Most gold shops bought the metal at VND32.9 million and sold at VND33 million as of 9:30 am local time.
The Hanoi-based Phu Quy Jewelry purchased SJC-brand gold of Saigon Jewelry Company at VND32.89 million and sold at VND32.98 million.
Sacombank Jewelry Company bought gold at VND32.91 million and sold at VND32.97 million.
Last weekend, the prices plunged to VND32.7 million as global prices declined.
Domestically, gold tended to rise at a faster pace or drop at a slower pace than global prices in the previous days. However, the metal climbed at a slower pace than global prices this morning as it had not showed a clear tendency.
Domestic prices were VND400,000 lower than global prices.
The US dollar exchange rate against the Vietnamese dong surged by VND40 per dollar over last weekend. Dollars were collected at VND20,160 and sold at VND20,180 on free market in Hanoi.
Internationally, gold rallied from its worst weekly drop since July as a weakening greenback spurred investor demand for the precious metal as an alternative asset.
Gold for immediate delivery rose as much as $11 an ounce to $1,340 an ounce as of 9:40 am Vietnamese time.
The yellow metal lost 3 percent last week.
The dollar exchange rate against the euro slid to $1.4 in Tokyo this morning from $1.39 in New York last weekend.
Group of 20 finance ministers and central bankers pledged to refrain from weakening their currencies to boost economic growth. This was the latest effort of G20 to urge China to raise yuan exchange rate.
However, the greenback still declined versus other major currencies as investors are turning their intention to the Federal Open Market Committee meeting next week with the hope that the US Federal Reserve will announce quantitative easing.
