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It is now 2.6% away from its historic peak of VND92.4 million per tael achieved last Friday. A tael equals 37.5 grams or 1.2 ounces.
Gold ring price also increased by 0.4% to VND76.6 million per tael.
Globally, gold prices traded flat on Wednesday as investors looked forward to a critical U.S. inflation print that could offer clues on the Federal Reserve's interest rate cut trajectory, Reuters reported.
Spot gold held its ground at $2,359.02 per ounce, trading in a narrow $5 range, after gaining 1% on Tuesday.
U.S. gold futures rose 0.2% to $2,364.60.
Gold is data-dependent at the moment, "if the CPI starts to come down a little bit, it will be positive for gold as it is in a fantastic position to capitalize on that dynamic considering its resilience to this point," said Kyle Rodda, a financial market analyst at Capital.com.
But, "if CPI comes higher than expected then that's going to really rattle all the markets and the confidence that rates can be cut."
