Tuesday, September 26 2017

VietNamNews

SBV sells all gold offered at auction

Update: December, 14/2013 - 09:26
Customers buy gold in HCM City's Ben Thanh market area. — VNA/VNS Hoang Hai

HA NOI (VNS)— Thirteen credit institutions purchased all 15,000 taels of gold offered by the State Bank of Viet Nam, at the cost of VND35.37-35.42 million (US$1,684-1,686) per tael yesterday.

Gold prices in both local and world markets have fallen slightly.

In Viet Nam, the Saigon Jewellery Company (SJC) posted gold prices between VND35.29-35.42 million ($1,680-1,686) on its website, while on the kitco.com trading floor gold was selling at $1,224.70 per ounce, or $1,475 per tael.

Prices in Viet Nam remained $211 higher per tael than global gold rates.

The bank has sold over 1.785 million taels of gold since its first auction in March. — VNS


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