The price of gold in Vietnam continued its upward trend on Thursday morning, with global rates reaching a new high. The price of Saigon Jewelry Company’s gold bar increased by 0.41%, reaching VND148.6 million (US$5,642.15) per tael.
The price of gold rings also saw an increase, rising by 0.34% to VND148.1 million per tael. It’s worth noting that one tael is equivalent to 37.5 grams or 1.2 ounces.
In Vietnam, the value of gold bullion has seen a significant increase, jumping by 76.5% this year.
As of September 6, 2025, the SJC gold bar price stood at 135.4 million VND per tael, given that one million VND equals $37.96.
On the global stage, the price of gold breached the $4,200 per ounce mark for the first time. This record was driven by the rising possibility of interest rate cuts and geopolitical concerns, which have prompted investors to seek out the safety of the precious metal.
Despite reaching a new high of $4,241, the spot gold price fell to $4,230 at the time of writing.
Market analyst Fawad Razaqzada commented on the current trend: “The metal has been on a tear, and it doesn’t look like it wants to stop. With U.S.-China trade tensions being reignited in the last few days, investors have even more reason to hedge their long equity bets by diversifying into gold.”
Over the course of this year, gold has seen a surge of over 60%. This surge has been driven by a combination of factors including geopolitical tensions, bets on rate cuts, central bank purchases, de-dollarization, and strong inflows into exchange-traded funds (ETFs).
What is the current trend in gold prices?
Gold prices have been on a steady upward trend, both globally and particularly in Vietnam.
What factors are contributing to the surge in gold prices?
A combination of factors including geopolitical tensions, bets on rate cuts, central bank purchases, de-dollarization and strong inflows into exchange-traded funds (ETFs) have contributed to the surge.
How are investors responding to the current trend in gold prices?
With increasing geopolitical tensions and potential interest rate cuts, investors are seeking safety in gold, using it as a hedge and diversification tool against their long equity bets.
