Gold prices jump

By Dat Nguyen March 24, 2026 | 12:20 am PT

A person holds a gold bar at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam gold prices continued to rise Tuesday afternoon, extending its gain in the morning, despite a drop on the global market.

Saigon Jewelry Company gold bar went up 2.53% from Monday to VND170.2 million (US$6,461.66) per tael. A tael equals 37.5 grams or 1.2 ounces.

It has risen 1.37% from the morning, recovering from a nine-week low on Monday.

Gold ring added 2.53% to VND170 million per tael. Gold prices have risen 11.3% so far this year.

Globally gold prices fell more than 1% on Tuesday, extending their slide to a ‌tenth straight session, pressured by a firm U.S. dollar and fading hopes for near-term Federal Reserve interest rate cuts, Reuters reported.

Spot gold declined 1.5% to $4,340.63 per ounce, losing about 22% in 10 sessions.

The dollar strengthened on Tuesday, making greenback-priced bullion more expensive for holders of other currencies.

Spot gold prices have fallen about 18% since the U.S.-Israeli war on Iran started on Feb. 28, with the dollar emerging as one ‌of the ⁠clearest safe-haven winners.