At 9:00 am, the SJC gold price was listed at 82.8-85.3 million VND per tael, a decrease of 500 thousand VND per tael compared to the previous week.
Gold ring prices also decreased by 400-800 thousand VND per tael. Specifically, SJC Company decreased by 200 thousand VND per tael for buying and 400 thousand VND per tael for selling, resulting in a range of 82.5-84.3 million VND per tael. Similarly, DOJI Group decreased their buying price by 700 thousand VND per tael and their selling price by 800 thousand VND per tael, settling at 82.9-83.9 million VND per tael.
Bao Tin Minh Chau and PNJ listed their prices at 83.18-84.28 million VND per tael and 82.9-84.4 million VND per tael, respectively. These figures represent a decrease of about 400-700 thousand VND per tael compared to the previous session.
In the international market, the spot gold price is currently at $2,629 per ounce, equivalent to about 81 million VND per tael when converted according to the current USD/VND exchange rate, excluding taxes and fees.
According to the Kitco News gold price forecast survey, the gold market may still face challenges in the short term. Despite strong growth last week, the sharp decline at the beginning of this week has raised concerns among precious metal investors. Factors that could influence gold prices this week include US economic indicators, decisions by the US Federal Reserve (Fed), and other macroeconomic events.
In the Kitco News survey, 14 analysts participated, with Wall Street sentiment divided between optimism and caution. Six experts, accounting for 43%, predicted that gold prices would rise this week, while seven analysts, or 50%, believed that gold would continue to stabilize. Only one specialist, making up 7% of the total, forecast a decline in gold prices.
Meanwhile, 199 votes were cast in the online survey, with Main Street sentiment also cooling down after last week’s gold price performance. Out of the respondents, 96 retail investors, or 48%, expected gold prices to increase this week, whereas 61 people, or 31%, predicted a decrease. The remaining 42 investors, accounting for 21%, anticipated that gold prices would remain range-bound in the near term.
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.
The Golden Question: How Much Has Gold Price Dropped in the Past Month?
This morning (December 1st), gold bar prices hovered around the 85 million VND per tael mark, while gold rings dropped to 84 million VND per tael. Over the past month, gold bar prices have fallen by nearly 4 million VND per tael.
Prime Minister Directs Action on Bank Interest Rates; Fate of B1 and B2 Driver’s Licenses
Prime Minister Calls for Lower Bank Interest Rates; Nearly VND 670,000 Billion to be Pumped into the Economy; Important Updates on the Fate of B1 and B2 Car Driving Licenses; Gold Prices Fluctuate, Leaving Many Anxious. These were the notable highlights from the past week.
“The Downfall of Gold: A Month of Global Losses”
“Gold prices edged higher during Friday’s trading session (November 29) as a slight weakening of the US dollar and heightened geopolitical tensions provided some support. However, the precious metal suffered its biggest monthly decline since September 2023, posting a sharp drop for November.”
