Gold and real estate are both assets that help hedge against inflation risks. But how should investors allocate capital between the two amid rising geopolitical instability, surging oil prices and high interest rates?

Fearing a massive price spike due to geopolitical instability, many residents are rushing to buy gold as a safe-haven asset, despite strict purchase limits remaining in place.

In 2025, the gold market witnessed a sharp price surge. From around VND120 million per tael, the gold price climbed to VND180 million, equivalent to a 50 percent increase.

Global gold prices have surged strongly and are on track to end 2025 with a 65 percent increase, marking the best year in nearly 50 years. However, experts warn against expecting a similar sharp rise in 2026.

Gold price plunge has caused many short-term traders to lose money, while stock accounts are continuously eroded. Crypto market also witnesses sharp falls.

Experts believe that establishing a national physical gold trading exchange in Vietnam would address supply issues, enhance market transparency, and align domestic gold prices with international levels.

According to the Governor of the State Bank of Vietnam, the sharp rise in domestic SJC gold bar prices - outpacing global gold price increases since early April - is largely due to market expectations of further gains and limited gold bar supply.

Driven by global uncertainties and strong demand, gold prices in Vietnam surged over 32% in just four months.

Gold prices have soared to a new record high of VND122.5 million per tael, with people rushing to buy. Experts say stabilizing the gold market is challenging in the current context because of a supply shortage.

At 10am on April 22, Saigon Jewelry Company (SJC) listed gold bar prices at 120.5-122.5 million VND per tael.

Exploiting gold mines requires several stages, and 40 northwest gold mines with estimated reserves of 30 tons of gold are only an initial resource assessment, according to the Ministry of Agriculture and the Environment (MAE).