Vietnam gold price gained slightly on May 10. Saigon Jewelry Company gold bar increased by 0.41% to 122 million VND (4,696.19 USD) per tael. Gold ring was steady at 117 million VND per tael.
Global gold prices posted a second straight week of gains following a sharp decline, closing the week at 4,676 USD per ounce. Most analysts expect prices to move sideways, while retail investors remain optimistic about the precious metal’s short-term outlook. Meanwhile, SJC gold bars ended the week at 174.5 million VND per tael.