Gold reaches another historic level

By Dat Nguyen   September 2, 2025 | 07:25 pm PT
Gold reaches another historic level
A customer tries on gold jewelry in a store in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
Vietnam gold price rose to a new historic peak Wednesday morning as bullion continues its rally on global markets.

Saigon Jewelry Company gold bar went up 2.14% to VND133.4 million (US$5,059.74) per tael.

Gold ring rose 2.08% to VND127.6 million per tael.

Gold has surged 58% in Vietnam since the beginning of the year.

Globally gold prices extended their record run on Wednesday, as persistent market uncertainty and growing investor confidence that the U.S. Federal Reserve will cut interest rates this month lifted demand for the safe-haven metal, Reuters reported.

Spot gold was up 0.1% at $3,537 per ounce after hitting an all-time of $3,546.99 earlier in the session.

U.S. gold futures for December delivery gained 0.3% to $3,602.50.

Elsewhere, spot silver eased 0.2% to $40.82 per ounce, after hitting its highest since September 2011 in the previous session.

 
 
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