Earlier, NHNN announced that in order to continue to steadfastly implement the Prime Minister’s instructions on immediately deploying gold market stabilization measures to handle the high discrepancy between domestic gold bar prices and international gold prices, the State Bank of Vietnam continues to organize an SJC gold bar auction session on April 25/04/2024.
Total gold bullion volume of the auction is still expected to be 16,800 taels. Deposit ratio is 10%. The minimum auction volume for a member is 1,400 taels, the maximum auction volume for a member is 2,000 taels. Reference price for calculating deposit value is 82.3 million VND/tael (this price is only for deposit calculation).
Meanwhile, this morning (April 25), the SJC gold purchase price of gold businesses was around 81.7 million VND/tael and the selling price of 84 million VND/tael.
