The State Bank of Vietnam (SBV) has just decided to stop bidding to sell gold bars and will deploy an alternative stabilization plan as soon as possible, expected to start from June 3.
In order to continue to effectively implement the instructions of the Government and the Prime Minister on handling the high difference between the domestic price of SJC gold bars and the world price, the State Bank will adjust the plan to stabilize the market. Yellow.
Accordingly, the State Bank of Vietnam stopped bidding to sell gold bars and will deploy an alternative stabilization plan as soon as possible, expected to start from June 3.
Thus, after 9 SJC gold bar auction sessions since April 22, the operator decided to stop these activities.
Through 9 auctions that were held, there were 6 successful auctions with a total winning volume of gold bars of 48,500 taels (485 lots), equivalent to more than 1.8 tons of gold that were bid by members (including gold trading companies and credit institutions) buy in, thereby supplying to the market.
Currently, the State Bank has not announced the next measure to stabilize the gold market to replace gold auction activities.
Regarding gold price developments today, May 27, as of 3:34 p.m. on May 27, SJC’s 9999 gold price was sold at 89.9 million VND/tael.
The 9999 gold price was updated by Saigon Jewelry Company Limited (SJC) at 13:57′ and the 9999 gold price was listed by Doji Jewelry Group at 15:56′ as follows:
SJC bought 87.9 million VND/tael, sold 89.9 million VND/tael; Doji bought 87.7 million VND/tael, sold 89.3 million VND/tael.