Local gold price stays flat, global price rises


The State Bank of Viet Nam sold 14,800 of 15,000 taels of gold offered in its 66th auction to 15 credit institutions at VND37.29-37.32 million (US$1,775-1,777) per tael on Friday.

HA NOI (Biz Hub) — The State Bank of Viet Nam sold 14,800 of 15,000 taels of gold offered in its 66th auction to 15 credit institutions at VND37.29-37.32 million (US$1,775-1,777) per tael on Friday.

The Saigon Jewellery Company (SJC) posted a rate of VND37.16-37.36 million ($1,769-1,779) on its website at 3pm, while the global price rose to $1,317 per ounce or $1,587 per tael on the kitco.com trading floor, leaving retail prices in Viet Nam $190 higher than the world price.

Since March 28, SBV, the only gold importer in Viet Nam, has sold more than 1.670 million taels of gold at its auctions.— VNS

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