Gold prices tumble

It has fallen 3.67% from the historic peak of VND92.4 million achieved on Friday.

Gold ring price decreased 0.06% to VND76.3 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally spot gold was 0.23% up for the day at $2,341.00.

Earlier on Monday, U.S. Federal Reserve vice-chairman Philip Jefferson said: "We continue to look for additional evidence that inflation is going to return to our 2% target."

Higher inflation could keep interest rates elevated, reducing the attractiveness of non-yielding gold, according to financial data platform FXStreet.