Gold prices increase

Gold ring price went up 1.35% to VND56.2 million. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold edged lower on Friday as robust U.S. economic data was seen as fodder for the Federal Reserve to keep interest rates high for longer, but caution ahead of inflation data and the policy meeting next week put a floor under bullion prices, according to Reuters.

Spot gold was down 0.2% at $1,926.09 per ounce, as of 0944 GMT, but held a relatively tight range after retreating nearly 1% in the previous session following the U.S. data.

U.S. gold futures eased 0.1% to $1,927.30.