Tag: SJC gold
SBV predicts SJC-branded gold bullion price to keep declining
The narrowing of the gap between domestic and global gold prices may further pull down the selling price of SJC-branded gold bullion of state-owned commercial banks and Saigon Jewelry Company (SJC) in the near future, Dao Xuan Tuan, Director General of the State Bank of Vietnam (SBV)'s Foreign Exchange Management Department, has said.
Central bank pegs gold bullion at over US$3,000
SJC-branded gold bullion is sold at VND77.98 million (US$3,069) per tael on June 4 as approved by the Governor of the State Bank of Vietnam (SBV).
Central bank moves to sell SJC gold bars at ‘stable prices’
VOV.VN - The State Bank of Vietnam (SBV) on June 3 sold SJC branded gold bars to four State commercial banks and a gold and gemstones company at a stable price in an effort to narrow the disparity between domestic and global gold bar prices.
Four state-owned commercial banks to sell SJC gold as of June 3
VOV.VN - The State Bank of Vietnam (SBV) is expected to sell SJC gold through four state-owned joint stock commercial banks as opposed to through auctions from June 3 with the aim of ensuring market stabilisation.
Central bank suspends gold bar auctions, announces market inspections
The State Bank of Vietnam (SBV) has halted its gold bullion auctions and will introduce a new strategy to stabilise gold prices as early as June 3.
13,400 taels of SJC-branded gold bullion sold at May 23 auction
VOV.VN - Eleven bidders successfully bought a total of 13,400 taels of SJC-branded gold bullion that the State Bank of Vietnam (SBV) had put up to auction on May 23.
Central bank sells additional 7,900 taels of SJC gold in May 21 gold auction
VOV.VN - In a gold auction on May 21, 7,900 taels (equivalent to 70 lots) of SJC-brand gold bullion were successfully sold out of the 16,800 that the State Bank of Vietnam (SBV) offered for sale.
More gold bullion auctions slated for May 21, 23
The State Bank of Vietnam (SBV) on May 17 announced that it will hold two more gold auctions on May 21 and 23, each will offer 16,800 taels of SJC-branded gold bars.
12,300 taels of SJC-branded gold bullion sold through auction
VOV.VN - Eleven bidders bought a total of 12,300 taels of SJC-branded gold bullion that the State Bank of Vietnam (SBV) had put on sale at an auction held on May 16.
Central bank asks for close supervision of gold market
The State Bank of Vietnam (SBV) said that it has directed its branches in provinces and cities to closely monitor the developments of the local gold market, and at gold trading locations, and report to the central bank any case where people queue to buy gold.
