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Gold ring price increased by 0.9% to VND75.5 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally, gold price struggles to capitalize on the previous day's modest gains and oscillates in a narrow range during the Asian session on Friday amid mixed fundamental cues, FXStreet reported.
The US GDP report released on Thursday pointed to a significant loss of growth momentum at the start of 2024 and an unwelcome pickup in inflation.
This, along with the subdued US Dollar (USD) price action, acts as a tailwind for the precious metal, which is considered as a hedge against inflation.
The upside, however, remains capped in the wake of hawkish Federal Reserve (Fed) expectations.
Gold rose 0.05% to $2,332.91 an ounce.
