Vietnam gold prices inch up

Saigon Jewelry Company gold bar went up 0.33% to VND181 million (US$6,992.20) per tael. A tael equals 37.5 grams or 1.2 ounces.

Gold ring increased by 0.33% to VND180.5 million per tael. Gold prices in Vietnam have risen 18.5% so far this year.

Globally gold and silver fell on Tuesday after two straight sessions of gains, as the dollar edged higher from a more than one-week low, while investors awaited key U.S. jobs and inflation data due later this week to gauge the interest rate trajectory, Reuters reported.

Spot gold fell 1% to $5,016.56 per ounce. The metal gained 2% on Monday, as the dollar weakened to a more than one-week low. It had scaled a record high of $5,594.82 per ounce on Jan. 29.

Spot silver was down 2.5% at $81.31/oz, after rising nearly 7% in the previous session. It had hit an all-time high of $121.64 on January 29.