Vietnam gold price increases

By Dat Nguyen October 13, 2025 | 10:02 pm PT

Gold rings seen in a jewelry shop in Hanoi. Photo by VnExpress/Giang Huy

Vietnam gold price rose to another new peak Tuesday as the precious metal traded at a new high globally.

Saigon Jewelry Company gold bar went up 1.60% to VND146.4 million (US$5,554.50) per tael.

Gold ring inched up 0.14% to VND144.5 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Vietnam bullion price has surged nearly 74% since the beginning of the year.

Globally gold prices climbed to a record high above $4,100 on Tuesday on increased U.S. Federal Reserve rate cut prospects, while resurgent U.S.-China trade woes boosted safe-haven bets, including those for silver, which also reached an all-time peak, Reuters reported.

Spot gold climbed 1.3% to an all-time high of $4,162.31 per ounce. Gold has surged 58% year-to-date, breaking the crucial $4,100 threshold for the first time on Monday.

"The trade tensions are not the primary driver for the rally (today) as increasing bets for the Fed to continue its interest rate cut trajectory, reducing long term funding costs eventually lowering the opportunity cost are (also supporting gold)," OANDA senior market analyst Kelvin Wong said.