On Tuesday morning, gold bar prices in Vietnam experienced a slight increase, while global bullion prices surged to an all-time high.
The Saigon Jewelry Company (SJC) adjusted its gold bar price upward by 0.32%, bringing it to VND92.3 million ($3,622.45) per tael. Similarly, gold ring prices saw a 0.33% rise, reaching VND92.1 million per tael. In Vietnam, a tael is equivalent to 37.5 grams or 1.2 ounces.
On the international market, gold prices continued their upward trajectory, hitting a new record on Monday. The increase was largely fueled by investor demand for safe-haven assets amid rising concerns over U.S. President Donald Trump’s tariff policies. Additionally, increased inflows into gold-backed exchange-traded funds (ETFs) provided further support to the metal’s value, according to Reuters.
Spot gold climbed 0.4% to $2,947.48 per ounce, after briefly reaching a session high of $2,956.15—marking its eleventh record high in 2025. Meanwhile, U.S. gold futures settled 0.3% higher at $2,963.20.
Market analysts predict that gold prices will continue to rise in the coming months. Jim Wyckoff, a senior analyst at Kitco Metals, stated that "investors believe gold will continue to appreciate over the weeks and months ahead." He emphasized that the "path of least resistance for gold remains sideways to higher," and as long as uncertainty lingers, the metal’s value is likely to keep climbing.