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Gold ring price went up 0.15% to VND67.8 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally, gold scaled a record high on Tuesday, moving further above $2,100 per ounce in a rally sparked by growing bets for a U.S. interest rate cut in June and on safe-haven demand due to the conflict in the Middle East, Reuters reported.
Spot gold gained 0.8% to $2,132 per ounce, having hit a record $2,141.59 earlier.
U.S. gold futures settled about 0.7% higher at $2,141.9.
Bullion last hit a record high in December at $2,135.40.
"The big reason here is that we're seeing the market increasingly believing that a Fed rate cut is nearer rather than further away," said Bart Melek, head of commodity strategies at TD Securities.
"Markets have to be a little bit more convinced for gold to move higher, but ultimately in the second quarter, we do think it can go to over $2,300 plus."
Traders currently see a 70% chance that the Fed will start cutting rates by June, according to the CME FedWatch tool.
