Local gold prices are now about VND6 million per tael higher than global prices. This is less than last week.

The price of a gold ring also went down by 0.35% to VND141.7 million per tael on Friday. A tael is 37.5 grams.

Gold prices went up globally on Friday. They may have their biggest weekly gain since January. This is because oil prices are weaker.

The price of gold was up 0.4% at $4,254.11 per ounce. It was up over 5% for the week. U.S. gold futures also went up.

There is hope for peace in the Middle East. This means people think inflation will go down. So, gold prices went up.

An analyst said gold prices will go up to $4,600. He thinks people will buy gold when the price goes down. This will help the price go up again.