Gold Prices in Vietnam

Saigon Jewelry Company gold bar experienced a slight decrease of 0.08%, settling at VND121 million (US$4,616.30) per tael. In contrast, gold rings saw a minor increase of 0.17%, reaching VND116.9 million per tael.

Yearly Performance

Despite recent fluctuations, Vietnam's gold has shown a significant rise of 43.7% since the beginning of the year.

Global Gold Market Trends

On Tuesday, global gold prices remained largely unchanged, staying close to a three-week low. This stability comes as fears of a global tariff war ease and the dollar strengthens, reducing the appeal of gold as a safe-haven asset, according to Reuters.

Spot gold was steady at $3,311.33 per ounce, after hitting its lowest level since July 9 in the previous session.

"Gold trading at circa $3,300 or below continues to attract buyers. While short-term factors like trade deals and a stronger USD aren't favorable for gold, the long-term outlook remains positive," KCM Trade Chief Market Analyst Tim Waterer told Reuters.