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Saigon Jewelry Company gold bar price gained 0.57% to VND122.7 million (US$4,694.85) per tael, its highest since April 22 when it hit a historic peak of VND124 million.
Gold ring price was up 0.43% to VND118 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally, gold edged lower on Wednesday as risk appetite improved after U.S. President Donald Trump announced a trade deal with Japan ahead of an impending tariff deadline, Reuters reported.
Spot gold was down 0.2% at $3,423.44 per ounce after reaching its highest since June 16 earlier in the session. U.S. gold futures also slipped 0.2% to $3,437.70.
A weaker dollar and declining U.S. Treasury yields helped limit bullion’s losses. The U.S. dollar index hovered near a two-week low against major rivals, making gold cheaper for holders of other currencies.
"If further trade deals are signed ahead of August 1, this could further boost general risk appetite and reduce the demand for gold," CM Trade Chief Market Analyst Tim Waterer said.
"But if the USD remains pressured this will keep a return to $3,500 a viable near-term prospect for the precious metal."
