Saigon Jewelry Company gold bar dropped 0.16% to VND185 million (US$7,088.11) per tael. A tael equals 37.5 grams or 1.2 ounces.

Gold ring declined by 0.16% to VND184.5 million per tael. Gold prices in Vietnam have gained 21% so far this year.

Globally gold prices edged higher on Thursday, buoyed by a softer dollar and safe-haven demand fuelled by uncertainty surrounding U.S. tariff policy and U.S.-Iran talks, Reuters reported.

Spot gold was up 0.3% at $5,183.85 per ounce. Bullion hit a more than three-week high on Tuesday.

“Price action reflects a re-pricing of fresh policy (tariff) uncertainty, geopolitical concerns and a subdued dollar,” said Christopher Wong, a strategist at OCBC.

“Two-way consolidation is still likely in the interim as markets digest geopolitical (news), dollar moves, tariff surprises and Fed policy uncertainty.”