A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam gold price gained slightly Thursday afternoon as the bullion rose globally, boosted by the U.S. dollar’s drop.
Saigon Jewelry Company gold bar inched up 0.24% to VND84.5 million (US$3,321.93) per tael. A tael equals 37.5 grams or 1.2 ounces.
Gold ring price rose 0.24% to VND84.3 million per tael.
Globally gold gained on Thursday in light holiday trading, boosted by slight weakness in U.S. dollar and geopolitical tensions, as investors eyed Federal Reserve’s 2025 rate strategy and Trump’s tariff policies, which could shape the metal’s trajectory next year.
Spot gold rose 0.5% to $2,626.10 per ounce.
Bullion has risen 27% this year and is on track for its best performance since 2010, driven by major Fed cuts and heightened geopolitical uncertainties.
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