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Saigon Jewelry Company gold bar went up 2.66% to VND146.5 million (US$5,600.05) per tael. A tael equals 37.5 grams or 1.2 ounces.
Gold ring added 0.68% to VND147.5 million per tael. Gold prices in Vietnam have fallen 4.12% so far this year.
Globally gold slipped 0.75% to $4,488.30 per ounce following a surge on Wednesday to the highest in over 2.5 months.
The jump was "totally unexpected," said Robert Gottlieb, an industry expert and former head of precious metals at Koch Supply and Trading, as reported by Reuters.
"Very bullish for gold due to lower yields on longer-dated Treasuries and as it may help to bring the dollar lower."
"While the fierce bid has faded in recent days, the (gold investment) flows could quickly return amid Treasury liquidity support, a Fed willing to look through an energy shock, and a growing stagflation narrative, which should all ultimately see lower real rates," according to a note by TD Securities.
