Home Commodities

SBV sells all gold offered at auction

Dec 14th at 14:36
14-12-2013 14:36:18+07:00

SBV sells all gold offered at auction

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.

vietnamnews

MOST READ

NEWS SAME CATEGORY

More beer drunk as times get tough
COMMODITIES Dec 14th at 14:23

More beer drunk as times get tough

Beer makers in Viet Nam produced 2.67 billion litres in the first eleven months of the year, up 7.8 per cent over the corresponding period last year, according to...

Heavy discounts boost auto sales
COMMODITIES Dec 13th at 13:34

Heavy discounts boost auto sales

Major automakers in Viet Nam reported a year-on-year sales surge of 6 per cent in November yesterday, riding on aggressive discounts and continued popularity of...

Strictness rules timber exports
COMMODITIES Dec 13th at 13:29

Strictness rules timber exports

With the EU, US and Australia making import conditions more stringent, especially with regard to timber sources, Vietnamese exporters of timber products have to...

Experts target growth in aquaculture sector
COMMODITIES Dec 12th at 13:27

Experts target growth in aquaculture sector

Higher demand for seafood will require the aquaculture industry in the Asia-Pacific region to adopt sustainable practices in governance, harvesting, marketing...

Cement industry ships 14m tonnes
COMMODITIES Dec 11th at 14:05

Cement industry ships 14m tonnes

Viet Nam's cement exports are expected to reach nearly 14 million tonnes in 2013, the highest level ever exported.

Cuttle fish, octopus exports fall in 2013
COMMODITIES Dec 11th at 13:35

Cuttle fish, octopus exports fall in 2013

Viet Nam's export value of cuttle-fish and octopus for the first ten months of 2013 fell to the lowest rate in the 10-month period due to the global economic crisis.

Pepper exports set to hit record high
COMMODITIES Dec 11th at 13:25

Pepper exports set to hit record high

The Viet Nam Pepper Association said pepper exports are likely to be 130,000-135,000 tonnes this year for a record value of US$900 million, up 12 per cent from last...

Seafood companies eye Australia as potential growth opportunity
COMMODITIES Dec 11th at 10:19

Seafood companies eye Australia as potential growth opportunity

Australian customers are buying more seafood from Viet Nam, especially shrimp and molluscs.

Cashew exports reach $1.5bn annual target
COMMODITIES Dec 10th at 09:42

Cashew exports reach $1.5bn annual target

The cashew industry, during the first 11 months of 2013, reached its yearly target of US$1.5 billion in exports, according to the Ministry and Agriculture and Rural...

Induction stoves popular as gas prices rise
COMMODITIES Dec 10th at 09:40

Induction stoves popular as gas prices rise

With cooking-gas prices rising relentlessly, induction and infrared stoves are seeing boom in demand, HCM City electronic retailers said.

Read More

Commodity prices

MOST READ

Back To Top