Gold ring price decreases as global bullion values remain stable

Gold bar price was unchanged at VND80.5 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices were flat on Monday, as investors awaited U.S. inflation print due this week to strengthen their bets on the size of a likely reduction in Federal Reserve's interest rates, Reuters reported.

Spot gold held its ground at $2,497.25 per ounce. U.S. gold futures edged 0.1% higher to $2,526.10.

"Gold has been content to just drift within earshot of the $2,500 level ahead of key event risk in the form of CPI on deck this week and if that comes in below expectations, a stronger story will play out for gold," said Tim Waterer, chief market analyst, KCM Trade.

"Support in the $2,470-$2,480 range has limited downside moves for gold, so this will be a key area to watch in case gold comes under selling pressures."

A low interest rate environment tends to boost non-yielding bullion's appeal.