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Home Vietnam gold market

The State Bank of Vietnam lowered the reference price, the winning gold volume today reached 13,400 taels

An Lý by An Lý
May 23, 2024
in Vietnam gold market
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The State Bank of Vietnam lowered the reference price, the winning gold volume today reached 13,400 taels
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The State Bank of Vietnam (SBV) Announces the Results of the SJC Gold Bar Tender on May 23:

  • Number of winning members: 11
  • Total volume won: 134 lots (13,400 luongs of gold)
  • Highest winning bid: 88,730,000 VND per luong
  • Lowest winning bid: 88,720,000 VND per luong

The above winning bid prices indicate that the SBV decided to lower the reference price at the last minute to increase the likelihood of success for the bidders.

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