Saigon Jewelry Company sold gold at VND64.8 million per tael [of 37.5 grams or 1.2 ounces], up 1.4 percent from Wednesday afternoon.

A person holds a gold ring at a jewelry shop in Binh Thanh District, Ho Chi Minh City, Aug.7, 2020.

DOJI sold at VND64.7 million, also up 1.4 percent. The previous high in Vietnam was VND62.4 million in August 2020.

In the global market, the metal rose by 1.7 percent to a nine-month high of $1,930.65 per ounce as geopolitical tensions supported demand for safe-haven bullion.

Vietnamese prices are VND11.35 million, or 21.5 percent, higher than global rates.

Gold continued to be the top asset class for 72 percent of Vietnamese investors, the WGC said citing a study of 2,000 investors last year.

Gold prices hit new peak

Vietnam’s gold price hit a new historic peak of VND62.7 million ($2,769.32) per tael Tuesday, surpassing the previous record in August 2020, even as global rates went flat.

Gold prices hit 15-month high

Vietnamese gold prices are now at a 15-month high and, as always, well above global rates.

Vietnam gold prices rise to new record

Gold prices in Vietnam hit a new peak Monday ahead of the God of Wealth Day amid surging demand.

Source: VnExpress