SBV sells another batch of gold in its 70th auction

Friday, Nov 15, 2013 16:24

SBV sells each tael of gold at VND36.49-36.51 million ($1,737-1,738) in the 70th auction.— Photo

HA NOI (Biz Hub) —In the State Bank of Viet Nam's 70th auction on Friday, 13 credit institutions bought 14,600 taels of gold.

The bank offered 15,000 taels at VND36.49-36.51 million ($1,737-1,738) each.

Gold prices in both the local market and world market slid slightly. The Saigon Jewellery Company (SJC) posted gold prices between VND36.43-36.53 million ($1,734-1,739) on its website, while on the trading floor gold sold at $1,284.20 per ounce, or $1,547 per tael. Prices in Viet Nam remained $192 higher per tael than global rates.

The bank has sold nearly 1.726 million taels of gold since its first auction in March.— VNS

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