Gold price bounces back

By Dat Nguyen October 23, 2025 | 01:50 am PT

Vietnam gold price recovered Thursday after hitting a two-week low Wednesday amid a global decline.

Saigon Jewelry Company gold bar went up 0.61% to VND149.5 million (US$5,676.54) per tael.

Gold bars seen in a shop in HCMC, March 2025. Photo by VnExpress/Quynh Tran

Gold ring increased by 0.54% to VND148.7 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Bullion has risen 77% in Vietnam so far this year.

Globally gold prices rose on Thursday, as U.S. sanctions against Russia and possible new export controls on China added to geopolitical risks, buoying demand for safe-haven assets, Reuters reported.

Spot gold was up 0.6% at $4,119.54 per ounce. Bullion fell to a near two-week low in the previous session.

"Gold is attempting to find its footing following the healthy and sorely-needed technical pullback and while stubborn geopolitical risks should preserve safe-haven bids ... it has been less inclined to produce wild swings in reacting to such news," said Han Tan, chief market analyst at Nemo.money.

Gold prices have gained about 57% this year, reaching an all-time peak of $4,381.21 on Monday, bolstered by geopolitical and economic uncertainties, rate-cut bets and sustained central bank buying.