Gold prices bounce back to record levels

Gold ring price similarly rose to VND93 million per tael, also back to its record-high. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices inched higher on Monday, supported by a weaker dollar and safe-haven flows amid fears of a global trade conflict, while investors awaited further signals to gauge the U.S. Federal Reserve's interest rate stance, Reuters reported.

Spot gold was up 0.1% at $2,912.79 an ounce, while U.S. gold futures rose 0.2% to $2,919.40.

The dollar index hovered near a four-month low hit last week, making greenback-priced gold less expensive for overseas buyers.

"There are mounting downside risks to growth, while U.S. foreign policy is also a source of uncertainty, boosting the appeal for gold," Capital.com's financial market analyst Kyle Rodda said. "I think $3,000 is a level we'll breach soon - probably in the next couple of months at the latest."

Tariffs have been a key concern for investors, with many believing that they can harm economic growth and be inflationary.

Investors now await U.S. Consumer Price Index (CPI) data on Wednesday and Producer Price Index (PPI) data on Thursday.

Gold is seen as a hedge against political risks and inflation, but higher interest rates dull the non-yielding asset's allure.