SBV sells all gold offers on Friday

tohang

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 ($1,684-1,686) per tael on Friday

Prices in Viet Nam remains $211 higher per tael than global gold rates.— Photo Phunutoday.com
HA NOI (Biz Hub) — 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 ($1,684-1,686) per tael on Friday.

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.— VNS

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