Gold prices decline

Gold ring price dropped 0.52% to VND76.4 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices rose on Friday, but were headed for their first weekly fall in three as expectations for interest rate cuts began to fade following the hawkish tone adopted in the U.S. Federal Reserve's latest minutes, Reuters reported.

Spot gold rose 0.54% to $2,340.95 per ounce, as of 1018 GMT, after hitting its lowest since May 9 earlier.

Bullion hit a record high of $2,449.89 on Monday, but has fallen about 5% since then.