Gold prices gain – VnExpress International

Saigon Jewelry Company gold bar price went up 2.62% to VND153 million (US$5,809.43) per tael. Asia Commercial Bank sold its bullion at the same price.

Gold ring price saw a 2.72% increase to VND152.2 million per tael. A tael equals 37.5 grams or 1.2 ounces.

People were seen lining up to buy gold at Bao Tin Minh Chau jewelry stores on Tran Nhan Tong and Cau Giay streets in Hanoi, even as staff put up “out of stock” signs.

One employee said they did not have gold bars or plain gold rings for sale, only jewelry. Other stores on the same street also reported running out of stock. Representatives of gold trading businesses said supply has recently been tight due to rising demand for the metal.

Customers wait to buy gold outside a jewelry store in Hanoi on the morning of Oct. 17, 2025. Photo by VnExpress/Hoang Giang

Globally, gold notched a new high above $4,300 an ounce on Friday and was poised for its best week in five years, as signs of weakness in U.S. regional banks, global trade frictions and expectations of more rate cuts sent investors flocking to the safe-haven metal, Reuters reported.

Spot gold was up 0.3% at $4,336.18 per ounce after reaching a fresh high of $4,378.69 earlier in the session. U.S. gold futures for December delivery jumped 1% to $4,348.70.

Bullion has risen about 8% so far this week in what would be its best week since March 2020, notching a record high in each session.

Non-yielding bullion, which tends to do well in a low interest rate environment, has gained more than 65% year-to-date, driven by geopolitical tensions, aggressive rate-cut bets, central bank buying, de-dollarization and robust exchange-trade fund inflows.