LIVE UPDATE TABLE OF GOLD PRICE TODAY 12/12 and EXCHANGE RATE TODAY 12/12
| 1. PNJ - Updated: 11/12/2023 20:30 - Time of website supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 60,500 ▼200K | 61,600 ▼200K |
| HCMC - SJC | 72,800 ▼200K | 73,800 ▼300K |
| Hanoi - PNJ | 60,500 ▼200K | 61,600 ▼200K |
| Hanoi - SJC | 72,800 ▼200K | 73,800 ▼300K |
| Da Nang - PNJ | 60,500 ▼200K | 61,600 ▼200K |
| Da Nang - SJC | 72,800 ▼200K | 73,800 ▼300K |
| Western Region - PNJ | 60,500 ▼200K | 61,600 ▼200K |
| Western Region - SJC | 72,650 ▼50K | 73,750 ▼250K |
| Jewelry gold price - PNJ rings (24K) | 60,500 ▼200K | 61,500 ▼200K |
| Jewelry Gold Price - 24K Jewelry | 60,400 ▼200K | 61,200 ▼200K |
| Jewelry Gold Price - 18K Jewelry | 44,650 ▼150K | 46,050 ▼150K |
| Jewelry Gold Price - 14K Jewelry | 34,550 ▼120K | 35,950 ▼120K |
| Jewelry Gold Price - 10K Jewelry | 24,210 ▼80K | 25,610 ▼80K |
Domestic gold price on the morning of December 11 was traded by gold and silver trading companies around 74 million VND/tael.
Specifically, in the Hanoi market, DOJI Gold and Gemstone Group listed the price of SJC gold at 72.8 - 74.1 million VND/tael (buy - sell), keeping the same price for buying and selling compared to the closing price of last weekend.
Phu Quy Jewelry Group listed the price of SJC gold at 72.8 - 73.95 million VND/tael (buy - sell), keeping the same price for buying and selling compared to the closing price of last weekend.
Saigon Jewelry Company listed the price of SJC gold at 73 - 74.02 million VND/tael, an increase of 200 thousand VND/tael in buying price and keeping the same selling price compared to the closing price of the last session.
World gold prices in the Asian market were little changed in the morning trading session on December 11, after a sharp decline in the previous session, as investors waited for a number of meetings of major central banks and US inflation data, expected to be released this week, for further investment direction.
In Bengaluru, India, spot gold rose 0.1% to $2,005.85 an ounce, after falling about 3.3% last week, marking its worst week in more than two months. Meanwhile, US gold futures rose 0.3% to $2,021.90 an ounce.
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| Gold price today December 12, 2023: Gold price 'drops' important milestone, promising opportunity to hold goods, SJC gold goes down. (Source: Shutterstock) |
Summary of SJC gold prices at major domestic trading brands at the closing time of December 11:
Saigon Jewelry Company listed the price of SJC gold at 72.75 - 73.75 million VND/tael.
Doji Group currently lists the price of SJC gold at: 72.6 - 73.9 million VND/tael.
PNJ system listed at: 72.8 - 73.8 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at: 72.75 - 73.65 million VND/tael; Rong Thang Long gold brand is traded at 60.78 - 61.88 million VND/tael; jewelry gold price is traded at 60.45 - 61.65 million VND/tael.
Thus, compared to the early morning of December 11, the closing price of SJC gold in the Hanoi market listed by Saigon Jewelry Company decreased by VND250,000/tael for buying and VND270,000/tael for selling.
According to The Gioi & Viet Nam Newspaper , at 7:22 p.m. on December 11 (Vietnam time), the world gold price on Kitco was at 1,994.9 - 1,995.9 USD/ounce, down 9.6 USD/ounce compared to the previous trading session.
Converted according to the USD price at Vietcombank on December 11, 1 USD = 24,400 VND, the world gold price is equivalent to 58.67 million VND/tael, 15.08 million VND/tael lower than the selling price of SJC gold.
The market had a difficult session.
According to Kitco News , gold prices fell slightly in early trading on December 11 in the US. Gold speculators are hoping for some more friendly fundamental news with a series of important economic data this week.
According to dailyforex , the current state of the gold market is drawing attention to a key support area and there is growing anticipation that value-seeking investors will soon converge around the $2,000/ounce mark as a potential entry point.
The prospect of traders returning to the market at this point could trigger a rally to $2,025/ounce.
However, it is important to acknowledge that this market has been marked by significant volatility in recent days and the past week has proven to be quite difficult for market participants.
The $2,000 level holds special significance, having acted as a formidable resistance level in the past. In addition to its historical relevance, it also represents a psychological milestone due to its round number value. Therefore, any movement around this level should be closely monitored.
As things stand, the market appears to be stuck in a consolidation range around $50. A break above $2,000 would raise concerns about the 50-day exponential moving average, an indicator closely watched by many traders.
While the outlook for gold looks uncertain at the moment, it does not necessarily mean a complete breakdown of support levels. It is worth noting that gold has been on a long upward trajectory and the unusual events that took place in the market earlier in the week have disrupted that trend.
The possibility of gold turning bearish would come into focus if it falls below the 50-day EMA. However, gold’s trajectory is closely linked to the performance of the bond market.
Rising interest rates in the bond market will put downward pressure on gold prices and vice versa. The recent trend of bond yields has shown a significant decline, which has sparked interest in the precious metal from investors looking for safe-haven assets.
In essence, the market is facing a promising buying opportunity, but the necessary momentum has yet to materialize. The coming week is likely to be an interesting one as market participants closely monitor developments and seek clarity on the complex interplay between gold, the bond market, and prevailing economic conditions. The path forward for gold remains uncertain, but it is this uncertainty that makes it an interesting market to watch in the coming days.
Meanwhile, gold dealers in India raised discounts to a seven-month high last week to attract customers as record high domestic gold prices dampened demand.
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