Gold price today, November 28, 2024, recorded that the world continued to maintain its upward momentum, increasing its attractiveness thanks to many factors. Economic expert Pham Tuan Anh said that when the gold price drops, people should stay calm, if not really necessary, wait for the price to recover and then sell gold.
| 1. PNJ - Updated: 11/28/2024 01:16 - Website time of supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 83,500 | 84,500 |
| HCMC - SJC | 83,000 | 85,500 |
| Hanoi - PNJ | 83,500 | 84,500 |
| Hanoi - SJC | 83,000 | 85,500 |
| Da Nang - PNJ | 83,500 | 84,500 |
| Da Nang - SJC | 83,000 | 85,500 |
| Western Region - PNJ | 83,500 | 84,500 |
| Western Region - SJC | 83,000 | 85,500 |
| Jewelry gold price - PNJ | 83,500 | 84,500 |
| Jewelry gold price - SJC | 83,000 | 85,500 |
| Jewelry gold price - Southeast | PNJ | 83,500 |
| Jewelry gold price - SJC | 83,000 | 85,500 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,500 |
| Jewelry gold price - Jewelry gold 999.9 | 83,400 | 84,200 |
| Jewelry gold price - Jewelry gold 999 | 83,320 | 84,120 |
| Jewelry gold price - Jewelry gold 99 | 82,460 | 83,460 |
| Jewelry gold price - 916 gold (22K) | 76,730 | 77,230 |
| Jewelry gold price - 750 gold (18K) | 61,900 | 63,300 |
| Jewelry gold price - 680 gold (16.3K) | 56,010 | 57,410 |
| Jewelry gold price - 650 gold (15.6K) | 53,480 | 54,880 |
| Jewelry gold price - 610 gold (14.6K) | 50,110 | 51,510 |
| Jewelry gold price - 585 gold (14K) | 48,010 | 49,410 |
| Jewelry gold price - 416 gold (10K) | 33,780 | 35,180 |
| Jewelry gold price - 375 gold (9K) | 30,330 | 31,730 |
| Jewelry gold price - 333 gold (8K) | 26,540 | 27,940 |
Update gold price today 11/28/2024
Domestic gold prices reversed and increased strongly in the trading session on November 27.
For SJC gold, the buying price increased from 100,000 VND to 400,000 VND/tael. The selling price increased from 100,000 VND to 300,000 VND/tael.
Specifically, SJC gold is at 83 million VND/tael for buying (up 300,000 VND); 85.5 million VND/tael for selling (up 300,000 VND).
DOJI gold in Hanoi and Ho Chi Minh City are both at: 82.8 million VND/tael for buying (up 100,000 VND); 85.3 million VND/tael for selling (up 100,000 VND). PNJ gold in Hanoi is at 83.5 million VND/tael for buying and 84.5 million VND/tael for selling.
For ring gold, Saigon Jewelry Company (SJC) listed the price of ring gold type 1-5 at only 82.6-84.5 million VND/tael (buy - sell), an increase of 200 thousand VND in the buying direction and 100 thousand VND more expensive in the selling direction compared to early this afternoon.
Doji Gold and Gemstone Group also increased by 300 thousand VND in both buying and selling prices compared to the listed price early this afternoon with the price of 9999 gold rings, trading at 83.8-84.8 million VND/tael (buy - sell).
The selling price of SJC gold at 4 State-owned commercial banks (Agribank, BIDV, Vietcombank and Vietinbank) also increased by 200,000 VND, listed at 85.5 million VND/tael.
World gold prices continue to rise, increasing their attractiveness thanks to many factors.
According to the World and Vietnam Newspaper at 6:30 p.m. on November 27, the world gold price on the Kitco exchange was at 2,646 - 2,647 USD/ounce, up 13 USD compared to the previous trading session.
Precious metals increased thanks to investors buying at the bottom, however, the level was not much but in an exploratory and cautious direction.
In addition, the US dollar index, which measures the strength of the greenback against a basket of major currencies, fell 0.3%, increasing the attractiveness of gold to buyers holding other currencies.
Experts say Trump’s personnel and policy decisions will put pressure on the US Federal Reserve, increase the deficit, raise tariffs or raise concerns about the financial sustainability of the US. All of these could support gold prices.
Investors are now turning their attention to key U.S. inflation data for clues on the likelihood of a Fed rate cut next month. According to CME Group's FedWatch tool, the market is pricing in a 63% chance of a 25 basis point rate cut in December.
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| Gold price today November 28, 2024: Gold price keeps pace, experts 'advise' when to buy for storage or investment, should not follow the trend. (Source: Kitco) |
Summary of gold prices at major domestic trading brands at closing times of trading session on the afternoon of November 27:
Saigon Jewelry Company SJC: SJC gold bars 83 - 85.5 million VND/tael.
Doji Group: SJC gold bars 83 - 85.5 million VND/tael.
PNJ system: SJC gold bars 83 - 85.5 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 83 - 85.5 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 83 - 85.5 million VND/tael.
Avoid buying and selling according to trends.
A report by Swiss bank UBS said that gold prices will continue to fluctuate in the short term "amid conflicting signals about inflation, interest rates, geopolitics and upcoming US trade policy".
However, UBS analysts said that gold prices still have room to increase in the long term.
“We see room for gold prices to rise, with a target price of $2,900/oz by the end of 2025. Gold remains a useful hedge against geopolitical risks and fiscal concerns,” the report said.
For the Vietnamese market, gold expert Tran Duy Phuong said that the price reduction is a good opportunity for investors who want to buy for storage or investment.
This expert emphasized: "We should divide the money and buy gradually instead of rushing to buy all at once. Those who want to sell gold should also consider. In recent days, I have seen many people come to sell gold. Buyers do not dare to invest at this time because they predict that the price of gold will continue to decrease.
I think investors should consider. If we need money and previously bought at a price of about 60 - 70 million VND/tael, we can sell to make a profit; but if it is not really necessary, we should wait for the right time when the gold price recovers."
Economist Pham Tuan Anh said that when the gold price drops, people should stay calm. If it is not really necessary, wait for the price to recover and then sell gold.
At a time when everyone is selling gold in large quantities, the price will certainly not be good. Especially for those who have bought recently, selling gold now will result in a loss or not much profit margin.
He emphasized: "Remember that gold always increases in price over time. Today's drop in gold price is only temporary, maybe next month or after Tet the price will increase. Therefore, avoid buying and selling according to trends."
Source: https://baoquocte.vn/gia-vang-hom-nay-28112024-gia-vang-giu-nhip-chuyen-gia-mach-thoi-diem-mua-tich-tru-hay-dau-tu-khong-nen-theo-phong-trao-295304.html
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