Gold prices surge amid global gains

Gold ring price similarly jumped to VND90.9 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices rose on Monday, helped by a weaker dollar, while a delay in finding peace in Ukraine and concerns over the U.S. tariff policy fueled safe-haven demand for the metal, Reuters reported.

Spot gold climbed 0.3% to $2,866.76 an ounce. U.S. gold futures rose 1.1% to $2,880.50.

The dollar index fell from a more than two-week high hit in the previous session, making bullion less expensive for other currency holders.

"Today's early Asian bullish tone in gold is likely to be driven by geopolitical risk factors due to the pushback of the anticipated peace deal between Ukraine and Russia," said Kelvin Wong, senior market analyst, Asia Pacific, at OANDA.

Ukrainian President Volodymyr Zelenskiy's meeting with U.S. President Donald Trump ended in disaster on Friday, adding uncertainty to financial markets already jittery due to weakening economic data and volatility around U.S. trade policies.

U.S. Commerce Secretary Howard Lutnick said on Sunday that tariffs on Canada and Mexico would come into effect on Tuesday, but Trump would determine whether to stick with the planned 25% level.