Buzz
With regular updates on gold prices every day, one can easily observe the complex and unstable nature of year-end gold prices. The selling price can drop to 55.35 million VND/tael or rise to 56.7 million VND/tael, and currently, it has dipped to 56.5 million VND/tael. Let's explore the year-end gold market together with Mytour to gain a comprehensive understanding and decide whether buying gold at the end of the year is a good choice.
Should you buy gold today? The current gold price is above 56 million VND/tael.
1. Today's Gold Prices
| Vàng | Mua | Bán |
| SJC Long Xuyên | 55,870 | 56,450 |
| SJC Cà Mau | 55,850 | 56,420 |
| SJC Miền Tây | 55,850 | 56,400 |
| SJC Biên Hòa | 55,850 | 56,400 |
| SJC Quãng Ngãi | 55,850 | 56,400 |
| SJC Đà Nẵng | 55,850 | 56,420 |
| SJC Bạc Liêu | 55,850 | 56,420 |
| SJC Hà Nội | 55,850 | 56,420 |
| SJC HCM | 55,850 | 56,400 |
| SJC Nha Trang | 55,850 | 56,420 |
| SJC Bình Phước | 55,830 | 56,420 |
| SJC Quảng Nam | 55,830 | 56,420 |
| SJC Hạ Long | 55,830 | 56,420 |
| SJC Phan Rang | 55,830 | 56,420 |
| SJC Quy Nhơn | 55,830 | 56,420 |
| SJC Huế | 55,820 | 56,430 |
| SJC nhẫn 99,99 1 chỉ, 2 chỉ, 5 chỉ HCM | 54,700 | 55,250 |
| SJC nhẫn 99,99 0,5 chỉ HCM | 54,700 | 55,350 |
| SJC 18K HCM | 39,442 | 41,442 |
| SJC 14K HCM | 30,247 | 32,247 |
| SJC 10K HCM | 21,108 | 23,108 |
| DOJI | ||
| DOJI AVPL / buôn Hà Nội | 55,900 | 56,300 |
| DOJI AVPL / Hà Nội | 55,900 | 56,300 |
| DOJI AVPL / ĐN buôn | 55,900 | 56,350 |
| DOJI AVPL / ĐN | 55,850 | 56,400 |
| DOJI AVPL / buôn HCM | 55,800 | 56,400 |
| DOJI AVPL / CT buôn | 55,800 | 56,400 |
| DOJI AVPL / CT | 55,800 | 56,400 |
| DOJI AVPL / HCM | 55,800 | 56,400 |
| DOJI 99.99 Nhẫn HTV | 5,425 | 5,520 |
| DOJI 99.9 Nhẫn HTV | 5,415 | 5,510 |
| DOJI 99 Nhẫn HTV | 5,345 | 5,475 |
| DOJI 18k Nhẫn HTV | 4,040 | 4,240 |
| DOJI 16k Hà Nội | 3,745 | 4,045 |
| DOJI 68 Nhẫn HTV | 3,745 | 4,045 |
| DOJI Nữ Trang 14k HCM | 3,040 | 3,240 |
| DOJI 14k Hà Nội | 3,040 | 3,240 |
| DOJI 14k Nhẫn HTV | 3,040 | 3,240 |
| DOJI 68 HCM | 2,718 | 2,788 |
| DOJI 10k Nhẫn HTV | 1,426 | 1,576 |
| Vàng SJC tại một số ngân hàng | ||
| SCB | 56,050 | 56,350 |
| VIETINBANK GOLD | 55,850 | 56,420 |
| MARITIME BANK | 55,500 | 56,700 |
| SACOMBANK | 52,000 | 53,300 |
| SHB | 41,300 | 41,820 |
| Vàng SJC các tổ chức lớn | ||
| PHÚ QUÝ SJC | 55,950 | 56,300 |
| Mi Hồng SJC | 55,950 | 56,300 |
| PNJ SJC | 55,850 | 56,400 |
| PNJ 1L | 54,750 | 55,250 |
| Các thương hiệu vàng khác | ||
| PNJ Nhẫn 24K | 54,750 | 55,250 |
| Nhẫn SJC 99,99 | 54,700 | 55,250 |
| Mi Hồng 999 | 54,550 | 54,900 |
| Nhẫn PHÚ QUÝ 24K | 54,400 | 55,100 |
| PNJ NT 24K | 54,150 | 54,950 |
| Mi Hồng 985 | 53,550 | 54,550 |
| Mi Hồng 980 | 53,350 | 54,350 |
| PNJ NT 18K | 39,960 | 41,360 |
| Mi Hồng 759 | 36,600 | 38,600 |
| Mi Hồng 680 | 33,700 | 35,400 |
| Mi Hồng 610 | 32,700 | 34,400 |
| PNJ NT 14K | 30,900 | 32,300 |
| PNJ NT 10K | 21,610 | 23,010 |
Update on the latest gold price chart (Unit: Million VND/tael)
Through the chart, you can easily see:
- Gold prices for SJC in HCM, Hanoi, Bac Lieu, Ha Long, Nha Trang, Binh Phuoc, Quy Nhon... at the current moment are buying at 55.85 million VND/tael and selling at 56.4 million VND/tael.
