Gold prices edge up – VnExpress International
Gold jewelry seen in a shop Hanoi, October 2025 Photo by VnExpress/Hoang Giang
Vietnam gold price rose Thursday morning as the precious metal increased in value globally for three days in a row.
Saigon Jewelry Company gold bar went up 0.9% to VND167.5 million (US$6,365.20) per tael.
Gold ring increased by 0.9% to VND167 million per tael. Gold prices in Vietnam have risen 9.6% so far this year.
Globally gold rose for a third straight session on Thursday, supported by a softer dollar as hopes grew for a potential peace deal between the United States and Iran, Reuters reported.
Spot gold was up 0.3% at $4,701.19 per ounce, after rising about 3% on Wednesday to hit its highest level since April 27. U.S. gold futures for June delivery rose 0.4% to $4,710.
“I think most markets overreacted as (the deal) is still a work in progress and anything could unravel. Nevertheless, we saw enough dollar weakness to propel gold prices higher. Lower Treasury yields also boosted gold,” said Edward Meir, an analyst at Marex.
Gold could remain rangebound in the near term, trading between $4,600 and $5,100 an ounce, he said.
The dollar edged down 0.1%, making bullion less expensive for holders of other currencies.
