Monday, June 24, 2024 11:33:52 PM - Markets open
VN-INDEX 1,254.12 -27.90/-2.18%
HNX-INDEX 239.74 -4.63/-1.89%
UPCOM-INDEX 99.06 -1.53/-1.52%
Two bidders win the first gold auction this year
Vietnam News - 4/24/2024 3:20:18 PM
 (0 ratings. You must sign in to rate.)
The State Bank of Việt Nam (SBV) released the outcome of the gold bullion auction on Tuesday, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
 
The two successful participants are Saigon Jewelry Company Limited (SJC) and Asia Commercial Joint Stock Bank (ACB).
 
3,400 taels were sold out of the total bid volume of 16,800 taels. The highest winning bid reached VNĐ81.33 million per tael (US$3,195), while the lowest winning bid price was VNĐ81.32 million per tael.
 
As a result, the winning bid price exceeded the SBV's starting price by VNĐ620,000 - 630,000 per tael.
 
The winning bidders are required to make payments to the SBV before 4pm today.
 
Seven banks and four enterprises on Tuesday morning took part in the first gold bullion auction of 2024, which organised by the central bank in Hà Nội.
 
This is seen as a decisive measure to boost the gold supply in the market.
 
The SBV had previously issued extensive notifications to qualified credit institutions and businesses, allowing them to register for auction participation and make deposits on April 22.
 
However, the auction was postponed on April 22 due to insufficient registered bidders and shortages of deposits transferred in accordance with regulations.
 
On the domestic market, gold prices fell by about VNĐ1 million per tael from the previous session.
 
At 1pm (local time), SJC gold prices were quoted at VNĐ80 million for sellers and VNĐ82.5 million for buyers, down VNĐ1 million per tael.
 
Meanwhile, PNJ gold prices dropped VNĐ900,000 per tael from Monday's session to VNĐ79.8 million per tael for sellers and VNĐ82.3 million for buyers. — VNS
 
Read original article here
Newer News
15:29 Banks are lifting deposit rates
14:50 Livestreaming under scrutiny to increase tax management efficiency
10/06 TCB: Techcombank receives green light to double charter capital
10/06 CTG: Vietinbank to auction 10 land plots with $1m reserve price to recover debts
05/06 Bank savings of individual customers recover while institutional savings decline
27/05 Experts predict deposit interest rates to rise 1 percentage point in H2
22/05 Finance ministry works with S&P on sovereign credit rating
13/05 Central bank's bid to stabilise gold market hits snag
08/05 Proposal of compulsory non-cash payment for gold transactions controversy
08/05 Three bidders win gold auction at high price
Older News
24/04 HCM City seeks to draw remittances in infrastructure
24/04 HCM City could issue bonds for overseas Vietnamese to fund infrastructure: conference
19/04 Overseas remittances to HCM City record highest increase in three years
19/04 Old loans must endure higher interest rates temporarily: SBV
19/04 Commercial banks raise deposit rates
16/04 Gold bar auction to be resumed after 11 years of suspension
16/04 Banks record positive business indicators in Q1 2024
12/04 Military Insurance targets top four spot in non-life insurance market for 2024
12/04 PM Chính requires strengthened gold market management
10/04 SJC gold price turns down, gold ring conquers new mark
 
Newsletter Signup
Top Stories
Surge in newly opened securities accounts recorded in May
VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
Interest rates to rise but not have major impact on stock market: economist
Businesses concerned about rising exchange rate pressure
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,254.12 -27.90/-2.18%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.