Gold rings continue to "surpass" gold bars

Báo Công thươngBáo Công thương22/12/2024

Gold bar and gold ring prices today (December 22): Gold ring and jewelry prices of all kinds decreased but with a narrower amplitude compared to the downward trend of gold bars.


At the time of survey at 10:30 a.m. on December 22, 2024, the price of gold bars on the trading floors of some companies continued to move sideways.

The price of SJC gold was listed by Saigon Jewelry Company (SJC) at 81.8 million VND/tael, sold at 83.8 million VND/tael, down 2.5 million VND/tael compared to the end of last week. The difference between the buying price and the selling price is 2.0 million VND.

Meanwhile, the price of gold rings and jewelry of all kinds decreased but with a narrower amplitude compared to the downward trend of gold bars. SJC Company traded the price of 99.99 gold rings at around VND81.8 million/tael for buying and VND83.6 million/tael for selling, down about VND1.1 million/tael compared to the end of last week.

PNJ and DOJI companies traded 99.99 gold rings at higher prices, around 83.4 million VND/tael for buying and 84.4 million VND/tael for selling.

The difference in selling price between businesses is up to millions of VND/tael.

Giá vàng miếng và vàng nhẫn hôm nay (22/12)
Gold bar and gold ring prices today (December 22). Photo PC

The world gold price closed the trading week at 2,623 USD/ounce, down about 25 USD/ounce (equivalent to about 750,000 VND/tael) compared to the end of last week. During the week, the precious metal also had a week of strong fluctuations, when at times it fell below the 2,600 USD/ounce mark after the US Federal Reserve (FED) cut interest rates by 0.25% for the third time this year, but also revealed that there would be fewer interest rate adjustments in 2025.

This development caused the USD to maintain a strong upward momentum, at times surpassing 108 points - the highest level in the past 2 years, causing pressure to reduce gold prices.

The main reasons are the buying power of central banks, the wave of interest rate cuts and the need for shelter amid global geopolitical instability. The gold rush has slowed since early November when Donald Trump was re-elected as US President, causing the USD price to increase sharply.

Last week, the Fed officially cut interest rates by another 0.25% to a range of 4.25% - 4.5%. The Fed expects to cut interest rates a total of 0.5% by the end of 2025 due to a strong labor market and slowing inflation.

According to the US report, the personal consumption expenditures (PCE) price index in November increased by only 0.1% compared to the previous month and increased by 2.4% compared to the same period last year. Excluding food and energy, the core PCE index also increased by 0.1% compared to the previous month and increased by 2.8% compared to the same period last year.

Chicago Fed President Austan Goolsbee said the latest inflation data provided optimism, adding that interest rates could still fall next year despite the Fed's cautious stance.

Analysts note that gold could face challenges in this environment and year-end holiday trading.

1. DOJI - Updated: 12/21/2024 09:21 - Source website time - / Compared to yesterday.
Type Buy Sell
AVPL/SJC HN 82,400 84,400
AVPL/SJC HCM 82,400 84,400
AVPL/SJC DN 82,400 84,400
Raw material 9999 - HN 82,800 83,500
Raw material 999 - HN 82,700 83,400
AVPL/SJC Can Tho 82,400 84,400
2. PNJ - Updated: December 22, 2024 10:00 - Time of website supply - / Compared to yesterday.
Type Buy Sell
HCMC - PNJ 83,400 84,400
HCMC - SJC 82,400 84,400
Hanoi - PNJ 83,400 84,400
Hanoi - SJC 82,400 84,400
Da Nang - PNJ 83,400 84,400
Da Nang - SJC 82,400 84,400
Western Region - PNJ 83,400 84,400
Western Region - SJC 82,400 84,400
Jewelry gold price - PNJ 83,400 84,400
Jewelry gold price - SJC 82,400 84,400
Jewelry gold price - Southeast PNJ 83,400
Jewelry gold price - SJC 82,400 84,400
Jewelry gold price - Jewelry gold price PNJ 999.9 Plain Ring 83,400
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) 76,230 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
3. AJC - Updated: 2024-12-20 00:00 - Source website time - / Compared to yesterday.
Type Buy Sell
Jewelry 99.99 8,160 8,370
99.9 Jewelry 8,150 8,360
NL 99.99 8,170
Round ring not sealed in blister T.Binh 8,150
Round, 3A, Yellow T.Bình 8,250 8,380
Round, 3A, Yellow N.An 8,250 8,380
Round N., 3A, Yellow Street, Hanoi 8,250 8,380
SJC Thai Binh pieces 8,180 8,380
SJC Nghe An pieces 8,180 8,380
SJC Hanoi Piece 8,180 8,380

Reference addresses of popular gold shops in Hanoi:

1. Bao Tin Minh Chau - 15 - 29 Tran Nhan Tong, Bui Thi Xuan, Hai Ba Trung, Hanoi

2. DOJI Gold and Gemstone Company - 5 Le Duan, Dien Bien, Ba Dinh, Hanoi

3. SJC store chain in the Northern region - 18 Tran Nhan Tong, Nguyen Du Ward, Hai Ba Trung District, Hanoi City

4. PNJ store chain in the Northern region - 222 Tran Duy Hung, Trung Hoa, Cau Giay, Hanoi

5. Phu Quy Gold and Silver - No. 30 Tran Nhan Tong, Hai Ba Trung, Hanoi

6. Ngoc Anh Gold and Silver – No. 47 Lo Duc, Pham Dinh Ho, Hai Ba Trung, Hanoi

7. Gold Quy Tung – No. 102 Khuong Dinh, Thanh Xuan, Hanoi

8. Bao Tin Lan Vy - No. 84A, Tran Duy Hung, Cau Giay, Hanoi

9. Hoang Anh Gold and Silver – No. 43 Thai Thinh, Dong Da, Hanoi

10. Huy Thanh Jewelry - No. 23/100 (old number: No. 30A, lane 8), Doi Can, Ba Dinh, Hanoi

Reference addresses of popular gold shops in Ho Chi Minh City:

1. Mi Hong Gold Shop - 306 Bui Huu Nghia, Ward 2, Binh Thanh District, HCMC

2. Kim Ngoc Thuy Gold Shop - 466 Hai Ba Trung, Tan Dinh Ward, District 1, HCMC

3. Saigon Jewelry Company Limited - 418-420 Nguyen Thi Minh Khai, Ward 5, District 3, HCMC

4. Tan Tien Jewelry - No. 161 Hanoi Highway, Thao Dien Ward, District 2, HCMC

5. Ngoc Tham Gold, Silver, Gemstones - No. 161 Hanoi Highway, Thao Dien Ward, District 2, HCMC

6. Kim Thanh Thao Gold Shop - 209 Tan Huong, Tan Quy Ward, Tan Phu District, HCMC

7. Kim Thanh Nam Gold Shop - 81A, Nguyen Duy Trinh, Binh Trung Tay Ward, District 2, HCMC

8. Kim Mai Gold Shop - 84C, Cong Quynh, Pham Ngu Lao Ward, District 1, HCMC

9. PNJ chain stores in the Southern region - Booth R011838, Ground floor, Diamond Plaza Shopping Center, 34 Le Duan, Ben Nghe Ward, District 1, HCMC

10. DOJI Gold and Gemstone Company – 81-85 Ham Nghi, Nguyen Thai Binh Ward, District 1, HCMC



Source: https://congthuong.vn/gia-vang-mieng-va-vang-nhan-hom-nay-2212-vang-nhan-tiep-tuc-vuot-mat-vang-mieng-365536.html

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