Gold prices gain as global rates rise

Gold ring price also gained 0.33% to VND90.4 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices rose on Monday as the U.S. dollar weakened, with investors awaiting further details on U.S. President Donald Trump's tariff plans, which could escalate global trade tensions, Reuters reported.

Spot gold rose 0.6% to $2,899.73 per ounce. Bullion scaled a record peak of $2,942.70 on February 11. U.S. gold futures gained 0.4% to $2,912.50.

The dollar index hovered near a two-month low as traders assessed recent weaker-than-expected U.S. economic data. A weaker dollar makes bullion less expensive for other currency holders.

Senior Trump administration officials will begin peace talks with Russian and Ukrainian negotiators in Saudi Arabia in the coming days.

"If talks between U.S. and Russian officials improve the odds for a peace deal being reached that ends the war, safe-haven buying demand could wane, which could see gold lose some of its impetus," said Tim Waterer, chief market analyst at KCM Trade.

"But with tariff and inflation talk still a worry for investors, gold could still rally even if safe-haven flows recede."