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VietNamNews

SBV sells majority of gold offered at 69th auction

Update: November, 09/2013 - 09:33
Eleven credit institutions bought 14,800 taels, of the 15,000 taels offered by the State Bank of Viet Nam, at VND36.63-36.67 million (US$1,744-1,746) each, during the 69th auction yesterday.— Photo gdtd

HA NOI (VNS)  — Eleven credit institutions bought 14,800 taels, of the 15,000 taels offered by the State Bank of Viet Nam, at VND36.63-36.67 million (US$1,744-1,746) each, during the 69th auction yesterday.

The local market price of gold slid VND110,000 ($5) per tael.

Saigon Jewellery Company (SJC) posted gold prices between VND36.59-36.69 million ($1,742-1,747) on its website, while the kitco.com trading floor was selling at $1,310 per ounce, or $1,578 per tael. — VNS


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