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Home Vietnam gold market

Gold Prices on June 13: SJC “Frozen” for Six Consecutive Sessions, Time to Halt Gold Stabilization Sales?

An Lý by An Lý
June 13, 2024
in Vietnam gold market
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Gold Prices on June 13: SJC “Frozen” for Six Consecutive Sessions, Time to Halt Gold Stabilization Sales?
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Summary

  • The bullion market remains unchanged for the sixth consecutive session as the State Bank of Vietnam (SBV) does not adjust the direct selling price.
  • “Frozen” at 76.98 million VND tael, SJC maintains the lowest price level since January 30, 2024.
  • Experts suggest reconsidering the current intervention approach to the gold bars market.

Detailed Content

As of 10 AM on June 13, SJC Ho Chi Minh, Doji Hanoi, and Doji Ho Chi Minh continue to maintain buy-sell transactions at 74.98 – 76.98 million VND per tael. The buy-sell spread remains stable at 2 million VND.

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USD/VND Exchange Rate on June 13: Central Rate Drops by 9 VND, Free Market Continues to Push Purchase Prices Up

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