Gold bars seen at a shop in HCMC. Photo by VnExpress/Quynh Tran
Vietnam gold prices bounced back Tuesday morning as global rates jumped from a one-month low.
Saigon Jewelry Company gold bar went up 4.52% to VND173.5 million (US$6,672.31) per tael. A tael equals 37.5 grams or 1.2 ounces.
Gold ring increased by 4.53% to VND170 million per tael. Gold prices in Vietnam have risen 13.5% since the beginning of the year.
Globally gold rose more than 3% on Tuesday, rebounding from a near one-month low hit in the previous session, as market participants braced for an absence of key economic data this week due to a partial U.S. government shutdown, Reuters reported.
Spot gold climbed 3.7% to $4,837.16 per ounce, after touching a near one-month low in the previous session. Bullion scaled a record high of $5,594.82 on Thursday.
Spot silver rose 5.9% to $84.09 an ounce. It hit a record high of $121.64 on Thursday.
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