Tag: SJC
Central bank mulls raising gold position limit for lenders
The State Bank of Vietnam (SBV) plans to raise the end-of-day gold position limit for credit institutions authorised to produce, export and import gold from 2% to 5% of their charter capital, a move expected to give banks more flexibility in supplying gold to the market.
Domestic gold prices keep soaring amid global market surge
VOV.VN - Domestic prices of gold bars and rings again rose to historic peaks on the morning of October 16 as global rates keep going up.
Gold prices soar above VND145 million/tael amid global surge
VOV.VN - Domestic gold prices in Vietnam skyrocketed to a historic high, surpassing VND145 million per tael on the morning of October 14, following a sharp rally in global gold prices that pushed the metal above US$4,135 per ounce.
Gold prices hit record highs, trade close to VND140 million per tael
VOV.VN - SJC gold bars reached new peaks on the morning of October 6, trading near VND140 million per tael as global bullion prices surpassed US$3,900 an ounce for the first time.
Gold bar prices plunge as Deputy PM orders report on market management
VOV.VN - The domestic gold market continued to fall sharply on September 12, with gold bar prices dropping by VND3.8 million per tael for buying and VND2.5 million for selling compared to the previous day.
Why have domestic gold prices gone wild?
VOV.VN - Last week, Vietnam’s gold market witnessed unprecedented developments as SJC gold bars soared above VND135 million per tael, setting a new record and leaving far behind the converted price from the global market.
Domestic gold prices hit record high despite global drop
VOV.VN - Domestic gold prices in Vietnam soared to a record high on the morning of September 5, defying a drop in global gold rates.
Domestic gold hits record at VND125 million per tael on global market rally
VOV.VN - Domestic gold prices in Vietnam continued to hit a new peak on August 18, rising by VND500,000 per tael compared to the previous session, reaching VND124–125 million per tael, according to Saigon Jewelry Company (SJC).
Six gold trading enterprises and banks fined
On May 30, the State Bank of Vietnam (SBV) announced inspection results for six major gold trading units in the market: Sai Gon Jewelry Company (SJC), DOJI Jewelry Group, Phu Nhuan Jewelry Joint Stock Company (PNJ), Bao Tin Minh Chau, TPBank and Eximbank.
Government to ramp up inspection on gold trading
The Government has called for stricter market management, intensified inspections and larger penalties for violations in response to the recent developments in domestic gold prices.