At 10:30 a.m., Saigon Jewelry Company (SJC) listed gold bar prices at 168 - 170 million dong, an increase of 3,9 million dong from yesterday. Other brands made similar adjustments.

This marks the highest price ever recorded for the precious metal. Year-to-date, gold bar prices have risen by 11,2%.

Plain gold rings also reached a new record high. SJC listed this item at 165,1 - 167,1 million dong, up 4,1 million dong from yesterday. Gold rings at Doji and PNJ traded at 164,2 - 167,2 million dong. Bao Tin Minh Chau bought and sold plain round rings around 166,2 - 169,2 million dong per tael.

Bao Tin Minh Chau and Bao Tin Manh Hai announced they had run out of plain round rings, with only jewelry remaining. At Phu Quy, customers purchasing large quantities received only two chi immediately, with the remainder available for collection later by appointment.

Domestic gold prices rose in line with global market increases. Each ounce of spot global gold gained nearly 80 US dollars, reaching a record high of 4,842 US dollars. Converted at the Vietcombank exchange rate, global gold was equivalent to 154 million dong per tael, a difference of 16 million dong compared to domestic prices. Escalating geopolitical tensions continued to drive safe-haven demand, pushing gold prices higher.

Escalating geopolitical tensions continued to boost safe-haven demand. Investors expressed concern after US President Donald Trump threatened tariffs on European countries regarding the Greenland issue.

Fawad Razaqzada, a market analyst at City Index and FOREX.com, attributed the gold surge to investors hedging against political risks. A weak US dollar further bolstered the precious metal's performance, as confidence in US assets appeared to waver.

Conversely, domestic silver bullion and silver bar prices decreased by 1%. Phu Quy Gold Investment Joint Stock Company listed these items at 3,54 - 3,65 million dong. Sacombank - SBJ traded them around 3,56 - 3,65 million dong.

Trong Hieu