Friday, November 22, 2024 4:34:35 AM - Markets closed
VN-INDEX 1,228.33 +11.79/+0.97%
HNX-INDEX 221.76 +0.47/+0.21%
UPCOM-INDEX 91.50 +0.41/+0.45%
Two bidders win the first gold auction this year
Vietnam News - 4/24/2024 3:20:18 PM
 (0 ratings. You must sign in to rate.)
The State Bank of Việt Nam (SBV) released the outcome of the gold bullion auction on Tuesday, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
 
The two successful participants are Saigon Jewelry Company Limited (SJC) and Asia Commercial Joint Stock Bank (ACB).
 
3,400 taels were sold out of the total bid volume of 16,800 taels. The highest winning bid reached VNĐ81.33 million per tael (US$3,195), while the lowest winning bid price was VNĐ81.32 million per tael.
 
As a result, the winning bid price exceeded the SBV's starting price by VNĐ620,000 - 630,000 per tael.
 
The winning bidders are required to make payments to the SBV before 4pm today.
 
Seven banks and four enterprises on Tuesday morning took part in the first gold bullion auction of 2024, which organised by the central bank in Hà Nội.
 
This is seen as a decisive measure to boost the gold supply in the market.
 
The SBV had previously issued extensive notifications to qualified credit institutions and businesses, allowing them to register for auction participation and make deposits on April 22.
 
However, the auction was postponed on April 22 due to insufficient registered bidders and shortages of deposits transferred in accordance with regulations.
 
On the domestic market, gold prices fell by about VNĐ1 million per tael from the previous session.
 
At 1pm (local time), SJC gold prices were quoted at VNĐ80 million for sellers and VNĐ82.5 million for buyers, down VNĐ1 million per tael.
 
Meanwhile, PNJ gold prices dropped VNĐ900,000 per tael from Monday's session to VNĐ79.8 million per tael for sellers and VNĐ82.3 million for buyers. — VNS
 
Read original article here
Newer News
21/11 VAT tax reduction should continue until mid-2025: MoF
20/11 Tax shift: e-commerce platforms could shoulder seller tax responsibilities
19/11 US affirms Vietnam not manipulating currency
18/11 Exchange rate fluctuations bring huge profits to many banks
18/11 Should Vietnam implement VAT on fertilisers?
18/11 Central bank issues new decisions on deposit interest rates
18/11 Vietnam needs to build a strategy for disaster risk financing and insurance
14/11 Bank lending in HCM City to remain on steady growth path: SBV
12/11 SBV to propose establishment of gold exchange at appropriate time
12/11 New policy drafted to help non-bank credit institutions develop further
Older News
24/04 HCM City seeks to draw remittances in infrastructure
24/04 HCM City could issue bonds for overseas Vietnamese to fund infrastructure: conference
19/04 Overseas remittances to HCM City record highest increase in three years
19/04 Old loans must endure higher interest rates temporarily: SBV
19/04 Commercial banks raise deposit rates
16/04 Gold bar auction to be resumed after 11 years of suspension
16/04 Banks record positive business indicators in Q1 2024
12/04 Military Insurance targets top four spot in non-life insurance market for 2024
12/04 PM Chính requires strengthened gold market management
10/04 SJC gold price turns down, gold ring conquers new mark
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,228.33 +11.79/+0.97%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.