Gold prices in the SJC market are currently at 82.8-85.3 million VND per tael, a decrease of 200 thousand VND per tael compared to the previous day’s close.
Gold ring prices have also been adjusted downward. SJC Company decreased by 100 thousand VND to 82.5-84.5 million VND per tael. Bao Tin Minh Chau applied the rate of 82.58-84.58 million VND per tael, a decrease of about. DOJI Group and PNJ listed the prices at 83.5-84.5 million VND and 83.3-84.3 million VND per tael, respectively.
In the international market, gold prices also reversed course and declined slightly. Spot gold is currently trading at $2,629 per ounce, equivalent to about 80.8 million VND per tael, excluding taxes and fees.
Thus, from the beginning of the week until now, spot gold prices have decreased by about $90 per ounce. Notably, in the first trading session of the week, world gold prices plummeted from $2,717 per ounce to just below $2,600 per ounce. Increasing reports suggest that Israel and Hamas may be close to reaching a ceasefire agreement. This has prompted strong profit-taking and liquidation of long weak contracts in the gold and silver futures markets on Monday. There are also reports in the market that President-elect Donald Trump may mediate a ceasefire agreement between Russia and Ukraine. Once the geopolitical tensions ease, gold’s role as a safe-haven asset will diminish.
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As of the market close on November 28, 2024, oil prices edged higher, while gold rallied as investors sought safe-haven assets. Copper prices slipped, weighed down by a stronger U.S. dollar and concerns over softening demand.
The Market on Nov 30th: Oil Slides, Gold Gains, Iron Ore Hits 1-Month High
“Oil prices fell on Nov 29, 2022, as concerns over supply risks eased. Gold rallied on a weaker dollar and geopolitical tensions. Copper prices edged higher but were still on course for a second straight monthly loss. The price of iron ore on the Dalian exchange rose on a resilient Chinese economic outlook, posting a weekly gain. Robusta coffee prices fell back after reaching their highest level in over two months. Export prices for rice rose in India and Thailand. Japanese rubber prices declined amid demand concerns.”
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The global gold price on November 28 continued to rise amid geopolitical tensions and trade war fears, driving safe-haven demand. Trading volume was also lower than expected as US stock markets were closed for the Thanksgiving holiday.
The Golden Opportunity: Unveiling the Latest SJC Gold Prices and Beyond
On the morning of November 29, domestic gold prices surged by approximately 200,000 to 500,000 VND per tael compared to the previous day’s rates, marking a significant upward shift in the market.
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Tonight, the international gold price has surged, propelling the SJC gold bar price to new heights.
