Saigon Jewelry Company gold bar price jumped 2.19% to VND98.2 million (US$3,847.21) per tael in the afternoon.

Gold ring price surged 2.92% to VND98.8 million per tael. A tael equals 37.5 grams or 1.2 ounces.

This means gold bar and ring price both added VND2.1 million in value from Monday.

Globally gold hit another record high above $3,000 on Tuesday, with investors seeking the metal as a haven from risk as conflict flared in the Middle East and U.S. President Donald Trump pressed on with tariff plans, Reutersreported.