Saigon Jewelry Company gold bar price was up 0.21% at VND143.8 million (US$5,503.99) per tael.
Gold ring price similarly went up 0.21% to VND143.3 million per tael. A tael is 37.5 grams or 1.2 ounces.
Globally, gold and oil prices climbed while regional shares edged nervously higher on Wednesday as geopolitical tensions ratcheted up ahead of key U.S. inflation data, Reuters reported.
Spot gold gained 0.46% to $4,387.03 an ounce. U.S. crude rose 0.89% to $83.94 a barrel, and Brent advanced to $89.60 per barrel, up 0.78% on the day.
The yellow metal has climbed above the $4,000-an-ounce threshold in recent weeks, buoyed by investor appetite and increased central bank buying, particularly from China.
“Gold has defended the downside but has yet to confirm a renewed bull-market advance,” Ole Hansen, head of commodity strategy at Saxo Bank AS, said in a note cited by Bloomberg.
“Support around $4,200 is increasingly important, while the major upside test is once again focusing on the 200-day moving average, currently sitting just below $4,500.”