Gold coins for sale in a shop in Hanoi in March 2025. Photo by VnExpress/Giang Huy
Vietnam gold prices fell marginally Tuesday morning while the precious metal held steady globally as investors observe peace talk developments in the Middle East.
Saigon Jewelry Company gold bar dropped 0.40% to VND148 million (US$5,621.93) per tael. A tael equals 37.5 grams or 1.2 ounces.
Gold ring declined 0.34% to VND147.8 million per tael. Gold prices in Vietnam have fallen 3% since the beginning of the year.
Globally gold prices were steady at $4,191.09 per ounce as investors assessed U.S.-Iran peace talks, while rising expectations of a Federal Reserve interest rate hike in December weighed on the metal, Reuters reported.
The U.S. waived sanctions on Iran for 60 days from Monday after the first talks under a nascent peace deal, while officials reported a sustained lull in fighting in Lebanon under the agreement aimed at ending hostilities across the region.
U.S. Vice President JD Vance said talks with Iranian officials in Switzerland had laid a good foundation for a final peace deal, although Iran denied that it had begun discussions of its nuclear program.
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