Gold bar prices rise amid global rally

By Minh Hieu May 27, 2025 | 10:59 pm PT

Gold bars on sale at a shop in HCMC. Photo by VnExpress/Quynh Tran

Vietnam gold bar prices edged higher Wednesday morning as global bullion prices recovered slightly after falling in the previous session.

Saigon Jewelry Company gold bar price went up 0.25% to VND118.3 million (US$4,560.52) per tael.

Gold ring price held firm at VND114 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices rose on Wednesday, as investors bought on the dip, although gains were capped by easing U.S.-EU trade tensions, with the market now awaiting the upcoming U.S. core Personal Consumption Expenditures report for interest rate clues, Reuters reported.

Spot gold was up 0.3% at $3,308.99 an ounce, slightly recovering from a 1% decline in the previous session. U.S. gold futures rose 0.2% to $3,308.30.

"Gold's dip below $3300 saw it attracting some buyers. However, the broader market is still feeling generally upbeat now that US-EU trade tensions have eased, which is capping the extent of gold's upside run for now," said Tim Waterer, chief market analyst, KCM Trade.

"If support in the $3,250-$3,280 region continues to hold, then gold is well-placed for potentially another run towards $3,400 if risk appetite fades."