Gold Ring and Gold Bar Prices on December 13th

As of the closing session on December 13, domestic gold prices remained unchanged from the morning and increased compared to the previous day’s close.

For gold bars, companies SJC, PNJ, DOJI, and Bao Tin Minh Chau quoted prices at 154.3-156.3 million VND/tael, up 700,000 VND/tael from the previous day’s close. Bao Tin Manh Hai saw the same increase and continued to offer higher purchase prices, trading at 154.4 – 156.3 million VND/tael.

For gold rings, SJC listed buying and selling prices at 151.1 – 153.6 million VND/tael, up 600,000 VND/tael. PNJ and DOJI listed buying and selling prices at 151.5 – 154.5 million VND/tael, up 900,000 VND/tael on both sides. Gold rings at Bao Tin Minh Chau were bought and sold at 152.3 – 155.3 million VND/tael, up 500,000 VND/tael.

Kim Gia Bao gold rings at Bao Tin Manh Hai traded at 152.3 – 155.3 million VND/tael, up 500,000 VND/tael from the previous day’s close.

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In the latest update this morning, domestic gold prices rose across the board compared to yesterday’s close.

For gold bars, companies SJC, PNJ, DOJI, and Bao Tin Minh Chau quoted prices at 154.3-156.3 million VND/tael, up 700,000 VND/tael from the previous day’s close. Bao Tin Manh Hai saw the same increase and continued to offer higher purchase prices, trading at 154.4 – 156.3 million VND/tael.

For gold rings, SJC listed buying and selling prices at 151.1 – 153.6 million VND/tael, up 600,000 VND/tael. PNJ and DOJI listed buying and selling prices at 151.5 – 154.5 million VND/tael, up 900,000 VND/tael on both sides. Gold rings at Bao Tin Minh Chau were bought and sold at 152.3 – 155.3 million VND/tael, up 500,000 VND/tael.

Kim Gia Bao gold rings at Bao Tin Manh Hai traded at 152.5 – 155.5 million VND/tael, up 700,000 VND/tael from the previous day’s close.

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At the opening session on December 13, domestic gold prices showed little change from the previous day’s close.

For gold bars, companies SJC, PNJ, DOJI, and Bao Tin Minh Chau quoted prices at 153.6-155.6 million VND/tael. Bao Tin Manh Hai continued to offer higher purchase prices, trading at 153.7 – 155.6 million VND/tael.

For gold rings, SJC listed buying and selling prices at 150.5 – 153 million VND/tael. PNJ and DOJI listed buying and selling prices at 150.6 – 153.6 million VND/tael. Gold rings at Bao Tin Minh Chau were bought and sold at 151.8 – 154.8 million VND/tael.

Kim Gia Bao gold rings at Bao Tin Manh Hai traded at 151.8 – 154.8 million VND/tael.

The buying-selling spread for gold bars remained at around 2 million VND/tael, while gold rings had a spread of 2.5 – 3 million VND/tael. Currently, domestic gold prices are approximately 18 million VND/tael higher than international prices.

Global gold prices closed the final session of the week at $4,299/ounce, up 2.4% from the previous week’s close and reaching a seven-week high.

Gold prices surged, supported by a weaker dollar, expectations of further Fed rate cuts, and safe-haven demand amid geopolitical tensions.

The USD is currently hovering near its two-month low and is heading for its third consecutive weekly decline, making gold more attractive when converted into USD.

“The sharp rise in U.S. weekly jobless claims, as well as tensions between the U.S. and Venezuela, are supporting gold prices and keeping safe-haven demand high,” said Zain Vawda, analyst at MarketPulse, OANDA.

Last week, U.S. jobless claims rose the most in nearly four and a half years, reversing the sharp decline of the previous week.

The U.S. Federal Reserve cut interest rates by 25 basis points for the third time this year on Wednesday but remained cautious about further cuts.

Investors are now predicting two rate cuts next year, and next week’s U.S. non-farm payrolls report could provide further clues about the Fed’s future policy path.

If economic activity weakens, forcing the Fed to cut rates aggressively in the new year, it will create new upward momentum for gold prices.

On the geopolitical front, the U.S. is preparing to seize more Venezuelan oil tankers following the seizure of one earlier this week. Meanwhile, peace negotiations between Russia and Ukraine remain stalled.