On the morning of December 16, gold bar prices adjusted in opposite directions at gold houses, but they were all anchored high near the old peak set at the end of November.

At Saigon Jewelry Company (SJC), gold price decreased slightly by 150,000 VND in both directions compared to yesterday , corresponding to 73.35 million VND on the buying side and 74.35 million VND on the selling side. Meanwhile, DOJI Jewelry Group slightly raised the price of gold bars to 73.2 - 74.4 million VND, 200,000 VND away from the record level.

This morning, gold rings and jewelry at major gold brands also decreased slightly by 150,000 VND compared to yesterday. At SJC, plain round rings 1-5 are only listed for 60.8 - 61.85 million, down 150,000 VND; 9999 gold jewelry decreased to 60.7 - 61.55 million VND. DOJI also lists plain round rings for 61.25 - 62.25 million VND; 9999 gold jewelry bought for 60.85 - 62 million.

Domestic gold price in the last three days has been high, according to world developments. Precious metal prices on the international market soared after the US Federal Reserve (Fed) announced that it would keep interest rates unchanged for the third consecutive time, and it is expected that interest rates at the end of next year will be lower than currently. Estimates by Fed officials show that the reference interest rate could decrease by 0.75% from the current 5.25-5.5%.

Closing the weekend session, spot gold price was at 2,019 USD per ounce, equivalent to 59.4 million VND per tael if converted according to Vietcombank selling exchange rate. The domestic price of gold bars is 14.9 million VND higher than the world's while the price of gold rings is 2.5-3 million VND higher.

The USD Index, which measures the strength of the greenback, is still trading around 101-102 points, the lowest in 3 months. Domestically, bank exchange rates and on the free market remain stable, without significant fluctuations. At the end of the week, the USD trading price at Vietcombank was around 24,040 - 24,410 VND.

QuynhTrang