30 AM on December 26th, is as follows:
| Gold price today | December 26, 2024 (Million VND) | Difference (thousand dong/ounce) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 82.3 | 84.3 | But | But |
| DOJI Group | 82.3 | 84.3 | But | But |
| Mi Hong | 82.3 | 84.3 | But | But |
| PNJ | 82.3 | 84.3 | But | But |
| Vietinbank Gold | But | 84.3 | But | But |
| Bao Tin Minh Chau | 82.3 | 84.3 | But | But |
| Bao Tin Manh Hai | 82.3 | 84.3 | But | But |
| 1.DOJI- Updated: 26/12/2024 04:30 - Website time of the supplier - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 82,300 | 84,300 |
| AVPL/SJC HCM | 82,300 | 84,300 |
| AVPL/SJC DN | 82,300 | 84,300 |
| Ingredients 9999 - HN | 83,200 | 83,400 |
| Ingredients 999 - HN | 83,100 | 83,300 |
| AVPL/SJC Can Tho | 82,300 | 84,300 |
| 2.PNJ- Updated: 26/12/2024 04:30 - Website time of the supplier - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| Ho Chi Minh City - PNJ | 83,600 | 84,300 |
| Ho Chi Minh City - 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 |
| Gold jewelry prices - PNJ | 83,600 | 84,300 |
| Gold jewelry prices - SJC | 82,300 | 84,300 |
| Gold jewelry prices - Southeast Vietnam | PNJ | 83,600 |
| Gold jewelry prices - SJC | 82,300 | 84,300 |
| Gold jewelry prices - Gold jewelry prices | PNJ Plain Ring 999.9 | 83,600 |
| Gold jewelry prices - 999.9 gold jewelry | 83,400 | 84,200 |
| Gold jewelry prices - 999 gold jewelry | 83,320 | 84,120 |
| Gold jewelry prices - 99% pure gold jewelry | 82,460 | 83,460 |
| Jewelry gold price - 916 (22K) gold | 76,230 | 77,230 |
| Jewelry gold price - 750 (18K) gold | 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 prices - 585 Gold (14K) | 48,010 | 49,410 |
| Jewelry gold price - 416 Gold (10K) | 33,780 | 35,180 |
| Jewelry gold price - 375 (9K) gold | 30,330 | 31,730 |
| Jewelry gold price - 333 Gold (8K) | 26,540 | 27,940 |
| 3. SJC - Update: 26/12/2024 04:30 - Time on source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 82,300 | 84,300 |
| SJC 5c | 82,300 | 84,320 |
| SJC 2c, 1C, 5 phân | 82,300 | 84,330 |
| SJC 99.99 gold rings, 1 tael, 2 taels, 5 taels. | 82,300 | 84,100 |
| SJC 99.99 gold rings, 0.3 tael, 0.5 tael | 82,300 | 84,200 |
| 99.99% Authentic Jewelry | 82,200 | 83,800 |
| 99% Jewelry | 80,470 | 82,970 |
| Jewelry 68% | 54,139 | 57,139 |
| Jewelry 41.7% | 32,098 | 35,098 |
Today's world gold price
Global gold prices remained stable, with spot gold pegged at $2,616.43 per ounce and gold futures holding steady at $2,633.5 per ounce.
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The global gold market remained quiet during the holiday season. Last week, the price of the precious metal was under strong pressure due to expectations of interest rate changes following the US Federal Reserve's policy meeting. Accordingly, amidst persistent inflation, the US central bank may slow its interest rate cuts next year.
Although interest rate stances are boosting the US dollar and bond yields, experts still believe that this will not deter investors from holding gold in their portfolios.
In a recent interview with Kitco News, Tom Bruce, macro investment strategist at Tanglewood Total Wealth Management, said he is somewhat optimistic about gold, forecasting that the price of the precious metal will rise by about 10% over the next year and remain below $3,000 per ounce.
He stated that the biggest short-term challenge for gold in 2025 will be rising real yields and strong economic growth in the US. However, Bruce added that, despite some short-term volatility due to higher real yields, the long-term upward trend for gold remains intact as central bank gold purchases create new momentum in the market.
He emphasized that central banks have not stopped buying gold as they diversify their portfolios away from the US dollar. Although gold may experience slower growth next year compared to the nearly 30% increase in 2024, Bruce said gold remains an important asset for investors to own and encouraged a 9.5% holding this year.
Although most investors have steered clear of gold because higher bond yields have increased opportunity costs, Bruce says many of his clients are prepared to hold gold in their portfolios in the near future.
With domestic gold bar prices stable and world gold prices listed on Kitco at $2,616.43/ounce (equivalent to approximately 80.5 million VND/ounce if converted using the Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 3.8 million VND/ounce.