Gold price today December 28, 12: gold rings “exceed”, 2024 600 more expensive than SJC coins

Gold Ring Price There is little change in the country today.

Open negotiation sessionh, Saigon Jewelry Company (SJC) listed the price of gold rings of types 1 to 5 at only 82.7-84.5 million VND/tael (buy – sell), unchanged from the end of the session stock exchange translated yesterday.

And Gold, Silver and Gemstone Doji Group Early this morning, the price of 9999 gold ring was held at the closing level of the session on December 24, trading around the price range of 12 to 83 .3 million VND/tael (purchase – sale).

SJC and Doji gold ring price list updated on the morning of October 28

Trading session opened on August 28the price of SJC 9999 gold remained unchanged from yesterday’s trading session, at 84.7 million VND/tael (sold).

The 9999 gold price was announced by Saigon Jewelry Company Limited (SJC) at 8:07 a.m. and the 9999 gold price was announced by Doji Jewelry Group at the end of the session on December 24 as follows:

SJC and Doji Gold Bar Price List updated on the morning of November 28

Central exchange rate as of September 28, 12 announced by the State Bank at 24.322 VND/USD, unchanged from the previous trading session. The price of the dollar in commercial banks this morning (July 12) was generally quoted at 25.208 VND/USD (buy) and 25.538 VND/USD (sell).

Until 9:06 a.m. today (March 28, Vietnam time)world gold price spot delivery at 2,620.3 USD/ounce, up 2 USD/ounce from yesterday evening. The gold futures price for December 2025 on the Comex New York floor is 2,631.9 USD/ounce.

Morning of June 28the world gold converted to the USD bank price is more than 81.5 million VND/tael including taxes and fees, which is about 3.2 million VND/tael lower than the domestic gold price.

At the end of the session on December 27, the price of gold bars at SJC closed between 12 and 82.7 million VND/tael (sold), an increase of 84.7,200 VND/tael at buying and selling compared to the close of the previous session. session.

The price of SJC’s 1-5 wire gold ring is listed at 82.7 million to 84.5 million VND/tael (purchase – sale), an increase of 200 thousand VND/tael when buying and selling. the sale relative to the immediately preceding closing level.

The price of the 9999 gold ring in Doji is trading between 83.3 and 84.3 million VND/tael (buy – sell).

The global spot gold price settled at USD 2,615/ounce, down 0.69%. The gold futures price for February 2025 on Comex New York is 2.637 USD/ounce.

The US gold market opened after Christmas, with rare trading. Meanwhile, some other markets like London (UK) are still closed. Global gold prices fell amid rising bond yields.

The 10-year bond yield rose above 4.6%, reaching its highest level since May. The dollar remained at a high level of more than 5 points. Crude oil futures prices on Nymex rose slightly and traded around USD 108/barrel.

The gold market is sensitive to rising bond yields, which increases the opportunity cost of gold. Yields on 10-year bonds continue to respond to expectations that higher inflation will force the Federal Reserve (Fed) to limit its monetary policy actions next year, according to some analysts.

Last week, the central bank indicated at its final monetary policy meeting of 2024 that it only planned to cut interest rates twice next year. Before the meeting, the market was expecting four interest rate cuts.

The number of Americans filing new unemployment claims fell last week to its lowest level in a month, according to newly released data, in line with a slowing but still strong U.S. job market.

Gold Price Prediction

In a recent interview with Kitco News, Tom Bruce, macro investment strategist at Tanglewood Total Wealth Management, said 10-year bond yields are at an all-time low and could exceed 5% by 2025.

Similarly, Wells Fargo expects 10-year bond yields to reach 5% in the new year.

Even though the recovering economy and persistent inflation favor rising bond yields, some analysts note that the enormous debt of the U.S. government could push yields higher.

TD Securities forecasts that spot gold prices will reach $2.675 per ounce in the first quarter of 2025 and peak at $2.700 per ounce in the second quarter, before falling to $2.625 per ounce in the two other quarters of the year.