The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.

VOV.VN - The State Bank of Vietnam (SBV) is scheduled to hold its second gold bullion bidding session this April in an effort to increase the supply of gold bullion and to stabilise the domestic gold market after the first one was held 11 years ago.

VOV.VN - The State Bank of Vietnam (SBV) is scheduled to hold a gold bullion bidding session on April 17 after 11 years of suspension in an effort to stabilize the domestic gold market that has made national headlines in recent times.

The State Bank of Vietnam (SBV) will increase the supply of gold bullion to handle the existing huge difference in domestic and world gold prices, SBV Deputy Governor Pham Thanh Ha told the press on April 12.

VOV.VN - Gold prices in the domestic market maintained an upward trend on April 12, with gold bars reaching a new high of VND85 million per tael, and gold rings setting new record of VND78.20 million per tael.

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold market in line with regulations.

VOV.VN - The price of domestic gold rings on April 9 continued its upward trajectory, reaching VND77 million per tael and surpassing all previous records.

VOV.VN - The prices of domestic gold rings increased on the morning of April 4 to a new record at VND72.4 million per tael, after global prices hit an all-time high of 2,300.7 per ounce.

The price of SJC gold bars rose to nearly VND81 million (US$3,266) per tael (one tael is equivalent to 1.33 ounces) in the last trading session of the first quarter (March 30), up 8% from the outset of the quarter.

The Government has directed the State Bank of Vietnam (SBV) to urgently inspect and supervise to stabilise the domestic gold market.