Gold prices plunge

Gold ring price fell 1.23% to VND76.2 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices rose above $2,400 per ounce to an all-time high on Friday, heading for their fourth week of gains, as growing tensions in the Middle East prompted investors to seek refuge in the safe-haven assets, Reuters reported.

Spot gold eased 0.8% to $2,353.35 per ounce), taking a breather after hitting a record high of $2,419.79. Prices were up around 1% for the week.

U.S. gold futures settled 0.1% higher at $2,374.1.