Vietnam gold prices climbed Monday morning as global bullion rates reached their highest in more than three weeks.
Saigon Jewelry Company gold bar price jumped 1.99% to VND184.6 million (US$7,106.83) per tael. Other sellers similarly hiked their rates.
Gold ring price similarly rose to VND184.1 million per tael. A tael equals 37.5 grams or 1.2 ounces.
With the week-long Tet (Lunar New Year) holidays now over, Hanoi residents were seen lining up outside several well-known jewelry shops to buy gold on Monday morning.
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People queue to buy gold at a store on Tran Nhan Tong Street, Hanoi, on the morning of Feb. 23, 2026. Photo by VnExpress/Trong Hieu |
Thanh Hoa, a 42-year-old freelance worker, said she had arrived at a store on Tran Nhan Tong Street at 6 a.m. She said her gold purchase was intended as savings for her children.
Hoang Mai, 23, an office worker, said she wanted to use the bonus she received for Tet to invest in the metal.
“I tend to buy many unnecessary things when I have money in my account, so I decided to buy gold as a form of savings,” Mai said.
Globally, gold prices climbed to a more than three-week high on Monday as uncertainty stoked by the U.S. Supreme Court’s decision to strike down a vast swathe of President Donald Trump’s tariffs pressured the dollar and pushed investors to the safety of bullion, Reuters reported.
Spot gold climbed 1.1% to $5,161.64 per ounce, earlier hitting its highest since Jan. 30. U.S. gold futures for April delivery were up 2% at $5,183.
“The court’s tariff ruling has, aside from earning the ire of the U.S. president, added another layer of uncertainty to global markets with traders again turning to gold as a defensive play,” said Tim Waterer, KCM chief analyst.
“Whether gold can claw its way back above $5,400 in the near-term may rest on how long tariff uncertainty lingers and whether the U.S. engages in military action against Iran,” Waterer added.
