Gold Prices Rise in Vietnam Amid Global Market Gains
August 2, 2026 | By Minh Hieu
Vietnam’s gold prices climb this Monday morning. Saigon Jewelry Company reports that gold bar prices jump 0.35%. The weekly rate stands at VND141.5 million per tael – about US$5,382.90. Local bullion costs stay VND11.5 million above rates seen abroad. This gap adds a clear premium in the local market.
Gold ring prices lift 0.36% to VND141 million per tael. The Vietnamese tael weighs 37.5 grams or roughly 1.2 ounces.
Global Market Influences
World prices rise as oil falls on Monday. U.S. President Trump pauses new actions against Iran. The change calms fears tied to inflation and high rates. Reuters shows spot gold at $4,055.76 per ounce, while U.S. gold futures hit $4,054.00. A 5% drop in oil and a softer dollar help buyers pay less.
Market Analysis and Future Outlook
Tim Waterer, chief market analyst at KCM Trade, sees a cautious start. He states that gains appear small because of unsettled oil figures and strains in the Middle East. He adds that a steady cost rise needs lower oil, a softer dollar, or fewer hints of rate hikes. He warns that renewed conflict in the Middle East or strong U.S. job numbers might slow gold prices.
Local Market Context
A shop in Ho Chi Minh City shows gold bars to mark steady local demand. The higher local price marks how home factors work with global trends. As events shift overseas, Vietnam’s buyers and investors watch both sides before making gold choices.
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