Gold coins for sale in a shop in Hanoi in March 2025. Photo by VnExpress/Giang Huy
Vietnam gold prices increased Saturday morning, following the rebound of the precious metal on global markets.
Saigon Jewelry Company gold bar price went up 1.59% to VND179.3 million (US$6,909) per tael. A tael equals 37.5 grams or 1.2 ounces.
Gold ring also rose 1.59% to VND178.8 million per tael. Gold prices in Vietnam has risen 17% so far this year.
Globally gold rebounded on Friday and was set for a weekly gain, helped by bargain hunting, a slightly weaker dollar and lingering concerns over U.S.-Iran talks in Oman, while silver recovered from a 1-1/2-month low, Reuters reported.
Spot gold rose 3.9% to $4,954.92 per ounce, recouping losses during a volatile Asia session following Thursday’s 3.9% decline. The yellow metal was headed for a weekly gain of about 2%.
“The gold market is seeing perceived bargain hunting from bullish traders,” said Jim Wyckoff, senior analyst at Kitco Metals.
