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Saigon Jewelry Company gold bar price was down 1.01% at VND175.4 million (US$6,757.33) per tael of 37.5 grams or 1.2 ounces. Other sellers similarly adjusted their rates.
Local bullion prices have lost 2.66% in the last two days and are VND20 million per tael higher than their global counterparts.
Gold ring price, however, rose 0.23% to VND174.9 million per tael.
Globally, gold recouped early losses on Friday, but was headed for a second straight week of declines as a global rout in tech equities and a stronger U.S. dollar wiped out gains made by the metals during a brief rebound earlier this week, Reuters reported.
Spot gold rose 0.4% to $4,790.80 per ounce, but was down 1.4% for the week. U.S. gold futures for April delivery fell 1.7% to $4,806.50 per ounce.
"Risk appetite does look diminished, stocks are down and obviously we're seeing Bitcoin just come apart at the seams. There's all kinds of evidence that risk sentiment in general is weakening. In this environment, gold is kind of holding its own and silver is caving in under the risk-off," said Ilya Spivak, head of global macro at Tastylive.
The U.S. dollar steadied near a two-week high and was poised for its strongest weekly performance since November.
A stronger dollar makes greenback-priced assets more expensive for other currency holders.
