Eight bidders win the 6th gold auction

May 15th at 08:02
15-05-2024 08:02:55+07:00

Eight bidders win the 6th gold auction

In a latest update from the central bank, eight participants won the gold auction this morning, securing a total bidding volume of 8,100 taels of SJC gold bars, or 81 lots, out of the total 16,800 taels made available for bidding by the regulatory authority.

People queue to conduct gold transactions at a store in Hà Nội. — VNA/VNS Photo

This marks the highest volume of gold bullion won at the past three successful auction sessions. The combined bidding volume from the two previous sessions was 6,800 taels of SJC gold bars, equivalent to 3,400 taels per session.

In the previous announcement, the SBV set the reference price for calculating the deposit value at VNĐ88 million per tael (US$3,457). However, just before the auction, the authority decided to reduce the reference price to VNĐ87.7 million per tael.

The highest successful bidding price was VNĐ87.73 million per tael, while the lowest price was VNĐ87.72 million per tael.

At 1pm, SJC gold prices are listed at VNĐ86 million per tael for sellers and VNĐ89 million per tael for buyers.

In the international market, spot gold price is traded at $2,336.4 per ounce. (One ounce is equivalent to 0.83 tael.)

As a result, the domestic price is nearly VNĐ17 million higher than the global price. 




Vietnam c.bank eases gold auction conditions

The minimum bid amount will be reduced from 700 to 500 taels to attract more bidders.

Vietnam c.bank to continue auctioning gold

The authorities would continue to inspect, monitor, and deal with gold smuggling, speculation, or the exploitation of hoarding policies to drive up prices and cause...

​State Bank of Vietnam works with Ho Chi Minh City to manage gold market

The State Bank of Vietnam (SBV) on Sunday started working with the Ho Chi Minh City People’s Committee to take drastic action to manage the gold market and control...

Vietnam's vehicle sales down 11 per cent in first four months

According to a recent report from the Vietnam Automobile Manufacturers’ Association (VAMA), recorded sales of vehicles were down 11 per cent year-on-year to 82,515...

Vietnamese Gov’t expected to tighten gold transactions

With domestic gold prices soaring, the spread over international prices has also widened to around VND18.5 million (US$727) per tael.

India as main market for Vietnamese star anise exports

India was the main market of Vietnamese star anise exports last month.

Việt Nam's durian exports to China boom in Q1

Việt Nam's durian exports to China witnessed a significant surge in the first quarter of 2024, according to statistics of trade via the Youyi Guan border gate cited...

Việt Nam coffee exports to Singapore scant, room to grow enormous

Despite its small population, Singapore's coffee imports are relatively large, but Vietnamese exports to it remain modest, leaving ample room for expansion...

US initiates first sunset review of laminated woven sacks imported from Việt Nam

The US Department of Commerce (DOC) announced the first sunset review of the anti-dumping and countervailing duty orders on laminated woven sacks imported from Việt...

​New version of Rolls-Royce Cullinan expected to debut in Vietnam in late 2024

The Rolls-Royce Cullinan Series II, a facelifted version of the Rolls-Royce Cullinan, a full-sized luxury SUV manufactured by British luxury automaker Rolls-Royce...

Commodity prices


Back To Top