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Gold ring prices dropped 0.74% to VND53.85 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Vietnam's gold consumption reached 45.6 tons the first nine months of 2022, compared to 45 tons during the same period in the pre-pandemic year of 2019, according to the World Gold Council.
In the third quarter the country's gold demand more than tripled to 12 tons from 3.3 tons a year earlier, it added.
Global gold prices remain unchanged Monday as most markets are closed for the Christmas holiday.
