Gold prices reach new record high of $3,283 per tael

Gold ring dropped 1.37% to VND66.5 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold started March on a positive note, with prices rising to a two-month high on Friday after muted economic data hardened expectations of a U.S. interest rate cut by June, Reuters reported.

Spot gold rose 2.1% to $2,086.21 per ounce, the highest since late December, and was on track for a second straight weekly rise.

U.S. gold futures settled about 2% higher at $2,095.7.