Gold price list on the morning of December 19: SJC gold bars fell from the 84 million VND mark and quickly reversed

Summary The gold bar market opened on December 19, down more than 1 million VND/tael to below the mark of 84 million VND/tael when the world gold price fell from the threshold of 2,600 USD. Soon after, when the world rebounded above the 2600 USD mark, SJC seized the opportunity and regained a small portion of the loss. After landing below the 2,600 USD/ounce mark of world gold prices, SJC gold bars early this morning decreased by 1.2 million VND/tael, bringing the buying price below the 82 million VND mark and the selling price to 83.9 million VND/tael – lowest since November 18, 2024. Responding to the recovery of world gold afterward, domestic gold bars also quickly increased and regained the mark of 84 million VND. However, in this price range, gold bars are still down millions of dong compared to the end of yesterday and have not escaped the 1-month bottom. Notably, during today's sharp decline, SJC's buying-selling gap remained the same as yesterday at 2 million VND. Businesses in the previous session anchored the buying - selling difference at 2.5 million VND, but today also adjusted the price to a smaller decrease on the buying side, in order to narrow the gap between the two prices. The lower the buying - selling distance, the more limited the risk to investors and vice versa. Updated at 10:00 a.m. on December 19, SJC Ho Chi Minh gold bars listed buying and selling transactions at 82.1 - 84.1 million VND/tael, up 200,000 VND/tael compared to the opening price on the same day and down 1 million VND/tael compared to the closing date of December 18. Similarly, at Bao Tin Minh Chau , gold bars bought and sold currently stand at 82.1 - 84.1 million VND/tael, up 200,000 VND compared to the opening price and down 1 million VND/tael compared to the closing price. Wednesday. Doji Hanoi and Doji Ho Chi Minh also currently list the buying and selling price of gold bars at 82.1 - 84.1 million VND/tael, an increase of 200,000 VND compared to the early morning. Compared to yesterday's closing session, the buying price decreased by 500,000 VND, the selling price decreased by 1 million VND/tael, bringing the difference between buying and selling to 2 million VND. Along with the same trend, gold bars in Phu Quy currently have buying and selling prices standing at 82.1 - 84.1 million VND/tael, up 200,000 VND compared to the opening price but down 500,000 VND on the buying side and 1 million VND/tael selling afternoon compared to the end of yesterday. At state-owned commercial banks , gold bar prices are also gradually adjusting according to the general market. Currently, BIDV recorded a decrease of 1 million VND/tael compared to the previous session, bringing the selling price to 84.1 million VND/tael. At Vietinbank, gold bar purchases decreased by 500,000 VND, sales decreased by 1 million VND compared to Tuesday's closing session, bringing the transaction down to 82.1 - 84.1 million VND/tael. On the international market , the spot gold price closing the US session on December 18 decreased by 2.1% to 2,589.9 USD/ounce - the lowest in 1 month after the US Federal Reserve (Fed) lowered interest rates as follows expected but said it would slow down the pace of cutting borrowing costs, thereby pushing up the USD and bond yields - putting pressure on precious metals. At the present time (10am, Vietnam time), world gold is trading at 2613 USD/ounce, the price after conversion plus taxes and fees reaches 82.02 million VND/tael, lower than SJC 2 gold bars, 08 million VND - slight change compared to 2.11 million VND yesterday morning.

Gold price list on the morning of December 19: SJC gold bars fell from the 84 million VND mark and quickly reversed

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