- DOJI AVPL/ Hanoi's gold prices at the current moment are buying at 55.9 million VND/tael and selling at 56.3 million VND/tael.
2. Gold Price Chart
Gold Price Chart for SJC from 20/12/2020 to 20/1/2021 (1 month)
Gold Price Chart for SJC from 20/1/2020 to 20/1/2021 (1 year)
3. Gold Price Fluctuations - What Causes Them?
Although Vietnam has overcome the Covid-19 pandemic, it continues to ravage the world. This is one of the factors contributing to the complex and unpredictable fluctuations in gold prices. Additionally, the gold market is influenced by various factors such as:
- USD: According to experts, when the USD depreciates, gold, considered a safe investment, becomes more attractive, bringing numerous value benefits.
4. Should You Buy Gold at the End of the Year?
Is it advisable to buy gold today? Despite a decrease of approximately 7,000,000 VND/tael compared to August 2020, the year-end gold prices remain high, with selling prices at 56.45 million VND/tael and buying prices at 55.90 million VND/tael. This is more than 11 million VND/tael higher than the beginning of the year. Given this unpredictable trend, caution and thorough analysis are essential in deciding whether to buy gold today or not.
Exploring and Analyzing the Gold Market
Gold prices fluctuate unusually depending on oil prices, the Covid-19 situation, gold supply sources, and oil prices. Investing in gold at the end of the year carries significant risks. Investment experts need to regularly update gold prices to choose the right time to invest. Those without experience in gold investment should avoid it. Therefore, when deciding to buy gold, careful market analysis and consideration of factors affecting gold prices are crucial for making informed choices.
Limited Gold Buying and Selling Transactions
According to research, the ratio of buying and selling gold at the end of the year at gold shops is moderate, similar to previous months. This indicates that many customers are cautious due to the complex nature of gold fluctuations.
5. Best Time to Buy Gold in the Year
When is the best time to buy gold? The gold market is still influenced by factors like gold and the Covid-19 pandemic. According to updates, the USD is decreasing, and the U.S. presidential election is also impacting gold prices.
Additionally, the U.S. is implementing a relief package, which is expected to increase inflation. This is seen as a catalyst for the current gold market. Moreover, the strong ongoing impact of the Covid-19 pandemic in the U.S. and Europe continues to affect the economy, potentially causing gold prices to rise, despite the current slow decline. Therefore, the recent drop in gold prices in September, after reaching record levels, is considered necessary. With the gold prices in September 2020, many see it as a good opportunity to invest in gold.
6. Tips for Buying and Storing Gold, Avoiding Losses
5. To Buy Gold or Save? Investing 100 million VND, is it better to buy gold or save? Gold prices in the year-end remain high and unstable, with a difference of approximately 500,000 VND/tael between buying and selling prices. According to experts, if you want to invest in gold at year-end, you need to understand the following rules to avoid losses:
- Rule 1: Only use idle money or savings to buy gold. This helps limit risks, as using monthly income to buy gold can lead to financial difficulties if there are losses.
- Rule 2: Assess the risk when investing in gold. Daily fluctuations in the gold market, such as a 7% increase or decrease, imply potential profit or loss. If you can tolerate the risk level, you can invest in gold; otherwise, it's not advisable.
- Rule 3: To avoid losses, instead of investing all in gold, diversify by allocating idle funds to various investments like bank savings or real estate. If gold investment incurs losses, you can recover by investing in real estate or savings without substantial loss.
- Rule 4: Regularly update gold prices to evaluate the risk level and the difference between selling and buying prices.
- Rule 5: For gold, avoid frequent buying and selling. Based on investment experience, hold gold for at least 3 to 6 months before considering selling, allowing time to assess the market before making a decision.
Therefore, even if you have a considerable idle fund, consider all these five rules before deciding to buy gold. Ignoring any of these rules may lead to potential losses.
With this article, it is hoped that readers have answered the question, 'Should you buy gold at the end of the year?' Depending on your needs, you may decide to buy or not, but before making a purchase decision, thorough research and market analysis are essential.
