As of 10:00 am, SJC gold bar prices remained unchanged from yesterday’s morning session, still hovering around 82.6-85.1 million VND per tael.
SJC Gold Price Movement in the Past Month. (Chart: Cafef)
Meanwhile, gold ring prices witnessed adjustments among gold trading enterprises.
Specifically, compared to yesterday’s session, SJC Company significantly increased the buying price of gold rings by 400,000 VND per tael and the selling price by 200,000 VND per tael, reaching 83-84.5 million VND per tael.
Bao Tin Minh Chau also adjusted the buying price of gold rings upwards by 100,000 VND per tael and the selling price by 50,000 VND per tael compared to yesterday.
Conversely, Mi Hong Gold Company in Ho Chi Minh City decreased the buying price by 200,000 VND per tael and the selling price by 100,000 VND per tael, currently quoting at 83.8-84.7 million VND per tael.
DOJI Gold Company also made a significant downward adjustment of 800,000 VND per tael in the selling price compared to yesterday, maintaining the buying price, now trading at 83.6-83.8 million VND per tael.
PNJ Gold Company, however, kept their gold ring prices unchanged, still quoted at 83.6-84.7 million VND per tael.
In the international market, as per Vietnam time, gold prices are fluctuating around $2,646 per ounce, a decrease of $12 from the highest price of $2,659 per ounce during last night’s trading session. When converted according to the current VND/USD exchange rate, the world gold price is equivalent to approximately 80.7 million VND per tael.
According to Reuters, gold prices today continue to weaken under the pressure of a rising US dollar. Investors are also awaiting the outcome of the Fed’s last policy meeting of the year, with expectations of further interest rate cuts in 2025.
The Golden Opportunity: Navigating the Precious Metal’s Plunge
The morning trading session witnessed a steep decline in SJC gold prices and plain round gold ring prices. In just two days, these two gold types plummeted by up to VND 1.5 million per tael.
The Golden Question: Should You Buy Now or Hold Your Horses?
This morning (December 6th), domestic gold prices remained stagnant for the second day around the 84-85 million VND per tael mark. Experts suggest that investors may consider buying, but it is advisable to purchase in moderate quantities.
The Golden Opportunity: Unveiling the Daily Treasure
On the morning of December 2nd, domestic gold prices dipped compared to the previous week’s close. The adjustment ranged from 500,000 to 800,000 VND per tael.
The Golden Opportunity: Unveiling the SJC Gold Price and Ring Gold Price on December 5th
On the morning of December 5, the domestic gold price witnessed a slight fluctuation compared to the previous day’s rates.
Gold Prices Rise Slightly After US Jobs Report and Political Turmoil in South Korea, France
The spot gold price in New York edged higher on Tuesday (December 3) after stronger-than-expected employment data reinforced expectations of a more cautious Fed in its monetary policy easing process. In the Asian market, gold prices also ticked up following political turmoil in South Korea and France.
